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

503, Prive by Damac Tower B

Sold prices and rental history: sold once, by the developer in May 2014, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 503 · DLD and Ejari recordsUpdated 26 May 2014
Last soldAED 1.31M26 May 2014
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 503, Prive by Damac Tower B

What is 503 worth today?

Last sold for AED 1,305,300 in 2014

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26 May 2014Sold by developerOff-plan
AED 1,305,300AED 3,195 per sqft

Source: Dubai Land Department. Updated 26 May 2014.

Key facts

Type
Studio apartment
Size
408 sqft
Floor
5th of 32
Parking
P2-22
Developer
Namaa Properties Development
Completed
2019
Last sold
AED 1.31M · May 2014

About 503, Prive by Damac Tower B

503 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. The developer sold it on 26 May 2014 for AED 1,305,300, or AED 3,195 per sqft, 23% above the AED 2,595 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 503 over time

Sales
Unit 503, 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, May 2014: AED 1,305,300 (AED 3,195 per sqft)

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

Rents
Unit 503, 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 503 sits

All 401 studios →

503 last sold in May 2014 at AED 3,195 per sqft, 23% above what studios in Prive by Damac Tower B were fetching at the time (AED 2,595). 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
502StudioAED 1.07M · Jan 2017
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

503, Prive by Damac Tower B in numbers

  • Sold once: by Namaa Properties Development on 26 May 2014 for AED 1,305,300, or AED 3,195 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 26 May 2014.

Questions about 503, Prive by Damac Tower B

What did unit 503 last sell for?

AED 1,305,300 on 26 May 2014, sold by the developer: AED 3,195 per sqft for 408 sqft. It is the only registered sale of the unit.

How big is unit 503?

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

What is unit 503 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 503, Prive by Damac Tower B

Starts from the last sale price (AED 1.31M, 26 May 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,305,300
Deposit, UAE resident (20%)
AED 261,060
Deposit, non-resident (40%)
AED 522,120
Monthly over 25 years at 3.7%
AED 5,340

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