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Studio · 491 sqftPrive by Damac Tower B, Business Bay · 16th floor · completed 2019

1607, Prive by Damac Tower B

Sold prices and rental history: sold twice, last in September 2021, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1607 · DLD and Ejari recordsUpdated 20 January 2026
Last soldAED 345K28 September 2021
Current rentAED 80K /yr20 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1607, Prive by Damac Tower B

What is 1607 worth today?

Last sold for AED 345,000 in 2021

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20 Jan 2026RentedNew contract
AED 80,000/yr12 months · AED 162 per sqft
29 Nov 2024RentedNew contract
AED 100,000/yr12 months · AED 204 per sqft
24 Nov 2023RentedNew contract
AED 78,000/yr12 months · AED 158 per sqft
24 Nov 2022RentedNew contract
AED 72,000/yr12 months · AED 147 per sqft
28 Sep 2021SoldReady
AED 345,000AED 703 per sqft
14 Apr 2016Sold by developerOff-plan
AED 1,168,200AED 2,380 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 20 January 2026.

Key facts

Type
Studio apartment
Size
491 sqft
Floor
16th of 32
Parking
P3-06
Developer
Namaa Properties Development
Completed
2019
Last sold
AED 345K · September 2021
Building
Prive by Damac Tower B

About 1607, Prive by Damac Tower B

1607 is a studio of 491 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 28 September 2021 for AED 345,000, or AED 703 per sqft, 54% below the AED 1,514 studios in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 20 January 2026, is AED 80,000 a year: a gross yield of 23.2% on the 2021 price.

Sales and rents for 1607 over time

Sales
Unit 1607, each saleTypical studio in Prive by Damac Tower B
500K1M2014201820222026Typical 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 1,168,200 (AED 2,380 per sqft)Sold, September 2021: AED 345,000 (AED 703 per sqft)

1607 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1607, each contractTypical studio in Prive by Damac Tower B
50K100K2020202220242026Typical 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, November 2022: AED 72,000 a yearNew contract, November 2023: AED 78,000 a yearNew contract, November 2024: AED 100,000 a yearNew contract, January 2026: 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 B, and where 1607 sits

All 388 studios →

1607 last sold in September 2021 at AED 703 per sqft, 54% below what studios in Prive by Damac Tower B were fetching at the time (AED 1,514). 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. 1607's AED 80,000 is in the upper 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
1604StudioAED 1.05M · Sep 2024
1605AED 880K · Dec 2025
1606StudioAED 1.09M · Feb 2025
16082-bedAED 3.03M · Jan 2019
1–7 of 18

1607, Prive by Damac Tower B in numbers

  • Sold twice: first on 14 April 2016 for AED 1,168,200, last on 28 September 2021 for AED 345,000 (AED 703 per sqft).
  • Rented since November 2022 on 4 Ejari contracts, from AED 72,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2021 price is 23.2%.
  • 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 20 January 2026.

Questions about 1607, Prive by Damac Tower B

What did unit 1607 last sell for?

AED 345,000 on 28 September 2021: AED 703 per sqft for 491 sqft. The unit has 2 registered sales; the first was AED 1,168,200 in April 2016.

What is the rent for unit 1607?

AED 80,000 a year on the contract signed on 20 January 2026. The previous contract, from November 2024, was AED 100,000; the unit has been rented since November 2022.

How big is unit 1607?

491 sqft (45.6 sqm): a studio on the 16th floor of a 32-storey tower completed in 2019.

What is unit 1607 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 1607, Prive by Damac Tower B

Starts from the last sale price (AED 345K, 28 September 2021). Switch to today's estimate once you have unlocked it.
Price
AED 345,000
Deposit, UAE resident (20%)
AED 69,000
Deposit, non-resident (40%)
AED 138,000
Monthly over 25 years at 3.7%
AED 1,412

Plus AED 17,400 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →