1612, Millennium Binghatti Residences
Sold prices and rental history: sold once, by the developer in February 2022, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1612, Millennium Binghatti Residences
What is 1612 worth today?
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Source: Dubai Land Department. Updated 10 November 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 1,107 sqft
- Floor
- 16th of 19
- Parking
- B1-23
- Developer
- Binghatti
- Completed
- 2021
- Service charge
- AED 21,300 /yr
- Last sold
- AED 900K · February 2022
- Building
- Millennium Binghatti Residences
About 1612, Millennium Binghatti Residences
1612 is a one-bedroom apartment of 1,107 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 9 February 2022 for AED 900,000, or AED 813 per sqft, 16% below the AED 967 one-beds in the building were fetching at the time.
It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 10 November 2024, is AED 100,000 a year: a gross yield of 11.1% on the 2022 price, before the service charge of about AED 21,300 a year.
Sales and rents for 1612 over time
1612 has sold once; the dashed line is the one-bed median of each year in the building.
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 1612 sits
All 60 1-beds →1612 last sold in February 2022 at AED 813 per sqft, 16% below what one-beds in Millennium Binghatti Residences were fetching at the time (AED 967). 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. 1612's AED 100,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 29 Sep 202629 September 2026 | 1,099 sqft | 1,400,000 | 1,273 | ||
| 13 Aug 202613 August 2026 | 829 sqft | 2,167,000 | 2,614 | ||
| 16 Mar 202616 March 2026 | 1,093 sqft | 1,550,000 | 1,418 | ||
| 6 Feb 20266 February 2026 | 846 sqft | 1,250,000 | 1,478 |
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 | |
| 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, Millennium Binghatti Residences in numbers
- Sold once: by Binghatti on 9 February 2022 for AED 900,000, or AED 813 per sqft.
- Rented since April 2022 on 2 Ejari contracts, from AED 65,000 to AED 100,000 a year.
- At AED 100,000 a year the gross yield on the 2022 price is 11.1%, before a service charge of about AED 21,300 a year (AED 19.21 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 10 November 2024.
Questions about 1612, Millennium Binghatti Residences
What did unit 1612 last sell for?
AED 900,000 on 9 February 2022, sold by the developer: AED 813 per sqft for 1,107 sqft. It is the only registered sale of the unit.
What is the rent for unit 1612?
AED 100,000 a year on the contract signed on 10 November 2024. The previous contract, from April 2022, was AED 65,000.
How big is unit 1612?
1,107 sqft (102.8 sqm): a one-bedroom apartment on the 16th floor of a 19-storey tower completed in 2021.
What is unit 1612 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 1612, Millennium Binghatti Residences
Starts from the last sale price (AED 900K, 9 February 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 900,000
- Deposit, UAE resident (20%)
- AED 180,000
- Deposit, non-resident (40%)
- AED 360,000
- Monthly over 25 years at 3.7%
- AED 3,682
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →