511, Prive by Damac Tower B
Sold prices and rental history: sold once, by the developer in March 2014, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 511, Prive by Damac Tower B
What is 511 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 13 June 2025.
Key facts
- Type
- Studio apartment
- Size
- 416 sqft
- Floor
- 5th of 32
- Parking
- P2-29
- Developer
- Namaa Properties Development
- Completed
- 2019
- Last sold
- AED 1.06M · March 2014
- Building
- Prive by Damac Tower B
About 511, Prive by Damac Tower B
511 is a studio of 416 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. The developer sold it on 26 March 2014 for AED 1,059,250, or AED 2,546 per sqft, in line with the AED 2,585 studios in the building were fetching at the time.
It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, signed on 13 June 2025, is AED 63,000 a year: a gross yield of 5.9% on the 2014 price.
Sales and rents for 511 over time
511 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 511 sits
All 388 studios →511 last sold in March 2014 at AED 2,546 per sqft, in line with what studios in Prive by Damac Tower B were fetching at the time (AED 2,585). 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. 511's AED 63,000 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 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 | |
| 505 | Studio | 432 sqft | AED 1MAED 1,000,000 · Apr 2024April 2024 | 69,806 /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 | |
| 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 |
511, Prive by Damac Tower B in numbers
- Sold once: by Namaa Properties Development on 26 March 2014 for AED 1,059,250, or AED 2,546 per sqft.
- Rented since November 2020 on 6 Ejari contracts, from AED 40,000 to AED 63,000 a year.
- At AED 63,000 a year the gross yield on the 2014 price is 5.9%.
- 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 13 June 2025.
Questions about 511, Prive by Damac Tower B
What did unit 511 last sell for?
AED 1,059,250 on 26 March 2014, sold by the developer: AED 2,546 per sqft for 416 sqft. It is the only registered sale of the unit.
What is the rent for unit 511?
AED 63,000 a year on the contract signed on 13 June 2025. The previous contract, from June 2024, was AED 60,000; the unit has been rented since November 2020.
How big is unit 511?
416 sqft (38.6 sqm): a studio on the 5th floor of a 32-storey tower completed in 2019.
What is unit 511 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 511, Prive by Damac Tower B
Starts from the last sale price (AED 1.06M, 26 March 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 1,059,250
- Deposit, UAE resident (20%)
- AED 211,850
- Deposit, non-resident (40%)
- AED 423,700
- Monthly over 25 years at 3.7%
- AED 4,334
Plus AED 49,499 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →