Studio · 414 sqftPrive by Damac Tower A, Business Bay · 5th floor · completed 2019

508, Prive by Damac Tower A

Sold prices and rental history: sold twice, last in April 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 508 · DLD and Ejari recordsUpdated 23 April 2024
Last soldAED 978K23 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 508, Prive by Damac Tower A

What is 508 worth today?

Last sold for AED 978,000 in 2024

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

23 Apr 2024SoldReady
AED 978,000AED 2,362 per sqft
5 Dec 2013Sold by developerOff-plan
AED 923,260AED 2,230 per sqft

Source: Dubai Land Department. Updated 23 April 2024.

Key facts

Type
Studio apartment
Size
414 sqft
Floor
5th of 32
Parking
B-52
Developer
Namaa Properties Development
Completed
2019
Last sold
AED 978K · April 2024

About 508, Prive by Damac Tower A

508 is a studio of 414 sqft on the 5th 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 April 2024 for AED 978,000, or AED 2,362 per sqft, in line with the AED 2,379 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 508 over time

Sales
Unit 508, 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 923,260 (AED 2,230 per sqft)Sold, April 2024: AED 978,000 (AED 2,362 per sqft)

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

Rents
Unit 508, 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 67,000

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 508 sits

All 385 studios →

508 last sold in April 2024 at AED 2,362 per sqft, in line with what studios in Prive by Damac Tower A were fetching at the time (AED 2,379). 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.

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 5th floor

All 516 units in Prive by Damac Tower A
Value
5011-bedAED 1.74M · Aug 2022
502StudioAED 750K · Jul 2021
503StudioAED 700K · Jan 2022
504StudioAED 847K · Dec 2013
505StudioAED 941K · Dec 2014
506StudioAED 1.05M · Feb 2026
507StudioAED 963K · Mar 2024
1–7 of 16

508, Prive by Damac Tower A in numbers

  • Sold twice: first on 5 December 2013 for AED 923,260, last on 23 April 2024 for AED 978,000 (AED 2,362 per sqft).
  • 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 April 2024.

Questions about 508, Prive by Damac Tower A

What did unit 508 last sell for?

AED 978,000 on 23 April 2024: AED 2,362 per sqft for 414 sqft. The unit has 2 registered sales; the first was AED 923,260 in December 2013.

How big is unit 508?

414 sqft (38.5 sqm): a studio on the 5th floor of a 32-storey tower completed in 2019.

What is unit 508 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.

Selling 508? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 508, Prive by Damac Tower A

Starts from the last sale price (AED 978K, 23 April 2024). Switch to today's estimate once you have unlocked it.
Price
AED 978,000
Deposit, UAE resident (20%)
AED 195,600
Deposit, non-resident (40%)
AED 391,200
Monthly over 25 years at 3.7%
AED 4,001

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