Studio · 373 sqftPrive by Damac Tower A, Business Bay · 16th floor · completed 2019

1604, Prive by Damac Tower A

Sold prices and rental history: sold once, by the developer in December 2013, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1604 · DLD and Ejari recordsUpdated 5 March 2025
Last soldAED 880K12 December 2013
Current rentAED 80K /yr5 March 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1604, Prive by Damac Tower A

What is 1604 worth today?

Last sold for AED 879,710 in 2013

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5 Mar 2025RentedNew contract
AED 80,000/yr12 months · AED 212 per sqft
1 Feb 2024RentedNew contract
AED 75,000/yr12 months · AED 199 per sqft
5 Jan 2023RentedRenewal
AED 40,750/yr12 months · AED 108 per sqft
5 Jan 2021RentedNew contract
AED 32,000/yr12 months · AED 85 per sqft
12 Dec 2013Sold by developerOff-plan
AED 879,710AED 2,361 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 5 March 2025.

Key facts

Type
Studio apartment
Size
373 sqft
Floor
16th of 32
Parking
B-228
Developer
Namaa Properties Development
Completed
2019
Last sold
AED 880K · December 2013

About 1604, Prive by Damac Tower A

1604 is a studio of 373 sqft on the 16th floor of Prive by Damac Tower A, a 32-storey tower in Business Bay completed in 2019 by Namaa Properties Development. The developer sold it on 12 December 2013 for AED 879,710, or AED 2,361 per sqft, 5% above the AED 2,247 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 5 March 2025, is AED 80,000 a year: a gross yield of 9.1% on the 2013 price.

Sales and rents for 1604 over time

Sales
Unit 1604, each saleTypical studio in Prive by Damac Tower A
600K800K1M2013201720212025Typical sale price by year: 2013 AED 913,210; 2014 AED 1,006,050; 2015 AED 917,915; 2016 AED 932,000; 2017 AED 1,080,000; 2018 AED 725,000; 2019 AED 930,000; 2020 AED 673,080; 2021 AED 723,000; 2022 AED 800,000; 2023 AED 950,000; 2024 AED 1,046,500; 2025 AED 1,050,000; 2026 AED 1,048,000Sold by developer, December 2013: AED 879,710 (AED 2,361 per sqft)

1604 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1604, each contractTypical studio in Prive by Damac Tower A
25K50K75K2020202220242026Typical rent by year: 2020 AED 43,000; 2021 AED 45,000; 2022 AED 59,200; 2023 AED 67,000; 2024 AED 74,000; 2025 AED 75,000; 2026 AED 75,000New contract, January 2021: AED 32,000 a yearRenewal, January 2023: AED 40,750 a yearNew contract, February 2024: AED 75,000 a yearNew contract, March 2025: AED 80,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Prive by Damac Tower A, and where 1604 sits

All 374 studios →

1604 last sold in December 2013 at AED 2,361 per sqft, 5% above what studios in Prive by Damac Tower A were fetching at the time (AED 2,247). Over the last 12 months studios sold for AED 960,000 to 1,145,000, around AED 2,416 per sqft, and rent for AED 46,000 to 100,000 a year. 1604's AED 80,000 is in the upper half of that range.

Recent studio salesUnit no.Price (AED)Summary
10 Feb 20261,048,000
22 Jan 2026980,000
15 Jan 20261,070,000
26 Dec 2025960,000
9 studio sales in the last 12 months

Prive by Damac Tower A

Building

516 apartments, studios to 2-bed over 32 floors in Business Bay, completed in 2019 by Namaa Properties Development. 13 sold in the last 12 months.

Typical price per sqft
AED 2,335 Down 1.3%
Typical sale
AED 1.07M
Typical rent
AED 80K /yr
Typical yield
7.3%
Prive by Damac Tower A, Business Bay: prices, sales and rents →

Other units on the 16th floor

All 516 units in Prive by Damac Tower A
Value
16011-bedAED 1.78M · Aug 2023
1602StudioAED 935K · Mar 2014
1603StudioAED 927K · Mar 2014
1605StudioAED 910K · Feb 2023
1606StudioAED 1.13M · Aug 2023
1607StudioAED 1.01M · Dec 2014
1608StudioAED 1M · Dec 2014
1–7 of 16

1604, Prive by Damac Tower A in numbers

  • Sold once: by Namaa Properties Development on 12 December 2013 for AED 879,710, or AED 2,361 per sqft.
  • Rented since January 2021 on 4 Ejari contracts, from AED 32,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2013 price is 9.1%.
  • Studios in Prive by Damac Tower A sold for AED 960,000–1,145,000 in the 12 months to November 2026; the building's median across all types is AED 2,335 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 5 March 2025.

Questions about 1604, Prive by Damac Tower A

What did unit 1604 last sell for?

AED 879,710 on 12 December 2013, sold by the developer: AED 2,361 per sqft for 373 sqft. It is the only registered sale of the unit.

What is the rent for unit 1604?

AED 80,000 a year on the contract signed on 5 March 2025. The previous contract, from February 2024, was AED 75,000; the unit has been rented since January 2021.

How big is unit 1604?

373 sqft (34.7 sqm): a studio on the 16th floor of a 32-storey tower completed in 2019.

What is unit 1604 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Prive by Damac Tower A sold for AED 960,000 to 1,145,000 in the last 12 months, around AED 2,416 per sqft.

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Mortgage on 1604, Prive by Damac Tower A

Starts from the last sale price (AED 880K, 12 December 2013). Switch to today's estimate once you have unlocked it.
Price
AED 879,710
Deposit, UAE resident (20%)
AED 175,942
Deposit, non-resident (40%)
AED 351,884
Monthly over 25 years at 3.7%
AED 3,599

Plus AED 41,957 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →