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Studio · 491 sqftPrive by Damac Tower B, Business Bay · 3rd floor · completed 2019

307, Prive by Damac Tower B

Sold prices and rental history: sold twice, last in September 2023, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 307 · DLD and Ejari recordsUpdated 8 September 2023
Last soldAED 970K8 September 2023
Current rentAED 40K /yr1 November 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 307, Prive by Damac Tower B

What is 307 worth today?

Last sold for AED 970,000 in 2023

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8 Sep 2023SoldReady
AED 970,000AED 1,976 per sqft
1 Nov 2021RentedRenewal
AED 40,000/yr12 months · AED 81 per sqft
1 Nov 2020RentedNew contract
AED 40,000/yr12 months · AED 81 per sqft
26 Mar 2014Sold by developerOff-plan
AED 1,277,750AED 2,603 per sqft

Source: Dubai Land Department. Updated 8 September 2023.

Key facts

Type
Studio apartment
Size
491 sqft
Floor
3rd of 32
Parking
P2-01
Developer
Namaa Properties Development
Completed
2019
Last sold
AED 970K · September 2023
Building
Prive by Damac Tower B

About 307, Prive by Damac Tower B

307 is a studio of 491 sqft on the 3rd 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 8 September 2023 for AED 970,000, or AED 1,976 per sqft, in line with the AED 2,009 studios in the building were fetching at the time.

It has been rented since 2020 on 2 Ejari contracts. The current contract, renewed on 1 November 2021, is AED 40,000 a year: a gross yield of 4.1% on the 2023 price.

Sales and rents for 307 over time

Sales
Unit 307, each saleTypical studio in Prive by Damac Tower B
500K1M2014201820222026Typical 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, March 2014: AED 1,277,750 (AED 2,603 per sqft)Sold, September 2023: AED 970,000 (AED 1,976 per sqft)

307 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 307, 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, November 2020: AED 40,000 a yearRenewal, November 2021: AED 40,000 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 307 sits

All 401 studios →

307 last sold in September 2023 at AED 1,976 per sqft, in line with what studios in Prive by Damac Tower B were fetching at the time (AED 2,009). 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. 307's AED 40,000 is at the bottom 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 3rd floor

All 526 units in Prive by Damac Tower B
Value
3011-bedAED 1.25M · Dec 2020
302StudioAED 1M · Oct 2026
303StudioAED 936K · Jan 2024
304StudioAED 500K · Sep 2018
305StudioAED 1.12M · Mar 2014
306StudioAED 1.19M · Mar 2014
3082-bedAED 2.3M · May 2026
1–7 of 16

307, Prive by Damac Tower B in numbers

  • Sold twice: first on 26 March 2014 for AED 1,277,750, last on 8 September 2023 for AED 970,000 (AED 1,976 per sqft).
  • Rented since November 2020 on 2 Ejari contracts, at AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2023 price is 4.1%.
  • 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 8 September 2023.

Questions about 307, Prive by Damac Tower B

What did unit 307 last sell for?

AED 970,000 on 8 September 2023: AED 1,976 per sqft for 491 sqft. The unit has 2 registered sales; the first was AED 1,277,750 in March 2014.

What is the rent for unit 307?

AED 40,000 a year on the contract renewed on 1 November 2021. The previous contract, from November 2020, was AED 40,000.

How big is unit 307?

491 sqft (45.6 sqm): a studio on the 3rd floor of a 32-storey tower completed in 2019.

What is unit 307 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 307, Prive by Damac Tower B

Starts from the last sale price (AED 970K, 8 September 2023). Switch to today's estimate once you have unlocked it.
Price
AED 970,000
Deposit, UAE resident (20%)
AED 194,000
Deposit, non-resident (40%)
AED 388,000
Monthly over 25 years at 3.7%
AED 3,969

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