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Studio · 432 sqftPrive by Damac Tower B, Business Bay · 14th floor · completed 2019

1405, Prive by Damac Tower B

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

Unit 1405 · DLD and Ejari recordsUpdated 27 October 2022
Last soldAED 950K27 October 2022
Current rentAED 55K /yr18 October 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1405, Prive by Damac Tower B

What is 1405 worth today?

Last sold for AED 950,000 in 2022

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27 Oct 2022SoldReady
AED 950,000AED 2,200 per sqft
18 Oct 2021RentedNew contract
AED 55,000/yr12 months · AED 128 per sqft
17 Apr 2014Sold by developerOff-plan
AED 1,128,600AED 2,614 per sqft

Source: Dubai Land Department. Updated 27 October 2022.

Key facts

Type
Studio apartment
Size
432 sqft
Floor
14th of 32
Parking
P2-184
Developer
Namaa Properties Development
Completed
2019
Last sold
AED 950K · October 2022
Building
Prive by Damac Tower B

About 1405, Prive by Damac Tower B

1405 is a studio of 432 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 27 October 2022 for AED 950,000, or AED 2,200 per sqft, 17% above the AED 1,879 studios in the building were fetching at the time.

One Ejari contract is registered, from 18 October 2021. The current contract, signed on 18 October 2021, is AED 55,000 a year: a gross yield of 5.8% on the 2022 price.

Sales and rents for 1405 over time

Sales
Unit 1405, 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, April 2014: AED 1,128,600 (AED 2,614 per sqft)Sold, October 2022: AED 950,000 (AED 2,200 per sqft)

1405 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1405, 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 2021: AED 55,000 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 1405 sits

All 401 studios →

1405 last sold in October 2022 at AED 2,200 per sqft, 17% above what studios in Prive by Damac Tower B were fetching at the time (AED 1,879). 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. 1405's AED 55,000 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 14th floor

All 526 units in Prive by Damac Tower B
Value
1401StudioAED 702K · Dec 2022
1402StudioAED 1.08M · Apr 2014
1403StudioAED 1.05M · Apr 2014
1404StudioAED 975K · Apr 2014
1406StudioAED 1.02M · Feb 2026
1407StudioAED 736K · Oct 2023
14082-bedAED 2.14M · Jan 2022
1–7 of 18

1405, Prive by Damac Tower B in numbers

  • Sold twice: first on 17 April 2014 for AED 1,128,600, last on 27 October 2022 for AED 950,000 (AED 2,200 per sqft).
  • Rented since October 2021 on one Ejari contract, at AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2022 price is 5.8%.
  • 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 27 October 2022.

Questions about 1405, Prive by Damac Tower B

What did unit 1405 last sell for?

AED 950,000 on 27 October 2022: AED 2,200 per sqft for 432 sqft. The unit has 2 registered sales; the first was AED 1,128,600 in April 2014.

What is the rent for unit 1405?

AED 55,000 a year on the contract signed on 18 October 2021.

How big is unit 1405?

432 sqft (40.1 sqm): a studio on the 14th floor of a 32-storey tower completed in 2019.

What is unit 1405 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 1405, Prive by Damac Tower B

Starts from the last sale price (AED 950K, 27 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 950,000
Deposit, UAE resident (20%)
AED 190,000
Deposit, non-resident (40%)
AED 380,000
Monthly over 25 years at 3.7%
AED 3,887

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