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Studio · 491 sqftPrive by Damac Tower B, Business Bay · 16th floor · completed 2019

1607, Prive by Damac Tower B

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

Unit 1607 · DLD and Ejari recordsUpdated 1 August 2026
Last soldAED 345K28 September 2021
Current rentAED 60K /yr1 August 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1607, Prive by Damac Tower B

What is 1607 worth today?

Last sold for AED 345,000 in 2021

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1 Aug 2026RentedNew contract
AED 60,000/yr12 months · AED 121 per sqft
20 Jan 2026RentedNew contract
AED 80,000/yr12 months · AED 162 per sqft
20 Jan 2026RentedNew contract
AED 80,000/yr12 months · AED 163 per sqft
29 Nov 2024RentedNew contract
AED 100,000/yr12 months · AED 204 per sqft
24 Nov 2023RentedNew contract
AED 78,000/yr12 months · AED 158 per sqft
24 Nov 2022RentedNew contract
AED 72,000/yr12 months · AED 147 per sqft
28 Sep 2021SoldReady
AED 345,000AED 703 per sqft
14 Apr 2016Sold by developerOff-plan
AED 1,168,200AED 2,380 per sqft

Source: Dubai Land Department. Updated 1 August 2026.

Key facts

Type
Studio apartment
Size
491 sqft
Floor
16th of 32
Parking
P3-06
Developer
Namaa Properties Development
Completed
2019
Last sold
AED 345K · September 2021
Building
Prive by Damac Tower B

About 1607, Prive by Damac Tower B

1607 is a studio of 491 sqft on the 16th 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 28 September 2021 for AED 345,000, or AED 703 per sqft, 54% below the AED 1,524 studios in the building were fetching at the time.

It has been rented continuously since 2022 on 6 Ejari contracts. The current contract, signed on 1 August 2026, is AED 60,000 a year: a gross yield of 17.4% on the 2021 price.

Sales and rents for 1607 over time

Sales
Unit 1607, each saleTypical studio in Prive by Damac Tower B
500K1M2014201820222026Typical 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 2016: AED 1,168,200 (AED 2,380 per sqft)Sold, September 2021: AED 345,000 (AED 703 per sqft)

1607 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1607, each contractTypical studio in Prive by Damac Tower B
50K75K100K2020202220242026Typical 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, November 2022: AED 72,000 a yearNew contract, November 2023: AED 78,000 a yearNew contract, November 2024: AED 100,000 a yearNew contract, January 2026: AED 80,000 a yearNew contract, January 2026: AED 80,000 a yearNew contract, August 2026: AED 60,000 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 1607 sits

All 401 studios →

1607 last sold in September 2021 at AED 703 per sqft, 54% below what studios in Prive by Damac Tower B were fetching at the time (AED 1,524). 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. 1607's AED 60,000 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 16th floor

All 526 units in Prive by Damac Tower B
Value
1601StudioAED 1.05M · Aug 2023
1602StudioAED 790K · Aug 2022
1603StudioAED 911K · Jan 2016
1604StudioAED 1.05M · Sep 2024
1605StudioAED 880K · Dec 2025
1606StudioAED 1.09M · Feb 2025
16082-bedAED 3.03M · Jan 2019
1–7 of 18

1607, Prive by Damac Tower B in numbers

  • Sold twice: first on 14 April 2016 for AED 1,168,200, last on 28 September 2021 for AED 345,000 (AED 703 per sqft).
  • Rented since November 2022 on 6 Ejari contracts, from AED 72,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2021 price is 17.4%.
  • 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 1 August 2026.

Questions about 1607, Prive by Damac Tower B

What did unit 1607 last sell for?

AED 345,000 on 28 September 2021: AED 703 per sqft for 491 sqft. The unit has 2 registered sales; the first was AED 1,168,200 in April 2016.

What is the rent for unit 1607?

AED 60,000 a year on the contract signed on 1 August 2026. The previous contract, from January 2026, was AED 80,000; the unit has been rented since November 2022.

How big is unit 1607?

491 sqft (45.6 sqm): a studio on the 16th floor of a 32-storey tower completed in 2019.

What is unit 1607 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 1607, Prive by Damac Tower B

Starts from the last sale price (AED 345K, 28 September 2021). Switch to today's estimate once you have unlocked it.
Price
AED 345,000
Deposit, UAE resident (20%)
AED 69,000
Deposit, non-resident (40%)
AED 138,000
Monthly over 25 years at 3.7%
AED 1,412

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