2-bed · 1,399 sqftMillennium Binghatti Residences, Business Bay · 14th floor · completed 2021

1401, Millennium Binghatti Residences

Sold prices and rental history: sold 3 times, last in July 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1401 · DLD and Ejari recordsUpdated 10 July 2023
Last soldAED 1.35M10 July 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1401, Millennium Binghatti Residences

What is 1401 worth today?

Last sold for AED 1,350,000 in 2023

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10 Jul 2023SoldReady
AED 1,350,000AED 965 per sqft
2 Jun 2022SoldReady
AED 1,200,000AED 857 per sqft
5 Jan 2021Sold by developerOff-plan
AED 1,130,000AED 807 per sqft

Source: Dubai Land Department. Updated 10 July 2023.

Key facts

Type
2-bed apartment
Size
1,399 sqft
Floor
14th of 19
Parking
P1-09, P1-31
Developer
Binghatti
Completed
2021
Service charge
AED 26,900 /yr
Last sold
AED 1.35M · July 2023

About 1401, Millennium Binghatti Residences

1401 is a two-bedroom apartment of 1,399 sqft on the 14th floor of Millennium Binghatti Residences, a 19-storey tower in Business Bay completed in 2021 by Binghatti. It last sold on 10 July 2023 for AED 1,350,000, or AED 965 per sqft, in line with the AED 955 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1401 over time

Sales
Unit 1401, each saleTypical two-bed in Millennium Binghatti Residences
1M1.5M2M2018202120242027Typical sale price by year: 2018 AED 1,400,000; 2019 AED 1,290,894; 2020 AED 1,546,478; 2021 AED 1,400,000; 2022 AED 1,300,000; 2023 AED 1,350,000; 2024 AED 1,875,000; 2025 AED 2,050,000; 2026 AED 2,050,000Sold by developer, January 2021: AED 1,130,000 (AED 807 per sqft)Sold, June 2022: AED 1,200,000 (AED 857 per sqft)Sold, July 2023: AED 1,350,000 (AED 965 per sqft)

1401 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1401, each contractTypical two-bed in Millennium Binghatti Residences
100K120K140K2021202320252027Typical rent by year: 2021 AED 102,500; 2022 AED 100,000; 2023 AED 117,500; 2024 AED 130,000; 2025 AED 142,000; 2026 AED 140,000

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

2-beds in Millennium Binghatti Residences, and where 1401 sits

All 62 2-beds →

1401 last sold in July 2023 at AED 965 per sqft, in line with what two-beds in Millennium Binghatti Residences were fetching at the time (AED 955). Over the last 12 months two-beds sold for AED 1,590,000 to 2,360,000, around AED 1,462 per sqft, and rent for AED 94,426 to 260,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
23 Jul 20261,590,000
8 May 20262,050,000
6 Feb 20262,360,000
27 Oct 20252,550,000
3 2-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
1402StudioAED 1M · Feb 2020
14031-bedAED 1.4M · Jun 2019
14042-bedAED 1.54M · Mar 2021
1405StudioAED 1M · Jul 2026
1406StudioAED 963K · Apr 2019
1407StudioAED 1M · Jul 2019
14082-bedAED 1.59M · Nov 2020
1–7 of 11

1401, Millennium Binghatti Residences in numbers

  • Sold 3 times: first on 5 January 2021 for AED 1,130,000, last on 10 July 2023 for AED 1,350,000 (AED 965 per sqft).
  • Two-beds in Millennium Binghatti Residences sold for AED 1,590,000–2,360,000 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 10 July 2023.

Questions about 1401, Millennium Binghatti Residences

What did unit 1401 last sell for?

AED 1,350,000 on 10 July 2023: AED 965 per sqft for 1,399 sqft. The unit has 3 registered sales; the first was AED 1,130,000 in January 2021.

How big is unit 1401?

1,399 sqft (130.0 sqm): a two-bedroom apartment on the 14th floor of a 19-storey tower completed in 2021.

What is unit 1401 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Millennium Binghatti Residences sold for AED 1,590,000 to 2,360,000 in the last 12 months, around AED 1,462 per sqft.

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Mortgage on 1401, Millennium Binghatti Residences

Starts from the last sale price (AED 1.35M, 10 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,350,000
Deposit, UAE resident (20%)
AED 270,000
Deposit, non-resident (40%)
AED 540,000
Monthly over 25 years at 3.7%
AED 5,523

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