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Studio · 396 sqftPrive by Damac Tower A, Business Bay · 16th floor · completed 2019

1615, Prive by Damac Tower A

Sold prices and rental history: sold twice, last in December 2022, and rented once, from February 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1615 · DLD and Ejari recordsUpdated 15 February 2023
Last soldAED 910K23 December 2022
Current rentAED 70K /yr15 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1615, Prive by Damac Tower A

What is 1615 worth today?

Last sold for AED 910,000 in 2022

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15 Feb 2023RentedNew contract
AED 70,000/yr12 months · AED 176 per sqft
23 Dec 2022SoldReady
AED 910,000AED 2,296 per sqft
12 Dec 2013Sold by developerOff-plan
AED 926,610AED 2,338 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 February 2023.

Key facts

Type
Studio apartment
Size
396 sqft
Floor
16th of 32
Parking
B-238
Developer
Namaa Properties Development
Completed
2019
Last sold
AED 910K · December 2022
Building
Prive by Damac Tower A

About 1615, Prive by Damac Tower A

1615 is a studio of 396 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. It last sold on 23 December 2022 for AED 910,000, or AED 2,296 per sqft, 23% above the AED 1,863 studios in the building were fetching at the time.

One Ejari contract is registered, from 15 February 2023. The current contract, signed on 15 February 2023, is AED 70,000 a year: a gross yield of 7.7% on the 2022 price.

Sales and rents for 1615 over time

Sales
Unit 1615, 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 926,610 (AED 2,338 per sqft)Sold, December 2022: AED 910,000 (AED 2,296 per sqft)

1615 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1615, each contractTypical studio in Prive by Damac Tower A
40K60K80K2020202220242026Typical 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, February 2023: AED 70,000 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 1615 sits

All 374 studios →

1615 last sold in December 2022 at AED 2,296 per sqft, 23% above what studios in Prive by Damac Tower A were fetching at the time (AED 1,863). 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. 1615's AED 70,000 is in the lower 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
1604StudioAED 880K · Dec 2013
1605StudioAED 910K · Feb 2023
1606StudioAED 1.13M · Aug 2023
1607StudioAED 1.01M · Dec 2014
1–7 of 16

1615, Prive by Damac Tower A in numbers

  • Sold twice: first on 12 December 2013 for AED 926,610, last on 23 December 2022 for AED 910,000 (AED 2,296 per sqft).
  • Rented since February 2023 on one Ejari contract, at AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2022 price is 7.7%.
  • 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 15 February 2023.

Questions about 1615, Prive by Damac Tower A

What did unit 1615 last sell for?

AED 910,000 on 23 December 2022: AED 2,296 per sqft for 396 sqft. The unit has 2 registered sales; the first was AED 926,610 in December 2013.

What is the rent for unit 1615?

AED 70,000 a year on the contract signed on 15 February 2023.

How big is unit 1615?

396 sqft (36.8 sqm): a studio on the 16th floor of a 32-storey tower completed in 2019.

What is unit 1615 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 1615, Prive by Damac Tower A

Starts from the last sale price (AED 910K, 23 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 910,000
Deposit, UAE resident (20%)
AED 182,000
Deposit, non-resident (40%)
AED 364,000
Monthly over 25 years at 3.7%
AED 3,723

Plus AED 43,230 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →