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Studio · 401 sqftPrive by Damac Tower A, Business Bay · 12th floor · completed 2019

1216, Prive by Damac Tower A

Sold prices and rental history: sold once, by the developer in December 2013, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1216 · DLD and Ejari recordsUpdated 28 August 2026
Last soldAED 873K15 December 2013
Current rentAED 65K /yr28 August 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1216, Prive by Damac Tower A

What is 1216 worth today?

Last sold for AED 873,323 in 2013

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28 Aug 2026RentedNew contract
AED 65,000/yr12 months · AED 163 per sqft
7 Mar 2025RentedNew contract
AED 80,000/yr12 months · AED 201 per sqft
7 Mar 2025RentedNew contract
AED 80,000/yr12 months · AED 201 per sqft
14 Feb 2024RentedNew contract
AED 85,000/yr12 months · AED 213 per sqft
26 Nov 2021RentedRenewal
AED 42,000/yr12 months · AED 105 per sqft
26 Nov 2020RentedNew contract
AED 42,000/yr12 months · AED 105 per sqft
15 Dec 2013Sold by developerOff-plan
AED 873,323AED 2,179 per sqft

Source: Dubai Land Department. Updated 28 August 2026.

Key facts

Type
Studio apartment
Size
401 sqft
Floor
12th of 32
Parking
B-170
Developer
Namaa Properties Development
Completed
2019
Last sold
AED 873K · December 2013
Building
Prive by Damac Tower A

About 1216, Prive by Damac Tower A

1216 is a studio of 401 sqft on the 12th floor of Prive by Damac Tower A, a 32-storey tower in Business Bay completed in 2019 by Namaa Properties Development. The developer sold it on 15 December 2013 for AED 873,323, or AED 2,179 per sqft, in line with the AED 2,235 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, signed on 28 August 2026, is AED 65,000 a year: a gross yield of 7.4% on the 2013 price.

Sales and rents for 1216 over time

Sales
Unit 1216, each saleTypical studio in Prive by Damac Tower A
600K800K1M2013201720212025Typical sale price by year: 2013 AED 913,210; 2014 AED 1,006,050; 2015 AED 917,915; 2016 AED 979,700; 2017 AED 1,080,000; 2018 AED 725,000; 2019 AED 877,800; 2020 AED 673,080; 2021 AED 723,000; 2022 AED 800,000; 2023 AED 950,000; 2024 AED 1,043,000; 2025 AED 1,050,000; 2026 AED 950,000Sold by developer, December 2013: AED 873,323 (AED 2,179 per sqft)

1216 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1216, each contractTypical studio in Prive by Damac Tower A
40K60K80K2020202220242026Typical rent by year: 2020 AED 43,000; 2021 AED 45,000; 2022 AED 58,000; 2023 AED 66,500; 2024 AED 73,500; 2025 AED 75,000; 2026 AED 67,000New contract, November 2020: AED 42,000 a yearRenewal, November 2021: AED 42,000 a yearNew contract, February 2024: AED 85,000 a yearNew contract, March 2025: AED 80,000 a yearNew contract, March 2025: AED 80,000 a yearNew contract, August 2026: AED 65,000 a year

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

Studios in Prive by Damac Tower A, and where 1216 sits

All 385 studios →

1216 last sold in December 2013 at AED 2,179 per sqft, in line with what studios in Prive by Damac Tower A were fetching at the time (AED 2,235). Over the last 12 months studios sold for AED 700,000 to 1,192,146, around AED 2,285 per sqft, and rent for AED 39,893 to 100,000 a year. 1216's AED 65,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
19 Oct 2026900,000
23 Sep 2026910,000
27 Aug 20261,050,000
27 Aug 20261,192,146
30 studio sales in the last 12 months

Prive by Damac Tower A

Building

516 apartments, studios to 2-bed over 32 floors in Business Bay, completed in 2019 by Namaa Properties Development. 39 sold in the last 12 months.

Typical price per sqft
AED 2,200 Down 7.9%
Typical sale
AED 1.03M
Typical rent
AED 75K /yr
Typical yield
6.7%
Prive by Damac Tower A, Business Bay: prices, sales and rents →

Other units on the 12th floor

All 516 units in Prive by Damac Tower A
Value
1201StudioAED 840K · Mar 2022
1202StudioAED 980K · May 2024
1203StudioAED 1.04M · Oct 2024
1204StudioAED 980K · Feb 2025
1205StudioAED 700K · Jul 2026
1206StudioAED 750K · Jan 2025
1207StudioAED 1.17M · Sep 2023
1–7 of 18

1216, Prive by Damac Tower A in numbers

  • Sold once: by Namaa Properties Development on 15 December 2013 for AED 873,323, or AED 2,179 per sqft.
  • Rented since November 2020 on 6 Ejari contracts, from AED 42,000 to AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2013 price is 7.4%.
  • Studios in Prive by Damac Tower A sold for AED 700,000–1,192,146 in the 12 months to November 2026; the building's median across all types is AED 2,200 per sqft.

Source: Dubai Land Department. Updated 28 August 2026.

Questions about 1216, Prive by Damac Tower A

What did unit 1216 last sell for?

AED 873,323 on 15 December 2013, sold by the developer: AED 2,179 per sqft for 401 sqft. It is the only registered sale of the unit.

What is the rent for unit 1216?

AED 65,000 a year on the contract signed on 28 August 2026. The previous contract, from March 2025, was AED 80,000; the unit has been rented since November 2020.

How big is unit 1216?

401 sqft (37.3 sqm): a studio on the 12th floor of a 32-storey tower completed in 2019.

What is unit 1216 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Prive by Damac Tower A sold for AED 700,000 to 1,192,146 in the last 12 months, around AED 2,285 per sqft.

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Mortgage on 1216, Prive by Damac Tower A

Starts from the last sale price (AED 873K, 15 December 2013). Switch to today's estimate once you have unlocked it.
Price
AED 873,323
Deposit, UAE resident (20%)
AED 174,665
Deposit, non-resident (40%)
AED 349,329
Monthly over 25 years at 3.7%
AED 3,573

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