1-bed · 982 sqftPrive by Damac Tower A, Business Bay · 16th floor · completed 2019

1609, Prive by Damac Tower A

Sold prices and rental history: sold once, by the developer in March 2014, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1609 · DLD and Ejari recordsUpdated 2 March 2014
Last soldAED 2.27M2 March 2014
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1609, Prive by Damac Tower A

What is 1609 worth today?

Last sold for AED 2,270,730 in 2014

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2 Mar 2014Sold by developerOff-plan
AED 2,270,730AED 2,311 per sqft

Source: Dubai Land Department. Updated 2 March 2014.

Key facts

Type
1-bed hotel apartment
Size
982 sqft
Floor
16th of 32
Parking
B-233
Developer
Namaa Properties Development
Completed
2019
Last sold
AED 2.27M · March 2014

About 1609, Prive by Damac Tower A

1609 is a one-bedroom hotel apartment of 982 sqft on the 16th 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 2 March 2014 for AED 2,270,730, or AED 2,311 per sqft, 15% above the AED 2,014 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1609 over time

Sales
Unit 1609, each saleTypical one-bed in Prive by Damac Tower A
1.5M2M2013201720212025Typical sale price by year: 2013 AED 1,927,450; 2014 AED 2,045,925; 2017 AED 1,953,000; 2018 AED 1,942,980; 2019 AED 1,862,000; 2020 AED 1,536,530; 2021 AED 1,507,000; 2022 AED 1,590,000; 2023 AED 1,715,000; 2024 AED 1,725,000; 2025 AED 1,670,000; 2026 AED 1,572,500Sold by developer, March 2014: AED 2,270,730 (AED 2,311 per sqft)

1609 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1609, each contractTypical one-bed in Prive by Damac Tower A
75K100K125K2020202220242026Typical rent by year: 2020 AED 75,000; 2021 AED 75,000; 2022 AED 86,500; 2023 AED 110,000; 2024 AED 115,000; 2025 AED 120,000; 2026 AED 102,000

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

1-beds in Prive by Damac Tower A, and where 1609 sits

All 95 1-beds →

1609 last sold in March 2014 at AED 2,311 per sqft, 15% above what one-beds in Prive by Damac Tower A were fetching at the time (AED 2,014). Over the last 12 months one-beds sold for AED 1,385,000 to 1,750,000, around AED 1,762 per sqft, and rent for AED 75,000 to 140,000 a year.

Recent 1-bed salesUnit no.Price (AED)Summary
13 Aug 20261,445,000
16 Jul 202654,600
8 Jun 20261,385,000
11 Feb 20261,700,000
7 1-bed 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 16th floor

All 516 units in Prive by Damac Tower A
Value
16011-bedAED 1.78M · Aug 2023
1602StudioAED 935K · Mar 2014
1603StudioAED 920K · Jul 2026
1604StudioAED 880K · Dec 2013
1605StudioAED 910K · Feb 2023
1606StudioAED 1.13M · Aug 2023
1607StudioAED 1.01M · Dec 2014
1–7 of 16

1609, Prive by Damac Tower A in numbers

  • Sold once: by Namaa Properties Development on 2 March 2014 for AED 2,270,730, or AED 2,311 per sqft.
  • One-beds in Prive by Damac Tower A sold for AED 1,385,000–1,750,000 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 2 March 2014.

Questions about 1609, Prive by Damac Tower A

What did unit 1609 last sell for?

AED 2,270,730 on 2 March 2014, sold by the developer: AED 2,311 per sqft for 982 sqft. It is the only registered sale of the unit.

How big is unit 1609?

982 sqft (91.2 sqm): a one-bedroom hotel apartment on the 16th floor of a 32-storey tower completed in 2019.

What is unit 1609 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Prive by Damac Tower A sold for AED 1,385,000 to 1,750,000 in the last 12 months, around AED 1,762 per sqft.

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Mortgage on 1609, Prive by Damac Tower A

Starts from the last sale price (AED 2.27M, 2 March 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,270,730
Deposit, UAE resident (20%)
AED 454,146
Deposit, non-resident (40%)
AED 908,292
Monthly over 25 years at 3.7%
AED 9,290

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