Home
Dubai prices
About
Research
Studio · 449 sqftPrive by Damac Tower B, Business Bay · 14th floor · completed 2019

1401, Prive by Damac Tower B

Sold prices and rental history: sold twice, last in December 2022, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1401 · DLD and Ejari recordsUpdated 6 October 2024
Last soldAED 702K20 December 2022
Current rentAED 52K /yr6 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 1401

Property timeline for 1401, Prive by Damac Tower B

What is 1401 worth today?

Last sold for AED 702,406 in 2022

Unlock today's estimate, updated daily, with

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

6 Oct 2024RentedRenewal
AED 52,100/yr12 months · AED 115 per sqft
5 Oct 2023RentedNew contract
AED 49,480/yr12 months · AED 109 per sqft
20 Dec 2022SoldReady
AED 702,406AED 1,564 per sqft
6 Oct 2022RentedRenewal
AED 47,250/yr12 months · AED 105 per sqft
6 Oct 2021RentedRenewal
AED 45,000/yr12 months · AED 100 per sqft
5 Oct 2020RentedNew contract
AED 42,885/yr12 months · AED 95 per sqft
29 Sep 2016Sold by developerOff-plan
AED 1,062,977AED 2,368 per sqft

Source: Dubai Land Department. Updated 6 October 2024.

Key facts

Type
Studio apartment
Size
449 sqft
Floor
14th of 32
Parking
nan
Developer
Namaa Properties Development
Completed
2019
Last sold
AED 702K · December 2022
Building
Prive by Damac Tower B

About 1401, Prive by Damac Tower B

1401 is a studio of 449 sqft on the 14th 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 20 December 2022 for AED 702,406, or AED 1,564 per sqft, 19% below the AED 1,923 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 6 October 2024, is AED 52,100 a year: a gross yield of 7.4% on the 2022 price.

Sales and rents for 1401 over time

Sales
Unit 1401, 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, September 2016: AED 1,062,977 (AED 2,368 per sqft)Sold, December 2022: AED 702,406 (AED 1,564 per sqft)

1401 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1401, 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, October 2020: AED 42,885 a yearRenewal, October 2021: AED 45,000 a yearRenewal, October 2022: AED 47,250 a yearNew contract, October 2023: AED 49,480 a yearRenewal, October 2024: AED 52,100 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 1401 sits

All 401 studios →

1401 last sold in December 2022 at AED 1,564 per sqft, 19% below what studios in Prive by Damac Tower B were fetching at the time (AED 1,923). 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. 1401's AED 52,100 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 14th floor

All 526 units in Prive by Damac Tower B
Value
1402StudioAED 1.08M · Apr 2014
1403StudioAED 1.05M · Apr 2014
1404StudioAED 975K · Apr 2014
1405StudioAED 950K · Oct 2022
1406StudioAED 1.02M · Feb 2026
1407StudioAED 736K · Oct 2023
14082-bedAED 2.14M · Jan 2022
1–7 of 18

1401, Prive by Damac Tower B in numbers

  • Sold twice: first on 29 September 2016 for AED 1,062,977, last on 20 December 2022 for AED 702,406 (AED 1,564 per sqft).
  • Rented since October 2020 on 5 Ejari contracts, from AED 42,885 to AED 52,100 a year.
  • At AED 52,100 a year the gross yield on the 2022 price is 7.4%.
  • 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 6 October 2024.

Questions about 1401, Prive by Damac Tower B

What did unit 1401 last sell for?

AED 702,406 on 20 December 2022: AED 1,564 per sqft for 449 sqft. The unit has 2 registered sales; the first was AED 1,062,977 in September 2016.

What is the rent for unit 1401?

AED 52,100 a year on the contract renewed on 6 October 2024. The previous contract, from October 2023, was AED 49,480; the unit has been rented since October 2020.

How big is unit 1401?

449 sqft (41.7 sqm): a studio on the 14th floor of a 32-storey tower completed in 2019.

What is unit 1401 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.

Selling 1401? 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 1401, Prive by Damac Tower B

Starts from the last sale price (AED 702K, 20 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 702,406
Deposit, UAE resident (20%)
AED 140,481
Deposit, non-resident (40%)
AED 280,962
Monthly over 25 years at 3.7%
AED 2,874

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