1608, Millennium Binghatti Residences
Sold prices and rental history: sold 4 times, last in September 2022, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1608, Millennium Binghatti Residences
What is 1608 worth today?
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Source: Dubai Land Department. Updated 18 May 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,419 sqft
- Floor
- 16th of 19
- Parking
- B1-15
- Developer
- Binghatti
- Completed
- 2021
- Service charge
- AED 27,300 /yr
- Last sold
- AED 1.65M · September 2022
- Building
- Millennium Binghatti Residences
About 1608, Millennium Binghatti Residences
1608 is a two-bedroom apartment of 1,419 sqft on the 16th floor of Millennium Binghatti Residences, a 19-storey tower in Business Bay completed in 2021 by Binghatti. It last sold on 26 September 2022 for AED 1,650,000, or AED 1,163 per sqft, 33% above the AED 874 two-beds in the building were fetching at the time.
It has been rented since 2023 on 2 Ejari contracts. The current contract, renewed on 18 May 2024, is AED 130,000 a year: a gross yield of 7.9% on the 2022 price, before the service charge of about AED 27,300 a year.
Sales and rents for 1608 over time
1608 has sold 4 times; the dashed line is the two-bed median of each year in the building.
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 1608 sits
All 62 2-beds →1608 last sold in September 2022 at AED 1,163 per sqft, 33% above what two-beds in Millennium Binghatti Residences were fetching at the time (AED 874). 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. 1608's AED 130,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 23 Jul 202623 July 2026 | 1,393 sqft | 1,590,000 | 1,141 | ||
| 8 May 20268 May 2026 | 1,402 sqft | 2,050,000 | 1,462 | ||
| 6 Feb 20266 February 2026 | 1,428 sqft | 2,360,000 | 1,652 | ||
| 27 Oct 202527 October 2025 | 1,310 sqft | 2,550,000 | 1,947 |
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 16th floor
All 236 units in Millennium Binghatti Residences| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 2-bed | 1,414 sqft | AED 1.14MAED 1,138,634 · Jun 2021June 2021 | 115,000 /yr | |
| 1602 | Studio | 523 sqft | AED 600KAED 600,000 · Feb 2022February 2022 | 70,000 /yr | |
| 1603 | 1-bed | 822 sqft | AED 1.41MAED 1,412,570 · Jun 2019June 2019 | 85,000 /yr | |
| 1604 | 2-bed | 1,448 sqft | AED 1.52MAED 1,515,490 · Jun 2021June 2021 | ||
| 1605 | Studio | 541 sqft | AED 1.13MAED 1,133,584 · Jan 2020January 2020 | ||
| 1606 | Studio | 465 sqft | AED 589KAED 588,704 · Sep 2020September 2020 | ||
| 1607 | Studio | 443 sqft | AED 670KAED 670,000 · Jan 2022January 2022 | 64,000 /yr | |
| 1609 | Studio | 518 sqft | AED 650KAED 650,000 · Aug 2021August 2021 | 75,000 /yr | |
| 1610 | Studio | 527 sqft | AED 620KAED 620,000 · Nov 2021November 2021 | ||
| 1611 | 1-bed | 841 sqft | AED 1.52MAED 1,518,588 · Jun 2019June 2019 | ||
| 1612 | 1-bed | 1,107 sqft | AED 900KAED 900,000 · Feb 2022February 2022 | 100,000 /yr |
1608, Millennium Binghatti Residences in numbers
- Sold 4 times: first on 26 August 2021 for AED 1,526,000, last on 26 September 2022 for AED 1,650,000 (AED 1,163 per sqft).
- Rented since May 2023 on 2 Ejari contracts, from AED 120,000 to AED 130,000 a year.
- At AED 130,000 a year the gross yield on the 2022 price is 7.9%, before a service charge of about AED 27,300 a year (AED 19.21 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 18 May 2024.
Questions about 1608, Millennium Binghatti Residences
What did unit 1608 last sell for?
AED 1,650,000 on 26 September 2022: AED 1,163 per sqft for 1,419 sqft. The unit has 4 registered sales; the first was AED 1,526,000 in August 2021.
What is the rent for unit 1608?
AED 130,000 a year on the contract renewed on 18 May 2024. The previous contract, from May 2023, was AED 120,000.
How big is unit 1608?
1,419 sqft (131.8 sqm): a two-bedroom apartment on the 16th floor of a 19-storey tower completed in 2021.
What is unit 1608 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 1608, Millennium Binghatti Residences
Starts from the last sale price (AED 1.65M, 26 September 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,650,000
- Deposit, UAE resident (20%)
- AED 330,000
- Deposit, non-resident (40%)
- AED 660,000
- Monthly over 25 years at 3.7%
- AED 6,751
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →