2016, Prive by Damac Tower B
Sold prices and rental history: sold once, by the developer in May 2016, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2016, Prive by Damac Tower B
What is 2016 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 6 April 2025.
Key facts
- Type
- Studio apartment
- Size
- 419 sqft
- Floor
- 20th of 32
- Parking
- P3-76
- Developer
- Namaa Properties Development
- Completed
- 2019
- Last sold
- AED 1.19M · May 2016
- Building
- Prive by Damac Tower B
About 2016, Prive by Damac Tower B
2016 is a studio of 419 sqft on the 20th 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 25 May 2016 for AED 1,190,000, or AED 2,841 per sqft, 24% above the AED 2,294 studios in the building were fetching at the time.
It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 6 April 2025, is AED 60,638 a year: a gross yield of 5.1% on the 2016 price.
Sales and rents for 2016 over time
2016 has sold once; the dashed line is the studio median of each year in the building.
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 2016 sits
All 388 studios →2016 last sold in May 2016 at AED 2,841 per sqft, 24% above what studios in Prive by Damac Tower B were fetching at the time (AED 2,294). 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. 2016's AED 60,638 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 18 Feb 202618 February 2026 | 373 sqft | 930,000 | 2,493 | ||
| 18 Feb 202618 February 2026 | 373 sqft | 900,000 | 2,415 | ||
| 16 Feb 202616 February 2026 | 396 sqft | 1,050,000 | 2,650 | ||
| 13 Feb 202613 February 2026 | 438 sqft | 1,130,000 | 2,577 |
Prive by Damac Tower B
Building526 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 0.7%
- Typical sale
- AED 1.05M
- Typical rent
- AED 81K /yr
- Typical yield
- 7.1%
Other units on the 20th floor
All 526 units in Prive by Damac Tower B| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2001 | 1-bed | 967 sqft | AED 1.7MAED 1,700,000 · May 2025May 2025 | 125,000 /yr | |
| 2002 | Studio | 400 sqft | AED 940KAED 939,977 · Apr 2016April 2016 | 48,276 /yr | |
| 2003 | 396 sqft | AED 1.14MAED 1,135,000 · Nov 2025November 2025 | 55,000 /yr | ||
| 2004 | Studio | 373 sqft | AED 960KAED 960,000 · Jul 2025July 2025 | 65,000 /yr | |
| 2005 | Studio | 432 sqft | AED 1.1MAED 1,100,000 · Mar 2024March 2024 | 70,000 /yr | |
| 2006 | Studio | 471 sqft | AED 1.03MAED 1,030,000 · Oct 2024October 2024 | 60,000 /yr | |
| 2007 | Studio | 491 sqft | AED 1.15MAED 1,146,540 · Jan 2024January 2024 | ||
| 2008 | 2-bed | 1,381 sqft | AED 2MAED 2,000,000 · Sep 2022September 2022 | 118,000 /yr | |
| 2009 | 1-bed | 982 sqft | AED 1.78MAED 1,781,640 · Feb 2022February 2022 | ||
| 2010 | Studio | 438 sqft | AED 1.02MAED 1,016,000 · Apr 2016April 2016 | 67,000 /yr | |
| 2011 | Studio | 445 sqft | AED 1.15MAED 1,150,600 · Feb 2016February 2016 | 90,000 /yr | |
| 2012 | Studio | 471 sqft | AED 1.1MAED 1,095,600 · Jan 2016January 2016 | 73,000 /yr | |
| 2013 | Studio | 431 sqft | AED 1.01MAED 1,009,800 · Dec 2015December 2015 | 70,000 /yr | |
| 2014 | Studio | 373 sqft | AED 855KAED 854,775 · Jan 2016January 2016 | ||
| 2015 | Studio | 402 sqft | AED 990KAED 990,000 · Sep 2023September 2023 | ||
| 2017 | 1-bed | 957 sqft | AED 1.64MAED 1,641,000 · Feb 2020February 2020 | 76,000 /yr |
2016, Prive by Damac Tower B in numbers
- Sold once: by Namaa Properties Development on 25 May 2016 for AED 1,190,000, or AED 2,841 per sqft.
- Rented since April 2021 on 4 Ejari contracts, from AED 42,000 to AED 60,638 a year.
- At AED 60,638 a year the gross yield on the 2016 price is 5.1%.
- 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 6 April 2025.
Questions about 2016, Prive by Damac Tower B
What did unit 2016 last sell for?
AED 1,190,000 on 25 May 2016, sold by the developer: AED 2,841 per sqft for 419 sqft. It is the only registered sale of the unit.
What is the rent for unit 2016?
AED 60,638 a year on the contract renewed on 6 April 2025. The previous contract, from April 2023, was AED 55,000; the unit has been rented since April 2021.
How big is unit 2016?
419 sqft (38.9 sqm): a studio on the 20th floor of a 32-storey tower completed in 2019.
What is unit 2016 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 2016, Prive by Damac Tower B
Starts from the last sale price (AED 1.19M, 25 May 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 1,190,000
- Deposit, UAE resident (20%)
- AED 238,000
- Deposit, non-resident (40%)
- AED 476,000
- Monthly over 25 years at 3.7%
- AED 4,869
Plus AED 54,990 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →