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Studio · 453 sqftPrive by Damac Tower B, Business Bay · 16th floor · completed 2019

1617, Prive by Damac Tower B

Sold prices and rental history: sold once, by the developer in September 2016, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1617 · DLD and Ejari recordsUpdated 1 May 2026
Last soldAED 1.08M29 September 2016
Current rentAED 52K /yr1 May 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1617, Prive by Damac Tower B

What is 1617 worth today?

Last sold for AED 1,080,583 in 2016

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1 May 2026RentedNew contract
AED 52,000/yr12 months · AED 115 per sqft
15 Apr 2025RentedNew contract
AED 80,000/yr12 months · AED 177 per sqft
15 Apr 2025RentedNew contract
AED 80,000/yr12 months · AED 177 per sqft
1 Mar 2024RentedNew contract
AED 80,000/yr12 months · AED 177 per sqft
19 Dec 2022RentedRenewal
AED 54,853/yr12 months · AED 121 per sqft
19 Dec 2021RentedNew contract
AED 55,000/yr12 months · AED 122 per sqft
16 Dec 2020RentedNew contract
AED 39,893/yr12 months · AED 88 per sqft
29 Sep 2016Sold by developerOff-plan
AED 1,080,583AED 2,386 per sqft

Source: Dubai Land Department. Updated 1 May 2026.

Key facts

Type
Studio apartment
Size
453 sqft
Floor
16th of 32
Parking
nan
Developer
Namaa Properties Development
Completed
2019
Last sold
AED 1.08M · September 2016
Building
Prive by Damac Tower B

About 1617, Prive by Damac Tower B

1617 is a studio of 453 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 29 September 2016 for AED 1,080,583, or AED 2,386 per sqft, 6% above the AED 2,261 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 7 Ejari contracts. The current contract, signed on 1 May 2026, is AED 52,000 a year: a gross yield of 4.8% on the 2016 price.

Sales and rents for 1617 over time

Sales
Unit 1617, 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, September 2016: AED 1,080,583 (AED 2,386 per sqft)

1617 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1617, 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 39,893 a yearNew contract, December 2021: AED 55,000 a yearRenewal, December 2022: AED 54,853 a yearNew contract, March 2024: AED 80,000 a yearNew contract, April 2025: AED 80,000 a yearNew contract, April 2025: AED 80,000 a yearNew contract, May 2026: AED 52,000 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 1617 sits

All 401 studios →

1617 last sold in September 2016 at AED 2,386 per sqft, 6% above what studios in Prive by Damac Tower B were fetching at the time (AED 2,261). 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. 1617's AED 52,000 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
1607StudioAED 345K · Sep 2021
1–7 of 18

1617, Prive by Damac Tower B in numbers

  • Sold once: by Namaa Properties Development on 29 September 2016 for AED 1,080,583, or AED 2,386 per sqft.
  • Rented since December 2020 on 7 Ejari contracts, from AED 39,893 to AED 52,000 a year.
  • At AED 52,000 a year the gross yield on the 2016 price is 4.8%.
  • 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 1617, Prive by Damac Tower B

What did unit 1617 last sell for?

AED 1,080,583 on 29 September 2016, sold by the developer: AED 2,386 per sqft for 453 sqft. It is the only registered sale of the unit.

What is the rent for unit 1617?

AED 52,000 a year on the contract signed on 1 May 2026. The previous contract, from April 2025, was AED 80,000; the unit has been rented since December 2020.

How big is unit 1617?

453 sqft (42.1 sqm): a studio on the 16th floor of a 32-storey tower completed in 2019.

What is unit 1617 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 1617, Prive by Damac Tower B

Starts from the last sale price (AED 1.08M, 29 September 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,080,583
Deposit, UAE resident (20%)
AED 216,117
Deposit, non-resident (40%)
AED 432,233
Monthly over 25 years at 3.7%
AED 4,421

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