Studio · 431 sqftPrive by Damac Tower B, Business Bay · 11th floor · completed 2019

1113, Prive by Damac Tower B

Sold prices and rental history: sold twice, last in March 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1113 · DLD and Ejari recordsUpdated 18 March 2024
Last soldAED 1.1M18 March 2024
Current rentAED 72K /yr10 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1113, Prive by Damac Tower B

What is 1113 worth today?

Last sold for AED 1,100,000 in 2024

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18 Mar 2024SoldReady
AED 1,100,000AED 2,551 per sqft
10 Feb 2023RentedNew contract
AED 72,000/yr12 months · AED 167 per sqft
2 Jan 2022RentedRenewal
AED 40,000/yr12 months · AED 93 per sqft
2 Jan 2021RentedNew contract
AED 40,000/yr12 months · AED 93 per sqft
26 Mar 2014Sold by developerOff-plan
AED 1,128,600AED 2,617 per sqft

Source: Dubai Land Department. Updated 18 March 2024.

Key facts

Type
Studio apartment
Size
431 sqft
Floor
11th of 32
Parking
P2-133
Developer
Namaa Properties Development
Completed
2019
Last sold
AED 1.1M · March 2024

About 1113, Prive by Damac Tower B

1113 is a studio of 431 sqft on the 11th floor of Prive by Damac Tower B, a 32-storey tower in Business Bay completed in 2019 by Namaa Properties Development. It last sold on 18 March 2024 for AED 1,100,000, or AED 2,551 per sqft, 8% above the AED 2,359 studios in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 10 February 2023, is AED 72,000 a year: a gross yield of 6.6% on the 2024 price.

Sales and rents for 1113 over time

Sales
Unit 1113, each saleTypical studio in Prive by Damac Tower B
1M2014201820222026Typical sale price by year: 2014 AED 1,100,100; 2015 AED 1,179,750; 2016 AED 966,000; 2017 AED 1,072,000; 2018 AED 612,500; 2019 AED 924,444; 2020 AED 729,000; 2021 AED 745,000; 2022 AED 825,000; 2023 AED 945,000; 2024 AED 1,010,000; 2025 AED 1,050,000; 2026 AED 930,000Sold by developer, March 2014: AED 1,128,600 (AED 2,617 per sqft)Sold, March 2024: AED 1,100,000 (AED 2,551 per sqft)

1113 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1113, each contractTypical studio in Prive by Damac Tower B
40K60K80K2020202220242026Typical rent by year: 2020 AED 45,000; 2021 AED 45,000; 2022 AED 60,000; 2023 AED 66,000; 2024 AED 70,000; 2025 AED 75,000; 2026 AED 65,000New contract, January 2021: AED 40,000 a yearRenewal, January 2022: AED 40,000 a yearNew contract, February 2023: AED 72,000 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 B, and where 1113 sits

All 401 studios →

1113 last sold in March 2024 at AED 2,551 per sqft, 8% above what studios in Prive by Damac Tower B were fetching at the time (AED 2,359). Over the last 12 months studios sold for AED 425,000 to 1,250,000, around AED 2,241 per sqft, and rent for AED 40,000 to 120,000 a year. 1113's AED 72,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
3 Nov 2026920,000
19 Oct 2026920,000
15 Oct 2026888,000
14 Oct 20261,000,000
38 studio 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 11th floor

All 526 units in Prive by Damac Tower B
Value
1101StudioAED 900K · May 2023
1102StudioAED 960K · Oct 2023
1103StudioAED 888K · Oct 2026
1104StudioAED 760K · Jun 2022
1105StudioAED 1.12M · Mar 2014
1106StudioAED 800K · Apr 2019
1107StudioAED 1.29M · Mar 2014
1–7 of 18

1113, Prive by Damac Tower B in numbers

  • Sold twice: first on 26 March 2014 for AED 1,128,600, last on 18 March 2024 for AED 1,100,000 (AED 2,551 per sqft).
  • Rented since January 2021 on 3 Ejari contracts, from AED 40,000 to AED 72,000 a year.
  • At AED 72,000 a year the gross yield on the 2024 price is 6.6%.
  • Studios in Prive by Damac Tower B sold for AED 425,000–1,250,000 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 18 March 2024.

Questions about 1113, Prive by Damac Tower B

What did unit 1113 last sell for?

AED 1,100,000 on 18 March 2024: AED 2,551 per sqft for 431 sqft. The unit has 2 registered sales; the first was AED 1,128,600 in March 2014.

What is the rent for unit 1113?

AED 72,000 a year on the contract signed on 10 February 2023. The previous contract, from January 2022, was AED 40,000; the unit has been rented since January 2021.

How big is unit 1113?

431 sqft (40.0 sqm): a studio on the 11th floor of a 32-storey tower completed in 2019.

What is unit 1113 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 B sold for AED 425,000 to 1,250,000 in the last 12 months, around AED 2,241 per sqft.

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Mortgage on 1113, Prive by Damac Tower B

Starts from the last sale price (AED 1.1M, 18 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,100,000
Deposit, UAE resident (20%)
AED 220,000
Deposit, non-resident (40%)
AED 440,000
Monthly over 25 years at 3.7%
AED 4,500

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