Studio · 431 sqftPrive by Damac Tower B, Business Bay · 7th floor · completed 2019

713, Prive by Damac Tower B

Sold prices and rental history: sold twice, last in November 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 713 · DLD and Ejari recordsUpdated 13 November 2024
Last soldAED 1.05M13 November 2024
Current rentAED 48K /yr17 May 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 713, Prive by Damac Tower B

What is 713 worth today?

Last sold for AED 1,050,000 in 2024

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13 Nov 2024SoldReady
AED 1,050,000AED 2,435 per sqft
17 May 2022RentedNew contract
AED 48,000/yr12 months · AED 111 per sqft
1 May 2021RentedNew contract
AED 43,000/yr12 months · AED 100 per sqft
26 Mar 2014Sold by developerOff-plan
AED 1,123,850AED 2,606 per sqft

Source: Dubai Land Department. Updated 13 November 2024.

Key facts

Type
Studio apartment
Size
431 sqft
Floor
7th of 32
Parking
P2-62
Developer
Namaa Properties Development
Completed
2019
Last sold
AED 1.05M · November 2024

About 713, Prive by Damac Tower B

713 is a studio of 431 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 13 November 2024 for AED 1,050,000, or AED 2,435 per sqft, in line with the AED 2,370 studios in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 17 May 2022, is AED 48,000 a year: a gross yield of 4.6% on the 2024 price.

Sales and rents for 713 over time

Sales
Unit 713, 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, March 2014: AED 1,123,850 (AED 2,606 per sqft)Sold, November 2024: AED 1,050,000 (AED 2,435 per sqft)

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

Rents
Unit 713, 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, May 2021: AED 43,000 a yearNew contract, May 2022: AED 48,000 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 713 sits

All 401 studios →

713 last sold in November 2024 at AED 2,435 per sqft, in line with what studios in Prive by Damac Tower B were fetching at the time (AED 2,370). 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. 713's AED 48,000 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
702StudioAED 578K · Aug 2018
703StudioAED 1.05M · Jun 2014
704StudioAED 920K · Nov 2024
705StudioAED 1.12M · Jun 2014
706StudioAED 1.02M · Jan 2024
707StudioAED 1M · Feb 2024
1–7 of 16

713, Prive by Damac Tower B in numbers

  • Sold twice: first on 26 March 2014 for AED 1,123,850, last on 13 November 2024 for AED 1,050,000 (AED 2,435 per sqft).
  • Rented since May 2021 on 2 Ejari contracts, from AED 43,000 to AED 48,000 a year.
  • At AED 48,000 a year the gross yield on the 2024 price is 4.6%.
  • 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 13 November 2024.

Questions about 713, Prive by Damac Tower B

What did unit 713 last sell for?

AED 1,050,000 on 13 November 2024: AED 2,435 per sqft for 431 sqft. The unit has 2 registered sales; the first was AED 1,123,850 in March 2014.

What is the rent for unit 713?

AED 48,000 a year on the contract signed on 17 May 2022. The previous contract, from May 2021, was AED 43,000.

How big is unit 713?

431 sqft (40.0 sqm): a studio on the 7th floor of a 32-storey tower completed in 2019.

What is unit 713 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 713, Prive by Damac Tower B

Starts from the last sale price (AED 1.05M, 13 November 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,050,000
Deposit, UAE resident (20%)
AED 210,000
Deposit, non-resident (40%)
AED 420,000
Monthly over 25 years at 3.7%
AED 4,296

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