Studio · 438 sqftPrive by Damac Tower A, Business Bay · 17th floor · completed 2019

1708, Prive by Damac Tower A

Sold prices and rental history: sold 3 times, last in December 2022, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1708 · DLD and Ejari recordsUpdated 12 December 2022
Last soldAED 850K12 December 2022
Current rentAED 50K /yr16 October 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1708, Prive by Damac Tower A

What is 1708 worth today?

Last sold for AED 850,000 in 2022

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12 Dec 2022SoldReady
AED 850,000AED 1,938 per sqft
24 Jan 2022SoldReady
AED 603,000AED 1,375 per sqft
16 Oct 2021RentedNew contract
AED 50,000/yr12 months · AED 116 per sqft
19 Dec 2020RentedNew contract
AED 42,000/yr12 months · AED 96 per sqft
16 Oct 2020RentedNew contract
AED 62,000/yr12 months · AED 141 per sqft
5 Dec 2013Sold by developerOff-plan
AED 892,000AED 2,034 per sqft

Source: Dubai Land Department. Updated 12 December 2022.

Key facts

Type
Studio apartment
Size
438 sqft
Floor
17th of 32
Parking
B-251
Developer
Namaa Properties Development
Completed
2019
Last sold
AED 850K · December 2022

About 1708, Prive by Damac Tower A

1708 is a studio of 438 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 12 December 2022 for AED 850,000, or AED 1,938 per sqft, 5% above the AED 1,844 studios in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 16 October 2021, is AED 50,000 a year: a gross yield of 5.9% on the 2022 price.

Sales and rents for 1708 over time

Sales
Unit 1708, each saleTypical studio in Prive by Damac Tower A
750K1M2013201720212025Typical 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 892,000 (AED 2,034 per sqft)Sold, January 2022: AED 603,000 (AED 1,375 per sqft)Sold, December 2022: AED 850,000 (AED 1,938 per sqft)

1708 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 1708, 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 yearNew contract, October 2021: AED 50,000 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 1708 sits

All 385 studios →

1708 last sold in December 2022 at AED 1,938 per sqft, 5% above what studios in Prive by Damac Tower A were fetching at the time (AED 1,844). 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. 1708's AED 50,000 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
1702StudioAED 650K · Dec 2021
1703StudioAED 650K · Dec 2021
1704StudioAED 650K · Dec 2021
1705StudioAED 1.07M · Jun 2024
1706StudioAED 690K · Mar 2022
1707StudioAED 650K · Dec 2021
1–7 of 16

1708, Prive by Damac Tower A in numbers

  • Sold 3 times: first on 5 December 2013 for AED 892,000, last on 12 December 2022 for AED 850,000 (AED 1,938 per sqft).
  • Rented since October 2020 on 3 Ejari contracts. The rent fell from AED 62,000 to AED 42,000 in 2020 and recovered to AED 50,000 by October 2021.
  • At AED 50,000 a year the gross yield on the 2022 price is 5.9%.
  • 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 12 December 2022.

Questions about 1708, Prive by Damac Tower A

What did unit 1708 last sell for?

AED 850,000 on 12 December 2022: AED 1,938 per sqft for 438 sqft. The unit has 3 registered sales; the first was AED 892,000 in December 2013.

What is the rent for unit 1708?

AED 50,000 a year on the contract signed on 16 October 2021. The previous contract, from December 2020, was AED 42,000; the unit has been rented since October 2020.

How big is unit 1708?

438 sqft (40.7 sqm): a studio on the 17th floor of a 32-storey tower completed in 2019.

What is unit 1708 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 1708, Prive by Damac Tower A

Starts from the last sale price (AED 850K, 12 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 850,000
Deposit, UAE resident (20%)
AED 170,000
Deposit, non-resident (40%)
AED 340,000
Monthly over 25 years at 3.7%
AED 3,478

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