1516, Prive by Damac Tower A
Sold prices and rental history: sold 3 times, last in February 2018, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1516, Prive by Damac Tower A
What is 1516 worth today?
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Source: Dubai Land Department. Updated 4 August 2026.
Key facts
- Type
- Studio hotel apartment
- Size
- 401 sqft
- Floor
- 15th of 32
- Parking
- B-223
- Developer
- Namaa Properties Development
- Completed
- 2019
- Last sold
- AED 725K · February 2018
- Building
- Prive by Damac Tower A
About 1516, Prive by Damac Tower A
1516 is a studio of 401 sqft on the 15th floor of Prive by Damac Tower A, a 32-storey tower in Business Bay completed in 2019 by Namaa Properties Development. It last sold on 26 February 2018 for AED 725,000, or AED 1,809 per sqft, 18% below the AED 2,215 studios in the building were fetching at the time.
It has been rented continuously since 2022 on 6 Ejari contracts. The current contract, signed on 4 August 2026, is AED 50,000 a year: a gross yield of 6.9% on the 2018 price.
Sales and rents for 1516 over time
1516 has sold 3 times; the dashed line is the studio median of each year in the building.
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 1516 sits
All 385 studios →1516 last sold in February 2018 at AED 1,809 per sqft, 18% below what studios in Prive by Damac Tower A were fetching at the time (AED 2,215). 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. 1516's AED 50,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 19 Oct 202619 October 2026 | 471 sqft | 900,000 | 1,909 | ||
| 23 Sep 202623 September 2026 | 453 sqft | 910,000 | 2,009 | ||
| 27 Aug 202627 August 2026 | 443 sqft | 1,050,000 | 2,371 | ||
| 27 Aug 202627 August 2026 | 489 sqft | 1,192,146 | 2,437 |
Prive by Damac Tower A
Building516 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%
Other units on the 15th floor
All 516 units in Prive by Damac Tower A| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 1-bed | 957 sqft | AED 2.13MAED 2,125,620 · Jul 2023July 2023 | 110,000 /yr | |
| 1502 | Studio | 419 sqft | AED 1MAED 1,004,000 · Jul 2023July 2023 | 70,000 /yr | |
| 1503 | Studio | 402 sqft | AED 1.06MAED 1,060,000 · Dec 2024December 2024 | 108,000 /yr | |
| 1504 | Studio | 373 sqft | AED 868KAED 867,650 · Nov 2013November 2013 | 65,010 /yr | |
| 1505 | Studio | 431 sqft | AED 998KAED 998,300 · Nov 2013November 2013 | ||
| 1506 | Studio | 471 sqft | AED 615KAED 615,000 · Jan 2021January 2021 | 60,000 /yr | |
| 1507 | Studio | 489 sqft | AED 1.15MAED 1,146,600 · Jan 2024January 2024 | ||
| 1508 | Studio | 438 sqft | AED 1.06MAED 1,060,000 · Aug 2024August 2024 | 76,000 /yr | |
| 1509 | 1-bed | 982 sqft | AED 1.43MAED 1,430,000 · Jul 2022July 2022 | 140,000 /yr | |
| 1510 | 2-bed | 1,268 sqft | AED 1.85MAED 1,850,000 · Oct 2022October 2022 | 200,000 /yr | |
| 1511 | Studio | 491 sqft | AED 816KAED 816,104 · Jul 2023July 2023 | 65,000 /yr | |
| 1512 | Studio | 471 sqft | AED 1.13MAED 1,128,000 · Jan 2024January 2024 | ||
| 1513 | Studio | 432 sqft | AED 1.03MAED 1,031,000 · Jan 2024January 2024 | ||
| 1514 | Studio | 373 sqft | AED 868KAED 867,650 · Apr 2014April 2014 | 52,000 /yr | |
| 1515 | Studio | 396 sqft | AED 1.12MAED 1,120,000 · Feb 2025February 2025 | 84,000 /yr | |
| 1517 | 1-bed | 947 sqft | AED 2.14MAED 2,144,000 · May 2024May 2024 | 100,000 /yr |
1516, Prive by Damac Tower A in numbers
- Sold 3 times: first on 5 December 2013 for AED 921,250, last on 26 February 2018 for AED 725,000 (AED 1,809 per sqft).
- Rented since March 2022 on 6 Ejari contracts, from AED 51,000 to AED 50,000 a year.
- At AED 50,000 a year the gross yield on the 2018 price is 6.9%.
- 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 4 August 2026.
Questions about 1516, Prive by Damac Tower A
What did unit 1516 last sell for?
AED 725,000 on 26 February 2018: AED 1,809 per sqft for 401 sqft. The unit has 3 registered sales; the first was AED 921,250 in December 2013.
What is the rent for unit 1516?
AED 50,000 a year on the contract signed on 4 August 2026. The previous contract, from March 2025, was AED 66,000; the unit has been rented since March 2022.
How big is unit 1516?
401 sqft (37.3 sqm): a studio on the 15th floor of a 32-storey tower completed in 2019.
What is unit 1516 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 1516, Prive by Damac Tower A
Starts from the last sale price (AED 725K, 26 February 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 725,000
- Deposit, UAE resident (20%)
- AED 145,000
- Deposit, non-resident (40%)
- AED 290,000
- Monthly over 25 years at 3.7%
- AED 2,966
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →