2-bed · 1,400 sqftMillennium Binghatti Residences, Business Bay · 7th floor · completed 2021

701, Millennium Binghatti Residences

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

Unit 701 · DLD and Ejari recordsUpdated 18 February 2019
Last soldAED 1.29M18 February 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 701, Millennium Binghatti Residences

What is 701 worth today?

Last sold for AED 1,290,894 in 2019

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18 Feb 2019Sold by developerOff-plan
AED 1,290,894AED 921 per sqft

Source: Dubai Land Department. Updated 18 February 2019.

Key facts

Type
2-bed apartment
Size
1,400 sqft
Floor
7th of 19
Parking
P2-7, P2-8
Developer
Binghatti
Completed
2021
Service charge
AED 26,900 /yr
Last sold
AED 1.29M · February 2019

About 701, Millennium Binghatti Residences

701 is a two-bedroom apartment of 1,400 sqft on the 7th floor of Millennium Binghatti Residences, a 19-storey tower in Business Bay completed in 2021 by Binghatti. The developer sold it on 18 February 2019 for AED 1,290,894, or AED 921 per sqft, in line with the AED 921 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 701 over time

Sales
Unit 701, each saleTypical two-bed in Millennium Binghatti Residences
1.5M2M2018202120242027Typical sale price by year: 2018 AED 1,400,000; 2019 AED 1,290,894; 2020 AED 1,546,478; 2021 AED 1,400,000; 2022 AED 1,300,000; 2023 AED 1,350,000; 2024 AED 1,875,000; 2025 AED 2,050,000; 2026 AED 2,050,000Sold by developer, February 2019: AED 1,290,894 (AED 921 per sqft)

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

Rents
Unit 701, each contractTypical two-bed in Millennium Binghatti Residences
100K120K140K2021202320252027Typical rent by year: 2021 AED 102,500; 2022 AED 100,000; 2023 AED 117,500; 2024 AED 130,000; 2025 AED 142,000; 2026 AED 140,000

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Millennium Binghatti Residences, and where 701 sits

All 62 2-beds →

701 last sold in February 2019 at AED 921 per sqft, in line with what two-beds in Millennium Binghatti Residences were fetching at the time (AED 921). Over the last 12 months two-beds sold for AED 1,590,000 to 2,360,000, around AED 1,462 per sqft, and rent for AED 94,426 to 260,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
23 Jul 20261,590,000
8 May 20262,050,000
6 Feb 20262,360,000
27 Oct 20252,550,000
3 2-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
702StudioAED 650K · Jul 2022
7031-bedAED 850K · Aug 2021
7042-bedAED 1.35M · Sep 2021
705StudioAED 800K · Nov 2018
706StudioAED 670K · Apr 2019
707StudioAED 700K · Nov 2021
7082-bedAED 1.29M · Mar 2023
1–7 of 11

701, Millennium Binghatti Residences in numbers

  • Sold once: by Binghatti on 18 February 2019 for AED 1,290,894, or AED 921 per sqft.
  • Two-beds in Millennium Binghatti Residences sold for AED 1,590,000–2,360,000 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 18 February 2019.

Questions about 701, Millennium Binghatti Residences

What did unit 701 last sell for?

AED 1,290,894 on 18 February 2019, sold by the developer: AED 921 per sqft for 1,400 sqft. It is the only registered sale of the unit.

How big is unit 701?

1,400 sqft (130.1 sqm): a two-bedroom apartment on the 7th floor of a 19-storey tower completed in 2021.

What is unit 701 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Millennium Binghatti Residences sold for AED 1,590,000 to 2,360,000 in the last 12 months, around AED 1,462 per sqft.

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Mortgage on 701, Millennium Binghatti Residences

Starts from the last sale price (AED 1.29M, 18 February 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,290,894
Deposit, UAE resident (20%)
AED 258,179
Deposit, non-resident (40%)
AED 516,358
Monthly over 25 years at 3.7%
AED 5,281

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