Studio · 373 sqftPrive by Damac Tower B, Business Bay · 7th floor · completed 2019

704, Prive by Damac Tower B

Sold prices and rental history: sold twice, last in November 2024, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 704 · DLD and Ejari recordsUpdated 15 April 2025
Last soldAED 920K12 November 2024
Current rentAED 72K /yr15 April 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 704, Prive by Damac Tower B

What is 704 worth today?

Last sold for AED 920,000 in 2024

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15 Apr 2025RentedNew contract
AED 72,000/yr12 months · AED 191 per sqft
12 Nov 2024SoldReady
AED 920,000AED 2,469 per sqft
9 Sep 2023RentedNew contract
AED 60,000/yr12 months · AED 159 per sqft
30 Jul 2022RentedNew contract
AED 52,000/yr12 months · AED 140 per sqft
15 Jun 2021RentedNew contract
AED 40,000/yr12 months · AED 106 per sqft
7 Apr 2014Sold by developerOff-plan
AED 968,050AED 2,598 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 April 2025.

Key facts

Type
Studio apartment
Size
373 sqft
Floor
7th of 32
Parking
P2-55
Developer
Namaa Properties Development
Completed
2019
Last sold
AED 920K · November 2024

About 704, Prive by Damac Tower B

704 is a studio of 373 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. It last sold on 12 November 2024 for AED 920,000, or AED 2,469 per sqft, 4% above the AED 2,370 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 15 April 2025, is AED 72,000 a year: a gross yield of 7.8% on the 2024 price.

Sales and rents for 704 over time

Sales
Unit 704, each saleTypical studio in Prive by Damac Tower B
1M2014201820222026Typical 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 2014: AED 968,050 (AED 2,598 per sqft)Sold, November 2024: AED 920,000 (AED 2,469 per sqft)

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

Rents
Unit 704, each contractTypical studio in Prive by Damac Tower B
40K60K80K2020202220242026Typical 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, June 2021: AED 40,000 a yearNew contract, July 2022: AED 52,000 a yearNew contract, September 2023: AED 60,000 a yearNew contract, April 2025: AED 72,000 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 704 sits

All 388 studios →

704 last sold in November 2024 at AED 2,469 per sqft, 4% above what studios in Prive by Damac Tower B were fetching at the time (AED 2,370). 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. 704's AED 72,000 is in the lower 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 7th floor

All 526 units in Prive by Damac Tower B
Value
7011-bedAED 1.23M · Nov 2020
702StudioAED 578K · Aug 2018
703StudioAED 1.05M · Jun 2014
705StudioAED 1.12M · Jun 2014
706StudioAED 1.02M · Jan 2024
707StudioAED 1M · Feb 2024
7082-bedAED 2.5M · Feb 2023
1–7 of 16

704, Prive by Damac Tower B in numbers

  • Sold twice: first on 7 April 2014 for AED 968,050, last on 12 November 2024 for AED 920,000 (AED 2,469 per sqft).
  • Rented since June 2021 on 4 Ejari contracts, from AED 40,000 to AED 72,000 a year.
  • At AED 72,000 a year the gross yield on the 2024 price is 7.8%.
  • 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 15 April 2025.

Questions about 704, Prive by Damac Tower B

What did unit 704 last sell for?

AED 920,000 on 12 November 2024: AED 2,469 per sqft for 373 sqft. The unit has 2 registered sales; the first was AED 968,050 in April 2014.

What is the rent for unit 704?

AED 72,000 a year on the contract signed on 15 April 2025. The previous contract, from September 2023, was AED 60,000; the unit has been rented since June 2021.

How big is unit 704?

373 sqft (34.7 sqm): a studio on the 7th floor of a 32-storey tower completed in 2019.

What is unit 704 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 704, Prive by Damac Tower B

Starts from the last sale price (AED 920K, 12 November 2024). Switch to today's estimate once you have unlocked it.
Price
AED 920,000
Deposit, UAE resident (20%)
AED 184,000
Deposit, non-resident (40%)
AED 368,000
Monthly over 25 years at 3.7%
AED 3,764

Plus AED 43,650 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →