Studio · 408 sqftPrive by Damac Tower B, Business Bay · 7th floor · completed 2019

702, Prive by Damac Tower B

Sold prices and rental history: sold twice, last in August 2018, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 702 · DLD and Ejari recordsUpdated 26 February 2026
Last soldAED 578K7 August 2018
Current rentAED 75K /yr26 February 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 702, Prive by Damac Tower B

What is 702 worth today?

Last sold for AED 578,000 in 2018

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26 Feb 2026RentedRenewal
AED 75,000/yr12 months · AED 184 per sqft
26 Feb 2025RentedNew contract
AED 75,000/yr12 months · AED 184 per sqft
12 Jan 2024RentedNew contract
AED 80,000/yr12 months · AED 196 per sqft
8 Jan 2023RentedRenewal
AED 61,600/yr12 months · AED 151 per sqft
8 Jan 2022RentedNew contract
AED 56,000/yr12 months · AED 137 per sqft
1 Oct 2020RentedNew contract
AED 40,000/yr12 months · AED 98 per sqft
7 Aug 2018SoldOff-plan
AED 578,000AED 1,416 per sqft
12 Jun 2014Sold by developerOff-plan
AED 1,070,650AED 2,623 per sqft

Source: Dubai Land Department. Updated 26 February 2026.

Key facts

Type
Studio apartment
Size
408 sqft
Floor
7th of 32
Parking
P2-53
Developer
Namaa Properties Development
Completed
2019
Last sold
AED 578K · August 2018

About 702, Prive by Damac Tower B

702 is a studio of 408 sqft on the 7th 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 7 August 2018 for AED 578,000, or AED 1,416 per sqft, 24% below the AED 1,866 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, renewed on 26 February 2026, is AED 75,000 a year: a gross yield of 13.0% on the 2018 price.

Sales and rents for 702 over time

Sales
Unit 702, 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, June 2014: AED 1,070,650 (AED 2,623 per sqft)Sold, August 2018: AED 578,000 (AED 1,416 per sqft)

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

Rents
Unit 702, 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, October 2020: AED 40,000 a yearNew contract, January 2022: AED 56,000 a yearRenewal, January 2023: AED 61,600 a yearNew contract, January 2024: AED 80,000 a yearNew contract, February 2025: AED 75,000 a yearRenewal, February 2026: AED 75,000 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 702 sits

All 401 studios →

702 last sold in August 2018 at AED 1,416 per sqft, 24% below what studios in Prive by Damac Tower B were fetching at the time (AED 1,866). 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. 702's AED 75,000 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 7th floor

All 526 units in Prive by Damac Tower B
Value
7011-bedAED 1.23M · Nov 2020
703StudioAED 1.05M · Jun 2014
704StudioAED 920K · Nov 2024
705StudioAED 1.12M · Jun 2014
706StudioAED 1.02M · Jan 2024
707StudioAED 1M · Feb 2024
7082-bedAED 2.2M · Apr 2026
1–7 of 16

702, Prive by Damac Tower B in numbers

  • Sold twice: first on 12 June 2014 for AED 1,070,650, last on 7 August 2018 for AED 578,000 (AED 1,416 per sqft).
  • Rented since October 2020 on 6 Ejari contracts, from AED 40,000 to AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2018 price is 13.0%.
  • 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 February 2026.

Questions about 702, Prive by Damac Tower B

What did unit 702 last sell for?

AED 578,000 on 7 August 2018: AED 1,416 per sqft for 408 sqft. The unit has 2 registered sales; the first was AED 1,070,650 in June 2014.

What is the rent for unit 702?

AED 75,000 a year on the contract renewed on 26 February 2026. The previous contract, from February 2025, was AED 75,000; the unit has been rented since October 2020.

How big is unit 702?

408 sqft (37.9 sqm): a studio on the 7th floor of a 32-storey tower completed in 2019.

What is unit 702 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 702, Prive by Damac Tower B

Starts from the last sale price (AED 578K, 7 August 2018). Switch to today's estimate once you have unlocked it.
Price
AED 578,000
Deposit, UAE resident (20%)
AED 115,600
Deposit, non-resident (40%)
AED 231,200
Monthly over 25 years at 3.7%
AED 2,365

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