2-bed · 1,862 sqftMillennium Binghatti Residences, Business Bay · completed 2021

R03, Millennium Binghatti Residences

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

Unit R03 · DLD and Ejari recordsUpdated 17 June 2021
Last soldAED 1.8M17 June 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for R03, Millennium Binghatti Residences

What is R03 worth today?

Last sold for AED 1,800,000 in 2021

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17 Jun 2021Sold by developerOff-plan
AED 1,800,000AED 966 per sqft

Source: Dubai Land Department. Updated 17 June 2021.

Key facts

Type
2-bed apartment
Size
1,862 sqft
Parking
P1-26, P1-27
Developer
Binghatti
Completed
2021
Service charge
AED 35,800 /yr
Last sold
AED 1.8M · June 2021

About R03, Millennium Binghatti Residences

R03 is a two-bedroom apartment of 1,862 sqft of Millennium Binghatti Residences, a 19-storey tower in Business Bay completed in 2021 by Binghatti. The developer sold it on 17 June 2021 for AED 1,800,000, or AED 966 per sqft, in line with the AED 991 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for R03 over time

Sales
Unit R03, 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, June 2021: AED 1,800,000 (AED 966 per sqft)

R03 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit R03, 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 R03 sits

All 62 2-beds →

R03 last sold in June 2021 at AED 966 per sqft, in line with what two-beds in Millennium Binghatti Residences were fetching at the time (AED 991). 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 →

R03, Millennium Binghatti Residences in numbers

  • Sold once: by Binghatti on 17 June 2021 for AED 1,800,000, or AED 966 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 17 June 2021.

Questions about R03, Millennium Binghatti Residences

What did unit R03 last sell for?

AED 1,800,000 on 17 June 2021, sold by the developer: AED 966 per sqft for 1,862 sqft. It is the only registered sale of the unit.

How big is unit R03?

1,862 sqft (173.0 sqm): a two-bedroom apartment of a 19-storey tower completed in 2021.

What is unit R03 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 R03, Millennium Binghatti Residences

Starts from the last sale price (AED 1.8M, 17 June 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,800,000
Deposit, UAE resident (20%)
AED 360,000
Deposit, non-resident (40%)
AED 720,000
Monthly over 25 years at 3.7%
AED 7,364

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