502, Millennium Binghatti Residences
Sold prices and rental history: sold once, by the developer in June 2021, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 502, Millennium Binghatti Residences
What is 502 worth today?
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Source: Dubai Land Department. Updated 1 March 2026.
Key facts
- Type
- Studio apartment
- Size
- 525 sqft
- Floor
- 5th of 19
- Parking
- P1-50
- Developer
- Binghatti
- Completed
- 2021
- Service charge
- AED 10,100 /yr
- Last sold
- AED 650K · June 2021
- Building
- Millennium Binghatti Residences
About 502, Millennium Binghatti Residences
502 is a studio of 525 sqft on the 5th floor of Millennium Binghatti Residences, a 19-storey tower in Business Bay completed in 2021 by Binghatti. The developer sold it on 15 June 2021 for AED 650,000, or AED 1,237 per sqft, in line with the AED 1,239 studios in the building were fetching at the time.
It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, renewed on 1 March 2026, is AED 71,400 a year: a gross yield of 11.0% on the 2021 price, before the service charge of about AED 10,100 a year.
Sales and rents for 502 over time
502 has sold once; 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 502 sits
All 118 studios →502 last sold in June 2021 at AED 1,237 per sqft, in line with what studios in Millennium Binghatti Residences were fetching at the time (AED 1,239). 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. 502's AED 71,400 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 5th floor
All 236 units in Millennium Binghatti Residences| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,398 sqft | AED 1.1MAED 1,100,000 · Oct 2021October 2021 | 135,000 /yr | |
| 503 | 1-bed | 857 sqft | AED 1.4MAED 1,400,000 · Jan 2026January 2026 | ||
| 504 | 2-bed | 1,448 sqft | AED 1.56MAED 1,562,000 · Jun 2021June 2021 | 130,000 /yr | |
| 505 | Studio | 550 sqft | AED 720KAED 720,000 · Jan 2020January 2020 | 44,000 /yr | |
| 506 | Studio | 460 sqft | AED 1MAED 1,000,000 · Jul 2025July 2025 | 99,024 /yr | |
| 507 | Studio | 452 sqft | AED 684KAED 684,262 · Apr 2019April 2019 | 44,000 /yr | |
| 508 | 2-bed | 1,425 sqft | AED 2.2MAED 2,200,000 · Aug 2024August 2024 | ||
| 509 | Studio | 538 sqft | AED 600KAED 600,000 · Feb 2022February 2022 | 75,000 /yr | |
| 510 | Studio | 542 sqft | AED 1.02MAED 1,023,146 · Apr 2019April 2019 | ||
| 511 | 1-bed | 835 sqft | AED 1MAED 1,000,000 · Sep 2021September 2021 | ||
| 512 | 1-bed | 1,099 sqft | AED 1.4MAED 1,400,000 · Sep 2026September 2026 | 115,000 /yr |
502, Millennium Binghatti Residences in numbers
- Sold once: by Binghatti on 15 June 2021 for AED 650,000, or AED 1,237 per sqft.
- Rented since March 2022 on 5 Ejari contracts, from AED 42,000 to AED 71,400 a year.
- At AED 71,400 a year the gross yield on the 2021 price is 11.0%, before a service charge of about AED 10,100 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 1 March 2026.
Questions about 502, Millennium Binghatti Residences
What did unit 502 last sell for?
AED 650,000 on 15 June 2021, sold by the developer: AED 1,237 per sqft for 525 sqft. It is the only registered sale of the unit.
What is the rent for unit 502?
AED 71,400 a year on the contract renewed on 1 March 2026. The previous contract, from March 2025, was AED 58,000; the unit has been rented since March 2022.
How big is unit 502?
525 sqft (48.8 sqm): a studio on the 5th floor of a 19-storey tower completed in 2021.
What is unit 502 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 502, Millennium Binghatti Residences
Starts from the last sale price (AED 650K, 15 June 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 →