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Studio · 471 sqftPrive by Damac Tower B, Business Bay · 16th floor · completed 2019

1612, Prive by Damac Tower B

Sold prices and rental history: sold once, by the developer in April 2016, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1612 · DLD and Ejari recordsUpdated 24 January 2026
Last soldAED 1.15M14 April 2016
Current rentAED 62K /yr24 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1612, Prive by Damac Tower B

What is 1612 worth today?

Last sold for AED 1,148,400 in 2016

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24 Jan 2026RentedRenewal
AED 62,370/yr12 months · AED 132 per sqft
24 Jan 2025RentedNew contract
AED 56,700/yr12 months · AED 120 per sqft
24 Jan 2024RentedRenewal
AED 54,000/yr12 months · AED 114 per sqft
24 Jan 2024RentedRenewal
AED 54,000/yr12 months · AED 117 per sqft
24 Jan 2023RentedRenewal
AED 54,000/yr12 months · AED 114 per sqft
24 Jan 2022RentedRenewal
AED 49,500/yr12 months · AED 105 per sqft
24 Jan 2021RentedNew contract
AED 45,000/yr12 months · AED 95 per sqft
14 Apr 2016Sold by developerOff-plan
AED 1,148,400AED 2,436 per sqft

Source: Dubai Land Department. Updated 24 January 2026.

Key facts

Type
Studio apartment
Size
471 sqft
Floor
16th of 32
Parking
P3-10
Developer
Namaa Properties Development
Completed
2019
Last sold
AED 1.15M · April 2016
Building
Prive by Damac Tower B

About 1612, Prive by Damac Tower B

1612 is a studio of 471 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. The developer sold it on 14 April 2016 for AED 1,148,400, or AED 2,436 per sqft, 6% above the AED 2,296 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 7 Ejari contracts. The current contract, renewed on 24 January 2026, is AED 62,370 a year: a gross yield of 5.4% on the 2016 price.

Sales and rents for 1612 over time

Sales
Unit 1612, 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 2016: AED 1,148,400 (AED 2,436 per sqft)

1612 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1612, 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 yearRenewal, January 2022: AED 49,500 a yearRenewal, January 2023: AED 54,000 a yearRenewal, January 2024: AED 54,000 a yearRenewal, January 2024: AED 54,000 a yearNew contract, January 2025: AED 56,700 a yearRenewal, January 2026: AED 62,370 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 1612 sits

All 401 studios →

1612 last sold in April 2016 at AED 2,436 per sqft, 6% above what studios in Prive by Damac Tower B were fetching at the time (AED 2,296). 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. 1612's AED 62,370 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
1607StudioAED 345K · Sep 2021
1–7 of 18

1612, Prive by Damac Tower B in numbers

  • Sold once: by Namaa Properties Development on 14 April 2016 for AED 1,148,400, or AED 2,436 per sqft.
  • Rented since January 2021 on 7 Ejari contracts, from AED 45,000 to AED 62,370 a year.
  • At AED 62,370 a year the gross yield on the 2016 price is 5.4%.
  • 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 24 January 2026.

Questions about 1612, Prive by Damac Tower B

What did unit 1612 last sell for?

AED 1,148,400 on 14 April 2016, sold by the developer: AED 2,436 per sqft for 471 sqft. It is the only registered sale of the unit.

What is the rent for unit 1612?

AED 62,370 a year on the contract renewed on 24 January 2026. The previous contract, from January 2025, was AED 56,700; the unit has been rented since January 2021.

How big is unit 1612?

471 sqft (43.8 sqm): a studio on the 16th floor of a 32-storey tower completed in 2019.

What is unit 1612 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 1612, Prive by Damac Tower B

Starts from the last sale price (AED 1.15M, 14 April 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,148,400
Deposit, UAE resident (20%)
AED 229,680
Deposit, non-resident (40%)
AED 459,360
Monthly over 25 years at 3.7%
AED 4,698

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