Studio · 396 sqftPrive by Damac Tower B, Business Bay · 4th floor · completed 2019

403, Prive by Damac Tower B

Sold prices and rental history: sold once, by the developer in May 2017, and rented once, from November 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 403 · DLD and Ejari recordsUpdated 18 November 2023
Last soldAED 872K9 May 2017
Current rentAED 75K /yr18 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 403, Prive by Damac Tower B

What is 403 worth today?

Last sold for AED 872,000 in 2017

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18 Nov 2023RentedNew contract
AED 75,001/yr12 months · AED 194 per sqft
9 May 2017Sold by developerOff-plan
AED 872,000AED 2,200 per sqft

Source: Dubai Land Department. Updated 18 November 2023.

Key facts

Type
Studio apartment
Size
396 sqft
Floor
4th of 32
Parking
nan
Developer
Namaa Properties Development
Completed
2019
Last sold
AED 872K · May 2017

About 403, Prive by Damac Tower B

403 is a studio of 396 sqft on the 4th 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 9 May 2017 for AED 872,000, or AED 2,200 per sqft, 8% below the AED 2,380 studios in the building were fetching at the time.

One Ejari contract is registered, from 18 November 2023. The current contract, signed on 18 November 2023, is AED 75,001 a year: a gross yield of 8.6% on the 2017 price.

Sales and rents for 403 over time

Sales
Unit 403, 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, May 2017: AED 872,000 (AED 2,200 per sqft)

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

Rents
Unit 403, 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 2023: AED 75,001 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 403 sits

All 401 studios →

403 last sold in May 2017 at AED 2,200 per sqft, 8% below what studios in Prive by Damac Tower B were fetching at the time (AED 2,380). 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. 403's AED 75,001 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 4th floor

All 526 units in Prive by Damac Tower B
Value
401StudioAED 899K · Dec 2022
402StudioAED 740K · Sep 2022
404StudioAED 750K · Aug 2023
405StudioAED 1.1M · Jun 2015
406StudioAED 1.2M · Jun 2015
407StudioAED 1.25M · Jun 2015
4082-bedAED 2.84M · Oct 2018
1–7 of 18

403, Prive by Damac Tower B in numbers

  • Sold once: by Namaa Properties Development on 9 May 2017 for AED 872,000, or AED 2,200 per sqft.
  • Rented since November 2023 on one Ejari contract, at AED 75,001 a year.
  • At AED 75,001 a year the gross yield on the 2017 price is 8.6%.
  • 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 18 November 2023.

Questions about 403, Prive by Damac Tower B

What did unit 403 last sell for?

AED 872,000 on 9 May 2017, sold by the developer: AED 2,200 per sqft for 396 sqft. It is the only registered sale of the unit.

What is the rent for unit 403?

AED 75,001 a year on the contract signed on 18 November 2023.

How big is unit 403?

396 sqft (36.8 sqm): a studio on the 4th floor of a 32-storey tower completed in 2019.

What is unit 403 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 403, Prive by Damac Tower B

Starts from the last sale price (AED 872K, 9 May 2017). Switch to today's estimate once you have unlocked it.
Price
AED 872,000
Deposit, UAE resident (20%)
AED 174,400
Deposit, non-resident (40%)
AED 348,800
Monthly over 25 years at 3.7%
AED 3,568

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