1-bed · 1,058 sqftMillennium Binghatti Residences, Business Bay · 1st floor · completed 2021

109, Millennium Binghatti Residences

Sold prices and rental history: sold once, by the developer in June 2021, and rented once, from October 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 109 · DLD and Ejari recordsUpdated 5 October 2021
Last soldAED 933K16 June 2021
Current rentAED 78K /yr5 October 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 109, Millennium Binghatti Residences

What is 109 worth today?

Last sold for AED 933,295 in 2021

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5 Oct 2021RentedNew contract
AED 78,000/yr13 months · AED 74 per sqft
16 Jun 2021Sold by developerOff-plan
AED 933,295AED 882 per sqft

Source: Dubai Land Department. Updated 5 October 2021.

Key facts

Type
1-bed apartment
Size
1,058 sqft
Floor
1st of 19
Parking
B2-74
Developer
Binghatti
Completed
2021
Service charge
AED 20,300 /yr
Last sold
AED 933K · June 2021

About 109, Millennium Binghatti Residences

109 is a one-bedroom apartment of 1,058 sqft on the 1st floor of Millennium Binghatti Residences, a 19-storey tower in Business Bay completed in 2021 by Binghatti. The developer sold it on 16 June 2021 for AED 933,295, or AED 882 per sqft, 18% below the AED 1,078 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 5 October 2021. The current contract, signed on 5 October 2021, is AED 78,000 a year: a gross yield of 8.4% on the 2021 price, before the service charge of about AED 20,300 a year.

Sales and rents for 109 over time

Sales
Unit 109, each saleTypical one-bed in Millennium Binghatti Residences
1M1.25M1.5M20192021202320252027Typical sale price by year: 2019 AED 1,412,570; 2020 AED 910,000; 2021 AED 917,116; 2022 AED 930,000; 2023 AED 1,150,000; 2024 AED 1,300,000; 2025 AED 1,250,000; 2026 AED 1,400,000Sold by developer, June 2021: AED 933,295 (AED 882 per sqft)

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

Rents
Unit 109, each contractTypical one-bed in Millennium Binghatti Residences
80K2021202320252027Typical rent by year: 2021 AED 72,000; 2022 AED 67,000; 2023 AED 80,000; 2024 AED 84,000; 2025 AED 90,000; 2026 AED 85,000New contract, October 2021: AED 78,000 a year

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

1-beds in Millennium Binghatti Residences, and where 109 sits

All 60 1-beds →

109 last sold in June 2021 at AED 882 per sqft, 18% below what one-beds in Millennium Binghatti Residences were fetching at the time (AED 1,078). Over the last 12 months one-beds sold for AED 1,152,037 to 2,167,000, around AED 1,447 per sqft, and rent for AED 70,000 to 130,000 a year. 109's AED 78,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
29 Sep 20261,400,000
13 Aug 20262,167,000
16 Mar 20261,550,000
6 Feb 20261,250,000
8 1-bed sales in the last 12 months

Millennium Binghatti Residences

Building

236 apartments, studios to 2-bed over 19 floors in Business Bay, completed in 2021 by Binghatti. 17 sold in the last 12 months.

Typical price per sqft
AED 1,478 Down 3.4%
Typical sale
AED 1.25M
Typical rent
AED 75K /yr
Typical yield
8.2%
Millennium Binghatti Residences, Business Bay: prices, sales and rents →
Value
1011-bedAED 935K · Jun 2022
1022-bedAED 1.56M · Aug 2021
103StudioAED 790K · Mar 2022
104StudioAED 550K · Jun 2021
105StudioAED 680K · Jan 2019
1062-bedAED 2.27M · Sep 2019
107StudioAED 650K · Feb 2022
1–7 of 9

109, Millennium Binghatti Residences in numbers

  • Sold once: by Binghatti on 16 June 2021 for AED 933,295, or AED 882 per sqft.
  • Rented since October 2021 on one Ejari contract, at AED 78,000 a year.
  • At AED 78,000 a year the gross yield on the 2021 price is 8.4%, before a service charge of about AED 20,300 a year (AED 19.21 per sqft).
  • One-beds in Millennium Binghatti Residences sold for AED 1,152,037–2,167,000 in the 12 months to November 2026; the building's median across all types is AED 1,478 per sqft.

Source: Dubai Land Department. Updated 5 October 2021.

Questions about 109, Millennium Binghatti Residences

What did unit 109 last sell for?

AED 933,295 on 16 June 2021, sold by the developer: AED 882 per sqft for 1,058 sqft. It is the only registered sale of the unit.

What is the rent for unit 109?

AED 78,000 a year on the contract signed on 5 October 2021.

How big is unit 109?

1,058 sqft (98.3 sqm): a one-bedroom apartment on the 1st floor of a 19-storey tower completed in 2021.

What is unit 109 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Millennium Binghatti Residences sold for AED 1,152,037 to 2,167,000 in the last 12 months, around AED 1,447 per sqft.

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Mortgage on 109, Millennium Binghatti Residences

Starts from the last sale price (AED 933K, 16 June 2021). Switch to today's estimate once you have unlocked it.
Price
AED 933,295
Deposit, UAE resident (20%)
AED 186,659
Deposit, non-resident (40%)
AED 373,318
Monthly over 25 years at 3.7%
AED 3,818

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