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Studio · 485 sqftOrchid B, Damac Hills · 7th floor · completed 2018

B703, Orchid B

Sold prices and rental history: sold once, by the developer in November 2017, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit B703 · DLD and Ejari recordsUpdated 21 November 2023
Last soldAED 688K13 November 2017
Current rentAED 45K /yr21 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for B703, Orchid B

What is B703 worth today?

Last sold for AED 688,000 in 2017

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21 Nov 2023RentedNew contract
AED 45,000/yr12 months · AED 93 per sqft
7 Nov 2022RentedNew contract
AED 28,000/yr12 months · AED 58 per sqft
15 Oct 2021RentedNew contract
AED 25,000/yr12 months · AED 52 per sqft
15 Jul 2020RentedRenewal
AED 28,000/yr12 months · AED 58 per sqft
15 Jul 2019RentedNew contract
AED 32,000/yr12 months · AED 66 per sqft
13 Nov 2017Sold by developerOff-plan
AED 688,000AED 1,418 per sqft

Source: Dubai Land Department. Updated 21 November 2023.

Key facts

Type
Studio apartment
Size
485 sqft
Floor
7th of 8
Parking
UP-11
Developer
DAMAC
Completed
2018
Service charge
AED 7,100 /yr
Last sold
AED 688K · November 2017
Building
Orchid B

About B703, Orchid B

B703 is a studio of 485 sqft on the 7th floor of Orchid B, a 8-storey tower in Damac Hills completed in 2018 by DAMAC. The developer sold it on 13 November 2017 for AED 688,000, or AED 1,418 per sqft.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, signed on 21 November 2023, is AED 45,000 a year: a gross yield of 6.5% on the 2017 price, before the service charge of about AED 7,100 a year.

Sales and rents for B703 over time

Sales
Unit B703, 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, November 2017: AED 688,000 (AED 1,418 per sqft)

B703 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit B703, each contractTypical studio in Orchid B
20K40K60K20192021202320252027Typical 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, July 2019: AED 32,000 a yearRenewal, July 2020: AED 28,000 a yearNew contract, October 2021: AED 25,000 a yearNew contract, November 2022: AED 28,000 a yearNew contract, November 2023: AED 45,000 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 B703 sits

All 25 studios →

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. B703's AED 45,000 is at the bottom 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 7th floor

All 84 units in Orchid B
Value
B701A1-bedAED 1.24M · Dec 2022
B701BStudioAED 622K · Apr 2014
B702A2-bedAED 1.42M · Dec 2021
B702BStudioAED 475K · May 2024
B7042-bedAED 1.44M · Feb 2020
B7051-bedAED 1.09M · Apr 2014
B7061-bedAED 1.17M · Jun 2014
1–7 of 10

B703, Orchid B in numbers

  • Sold once: by DAMAC on 13 November 2017 for AED 688,000, or AED 1,418 per sqft.
  • Rented since July 2019 on 5 Ejari contracts. The rent fell from AED 32,000 to AED 25,000 in 2021 and recovered to AED 45,000 by November 2023.
  • At AED 45,000 a year the gross yield on the 2017 price is 6.5%, before a service charge of about AED 7,100 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 21 November 2023.

Questions about B703, Orchid B

What did unit B703 last sell for?

AED 688,000 on 13 November 2017, sold by the developer: AED 1,418 per sqft for 485 sqft. It is the only registered sale of the unit.

What is the rent for unit B703?

AED 45,000 a year on the contract signed on 21 November 2023. The previous contract, from November 2022, was AED 28,000; the unit has been rented since July 2019.

How big is unit B703?

485 sqft (45.1 sqm): a studio on the 7th floor of a 8-storey tower completed in 2018.

What is unit B703 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 B703, Orchid B

Starts from the last sale price (AED 688K, 13 November 2017). Switch to today's estimate once you have unlocked it.
Price
AED 688,000
Deposit, UAE resident (20%)
AED 137,600
Deposit, non-resident (40%)
AED 275,200
Monthly over 25 years at 3.7%
AED 2,815

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