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Studio · 396 sqftPrive by Damac Tower B, Business Bay · 15th floor · completed 2019

1503, Prive by Damac Tower B

Sold prices and rental history: sold twice, last in May 2025, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1503 · DLD and Ejari recordsUpdated 4 December 2025
Last soldAED 1.05M23 May 2025
Current rentAED 79K /yr4 December 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1503, Prive by Damac Tower B

What is 1503 worth today?

Last sold for AED 1,050,000 in 2025

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4 Dec 2025RentedNew contract
AED 78,730/yr12 months · AED 198 per sqft
23 May 2025SoldReady
AED 1,050,000AED 2,650 per sqft
23 Nov 2024RentedRenewal
AED 75,000/yr12 months · AED 188 per sqft
23 Nov 2023RentedNew contract
AED 71,000/yr12 months · AED 178 per sqft
18 Feb 2022RentedNew contract
AED 55,000/yr12 months · AED 139 per sqft
18 Jan 2021RentedNew contract
AED 45,000/yr12 months · AED 113 per sqft
14 May 2014Sold by developerOff-plan
AED 1,048,800AED 2,647 per sqft

Source: Dubai Land Department. Updated 4 December 2025.

Key facts

Type
Studio apartment
Size
396 sqft
Floor
15th of 32
Parking
P2-204
Developer
Namaa Properties Development
Completed
2019
Last sold
AED 1.05M · May 2025
Building
Prive by Damac Tower B

About 1503, Prive by Damac Tower B

1503 is a studio of 396 sqft on the 15th 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 23 May 2025 for AED 1,050,000, or AED 2,650 per sqft, 10% above the AED 2,415 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 4 December 2025, is AED 78,730 a year: a gross yield of 7.5% on the 2025 price.

Sales and rents for 1503 over time

Sales
Unit 1503, 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, May 2014: AED 1,048,800 (AED 2,647 per sqft)Sold, May 2025: AED 1,050,000 (AED 2,650 per sqft)

1503 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1503, 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 45,000 a yearNew contract, February 2022: AED 55,000 a yearNew contract, November 2023: AED 71,000 a yearRenewal, November 2024: AED 75,000 a yearNew contract, December 2025: AED 78,730 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 1503 sits

All 401 studios →

1503 last sold in May 2025 at AED 2,650 per sqft, 10% above what studios in Prive by Damac Tower B were fetching at the time (AED 2,415). 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. 1503's AED 78,730 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 15th floor

All 526 units in Prive by Damac Tower B
Value
1501StudioAED 950K · Dec 2025
1502StudioAED 1.13M · May 2014
1504StudioAED 976K · May 2014
1505StudioAED 1.16M · Nov 2023
1506StudioAED 1.11M · Jul 2023
1507StudioAED 1.13M · Dec 2023
15082-bedAED 2.1M · May 2024
1–7 of 18

1503, Prive by Damac Tower B in numbers

  • Sold twice: first on 14 May 2014 for AED 1,048,800, last on 23 May 2025 for AED 1,050,000 (AED 2,650 per sqft).
  • Rented since January 2021 on 5 Ejari contracts, from AED 45,000 to AED 78,730 a year.
  • At AED 78,730 a year the gross yield on the 2025 price is 7.5%.
  • 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 4 December 2025.

Questions about 1503, Prive by Damac Tower B

What did unit 1503 last sell for?

AED 1,050,000 on 23 May 2025: AED 2,650 per sqft for 396 sqft. The unit has 2 registered sales; the first was AED 1,048,800 in May 2014.

What is the rent for unit 1503?

AED 78,730 a year on the contract signed on 4 December 2025. The previous contract, from November 2024, was AED 75,000; the unit has been rented since January 2021.

How big is unit 1503?

396 sqft (36.8 sqm): a studio on the 15th floor of a 32-storey tower completed in 2019.

What is unit 1503 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 1503, Prive by Damac Tower B

Starts from the last sale price (AED 1.05M, 23 May 2025). Switch to today's estimate once you have unlocked it.
Price
AED 1,050,000
Deposit, UAE resident (20%)
AED 210,000
Deposit, non-resident (40%)
AED 420,000
Monthly over 25 years at 3.7%
AED 4,296

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