1-bed · 801 sqftPrive by Damac Tower B, Business Bay · 28th floor · completed 2019

2803, Prive by Damac Tower B

Sold prices and rental history: sold once, by the developer in November 2020, and rented once, from September 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2803 · DLD and Ejari recordsUpdated 2 September 2022
Last soldAED 1.1M8 November 2020
Current rentAED 110K /yr2 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2803, Prive by Damac Tower B

What is 2803 worth today?

Last sold for AED 1,098,000 in 2020

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2 Sep 2022RentedNew contract
AED 110,000/yr12 months · AED 138 per sqft
8 Nov 2020Sold by developerReady
AED 1,098,000AED 1,370 per sqft

Source: Dubai Land Department. Updated 2 September 2022.

Key facts

Type
1-bed apartment
Size
801 sqft
Floor
28th of 32
Parking
P3-195
Developer
Namaa Properties Development
Completed
2019
Last sold
AED 1.1M · November 2020

About 2803, Prive by Damac Tower B

2803 is a one-bedroom apartment of 801 sqft on the 28th 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 8 November 2020 for AED 1,098,000, or AED 1,370 per sqft, 20% below the AED 1,721 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 2 September 2022. The current contract, signed on 2 September 2022, is AED 110,000 a year: a gross yield of 10.0% on the 2020 price.

Sales and rents for 2803 over time

Sales
Unit 2803, each saleTypical one-bed in Prive by Damac Tower B
1M2M2014201820222026Typical sale price by year: 2014 AED 2,440,800; 2017 AED 1,992,000; 2018 AED 1,830,150; 2019 AED 2,113,000; 2020 AED 1,569,985; 2021 AED 1,470,425; 2022 AED 1,740,925; 2023 AED 1,700,000; 2024 AED 1,600,500; 2025 AED 1,600,000; 2026 AED 1,762,386Sold by developer, November 2020: AED 1,098,000 (AED 1,370 per sqft)

2803 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2803, each contractTypical one-bed in Prive by Damac Tower B
75K100K125K2020202220242026Typical rent by year: 2020 AED 75,500; 2021 AED 80,000; 2022 AED 90,000; 2023 AED 110,000; 2024 AED 115,000; 2025 AED 120,000; 2026 AED 100,000New contract, September 2022: AED 110,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Prive by Damac Tower B, and where 2803 sits

All 88 1-beds →

2803 last sold in November 2020 at AED 1,370 per sqft, 20% below what one-beds in Prive by Damac Tower B were fetching at the time (AED 1,721). Over the last 12 months one-beds sold for AED 1,700,000 to 2,280,000, around AED 1,986 per sqft, and rent for AED 80,000 to 168,000 a year. 2803's AED 110,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
7 Sep 20261,824,772
17 Feb 20261,700,000
5 Feb 20261,700,000
27 Jan 20262,280,000
4 1-bed 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 28th floor

All 526 units in Prive by Damac Tower B
Value
28011-bedAED 1.75M · Mar 2021
28021-bedAED 1.14M · Jan 2021
28041-bedAED 1.72M · Dec 2021
28052-bedAED 2.8M · Nov 2025
28062-bedAED 2.73M · Apr 2022
28071-bedAED 2.25M · Nov 2023

2803, Prive by Damac Tower B in numbers

  • Sold once: by Namaa Properties Development on 8 November 2020 for AED 1,098,000, or AED 1,370 per sqft.
  • Rented since September 2022 on one Ejari contract, at AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2020 price is 10.0%.
  • One-beds in Prive by Damac Tower B sold for AED 1,700,000–2,280,000 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 2 September 2022.

Questions about 2803, Prive by Damac Tower B

What did unit 2803 last sell for?

AED 1,098,000 on 8 November 2020, sold by the developer: AED 1,370 per sqft for 801 sqft. It is the only registered sale of the unit.

What is the rent for unit 2803?

AED 110,000 a year on the contract signed on 2 September 2022.

How big is unit 2803?

801 sqft (74.4 sqm): a one-bedroom apartment on the 28th floor of a 32-storey tower completed in 2019.

What is unit 2803 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Prive by Damac Tower B sold for AED 1,700,000 to 2,280,000 in the last 12 months, around AED 1,986 per sqft.

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Mortgage on 2803, Prive by Damac Tower B

Starts from the last sale price (AED 1.1M, 8 November 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,098,000
Deposit, UAE resident (20%)
AED 219,600
Deposit, non-resident (40%)
AED 439,200
Monthly over 25 years at 3.7%
AED 4,492

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