2-bed · 1,518 sqftPrive by Damac Tower B, Business Bay · 1st floor · completed 2019

107, Prive by Damac Tower B

Sold prices and rental history: sold once, by the developer in June 2019, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 107 · DLD and Ejari recordsUpdated 5 September 2024
Last soldAED 3.2M20 June 2019
Current rentAED 160K /yr5 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 107, Prive by Damac Tower B

What is 107 worth today?

Last sold for AED 3,198,000 in 2019

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5 Sep 2024RentedRenewal
AED 160,000/yr12 months · AED 89 per sqft
5 Sep 2023RentedNew contract
AED 145,000/yr12 months · AED 81 per sqft
25 Feb 2022RentedNew contract
AED 175,000/yr12 months · AED 98 per sqft
20 Jun 2019Sold by developerOff-plan
AED 3,198,000AED 2,106 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 5 September 2024.

Key facts

Type
2-bed apartment
Size
1,518 sqft
Floor
1st of 32
Parking
P1-164
Developer
Namaa Properties Development
Completed
2019
Last sold
AED 3.2M · June 2019

About 107, Prive by Damac Tower B

107 is a two-bedroom apartment of 1,518 sqft on the 1st floor of Prive by Damac Tower B, a 32-storey tower in Business Bay completed in 2019 by Namaa Properties Development. The developer sold it on 20 June 2019 for AED 3,198,000, or AED 2,106 per sqft, in line with the AED 2,108 two-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 5 September 2024, is AED 160,000 a year: a gross yield of 5.0% on the 2019 price.

Sales and rents for 107 over time

Sales
Unit 107, each saleTypical two-bed in Prive by Damac Tower B
2M3M20142017202020232026Typical sale price by year: 2014 AED 3,616,425; 2017 AED 3,161,000; 2018 AED 2,752,410; 2019 AED 2,995,500; 2020 AED 2,487,000; 2021 AED 2,549,000; 2022 AED 2,144,150; 2023 AED 2,695,000; 2024 AED 2,542,560; 2025 AED 2,150,000Sold by developer, June 2019: AED 3,198,000 (AED 2,106 per sqft)

107 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 107, each contractTypical two-bed in Prive by Damac Tower B
100K150K2020202220242026Typical rent by year: 2020 AED 106,000; 2021 AED 102,500; 2022 AED 130,000; 2023 AED 145,000; 2024 AED 160,000; 2025 AED 155,000; 2026 AED 165,000New contract, February 2022: AED 175,000 a yearNew contract, September 2023: AED 145,000 a yearRenewal, September 2024: AED 160,000 a year

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

2-beds in Prive by Damac Tower B, and where 107 sits

All 34 2-beds →

107 last sold in June 2019 at AED 2,106 per sqft, in line with what two-beds in Prive by Damac Tower B were fetching at the time (AED 2,108). Over the last 12 months two-beds sold for AED 2,500,000, around AED 1,774 per sqft, and rent for AED 145,000 to 180,000 a year. 107's AED 160,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
20 Jan 20262,500,000
1 Jul 20252,100,000
24 Jun 20252,150,000
9 Jan 20252,843,938
1 2-bed sale in the last 12 months

Prive by Damac Tower B

Building

526 apartments, studios to 2-bed over 32 floors in Business Bay, completed in 2019 by Namaa Properties Development. 22 sold in the last 12 months.

Typical price per sqft
AED 2,390 Up 1.2%
Typical sale
AED 1.05M
Typical rent
AED 80K /yr
Typical yield
7.2%
Prive by Damac Tower B, Business Bay: prices, sales and rents →

Other units on the 1st floor

All 526 units in Prive by Damac Tower B
Value
1011-bedAED 1.57M · Jan 2024
102StudioAED 1.21M · May 2017
103StudioAED 1.08M · Aug 2016
104StudioAED 971K · Dec 2022
105StudioAED 1.07M · Aug 2023
106StudioAED 701K · Feb 2021
1081-bedAED 1.78M · Feb 2021
1–7 of 9

107, Prive by Damac Tower B in numbers

  • Sold once: by Namaa Properties Development on 20 June 2019 for AED 3,198,000, or AED 2,106 per sqft.
  • Rented since February 2022 on 3 Ejari contracts. The rent fell from AED 175,000 to AED 145,000 in 2023 and recovered to AED 160,000 by September 2024.
  • At AED 160,000 a year the gross yield on the 2019 price is 5.0%.
  • Two-beds in Prive by Damac Tower B sold for AED 2,500,000–2,500,000 in the 12 months to November 2026; the building's median across all types is AED 2,390 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 5 September 2024.

Questions about 107, Prive by Damac Tower B

What did unit 107 last sell for?

AED 3,198,000 on 20 June 2019, sold by the developer: AED 2,106 per sqft for 1,518 sqft. It is the only registered sale of the unit.

What is the rent for unit 107?

AED 160,000 a year on the contract renewed on 5 September 2024. The previous contract, from September 2023, was AED 145,000; the unit has been rented since February 2022.

How big is unit 107?

1,518 sqft (141.0 sqm): a two-bedroom apartment on the 1st floor of a 32-storey tower completed in 2019.

What is unit 107 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Prive by Damac Tower B sold for AED 2,500,000 to 2,500,000 in the last 12 months, around AED 1,774 per sqft.

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Mortgage on 107, Prive by Damac Tower B

Starts from the last sale price (AED 3.2M, 20 June 2019). Switch to today's estimate once you have unlocked it.
Price
AED 3,198,000
Deposit, UAE resident (20%)
AED 639,600
Deposit, non-resident (40%)
AED 1,279,200
Monthly over 25 years at 3.7%
AED 13,084

Plus AED 139,326 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →