506, Millennium Binghatti Residences
Sold prices and rental history: sold twice, last in July 2025, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Millennium Binghatti Residences
What is 506 worth today?
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Source: Dubai Land Department. Updated 4 July 2025.
Key facts
- Type
- Studio apartment
- Size
- 460 sqft
- Floor
- 5th of 19
- Parking
- B3-41
- Developer
- Binghatti
- Completed
- 2021
- Service charge
- AED 8,800 /yr
- Last sold
- AED 1M · July 2025
- Building
- Millennium Binghatti Residences
About 506, Millennium Binghatti Residences
506 is a studio of 460 sqft on the 5th floor of Millennium Binghatti Residences, a 19-storey tower in Business Bay completed in 2021 by Binghatti. It last sold on 4 July 2025 for AED 1,000,000, or AED 2,175 per sqft, 21% above the AED 1,795 studios in the building were fetching at the time.
It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 23 October 2023, is AED 99,024 a year: a gross yield of 9.9% on the 2025 price, before the service charge of about AED 8,800 a year.
Sales and rents for 506 over time
506 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 506 sits
All 118 studios →506 last sold in July 2025 at AED 2,175 per sqft, 21% above what studios in Millennium Binghatti Residences were fetching at the time (AED 1,795). 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. 506's AED 99,024 is in the upper 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 | |
| 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 | |
| 505 | Studio | 550 sqft | AED 720KAED 720,000 · Jan 2020January 2020 | 44,000 /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 |
506, Millennium Binghatti Residences in numbers
- Sold twice: first on 20 November 2019 for AED 660,000, last on 4 July 2025 for AED 1,000,000 (AED 2,175 per sqft).
- Rented since June 2022 on 2 Ejari contracts, from AED 65,000 to AED 99,024 a year.
- At AED 99,024 a year the gross yield on the 2025 price is 9.9%, before a service charge of about AED 8,800 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 4 July 2025.
Questions about 506, Millennium Binghatti Residences
What did unit 506 last sell for?
AED 1,000,000 on 4 July 2025: AED 2,175 per sqft for 460 sqft. The unit has 2 registered sales; the first was AED 660,000 in November 2019.
What is the rent for unit 506?
AED 99,024 a year on the contract signed on 23 October 2023. The previous contract, from June 2022, was AED 65,000.
How big is unit 506?
460 sqft (42.7 sqm): a studio on the 5th floor of a 19-storey tower completed in 2021.
What is unit 506 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 506, Millennium Binghatti Residences
Starts from the last sale price (AED 1M, 4 July 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 1,000,000
- Deposit, UAE resident (20%)
- AED 200,000
- Deposit, non-resident (40%)
- AED 400,000
- Monthly over 25 years at 3.7%
- AED 4,091
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →