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

1604, Prive by Damac Tower B

Sold prices and rental history: sold 5 times, last in September 2024, and rented 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 11 September 2024
Last soldAED 1.05M11 September 2024
Current rentAED 61K /yr1 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1604, Prive by Damac Tower B

What is 1604 worth today?

Last sold for AED 1,050,000 in 2024

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11 Sep 2024SoldReady
AED 1,050,000AED 2,818 per sqft
19 Aug 2024SoldReady
AED 900,000AED 2,415 per sqft
4 Mar 2024SoldReady
AED 1,000,000AED 2,684 per sqft
2 Oct 2023SoldReady
AED 855,000AED 2,295 per sqft
1 Sep 2023RentedRenewal
AED 60,500/yr12 months · AED 162 per sqft
1 Sep 2022RentedNew contract
AED 55,000/yr12 months · AED 148 per sqft
11 Jul 2021RentedNew contract
AED 45,000/yr12 months · AED 121 per sqft
14 Apr 2016Sold by developerOff-plan
AED 864,600AED 2,320 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 11 September 2024.

Key facts

Type
Studio apartment
Size
373 sqft
Floor
16th of 32
Parking
P3-03
Developer
Namaa Properties Development
Completed
2019
Last sold
AED 1.05M · September 2024
Building
Prive by Damac Tower B

About 1604, Prive by Damac Tower B

1604 is a studio of 373 sqft on the 16th floor of Prive by Damac Tower B, a 32-storey tower in Business Bay completed in 2019 by Namaa Properties Development. It last sold on 11 September 2024 for AED 1,050,000, or AED 2,818 per sqft, 19% above the AED 2,371 studios in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 1 September 2023, is AED 60,500 a year: a gross yield of 5.8% on the 2024 price.

Sales and rents for 1604 over time

Sales
Unit 1604, each saleTypical studio in Prive by Damac Tower B
1M2014201820222026Typical sale price by year: 2014 AED 1,100,100; 2015 AED 1,179,750; 2016 AED 975,650; 2017 AED 1,072,000; 2018 AED 612,500; 2019 AED 924,444; 2020 AED 729,000; 2021 AED 734,000; 2022 AED 825,080; 2023 AED 950,000; 2024 AED 1,010,000; 2025 AED 1,050,000; 2026 AED 1,050,000Sold by developer, April 2016: AED 864,600 (AED 2,320 per sqft)Sold, October 2023: AED 855,000 (AED 2,295 per sqft)Sold, March 2024: AED 1,000,000 (AED 2,684 per sqft)Sold, August 2024: AED 900,000 (AED 2,415 per sqft)Sold, September 2024: AED 1,050,000 (AED 2,818 per sqft)

1604 has sold 5 times; the dashed line is the studio median of each year in the building.

Rents
Unit 1604, each contractTypical studio in Prive by Damac Tower B
40K60K80K2020202220242026Typical rent by year: 2020 AED 44,000; 2021 AED 45,000; 2022 AED 60,000; 2023 AED 66,000; 2024 AED 70,189; 2025 AED 74,000; 2026 AED 80,000New contract, July 2021: AED 45,000 a yearNew contract, September 2022: AED 55,000 a yearRenewal, September 2023: AED 60,500 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 B, and where 1604 sits

All 388 studios →

1604 last sold in September 2024 at AED 2,818 per sqft, 19% above what studios in Prive by Damac Tower B were fetching at the time (AED 2,371). Over the last 12 months studios sold for AED 425,000 to 1,250,000, around AED 2,443 per sqft, and rent for AED 56,030 to 98,500 a year. 1604's AED 60,500 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
18 Feb 2026930,000
18 Feb 2026900,000
16 Feb 20261,050,000
13 Feb 20261,130,000
18 studio sales 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 16th floor

All 526 units in Prive by Damac Tower B
Value
1601StudioAED 1.05M · Aug 2023
1602StudioAED 790K · Aug 2022
1603StudioAED 911K · Jan 2016
1605AED 880K · Dec 2025
1606StudioAED 1.09M · Feb 2025
1607StudioAED 345K · Sep 2021
16082-bedAED 3.03M · Jan 2019
1–7 of 18

1604, Prive by Damac Tower B in numbers

  • Sold 5 times: first on 14 April 2016 for AED 864,600, last on 11 September 2024 for AED 1,050,000 (AED 2,818 per sqft).
  • Rented since July 2021 on 3 Ejari contracts, from AED 45,000 to AED 60,500 a year.
  • At AED 60,500 a year the gross yield on the 2024 price is 5.8%.
  • Studios in Prive by Damac Tower B sold for AED 425,000–1,250,000 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 11 September 2024.

Questions about 1604, Prive by Damac Tower B

What did unit 1604 last sell for?

AED 1,050,000 on 11 September 2024: AED 2,818 per sqft for 373 sqft. The unit has 5 registered sales; the first was AED 864,600 in April 2016.

What is the rent for unit 1604?

AED 60,500 a year on the contract renewed on 1 September 2023. The previous contract, from September 2022, was AED 55,000; the unit has been rented since July 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 B sold for AED 425,000 to 1,250,000 in the last 12 months, around AED 2,443 per sqft.

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Mortgage on 1604, Prive by Damac Tower B

Starts from the last sale price (AED 1.05M, 11 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,050,000
Deposit, UAE resident (20%)
AED 210,000
Deposit, non-resident (40%)
AED 420,000
Monthly over 25 years at 3.7%
AED 4,296

Plus AED 49,110 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →