1609, Millennium Binghatti Residences
Sold prices and rental history: sold twice, last in August 2021, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1609, Millennium Binghatti Residences
What is 1609 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 14 March 2026.
Key facts
- Type
- Studio apartment
- Size
- 518 sqft
- Floor
- 16th of 19
- Parking
- B3-24
- Developer
- Binghatti
- Completed
- 2021
- Service charge
- AED 9,900 /yr
- Last sold
- AED 650K · August 2021
- Building
- Millennium Binghatti Residences
About 1609, Millennium Binghatti Residences
1609 is a studio of 518 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 31 August 2021 for AED 650,000, or AED 1,255 per sqft, in line with the AED 1,255 studios in the building were fetching at the time.
It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 14 March 2026, is AED 75,000 a year: a gross yield of 11.5% on the 2021 price, before the service charge of about AED 9,900 a year.
Sales and rents for 1609 over time
1609 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 1609 sits
All 118 studios →1609 last sold in August 2021 at AED 1,255 per sqft, in line with what studios in Millennium Binghatti Residences were fetching at the time (AED 1,255). 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. 1609's AED 75,000 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 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 | |
| 1608 | 2-bed | 1,419 sqft | AED 1.65MAED 1,650,000 · Sep 2022September 2022 | 130,000 /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 |
1609, Millennium Binghatti Residences in numbers
- Sold twice: first on 4 February 2021 for AED 466,938, last on 31 August 2021 for AED 650,000 (AED 1,255 per sqft).
- Rented since December 2021 on 5 Ejari contracts, from AED 52,000 to AED 75,000 a year.
- At AED 75,000 a year the gross yield on the 2021 price is 11.5%, before a service charge of about AED 9,900 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 14 March 2026.
Questions about 1609, Millennium Binghatti Residences
What did unit 1609 last sell for?
AED 650,000 on 31 August 2021: AED 1,255 per sqft for 518 sqft. The unit has 2 registered sales; the first was AED 466,938 in February 2021.
What is the rent for unit 1609?
AED 75,000 a year on the contract signed on 14 March 2026. The previous contract, from March 2025, was AED 75,000; the unit has been rented since December 2021.
How big is unit 1609?
518 sqft (48.1 sqm): a studio on the 16th floor of a 19-storey tower completed in 2021.
What is unit 1609 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.
Selling 1609? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 1609, Millennium Binghatti Residences
Starts from the last sale price (AED 650K, 31 August 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 650,000
- Deposit, UAE resident (20%)
- AED 130,000
- Deposit, non-resident (40%)
- AED 260,000
- Monthly over 25 years at 3.7%
- AED 2,659
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →