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Studio · 419 sqftPrive by Damac Tower B, Business Bay · 15th floor · completed 2019

1516, Prive by Damac Tower B

Sold prices and rental history: sold once, by the developer in April 2014, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1516 · DLD and Ejari recordsUpdated 3 September 2026
Last soldAED 1.08M29 April 2014
Current rentAED 70K /yr3 September 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1516, Prive by Damac Tower B

What is 1516 worth today?

Last sold for AED 1,082,050 in 2014

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3 Sep 2026RentedNew contract
AED 70,000/yr12 months · AED 167 per sqft
6 Feb 2026RentedNew contract
AED 85,000/yr12 months · AED 202 per sqft
15 Feb 2025RentedNew contract
AED 80,000/yr12 months · AED 191 per sqft
15 Feb 2025RentedNew contract
AED 80,000/yr12 months · AED 191 per sqft
25 Dec 2023RentedRenewal
AED 73,000/yr12 months · AED 174 per sqft
25 Dec 2022RentedNew contract
AED 73,000/yr12 months · AED 174 per sqft
27 Dec 2021RentedNew contract
AED 75,000/yr12 months · AED 179 per sqft
17 Dec 2020RentedNew contract
AED 45,000/yr12 months · AED 107 per sqft

Source: Dubai Land Department. Updated 3 September 2026.

Key facts

Type
Studio apartment
Size
419 sqft
Floor
15th of 32
Parking
P2-222
Developer
Namaa Properties Development
Completed
2019
Last sold
AED 1.08M · April 2014
Building
Prive by Damac Tower B

About 1516, Prive by Damac Tower B

1516 is a studio of 419 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. The developer sold it on 29 April 2014 for AED 1,082,050, or AED 2,582 per sqft, in line with the AED 2,582 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 8 Ejari contracts. The current contract, signed on 3 September 2026, is AED 70,000 a year: a gross yield of 6.5% on the 2014 price.

Sales and rents for 1516 over time

Sales
Unit 1516, 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 1,082,050 (AED 2,582 per sqft)

1516 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1516, 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, December 2020: AED 45,000 a yearNew contract, December 2021: AED 75,000 a yearNew contract, December 2022: AED 73,000 a yearRenewal, December 2023: AED 73,000 a yearNew contract, February 2025: AED 80,000 a yearNew contract, February 2025: AED 80,000 a yearNew contract, February 2026: AED 85,000 a yearNew contract, September 2026: AED 70,000 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 1516 sits

All 401 studios →

1516 last sold in April 2014 at AED 2,582 per sqft, in line with what studios in Prive by Damac Tower B were fetching at the time (AED 2,582). 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. 1516's AED 70,000 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 15th floor

All 526 units in Prive by Damac Tower B
Value
1501StudioAED 950K · Dec 2025
1502StudioAED 1.13M · May 2014
1503StudioAED 1.05M · May 2025
1504StudioAED 976K · May 2014
1505StudioAED 1.16M · Nov 2023
1506StudioAED 1.11M · Jul 2023
1507StudioAED 1.13M · Dec 2023
1–7 of 18

1516, Prive by Damac Tower B in numbers

  • Sold once: by Namaa Properties Development on 29 April 2014 for AED 1,082,050, or AED 2,582 per sqft.
  • Rented since December 2020 on 8 Ejari contracts, from AED 45,000 to AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2014 price is 6.5%.
  • 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 3 September 2026.

Questions about 1516, Prive by Damac Tower B

What did unit 1516 last sell for?

AED 1,082,050 on 29 April 2014, sold by the developer: AED 2,582 per sqft for 419 sqft. It is the only registered sale of the unit.

What is the rent for unit 1516?

AED 70,000 a year on the contract signed on 3 September 2026. The previous contract, from February 2026, was AED 85,000; the unit has been rented since December 2020.

How big is unit 1516?

419 sqft (38.9 sqm): a studio on the 15th floor of a 32-storey tower completed in 2019.

What is unit 1516 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 1516, Prive by Damac Tower B

Starts from the last sale price (AED 1.08M, 29 April 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,082,050
Deposit, UAE resident (20%)
AED 216,410
Deposit, non-resident (40%)
AED 432,820
Monthly over 25 years at 3.7%
AED 4,427

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