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Studio · 373 sqftPrive by Damac Tower A, Business Bay · 5th floor · completed 2019

514, Prive by Damac Tower A

Sold prices and rental history: sold twice, last in March 2022, and rented once, from January 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 514 · DLD and Ejari recordsUpdated 3 March 2022
Last soldAED 667K3 March 2022
Current rentAED 40K /yr8 January 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 514, Prive by Damac Tower A

What is 514 worth today?

Last sold for AED 666,500 in 2022

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3 Mar 2022SoldReady
AED 666,500AED 1,789 per sqft
8 Jan 2021RentedNew contract
AED 40,000/yr12 months · AED 106 per sqft
18 Dec 2013Sold by developerOff-plan
AED 846,880AED 2,273 per sqft

Source: Dubai Land Department. Updated 3 March 2022.

Key facts

Type
Studio apartment
Size
373 sqft
Floor
5th of 32
Parking
B-57
Developer
Namaa Properties Development
Completed
2019
Last sold
AED 667K · March 2022
Building
Prive by Damac Tower A

About 514, Prive by Damac Tower A

514 is a studio of 373 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 3 March 2022 for AED 666,500, or AED 1,789 per sqft, in line with the AED 1,744 studios in the building were fetching at the time.

One Ejari contract is registered, from 8 January 2021. The current contract, signed on 8 January 2021, is AED 40,000 a year: a gross yield of 6.0% on the 2022 price.

Sales and rents for 514 over time

Sales
Unit 514, 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 846,880 (AED 2,273 per sqft)Sold, March 2022: AED 666,500 (AED 1,789 per sqft)

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

Rents
Unit 514, 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, January 2021: AED 40,000 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 514 sits

All 385 studios →

514 last sold in March 2022 at AED 1,789 per sqft, in line with what studios in Prive by Damac Tower A were fetching at the time (AED 1,744). 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. 514's AED 40,000 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 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

514, Prive by Damac Tower A in numbers

  • Sold twice: first on 18 December 2013 for AED 846,880, last on 3 March 2022 for AED 666,500 (AED 1,789 per sqft).
  • Rented since January 2021 on one Ejari contract, at AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2022 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 3 March 2022.

Questions about 514, Prive by Damac Tower A

What did unit 514 last sell for?

AED 666,500 on 3 March 2022: AED 1,789 per sqft for 373 sqft. The unit has 2 registered sales; the first was AED 846,880 in December 2013.

What is the rent for unit 514?

AED 40,000 a year on the contract signed on 8 January 2021.

How big is unit 514?

373 sqft (34.7 sqm): a studio on the 5th floor of a 32-storey tower completed in 2019.

What is unit 514 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 514, Prive by Damac Tower A

Starts from the last sale price (AED 667K, 3 March 2022). Switch to today's estimate once you have unlocked it.
Price
AED 666,500
Deposit, UAE resident (20%)
AED 133,300
Deposit, non-resident (40%)
AED 266,600
Monthly over 25 years at 3.7%
AED 2,727

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