1-bed · 819 sqftMillennium Binghatti Residences, Business Bay · 11th floor · completed 2021

1103, Millennium Binghatti Residences

Sold prices and rental history: sold once, by the developer in October 2021, and rented once, from March 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1103 · DLD and Ejari recordsUpdated 15 March 2023
Last soldAED 930K10 October 2021
Current rentAED 100K /yr15 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1103, Millennium Binghatti Residences

What is 1103 worth today?

Last sold for AED 930,000 in 2021

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15 Mar 2023RentedNew contract
AED 100,000/yr12 months · AED 122 per sqft
10 Oct 2021Sold by developerReady
AED 930,000AED 1,135 per sqft

Source: Dubai Land Department. Updated 15 March 2023.

Key facts

Type
1-bed apartment
Size
819 sqft
Floor
11th of 19
Parking
P1-16
Developer
Binghatti
Completed
2021
Service charge
AED 15,700 /yr
Last sold
AED 930K · October 2021

About 1103, Millennium Binghatti Residences

1103 is a one-bedroom apartment of 819 sqft on the 11th floor of Millennium Binghatti Residences, a 19-storey tower in Business Bay completed in 2021 by Binghatti. The developer sold it on 10 October 2021 for AED 930,000, or AED 1,135 per sqft, 14% above the AED 993 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 15 March 2023. The current contract, signed on 15 March 2023, is AED 100,000 a year: a gross yield of 10.8% on the 2021 price, before the service charge of about AED 15,700 a year.

Sales and rents for 1103 over time

Sales
Unit 1103, 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, October 2021: AED 930,000 (AED 1,135 per sqft)

1103 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1103, each contractTypical one-bed in Millennium Binghatti Residences
80K100K2021202320252027Typical 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, March 2023: AED 100,000 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 1103 sits

All 60 1-beds →

1103 last sold in October 2021 at AED 1,135 per sqft, 14% above what one-beds in Millennium Binghatti Residences were fetching at the time (AED 993). 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. 1103's AED 100,000 is in the upper 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
11012-bedAED 1.2M · Oct 2024
1102StudioAED 624K · Aug 2021
11042-bedAED 1.6M · May 2022
1105StudioAED 925K · Nov 2024
1106StudioAED 1.05M · May 2024
1107StudioAED 650K · Feb 2020
11082-bedAED 1.58M · Nov 2022
1–7 of 11

1103, Millennium Binghatti Residences in numbers

  • Sold once: by Binghatti on 10 October 2021 for AED 930,000, or AED 1,135 per sqft.
  • Rented since March 2023 on one Ejari contract, at AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2021 price is 10.8%, before a service charge of about AED 15,700 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 15 March 2023.

Questions about 1103, Millennium Binghatti Residences

What did unit 1103 last sell for?

AED 930,000 on 10 October 2021, sold by the developer: AED 1,135 per sqft for 819 sqft. It is the only registered sale of the unit.

What is the rent for unit 1103?

AED 100,000 a year on the contract signed on 15 March 2023.

How big is unit 1103?

819 sqft (76.1 sqm): a one-bedroom apartment on the 11th floor of a 19-storey tower completed in 2021.

What is unit 1103 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 1103, Millennium Binghatti Residences

Starts from the last sale price (AED 930K, 10 October 2021). Switch to today's estimate once you have unlocked it.
Price
AED 930,000
Deposit, UAE resident (20%)
AED 186,000
Deposit, non-resident (40%)
AED 372,000
Monthly over 25 years at 3.7%
AED 3,805

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