2516, Prive by Damac Tower B
Sold prices and rental history: sold 3 times, last in August 2024, and rented once, from September 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2516, Prive by Damac Tower B
What is 2516 worth today?
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Source: Dubai Land Department. Updated 20 August 2024.
Key facts
- Type
- Studio apartment
- Size
- 420 sqft
- Floor
- 25th of 32
- Parking
- nan
- Developer
- Namaa Properties Development
- Completed
- 2019
- Last sold
- AED 1.04M · August 2024
- Building
- Prive by Damac Tower B
About 2516, Prive by Damac Tower B
2516 is a studio of 420 sqft on the 25th 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 20 August 2024 for AED 1,040,000, or AED 2,477 per sqft, 4% above the AED 2,371 studios in the building were fetching at the time.
One Ejari contract is registered, from 14 September 2021. The current contract, signed on 14 September 2021, is AED 42,000 a year: a gross yield of 4.0% on the 2024 price.
Sales and rents for 2516 over time
2516 has sold 3 times; 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 2516 sits
All 401 studios →2516 last sold in August 2024 at AED 2,477 per sqft, 4% above what studios in Prive by Damac Tower B were fetching at the time (AED 2,371). 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. 2516's AED 42,000 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 25th floor
All 526 units in Prive by Damac Tower B| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2501 | 1-bed | 947 sqft | AED 1.63MAED 1,633,000 · Mar 2020March 2020 | ||
| 2502 | Studio | 401 sqft | AED 708KAED 708,000 · Mar 2020March 2020 | ||
| 2503 | Studio | 397 sqft | AED 940KAED 940,000 · Dec 2016December 2016 | 80,216 /yr | |
| 2504 | Studio | 372 sqft | AED 823KAED 823,200 · Apr 2016April 2016 | 52,000 /yr | |
| 2505 | Studio | 432 sqft | AED 962KAED 961,800 · Apr 2016April 2016 | ||
| 2506 | Studio | 471 sqft | AED 950KAED 950,000 · Jun 2023June 2023 | 100,000 /yr | |
| 2507 | Studio | 491 sqft | AED 1.19MAED 1,187,000 · Apr 2024April 2024 | ||
| 2508 | 2-bed | 1,409 sqft | AED 2.46MAED 2,460,000 · Mar 2020March 2020 | ||
| 2509 | 1-bed | 955 sqft | AED 2.11MAED 2,111,000 · Nov 2019November 2019 | 85,000 /yr | |
| 2510 | Studio | 438 sqft | AED 1.08MAED 1,080,000 · Apr 2025April 2025 | 65,000 /yr | |
| 2511 | Studio | 489 sqft | AED 950KAED 950,000 · May 2023May 2023 | 57,000 /yr | |
| 2512 | Studio | 471 sqft | AED 925KAED 925,000 · Jul 2022July 2022 | ||
| 2513 | Studio | 431 sqft | AED 964KAED 963,900 · Apr 2016April 2016 | ||
| 2514 | Studio | 373 sqft | AED 930KAED 930,000 · Feb 2026February 2026 | 54,000 /yr | |
| 2515 | Studio | 402 sqft | AED 830KAED 830,000 · Sep 2023September 2023 | 132,000 /yr | |
| 2517 | 1-bed | 976 sqft | AED 1.68MAED 1,684,000 · Mar 2020March 2020 | 126,000 /yr |
2516, Prive by Damac Tower B in numbers
- Sold 3 times: first on 16 May 2019 for AED 976,000, last on 20 August 2024 for AED 1,040,000 (AED 2,477 per sqft).
- Rented since September 2021 on one Ejari contract, at AED 42,000 a year.
- At AED 42,000 a year the gross yield on the 2024 price is 4.0%.
- 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 20 August 2024.
Questions about 2516, Prive by Damac Tower B
What did unit 2516 last sell for?
AED 1,040,000 on 20 August 2024: AED 2,477 per sqft for 420 sqft. The unit has 3 registered sales; the first was AED 976,000 in May 2019.
What is the rent for unit 2516?
AED 42,000 a year on the contract signed on 14 September 2021.
How big is unit 2516?
420 sqft (39.0 sqm): a studio on the 25th floor of a 32-storey tower completed in 2019.
What is unit 2516 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 2516, Prive by Damac Tower B
Starts from the last sale price (AED 1.04M, 20 August 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,040,000
- Deposit, UAE resident (20%)
- AED 208,000
- Deposit, non-resident (40%)
- AED 416,000
- Monthly over 25 years at 3.7%
- AED 4,255
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →