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Studio · 419 sqftPrive by Damac Tower A, Business Bay · 17th floor · completed 2019

1702, Prive by Damac Tower A

Sold prices and rental history: sold twice, last in December 2021, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1702 · DLD and Ejari recordsUpdated 28 December 2021
Last soldAED 650K28 December 2021
Current rentAED 42K /yr16 December 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1702, Prive by Damac Tower A

What is 1702 worth today?

Last sold for AED 650,000 in 2021

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28 Dec 2021SoldReady
AED 650,000AED 1,551 per sqft
16 Dec 2020RentedNew contract
AED 42,000/yr12 months · AED 100 per sqft
16 Oct 2020RentedNew contract
AED 62,000/yr12 months · AED 148 per sqft
5 Dec 2013Sold by developerOff-plan
AED 890,000AED 2,123 per sqft

Source: Dubai Land Department. Updated 28 December 2021.

Key facts

Type
Studio apartment
Size
419 sqft
Floor
17th of 32
Parking
B-242
Developer
Namaa Properties Development
Completed
2019
Last sold
AED 650K · December 2021
Building
Prive by Damac Tower A

About 1702, Prive by Damac Tower A

1702 is a studio of 419 sqft on the 17th 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 28 December 2021 for AED 650,000, or AED 1,551 per sqft, 12% below the AED 1,760 studios in the building were fetching at the time.

It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 16 December 2020, is AED 42,000 a year: a gross yield of 6.5% on the 2021 price.

Sales and rents for 1702 over time

Sales
Unit 1702, 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 890,000 (AED 2,123 per sqft)Sold, December 2021: AED 650,000 (AED 1,551 per sqft)

1702 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1702, 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, October 2020: AED 62,000 a yearNew contract, December 2020: AED 42,000 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 1702 sits

All 385 studios →

1702 last sold in December 2021 at AED 1,551 per sqft, 12% below what studios in Prive by Damac Tower A were fetching at the time (AED 1,760). 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. 1702's AED 42,000 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 17th floor

All 516 units in Prive by Damac Tower A
Value
17011-bedAED 1.2M · Dec 2021
1703StudioAED 650K · Dec 2021
1704StudioAED 650K · Dec 2021
1705StudioAED 1.07M · Jun 2024
1706StudioAED 690K · Mar 2022
1707StudioAED 650K · Dec 2021
1708StudioAED 850K · Dec 2022
1–7 of 16

1702, Prive by Damac Tower A in numbers

  • Sold twice: first on 5 December 2013 for AED 890,000, last on 28 December 2021 for AED 650,000 (AED 1,551 per sqft).
  • Rented since October 2020 on 2 Ejari contracts, from AED 62,000 to AED 42,000 a year.
  • At AED 42,000 a year the gross yield on the 2021 price is 6.5%.
  • 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 December 2021.

Questions about 1702, Prive by Damac Tower A

What did unit 1702 last sell for?

AED 650,000 on 28 December 2021: AED 1,551 per sqft for 419 sqft. The unit has 2 registered sales; the first was AED 890,000 in December 2013.

What is the rent for unit 1702?

AED 42,000 a year on the contract signed on 16 December 2020. The previous contract, from October 2020, was AED 62,000.

How big is unit 1702?

419 sqft (38.9 sqm): a studio on the 17th floor of a 32-storey tower completed in 2019.

What is unit 1702 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 1702, Prive by Damac Tower A

Starts from the last sale price (AED 650K, 28 December 2021). Switch to today's estimate once you have unlocked it.
Price
AED 650,000
Deposit, UAE resident (20%)
AED 130,000
Deposit, non-resident (40%)
AED 260,000
Monthly over 25 years at 3.7%
AED 2,659

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