1-bed · 923 sqftPrive by Damac Tower B, Business Bay · 7th floor · completed 2019

701, Prive by Damac Tower B

Sold prices and rental history: sold once, by the developer in November 2020, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 701 · DLD and Ejari recordsUpdated 26 November 2020
Last soldAED 1.23M26 November 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 701, Prive by Damac Tower B

What is 701 worth today?

Last sold for AED 1,230,000 in 2020

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26 Nov 2020Sold by developerReady
AED 1,230,000AED 1,332 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 26 November 2020.

Key facts

Type
1-bed apartment
Size
923 sqft
Floor
7th of 32
Parking
P2-52
Developer
Namaa Properties Development
Completed
2019
Last sold
AED 1.23M · November 2020

About 701, Prive by Damac Tower B

701 is a one-bedroom apartment of 923 sqft on the 7th 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 November 2020 for AED 1,230,000, or AED 1,332 per sqft, 22% below the AED 1,702 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 701 over time

Sales
Unit 701, each saleTypical one-bed in Prive by Damac Tower B
2M2014201820222026Typical sale price by year: 2014 AED 2,440,800; 2017 AED 1,992,000; 2018 AED 1,827,000; 2019 AED 2,113,000; 2020 AED 1,569,985; 2021 AED 1,470,425; 2022 AED 1,731,000; 2023 AED 1,700,000; 2024 AED 1,600,500; 2025 AED 1,620,000; 2026 AED 1,700,000Sold by developer, November 2020: AED 1,230,000 (AED 1,332 per sqft)

701 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 701, each contractTypical one-bed in Prive by Damac Tower B
75K100K125K2020202220242026Typical rent by year: 2020 AED 76,000; 2021 AED 80,000; 2022 AED 90,000; 2023 AED 115,000; 2024 AED 120,000; 2025 AED 120,000; 2026 AED 125,000

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Prive by Damac Tower B, and where 701 sits

All 86 1-beds →

701 last sold in November 2020 at AED 1,332 per sqft, 22% below what one-beds in Prive by Damac Tower B were fetching at the time (AED 1,702). Over the last 12 months one-beds sold for AED 1,700,000 to 2,280,000, around AED 2,073 per sqft, and rent for AED 80,000 to 130,000 a year.

Recent 1-bed salesUnit no.Price (AED)Summary
17 Feb 20261,700,000
5 Feb 20261,700,000
27 Jan 20262,280,000
12 May 20251,700,000
3 1-bed 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 7th floor

All 526 units in Prive by Damac Tower B
Value
702StudioAED 578K · Aug 2018
703StudioAED 1.05M · Jun 2014
704StudioAED 920K · Nov 2024
705StudioAED 1.12M · Jun 2014
706StudioAED 1.02M · Jan 2024
707StudioAED 1M · Feb 2024
7082-bedAED 2.5M · Feb 2023
1–7 of 16

701, Prive by Damac Tower B in numbers

  • Sold once: by Namaa Properties Development on 26 November 2020 for AED 1,230,000, or AED 1,332 per sqft.
  • One-beds in Prive by Damac Tower B sold for AED 1,700,000–2,280,000 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 26 November 2020.

Questions about 701, Prive by Damac Tower B

What did unit 701 last sell for?

AED 1,230,000 on 26 November 2020, sold by the developer: AED 1,332 per sqft for 923 sqft. It is the only registered sale of the unit.

How big is unit 701?

923 sqft (85.7 sqm): a one-bedroom apartment on the 7th floor of a 32-storey tower completed in 2019.

What is unit 701 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Prive by Damac Tower B sold for AED 1,700,000 to 2,280,000 in the last 12 months, around AED 2,073 per sqft.

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Mortgage on 701, Prive by Damac Tower B

Starts from the last sale price (AED 1.23M, 26 November 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,230,000
Deposit, UAE resident (20%)
AED 246,000
Deposit, non-resident (40%)
AED 492,000
Monthly over 25 years at 3.7%
AED 5,032

Plus AED 56,670 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →