505, Prive by Damac Tower B
Sold prices and rental history: sold twice, last in April 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, Prive by Damac Tower B
What is 505 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 30 June 2024.
Key facts
- Type
- Studio apartment
- Size
- 432 sqft
- Floor
- 5th of 32
- Parking
- nan
- Developer
- Namaa Properties Development
- Completed
- 2019
- Last sold
- AED 1M · April 2024
- Building
- Prive by Damac Tower B
About 505, Prive by Damac Tower B
505 is a studio of 432 sqft on the 5th 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 3 April 2024 for AED 1,000,000, or AED 2,316 per sqft, in line with the AED 2,359 studios in the building were fetching at the time.
It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 30 June 2024, is AED 69,806 a year: a gross yield of 7.0% on the 2024 price.
Sales and rents for 505 over time
505 has sold twice; 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 505 sits
All 388 studios →505 last sold in April 2024 at AED 2,316 per sqft, in line with what studios in Prive by Damac Tower B were fetching at the time (AED 2,359). 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. 505's AED 69,806 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 1.2%
- Typical sale
- AED 1.05M
- Typical rent
- AED 80K /yr
- Typical yield
- 7.2%
Other units on the 5th floor
All 526 units in Prive by Damac Tower B| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 923 sqft | AED 1.19MAED 1,189,040 · Dec 2020December 2020 | 110,000 /yr | |
| 502 | Studio | 408 sqft | AED 1.07MAED 1,065,900 · Jan 2017January 2017 | ||
| 503 | Studio | 408 sqft | AED 1.31MAED 1,305,300 · May 2014May 2014 | ||
| 504 | Studio | 373 sqft | AED 968KAED 968,050 · Apr 2014April 2014 | 70,000 /yr | |
| 506 | Studio | 443 sqft | AED 1.13MAED 1,133,350 · Apr 2017April 2017 | 78,000 /yr | |
| 507 | Studio | 418 sqft | AED 988KAED 988,000 · Jul 2024July 2024 | 70,000 /yr | |
| 508 | 1,342 sqft | AED 2.55MAED 2,550,000 · Aug 2025August 2025 | 100,000 /yr | ||
| 510 | Studio | 414 sqft | AED 1.1MAED 1,098,200 · Mar 2014March 2014 | 70,000 /yr | |
| 511 | Studio | 416 sqft | AED 1.06MAED 1,059,250 · Mar 2014March 2014 | 63,000 /yr | |
| 512 | Studio | 443 sqft | AED 1.42MAED 1,416,450 · Oct 2014October 2014 | 56,000 /yr | |
| 513 | Studio | 431 sqft | AED 1.44MAED 1,435,225 · Jan 2015January 2015 | 75,000 /yr | |
| 514 | Studio | 373 sqft | AED 968KAED 968,050 · Jun 2014June 2014 | 68,000 /yr | |
| 515 | Studio | 414 sqft | AED 1.04MAED 1,044,000 · May 2014May 2014 | 58,432 /yr | |
| 516 | Studio | 431 sqft | AED 1.07MAED 1,065,900 · Aug 2014August 2014 | 82,500 /yr | |
| 517 | 1-bed | 933 sqft | AED 1.5MAED 1,500,000 · Dec 2024December 2024 | 105,283 /yr |
505, Prive by Damac Tower B in numbers
- Sold twice: first on 27 October 2021 for AED 828,000, last on 3 April 2024 for AED 1,000,000 (AED 2,316 per sqft).
- Rented since December 2021 on 2 Ejari contracts, from AED 62,000 to AED 69,806 a year.
- At AED 69,806 a year the gross yield on the 2024 price is 7.0%.
- 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 30 June 2024.
Questions about 505, Prive by Damac Tower B
What did unit 505 last sell for?
AED 1,000,000 on 3 April 2024: AED 2,316 per sqft for 432 sqft. The unit has 2 registered sales; the first was AED 828,000 in October 2021.
What is the rent for unit 505?
AED 69,806 a year on the contract signed on 30 June 2024. The previous contract, from December 2021, was AED 62,000.
How big is unit 505?
432 sqft (40.1 sqm): a studio on the 5th floor of a 32-storey tower completed in 2019.
What is unit 505 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 505, Prive by Damac Tower B
Starts from the last sale price (AED 1M, 3 April 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,000,000
- Deposit, UAE resident (20%)
- AED 200,000
- Deposit, non-resident (40%)
- AED 400,000
- Monthly over 25 years at 3.7%
- AED 4,091
Plus AED 47,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →