Studio · 524 sqftOrchid B, Damac Hills · 4th floor · completed 2018

B406, Orchid B

Sold prices and rental history: sold 3 times, last in January 2024, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit B406 · DLD and Ejari recordsUpdated 29 February 2024
Last soldAED 558K31 January 2024
Current rentAED 55K /yr29 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for B406, Orchid B

What is B406 worth today?

Last sold for AED 557,500 in 2024

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29 Feb 2024RentedNew contract
AED 55,000/yr12 months · AED 104 per sqft
31 Jan 2024SoldReady
AED 557,500AED 1,063 per sqft
20 Feb 2023SoldReady
AED 475,000AED 905 per sqft
13 May 2020RentedRenewal
AED 32,000/yr12 months · AED 61 per sqft
13 May 2019RentedNew contract
AED 32,000/yr12 months · AED 61 per sqft
27 May 2014Sold by developerOff-plan
AED 772,800AED 1,473 per sqft

Source: Dubai Land Department. Updated 29 February 2024.

Key facts

Type
Studio apartment
Size
524 sqft
Floor
4th of 8
Parking
UG-2
Developer
DAMAC
Completed
2018
Service charge
AED 7,700 /yr
Last sold
AED 558K · January 2024
Building
Orchid B

About B406, Orchid B

B406 is a studio of 524 sqft on the 4th floor of Orchid B, a 8-storey tower in Damac Hills completed in 2018 by DAMAC. It last sold on 31 January 2024 for AED 557,500, or AED 1,063 per sqft, 26% below the AED 1,437 studios in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 29 February 2024, is AED 55,000 a year: a gross yield of 9.9% on the 2024 price, before the service charge of about AED 7,700 a year.

Sales and rents for B406 over time

Sales
Unit B406, each saleTypical studio in Orchid B
400K600K800K2014201720202023Typical sale price by year: 2014 AED 724,850; 2017 AED 688,000; 2022 AED 444,500; 2023 AED 754,000; 2024 AED 500,000Sold by developer, May 2014: AED 772,800 (AED 1,473 per sqft)Sold, February 2023: AED 475,000 (AED 905 per sqft)Sold, January 2024: AED 557,500 (AED 1,063 per sqft)

B406 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit B406, each contractTypical studio in Orchid B
40K60K20192021202320252027Typical rent by year: 2019 AED 33,000; 2020 AED 28,000; 2021 AED 27,000; 2022 AED 28,000; 2023 AED 34,906; 2024 AED 45,000; 2025 AED 43,500; 2026 AED 55,000New contract, May 2019: AED 32,000 a yearRenewal, May 2020: AED 32,000 a yearNew contract, February 2024: AED 55,000 a year

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

Studios in Orchid B, and where B406 sits

All 25 studios →

B406 last sold in January 2024 at AED 1,063 per sqft, 26% below what studios in Orchid B were fetching at the time (AED 1,437). Over the last 12 months studios sold for AED 490,000, around AED 1,514 per sqft, and rent for AED 53,000 to 55,000 a year. B406's AED 55,000 is at the top of that range.

Recent studio salesUnit no.Price (AED)Summary
11 Feb 2026490,000
26 Jun 2025342,000
12 Dec 2024500,000
19 Nov 2024882,000
1 studio sale in the last 12 months

Orchid B

Building

84 apartments, studios to 3-bed over 8 floors in Damac Hills, completed in 2018 by DAMAC. 3 sold in the last 12 months.

Typical price per sqft
AED 1,244
Typical sale
AED 960K
Typical rent
AED 69K /yr
Typical yield
7.6%
Orchid B, Damac Hills: prices, sales and rents →

Other units on the 4th floor

All 84 units in Orchid B
Value
B4012-bedAED 1.38M · Apr 2022
B402A2-bedAED 1.31M · Jan 2021
B402BStudioAED 420K · Aug 2024
B4031-bedAED 980K · Apr 2014
B404StudioAED 755K · Apr 2014
B405StudioAED 788K · Apr 2014
B4071-bedAED 625K · Aug 2021
1–7 of 12

B406, Orchid B in numbers

  • Sold 3 times: first on 27 May 2014 for AED 772,800, last on 31 January 2024 for AED 557,500 (AED 1,063 per sqft).
  • Rented since May 2019 on 3 Ejari contracts, from AED 32,000 to AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2024 price is 9.9%, before a service charge of about AED 7,700 a year (AED 14.68 per sqft).
  • Studios in Orchid B sold for AED 490,000–490,000 in the 12 months to November 2026; the building's median across all types is AED 1,244 per sqft.

Source: Dubai Land Department. Updated 29 February 2024.

Questions about B406, Orchid B

What did unit B406 last sell for?

AED 557,500 on 31 January 2024: AED 1,063 per sqft for 524 sqft. The unit has 3 registered sales; the first was AED 772,800 in May 2014.

What is the rent for unit B406?

AED 55,000 a year on the contract signed on 29 February 2024. The previous contract, from May 2020, was AED 32,000; the unit has been rented since May 2019.

How big is unit B406?

524 sqft (48.7 sqm): a studio on the 4th floor of a 8-storey tower completed in 2018.

What is unit B406 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Orchid B sold for AED 490,000 to 490,000 in the last 12 months, around AED 1,514 per sqft.

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Mortgage on B406, Orchid B

Starts from the last sale price (AED 558K, 31 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 557,500
Deposit, UAE resident (20%)
AED 111,500
Deposit, non-resident (40%)
AED 223,000
Monthly over 25 years at 3.7%
AED 2,281

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →