516, Prive by Damac Tower B
Sold prices and rental history: sold once, by the developer in August 2014, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 516, Prive by Damac Tower B
What is 516 worth today?
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Source: Dubai Land Department. Updated 8 December 2025.
Key facts
- Type
- Studio apartment
- Size
- 431 sqft
- Floor
- 5th of 32
- Parking
- P2-34
- Developer
- Namaa Properties Development
- Completed
- 2019
- Last sold
- AED 1.07M · August 2014
- Building
- Prive by Damac Tower B
About 516, Prive by Damac Tower B
516 is a studio of 431 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 5 August 2014 for AED 1,065,900, or AED 2,471 per sqft, 5% below the AED 2,597 studios in the building were fetching at the time.
It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 8 December 2025, is AED 82,500 a year: a gross yield of 7.7% on the 2014 price.
Sales and rents for 516 over time
516 has sold once; the dashed line is the studio median of each year in the building.
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 516 sits
All 401 studios →516 last sold in August 2014 at AED 2,471 per sqft, 5% below what studios in Prive by Damac Tower B were fetching at the time (AED 2,597). 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. 516's AED 82,500 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Nov 20263 November 2026 | 419 sqft | 920,000 | 2,195 | ||
| 19 Oct 202619 October 2026 | 396 sqft | 920,000 | 2,321 | ||
| 15 Oct 202615 October 2026 | 396 sqft | 888,000 | 2,241 | ||
| 14 Oct 202614 October 2026 | 401 sqft | 1,000,000 | 2,496 |
Prive by Damac Tower B
Building526 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%
Other units on the 5th floor
All 526 units in Prive by Damac Tower B| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 923 sqft | AED 1.19MAED 1,189,040 · Dec 2020December 2020 | 80,000 /yr | |
| 502 | Studio | 408 sqft | AED 1.07MAED 1,065,900 · Jan 2017January 2017 | ||
| 503 | Studio | 408 sqft | AED 1.31MAED 1,305,300 · May 2014May 2014 | ||
| 504 | Studio | 373 sqft | AED 968KAED 968,050 · Apr 2014April 2014 | 70,000 /yr | |
| 505 | Studio | 432 sqft | AED 1MAED 1,000,000 · Apr 2024April 2024 | 60,167 /yr | |
| 506 | Studio | 443 sqft | AED 1.13MAED 1,133,350 · Apr 2017April 2017 | 78,000 /yr | |
| 507 | Studio | 418 sqft | AED 988KAED 988,000 · Jul 2024July 2024 | 60,000 /yr | |
| 508 | 2-bed | 1,342 sqft | AED 2.55MAED 2,550,000 · Aug 2025August 2025 | 100,000 /yr | |
| 510 | Studio | 414 sqft | AED 1.1MAED 1,098,200 · Mar 2014March 2014 | 70,000 /yr | |
| 511 | Studio | 416 sqft | AED 1.06MAED 1,059,250 · Mar 2014March 2014 | 65,000 /yr | |
| 512 | Studio | 443 sqft | AED 1.42MAED 1,416,450 · Oct 2014October 2014 | 56,000 /yr | |
| 513 | Studio | 431 sqft | AED 1.44MAED 1,435,225 · Jan 2015January 2015 | 75,000 /yr | |
| 514 | Studio | 373 sqft | AED 968KAED 968,050 · Jun 2014June 2014 | 60,000 /yr | |
| 515 | Studio | 414 sqft | AED 1.04MAED 1,044,000 · May 2014May 2014 | 58,432 /yr | |
| 517 | 1-bed | 933 sqft | AED 1.5MAED 1,500,000 · Dec 2024December 2024 | 131,000 /yr |
516, Prive by Damac Tower B in numbers
- Sold once: by Namaa Properties Development on 5 August 2014 for AED 1,065,900, or AED 2,471 per sqft.
- Rented since August 2021 on 5 Ejari contracts, from AED 45,000 to AED 82,500 a year.
- At AED 82,500 a year the gross yield on the 2014 price is 7.7%.
- 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 December 2025.
Questions about 516, Prive by Damac Tower B
What did unit 516 last sell for?
AED 1,065,900 on 5 August 2014, sold by the developer: AED 2,471 per sqft for 431 sqft. It is the only registered sale of the unit.
What is the rent for unit 516?
AED 82,500 a year on the contract signed on 8 December 2025. The previous contract, from August 2024, was AED 50,925; the unit has been rented since August 2021.
How big is unit 516?
431 sqft (40.0 sqm): a studio on the 5th floor of a 32-storey tower completed in 2019.
What is unit 516 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 516, Prive by Damac Tower B
Starts from the last sale price (AED 1.07M, 5 August 2014). 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 →