2-bed · 1,447 sqftMillennium Binghatti Residences, Business Bay · 7th floor · completed 2021

704, Millennium Binghatti Residences

Sold prices and rental history: sold once, by the developer in September 2021, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 704 · DLD and Ejari recordsUpdated 7 September 2021
Last soldAED 1.35M7 September 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 704, Millennium Binghatti Residences

What is 704 worth today?

Last sold for AED 1,349,723 in 2021

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7 Sep 2021Sold by developerReady
AED 1,349,723AED 932 per sqft

Source: Dubai Land Department. Updated 7 September 2021.

Key facts

Type
2-bed apartment
Size
1,447 sqft
Floor
7th of 19
Parking
B1-40
Developer
Binghatti
Completed
2021
Service charge
AED 27,800 /yr
Last sold
AED 1.35M · September 2021

About 704, Millennium Binghatti Residences

704 is a two-bedroom apartment of 1,447 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 7 September 2021 for AED 1,349,723, or AED 932 per sqft, 7% below the AED 997 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 704 over time

Sales
Unit 704, 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, September 2021: AED 1,349,723 (AED 932 per sqft)

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

Rents
Unit 704, 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 704 sits

All 62 2-beds →

704 last sold in September 2021 at AED 932 per sqft, 7% below what two-beds in Millennium Binghatti Residences were fetching at the time (AED 997). 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
7012-bedAED 1.29M · Feb 2019
702StudioAED 650K · Jul 2022
7031-bedAED 850K · Aug 2021
705StudioAED 800K · Nov 2018
706StudioAED 670K · Apr 2019
707StudioAED 700K · Nov 2021
7082-bedAED 1.29M · Mar 2023
1–7 of 11

704, Millennium Binghatti Residences in numbers

  • Sold once: by Binghatti on 7 September 2021 for AED 1,349,723, or AED 932 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 7 September 2021.

Questions about 704, Millennium Binghatti Residences

What did unit 704 last sell for?

AED 1,349,723 on 7 September 2021, sold by the developer: AED 932 per sqft for 1,447 sqft. It is the only registered sale of the unit.

How big is unit 704?

1,447 sqft (134.4 sqm): a two-bedroom apartment on the 7th floor of a 19-storey tower completed in 2021.

What is unit 704 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 704, Millennium Binghatti Residences

Starts from the last sale price (AED 1.35M, 7 September 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,349,723
Deposit, UAE resident (20%)
AED 269,945
Deposit, non-resident (40%)
AED 539,889
Monthly over 25 years at 3.7%
AED 5,522

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