505, Millennium Binghatti Residences
Sold prices and rental history: sold once, by the developer in January 2020, and rented once, from March 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, Millennium Binghatti Residences
What is 505 worth today?
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Source: Dubai Land Department. Updated 3 March 2022.
Key facts
- Type
- Studio apartment
- Size
- 550 sqft
- Floor
- 5th of 19
- Parking
- B3-42
- Developer
- Binghatti
- Completed
- 2021
- Service charge
- AED 10,600 /yr
- Last sold
- AED 720K · January 2020
- Building
- Millennium Binghatti Residences
About 505, Millennium Binghatti Residences
505 is a studio of 550 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 7 January 2020 for AED 720,000, or AED 1,308 per sqft, 25% below the AED 1,752 studios in the building were fetching at the time.
One Ejari contract is registered, from 3 March 2022. The current contract, signed on 3 March 2022, is AED 44,000 a year: a gross yield of 6.1% on the 2020 price, before the service charge of about AED 10,600 a year.
Sales and rents for 505 over time
505 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 505 sits
All 118 studios →505 last sold in January 2020 at AED 1,308 per sqft, 25% below what studios in Millennium Binghatti Residences were fetching at the time (AED 1,752). 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. 505's AED 44,000 is at the bottom 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 | |
| 502 | Studio | 525 sqft | AED 650KAED 650,000 · Jun 2021June 2021 | 71,400 /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 | |
| 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 |
505, Millennium Binghatti Residences in numbers
- Sold once: by Binghatti on 7 January 2020 for AED 720,000, or AED 1,308 per sqft.
- Rented since March 2022 on one Ejari contract, at AED 44,000 a year.
- At AED 44,000 a year the gross yield on the 2020 price is 6.1%, before a service charge of about AED 10,600 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 3 March 2022.
Questions about 505, Millennium Binghatti Residences
What did unit 505 last sell for?
AED 720,000 on 7 January 2020, sold by the developer: AED 1,308 per sqft for 550 sqft. It is the only registered sale of the unit.
What is the rent for unit 505?
AED 44,000 a year on the contract signed on 3 March 2022.
How big is unit 505?
550 sqft (51.1 sqm): a studio on the 5th floor of a 19-storey tower completed in 2021.
What is unit 505 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 505, Millennium Binghatti Residences
Starts from the last sale price (AED 720K, 7 January 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 720,000
- Deposit, UAE resident (20%)
- AED 144,000
- Deposit, non-resident (40%)
- AED 288,000
- Monthly over 25 years at 3.7%
- AED 2,946
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →