Studio · 552 sqftMillennium Binghatti Residences, Business Bay · 7th floor · completed 2021

702, Millennium Binghatti Residences

Sold prices and rental history: sold once, by the developer in July 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 702 · DLD and Ejari recordsUpdated 5 July 2022
Last soldAED 650K5 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 702, Millennium Binghatti Residences

What is 702 worth today?

Last sold for AED 650,000 in 2022

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5 Jul 2022Sold by developerReady
AED 650,000AED 1,178 per sqft

Source: Dubai Land Department. Updated 5 July 2022.

Key facts

Type
Studio apartment
Size
552 sqft
Floor
7th of 19
Parking
B3-31
Developer
Binghatti
Completed
2021
Service charge
AED 10,600 /yr
Last sold
AED 650K · July 2022

About 702, Millennium Binghatti Residences

702 is a studio of 552 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 5 July 2022 for AED 650,000, or AED 1,178 per sqft, in line with the AED 1,187 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 702 over time

Sales
Unit 702, each saleTypical studio in Millennium Binghatti Residences
600K800K1M2018202120242027Typical sale price by year: 2018 AED 768,500; 2019 AED 962,598; 2020 AED 682,000; 2021 AED 650,000; 2022 AED 602,500; 2023 AED 900,000; 2024 AED 950,000; 2025 AED 939,500; 2026 AED 900,000Sold by developer, July 2022: AED 650,000 (AED 1,178 per sqft)

702 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 702, each contractTypical studio in Millennium Binghatti Residences
60K2021202320252027Typical rent by year: 2021 AED 47,000; 2022 AED 50,000; 2023 AED 60,000; 2024 AED 70,000; 2025 AED 72,265; 2026 AED 67,000

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 702 sits

All 118 studios →

702 last sold in July 2022 at AED 1,178 per sqft, in line with what studios in Millennium Binghatti Residences were fetching at the time (AED 1,187). 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.

Recent studio salesUnit no.Price (AED)Summary
13 Jul 2026900,000
3 Jul 20261,000,000
24 Apr 2026725,000
11 Mar 2026860,000
6 studio 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
7012-bedAED 1.29M · Feb 2019
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

702, Millennium Binghatti Residences in numbers

  • Sold once: by Binghatti on 5 July 2022 for AED 650,000, or AED 1,178 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 5 July 2022.

Questions about 702, Millennium Binghatti Residences

What did unit 702 last sell for?

AED 650,000 on 5 July 2022, sold by the developer: AED 1,178 per sqft for 552 sqft. It is the only registered sale of the unit.

How big is unit 702?

552 sqft (51.3 sqm): a studio on the 7th floor of a 19-storey tower completed in 2021.

What is unit 702 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 702, Millennium Binghatti Residences

Starts from the last sale price (AED 650K, 5 July 2022). 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 →