1-bed · 841 sqftMillennium Binghatti Residences, Business Bay · 16th floor · completed 2021

1611, Millennium Binghatti Residences

Sold prices and rental history: sold once, by the developer in June 2019, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1611 · DLD and Ejari recordsUpdated 19 June 2019
Last soldAED 1.52M19 June 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1611, Millennium Binghatti Residences

What is 1611 worth today?

Last sold for AED 1,518,588 in 2019

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19 Jun 2019Sold by developerOff-plan
AED 1,518,588AED 1,804 per sqft

Source: Dubai Land Department. Updated 19 June 2019.

Key facts

Type
1-bed apartment
Size
841 sqft
Floor
16th of 19
Parking
B1-22
Developer
Binghatti
Completed
2021
Service charge
AED 16,200 /yr
Last sold
AED 1.52M · June 2019

About 1611, Millennium Binghatti Residences

1611 is a one-bedroom apartment of 841 sqft on the 16th floor of Millennium Binghatti Residences, a 19-storey tower in Business Bay completed in 2021 by Binghatti. The developer sold it on 19 June 2019 for AED 1,518,588, or AED 1,804 per sqft, 6% above the AED 1,695 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1611 over time

Sales
Unit 1611, each saleTypical one-bed in Millennium Binghatti Residences
1M1.5M20192021202320252027Typical 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, June 2019: AED 1,518,588 (AED 1,804 per sqft)

1611 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1611, each contractTypical one-bed in Millennium Binghatti Residences
80K2021202320252027Typical 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 85,000

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 1611 sits

All 60 1-beds →

1611 last sold in June 2019 at AED 1,804 per sqft, 6% above what one-beds in Millennium Binghatti Residences were fetching at the time (AED 1,695). 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.

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
16012-bedAED 1.14M · Jun 2021
1602StudioAED 600K · Feb 2022
16031-bedAED 1.41M · Jun 2019
16042-bedAED 1.52M · Jun 2021
1605StudioAED 1.13M · Jan 2020
1606StudioAED 589K · Sep 2020
1607StudioAED 670K · Jan 2022
1–7 of 11

1611, Millennium Binghatti Residences in numbers

  • Sold once: by Binghatti on 19 June 2019 for AED 1,518,588, or AED 1,804 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 19 June 2019.

Questions about 1611, Millennium Binghatti Residences

What did unit 1611 last sell for?

AED 1,518,588 on 19 June 2019, sold by the developer: AED 1,804 per sqft for 841 sqft. It is the only registered sale of the unit.

How big is unit 1611?

841 sqft (78.1 sqm): a one-bedroom apartment on the 16th floor of a 19-storey tower completed in 2021.

What is unit 1611 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 1611, Millennium Binghatti Residences

Starts from the last sale price (AED 1.52M, 19 June 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,518,588
Deposit, UAE resident (20%)
AED 303,718
Deposit, non-resident (40%)
AED 607,435
Monthly over 25 years at 3.7%
AED 6,213

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