1502, Millennium Binghatti Residences
Sold prices and rental history: sold twice, last in September 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1502, Millennium Binghatti Residences
What is 1502 worth today?
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Source: Dubai Land Department. Updated 23 September 2024.
Key facts
- Type
- Studio apartment
- Size
- 529 sqft
- Floor
- 15th of 19
- Parking
- B2-09
- Developer
- Binghatti
- Completed
- 2021
- Service charge
- AED 10,200 /yr
- Last sold
- AED 840K · September 2024
- Building
- Millennium Binghatti Residences
About 1502, Millennium Binghatti Residences
1502 is a studio of 529 sqft on the 15th floor of Millennium Binghatti Residences, a 19-storey tower in Business Bay completed in 2021 by Binghatti. It last sold on 23 September 2024 for AED 840,000, or AED 1,587 per sqft, 13% below the AED 1,824 studios in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 20 February 2024, is AED 60,000 a year: a gross yield of 7.1% on the 2024 price, before the service charge of about AED 10,200 a year.
Sales and rents for 1502 over time
1502 has sold twice; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Millennium Binghatti Residences, and where 1502 sits
All 118 studios →1502 last sold in September 2024 at AED 1,587 per sqft, 13% below what studios in Millennium Binghatti Residences were fetching at the time (AED 1,824). Over the last 12 months studios sold for AED 725,000 to 1,150,000, around AED 1,801 per sqft, and rent for AED 53,000 to 115,000 a year. 1502's AED 60,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 13 Jul 202613 July 2026 | 436 sqft | 900,000 | 2,065 | ||
| 3 Jul 20263 July 2026 | 528 sqft | 1,000,000 | 1,893 | ||
| 24 Apr 202624 April 2026 | 534 sqft | 725,000 | 1,358 | ||
| 11 Mar 202611 March 2026 | 508 sqft | 860,000 | 1,694 |
Millennium Binghatti Residences
Building236 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%
Other units on the 15th floor
All 236 units in Millennium Binghatti Residences| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 2-bed | 1,413 sqft | AED 1.23MAED 1,231,489 · Jun 2021June 2021 | ||
| 1503 | 1-bed | 813 sqft | AED 1.2MAED 1,200,000 · Jan 2026January 2026 | 79,339 /yr | |
| 1504 | 2-bed | 1,448 sqft | AED 1.55MAED 1,549,263 · Jun 2021June 2021 | 100,000 /yr | |
| 1505 | Studio | 534 sqft | AED 1MAED 1,000,000 · Aug 2024August 2024 | 65,000 /yr | |
| 1506 | Studio | 470 sqft | AED 1.01MAED 1,005,720 · Jun 2019June 2019 | ||
| 1507 | Studio | 436 sqft | AED 900KAED 900,000 · Jul 2026July 2026 | ||
| 1508 | 2-bed | 1,358 sqft | AED 1.5MAED 1,500,000 · Jan 2021January 2021 | 114,307 /yr | |
| 1509 | Studio | 508 sqft | AED 950KAED 950,000 · May 2024May 2024 | ||
| 1510 | Studio | 527 sqft | AED 1.06MAED 1,056,638 · Apr 2019April 2019 | ||
| 1511 | 1-bed | 851 sqft | AED 1.49MAED 1,486,424 · Apr 2019April 2019 | ||
| 1512 | 1-bed | 1,103 sqft | AED 1.56MAED 1,562,329 · Aug 2019August 2019 |
1502, Millennium Binghatti Residences in numbers
- Sold twice: first on 15 August 2021 for AED 665,831, last on 23 September 2024 for AED 840,000 (AED 1,587 per sqft).
- Rented since March 2022 on 3 Ejari contracts, from AED 45,000 to AED 60,000 a year.
- At AED 60,000 a year the gross yield on the 2024 price is 7.1%, before a service charge of about AED 10,200 a year (AED 19.21 per sqft).
- Studios in Millennium Binghatti Residences sold for AED 725,000–1,150,000 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 23 September 2024.
Questions about 1502, Millennium Binghatti Residences
What did unit 1502 last sell for?
AED 840,000 on 23 September 2024: AED 1,587 per sqft for 529 sqft. The unit has 2 registered sales; the first was AED 665,831 in August 2021.
What is the rent for unit 1502?
AED 60,000 a year on the contract renewed on 20 February 2024. The previous contract, from February 2023, was AED 60,000; the unit has been rented since March 2022.
How big is unit 1502?
529 sqft (49.1 sqm): a studio on the 15th floor of a 19-storey tower completed in 2021.
What is unit 1502 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Millennium Binghatti Residences sold for AED 725,000 to 1,150,000 in the last 12 months, around AED 1,801 per sqft.
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Mortgage on 1502, Millennium Binghatti Residences
Starts from the last sale price (AED 840K, 23 September 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 840,000
- Deposit, UAE resident (20%)
- AED 168,000
- Deposit, non-resident (40%)
- AED 336,000
- Monthly over 25 years at 3.7%
- AED 3,437
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →