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2-bed · 1,409 sqftPrive by Damac Tower B, Business Bay · 10th floor · completed 2019

1008, Prive by Damac Tower B

Sold prices and rental history: sold once, by the developer in April 2014, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1008 · DLD and Ejari recordsUpdated 25 November 2024
Last soldAED 3.22M23 April 2014
Current rentAED 180K /yr25 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1008, Prive by Damac Tower B

What is 1008 worth today?

Last sold for AED 3,220,800 in 2014

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25 Nov 2024RentedNew contract
AED 180,000/yr12 months · AED 128 per sqft
2 May 2023RentedRenewal
AED 155,000/yr12 months · AED 110 per sqft
2 May 2022RentedRenewal
AED 150,000/yr12 months · AED 106 per sqft
2 May 2021RentedNew contract
AED 113,000/yr12 months · AED 80 per sqft
23 Apr 2014Sold by developerOff-plan
AED 3,220,800AED 2,286 per sqft

Source: Dubai Land Department. Updated 25 November 2024.

Key facts

Type
2-bed apartment
Size
1,409 sqft
Floor
10th of 32
Parking
P2-197, P2-197A
Developer
Namaa Properties Development
Completed
2019
Last sold
AED 3.22M · April 2014
Building
Prive by Damac Tower B

About 1008, Prive by Damac Tower B

1008 is a two-bedroom apartment of 1,409 sqft on the 10th floor of Prive by Damac Tower B, a 32-storey tower in Business Bay completed in 2019 by Namaa Properties Development. The developer sold it on 23 April 2014 for AED 3,220,800, or AED 2,286 per sqft.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 25 November 2024, is AED 180,000 a year: a gross yield of 5.6% on the 2014 price.

Sales and rents for 1008 over time

Sales
Unit 1008, each saleTypical two-bed in Prive by Damac Tower B
2M3M2014201820222026Typical sale price by year: 2014 AED 3,513,600; 2017 AED 3,161,000; 2018 AED 2,752,410; 2019 AED 2,966,000; 2020 AED 2,487,000; 2021 AED 2,554,000; 2022 AED 2,172,075; 2023 AED 2,695,000; 2024 AED 2,685,120; 2025 AED 2,480,000; 2026 AED 2,500,000Sold by developer, April 2014: AED 3,220,800 (AED 2,286 per sqft)

1008 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1008, each contractTypical two-bed in Prive by Damac Tower B
100K150K2020202220242026Typical rent by year: 2020 AED 106,000; 2021 AED 102,500; 2022 AED 130,000; 2023 AED 145,000; 2024 AED 160,000; 2025 AED 160,000; 2026 AED 150,000New contract, May 2021: AED 113,000 a yearRenewal, May 2022: AED 150,000 a yearRenewal, May 2023: AED 155,000 a yearNew contract, November 2024: AED 180,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Prive by Damac Tower B, and where 1008 sits

All 37 2-beds →

Over the last 12 months two-beds sold for AED 2,200,000 to 2,750,000, around AED 1,665 per sqft, and rent for AED 125,000 to 220,000 a year. 1008's AED 180,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
11 May 20262,300,000
20 Apr 20262,200,000
25 Feb 20262,750,000
19 Feb 20262,500,000
5 2-bed sales in the last 12 months

Prive by Damac Tower B

Building

526 apartments, studios to 2-bed over 32 floors in Business Bay, completed in 2019 by Namaa Properties Development. 47 sold in the last 12 months.

Typical price per sqft
AED 2,227 Down 6.4%
Typical sale
AED 1.02M
Typical rent
AED 75K /yr
Typical yield
6.6%
Prive by Damac Tower B, Business Bay: prices, sales and rents →

Other units on the 10th floor

All 526 units in Prive by Damac Tower B
Value
10011-bedAED 2.24M · Apr 2014
1002StudioAED 983K · Apr 2014
1003StudioAED 953K · Apr 2014
1004StudioAED 887K · Apr 2014
1005StudioAED 1.03M · Apr 2014
1006StudioAED 1.09M · Apr 2014
1007StudioAED 1.12M · Apr 2014
1–7 of 16

1008, Prive by Damac Tower B in numbers

  • Sold once: by Namaa Properties Development on 23 April 2014 for AED 3,220,800, or AED 2,286 per sqft.
  • Rented since May 2021 on 4 Ejari contracts, from AED 113,000 to AED 180,000 a year.
  • At AED 180,000 a year the gross yield on the 2014 price is 5.6%.
  • Two-beds in Prive by Damac Tower B sold for AED 2,200,000–2,750,000 in the 12 months to November 2026; the building's median across all types is AED 2,227 per sqft.

Source: Dubai Land Department. Updated 25 November 2024.

Questions about 1008, Prive by Damac Tower B

What did unit 1008 last sell for?

AED 3,220,800 on 23 April 2014, sold by the developer: AED 2,286 per sqft for 1,409 sqft. It is the only registered sale of the unit.

What is the rent for unit 1008?

AED 180,000 a year on the contract signed on 25 November 2024. The previous contract, from May 2023, was AED 155,000; the unit has been rented since May 2021.

How big is unit 1008?

1,409 sqft (130.9 sqm): a two-bedroom apartment on the 10th floor of a 32-storey tower completed in 2019.

What is unit 1008 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Prive by Damac Tower B sold for AED 2,200,000 to 2,750,000 in the last 12 months, around AED 1,665 per sqft.

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Mortgage on 1008, Prive by Damac Tower B

Starts from the last sale price (AED 3.22M, 23 April 2014). Switch to today's estimate once you have unlocked it.
Price
AED 3,220,800
Deposit, UAE resident (20%)
AED 644,160
Deposit, non-resident (40%)
AED 1,288,320
Monthly over 25 years at 3.7%
AED 13,177

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