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Studio · 416 sqftPrive by Damac Tower A, Business Bay · 24th floor · completed 2019

2407, Prive by Damac Tower A

Sold prices and rental history: sold twice, last in May 2023, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2407 · DLD and Ejari recordsUpdated 23 May 2023
Last soldAED 910K23 May 2023
Current rentAED 55K /yr6 May 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2407, Prive by Damac Tower A

What is 2407 worth today?

Last sold for AED 910,000 in 2023

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23 May 2023SoldReady
AED 910,000AED 2,187 per sqft
6 May 2022RentedRenewal
AED 54,804/yr7 months · AED 131 per sqft
6 May 2021RentedNew contract
AED 45,000/yr12 months · AED 107 per sqft
28 Dec 2014Sold by developerOff-plan
AED 1,005,670AED 2,417 per sqft

Source: Dubai Land Department. Updated 23 May 2023.

Key facts

Type
Studio apartment
Size
416 sqft
Floor
24th of 32
Parking
P1-67
Developer
Namaa Properties Development
Completed
2019
Last sold
AED 910K · May 2023
Building
Prive by Damac Tower A

About 2407, Prive by Damac Tower A

2407 is a studio of 416 sqft on the 24th 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 23 May 2023 for AED 910,000, or AED 2,187 per sqft, 10% above the AED 1,996 studios in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, renewed on 6 May 2022, is AED 54,804 a year: a gross yield of 6.0% on the 2023 price.

Sales and rents for 2407 over time

Sales
Unit 2407, 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 2014: AED 1,005,670 (AED 2,417 per sqft)Sold, May 2023: AED 910,000 (AED 2,187 per sqft)

2407 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 2407, 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, May 2021: AED 45,000 a yearRenewal, May 2022: AED 54,804 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 2407 sits

All 385 studios →

2407 last sold in May 2023 at AED 2,187 per sqft, 10% above what studios in Prive by Damac Tower A were fetching at the time (AED 1,996). 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. 2407's AED 54,804 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 24th floor

All 516 units in Prive by Damac Tower A
Value
24011-bedAED 1.97M · Jun 2016
2402StudioAED 1.05M · Sep 2023
2403StudioAED 880K · Feb 2023
2404StudioAED 902K · Feb 2024
2405StudioAED 772K · Mar 2022
2406StudioAED 1.08M · Jun 2014
2408StudioAED 820K · Mar 2022
1–7 of 16

2407, Prive by Damac Tower A in numbers

  • Sold twice: first on 28 December 2014 for AED 1,005,670, last on 23 May 2023 for AED 910,000 (AED 2,187 per sqft).
  • Rented since May 2021 on 2 Ejari contracts, from AED 45,000 to AED 54,804 a year.
  • At AED 54,804 a year the gross yield on the 2023 price is 6.0%.
  • 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 23 May 2023.

Questions about 2407, Prive by Damac Tower A

What did unit 2407 last sell for?

AED 910,000 on 23 May 2023: AED 2,187 per sqft for 416 sqft. The unit has 2 registered sales; the first was AED 1,005,670 in December 2014.

What is the rent for unit 2407?

AED 54,804 a year on the contract renewed on 6 May 2022. The previous contract, from May 2021, was AED 45,000.

How big is unit 2407?

416 sqft (38.6 sqm): a studio on the 24th floor of a 32-storey tower completed in 2019.

What is unit 2407 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 2407, Prive by Damac Tower A

Starts from the last sale price (AED 910K, 23 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 910,000
Deposit, UAE resident (20%)
AED 182,000
Deposit, non-resident (40%)
AED 364,000
Monthly over 25 years at 3.7%
AED 3,723

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