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Studio · 431 sqftPrive by Damac Tower B, Business Bay · 24th floor · completed 2019

2416, Prive by Damac Tower B

Sold prices and rental history: sold once, by the developer in April 2016, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2416 · DLD and Ejari recordsUpdated 4 February 2025
Last soldAED 944K7 April 2016
Current rentAED 80K /yr4 February 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2416, Prive by Damac Tower B

What is 2416 worth today?

Last sold for AED 944,281 in 2016

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4 Feb 2025RentedRenewal
AED 80,000/yr12 months · AED 186 per sqft
4 Feb 2024RentedNew contract
AED 80,000/yr12 months · AED 186 per sqft
18 Jan 2023RentedNew contract
AED 71,000/yr12 months · AED 165 per sqft
7 Apr 2016Sold by developerOff-plan
AED 944,281AED 2,189 per sqft

Source: Dubai Land Department. Updated 4 February 2025.

Key facts

Type
Studio apartment
Size
431 sqft
Floor
24th of 32
Parking
P3-148
Developer
Namaa Properties Development
Completed
2019
Last sold
AED 944K · April 2016
Building
Prive by Damac Tower B

About 2416, Prive by Damac Tower B

2416 is a studio of 431 sqft on the 24th 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 7 April 2016 for AED 944,281, or AED 2,189 per sqft, 6% below the AED 2,317 studios in the building were fetching at the time.

It has been rented since 2023 on 3 Ejari contracts. The current contract, renewed on 4 February 2025, is AED 80,000 a year: a gross yield of 8.5% on the 2016 price.

Sales and rents for 2416 over time

Sales
Unit 2416, 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 944,281 (AED 2,189 per sqft)

2416 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 2416, 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 2023: AED 71,000 a yearNew contract, February 2024: AED 80,000 a yearRenewal, February 2025: AED 80,000 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 2416 sits

All 401 studios →

2416 last sold in April 2016 at AED 2,189 per sqft, 6% below what studios in Prive by Damac Tower B were fetching at the time (AED 2,317). 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. 2416's AED 80,000 is in the upper 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 24th floor

All 526 units in Prive by Damac Tower B
Value
24011-bedAED 2.49M · Aug 2014
2402StudioAED 1.24M · Mar 2015
2403StudioAED 910K · Jun 2026
2404StudioAED 1M · Jan 2025
2405StudioAED 900K · Apr 2026
2406StudioAED 1.32M · Mar 2015
2407StudioAED 1.04M · Oct 2025
1–7 of 16

2416, Prive by Damac Tower B in numbers

  • Sold once: by Namaa Properties Development on 7 April 2016 for AED 944,281, or AED 2,189 per sqft.
  • Rented since January 2023 on 3 Ejari contracts, from AED 71,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2016 price is 8.5%.
  • 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 4 February 2025.

Questions about 2416, Prive by Damac Tower B

What did unit 2416 last sell for?

AED 944,281 on 7 April 2016, sold by the developer: AED 2,189 per sqft for 431 sqft. It is the only registered sale of the unit.

What is the rent for unit 2416?

AED 80,000 a year on the contract renewed on 4 February 2025. The previous contract, from February 2024, was AED 80,000; the unit has been rented since January 2023.

How big is unit 2416?

431 sqft (40.0 sqm): a studio on the 24th floor of a 32-storey tower completed in 2019.

What is unit 2416 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 2416, Prive by Damac Tower B

Starts from the last sale price (AED 944K, 7 April 2016). Switch to today's estimate once you have unlocked it.
Price
AED 944,281
Deposit, UAE resident (20%)
AED 188,856
Deposit, non-resident (40%)
AED 377,712
Monthly over 25 years at 3.7%
AED 3,863

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