1616, 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.
Property timeline for 1616, Prive by Damac Tower B
What is 1616 worth today?
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Source: Dubai Land Department. Updated 1 May 2026.
Key facts
- Type
- Studio apartment
- Size
- 419 sqft
- Floor
- 16th of 32
- Parking
- P3-13
- Developer
- Namaa Properties Development
- Completed
- 2019
- Last sold
- AED 975K · April 2016
- Building
- Prive by Damac Tower B
About 1616, Prive by Damac Tower B
1616 is a studio of 419 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 27 April 2016 for AED 974,600, or AED 2,325 per sqft, in line with the AED 2,294 studios in the building were fetching at the time.
It has been rented continuously since 2021 on 8 Ejari contracts. The current contract, signed on 1 May 2026, is AED 55,000 a year: a gross yield of 5.6% on the 2016 price.
Sales and rents for 1616 over time
1616 has sold once; the dashed line is the studio median of each year in the building.
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 1616 sits
All 401 studios →1616 last sold in April 2016 at AED 2,325 per sqft, in line with what studios in Prive by Damac Tower B were fetching at the time (AED 2,294). 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. 1616's AED 55,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Nov 20263 November 2026 | 419 sqft | 920,000 | 2,195 | ||
| 19 Oct 202619 October 2026 | 396 sqft | 920,000 | 2,321 | ||
| 15 Oct 202615 October 2026 | 396 sqft | 888,000 | 2,241 | ||
| 14 Oct 202614 October 2026 | 401 sqft | 1,000,000 | 2,496 |
Prive by Damac Tower B
Building526 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%
Other units on the 16th floor
All 526 units in Prive by Damac Tower B| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | Studio | 469 sqft | AED 1.05MAED 1,050,000 · Aug 2023August 2023 | 70,000 /yr | |
| 1602 | Studio | 401 sqft | AED 790KAED 790,000 · Aug 2022August 2022 | 70,000 /yr | |
| 1603 | Studio | 396 sqft | AED 911KAED 910,800 · Jan 2016January 2016 | ||
| 1604 | Studio | 373 sqft | AED 1.05MAED 1,050,000 · Sep 2024September 2024 | 60,500 /yr | |
| 1605 | Studio | 432 sqft | AED 880KAED 880,000 · Dec 2025December 2025 | 80,000 /yr | |
| 1606 | Studio | 471 sqft | AED 1.09MAED 1,085,000 · Feb 2025February 2025 | 100,000 /yr | |
| 1607 | Studio | 491 sqft | AED 345KAED 345,000 · Sep 2021September 2021 | 60,000 /yr | |
| 1608 | 2-bed | 1,381 sqft | AED 3.03MAED 3,030,000 · Jan 2019January 2019 | 140,000 /yr | |
| 1609 | 1-bed | 982 sqft | AED 1.6MAED 1,600,000 · Oct 2025October 2025 | 120,000 /yr | |
| 1610 | Studio | 438 sqft | AED 1.05MAED 1,050,000 · Nov 2023November 2023 | 85,000 /yr | |
| 1611 | Studio | 489 sqft | AED 1.17MAED 1,172,000 · Jun 2023June 2023 | ||
| 1612 | Studio | 471 sqft | AED 1.15MAED 1,148,400 · Apr 2016April 2016 | 62,370 /yr | |
| 1613 | Studio | 431 sqft | AED 822KAED 822,220 · Aug 2022August 2022 | ||
| 1614 | Studio | 373 sqft | AED 960KAED 960,000 · Dec 2025December 2025 | 44,000 /yr | |
| 1615 | Studio | 402 sqft | AED 1.05MAED 1,050,000 · Dec 2024December 2024 | 80,000 /yr | |
| 1617 | Studio | 453 sqft | AED 1.08MAED 1,080,583 · Sep 2016September 2016 | 52,000 /yr | |
| 1601A | Studio | 453 sqft | AED 885KAED 884,940 · Jul 2022July 2022 | 60,000 /yr | |
| 1617A | Studio | 459 sqft | AED 900KAED 900,000 · Mar 2025March 2025 | 63,000 /yr |
1616, Prive by Damac Tower B in numbers
- Sold once: by Namaa Properties Development on 27 April 2016 for AED 974,600, or AED 2,325 per sqft.
- Rented since February 2021 on 8 Ejari contracts, from AED 44,000 to AED 55,000 a year.
- At AED 55,000 a year the gross yield on the 2016 price is 5.6%.
- 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 May 2026.
Questions about 1616, Prive by Damac Tower B
What did unit 1616 last sell for?
AED 974,600 on 27 April 2016, sold by the developer: AED 2,325 per sqft for 419 sqft. It is the only registered sale of the unit.
What is the rent for unit 1616?
AED 55,000 a year on the contract signed on 1 May 2026. The previous contract, from December 2025, was AED 80,000; the unit has been rented since February 2021.
How big is unit 1616?
419 sqft (38.9 sqm): a studio on the 16th floor of a 32-storey tower completed in 2019.
What is unit 1616 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 1616, Prive by Damac Tower B
Starts from the last sale price (AED 975K, 27 April 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 974,600
- Deposit, UAE resident (20%)
- AED 194,920
- Deposit, non-resident (40%)
- AED 389,840
- Monthly over 25 years at 3.7%
- AED 3,987
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →