Studio · 408 sqftPrive by Damac Tower B, Business Bay · 5th floor · completed 2019

502, Prive by Damac Tower B

Sold prices and rental history: sold 3 times, last in January 2017, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502 · DLD and Ejari recordsUpdated 11 January 2017
Last soldAED 1.07M11 January 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 502, Prive by Damac Tower B

What is 502 worth today?

Last sold for AED 1,065,900 in 2017

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11 Jan 2017SoldOff-plan
AED 1,065,900AED 2,612 per sqft
28 Nov 2016SoldOff-plan
AED 1,065,900AED 2,612 per sqft
10 Apr 2014Sold by developerOff-plan
AED 1,065,900AED 2,612 per sqft

Source: Dubai Land Department. Updated 11 January 2017.

Key facts

Type
Studio apartment
Size
408 sqft
Floor
5th of 32
Parking
P2-21
Developer
Namaa Properties Development
Completed
2019
Last sold
AED 1.07M · January 2017

About 502, Prive by Damac Tower B

502 is a studio of 408 sqft on the 5th 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 11 January 2017 for AED 1,065,900, or AED 2,612 per sqft, 14% above the AED 2,294 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 502 over time

Sales
Unit 502, 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 2014: AED 1,065,900 (AED 2,612 per sqft)Sold, November 2016: AED 1,065,900 (AED 2,612 per sqft)Sold, January 2017: AED 1,065,900 (AED 2,612 per sqft)

502 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 502, 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 65,000

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 502 sits

All 401 studios →

502 last sold in January 2017 at AED 2,612 per sqft, 14% above what studios in Prive by Damac Tower B were fetching at the time (AED 2,294). 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.

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 5th floor

All 526 units in Prive by Damac Tower B
Value
5011-bedAED 1.19M · Dec 2020
503StudioAED 1.31M · May 2014
504StudioAED 968K · Apr 2014
505StudioAED 1M · Apr 2024
506StudioAED 1.13M · Apr 2017
507StudioAED 988K · Jul 2024
5082-bedAED 2.55M · Aug 2025
1–7 of 15

502, Prive by Damac Tower B in numbers

  • Sold 3 times: first on 10 April 2014 for AED 1,065,900, last on 11 January 2017 for AED 1,065,900 (AED 2,612 per sqft).
  • 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 11 January 2017.

Questions about 502, Prive by Damac Tower B

What did unit 502 last sell for?

AED 1,065,900 on 11 January 2017: AED 2,612 per sqft for 408 sqft. The unit has 3 registered sales; the first was AED 1,065,900 in April 2014.

How big is unit 502?

408 sqft (37.9 sqm): a studio on the 5th floor of a 32-storey tower completed in 2019.

What is unit 502 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 502, Prive by Damac Tower B

Starts from the last sale price (AED 1.07M, 11 January 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,065,900
Deposit, UAE resident (20%)
AED 213,180
Deposit, non-resident (40%)
AED 426,360
Monthly over 25 years at 3.7%
AED 4,361

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