Studio · 495 sqftOrchid B, Damac Hills · 3rd floor · completed 2018

B304, Orchid B

Sold prices and rental history: sold once, by the developer in August 2023, and rented once, from July 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit B304 · DLD and Ejari recordsUpdated 20 July 2024
Last soldAED 783K3 August 2023
Current rentAED 42K /yr20 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for B304, Orchid B

What is B304 worth today?

Last sold for AED 783,000 in 2023

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20 Jul 2024RentedNew contract
AED 42,000/yr12 months · AED 85 per sqft
3 Aug 2023Sold by developerReady
AED 783,000AED 1,583 per sqft

Source: Dubai Land Department. Updated 20 July 2024.

Key facts

Type
Studio apartment
Size
495 sqft
Floor
3rd of 8
Parking
LG-9
Developer
DAMAC
Completed
2018
Service charge
AED 7,300 /yr
Last sold
AED 783K · August 2023
Building
Orchid B

About B304, Orchid B

B304 is a studio of 495 sqft on the 3rd floor of Orchid B, a 8-storey tower in Damac Hills completed in 2018 by DAMAC. The developer sold it on 3 August 2023 for AED 783,000, or AED 1,583 per sqft, 10% above the AED 1,437 studios in the building were fetching at the time.

One Ejari contract is registered, from 20 July 2024. The current contract, signed on 20 July 2024, is AED 42,000 a year: a gross yield of 5.4% on the 2023 price, before the service charge of about AED 7,300 a year.

Sales and rents for B304 over time

Sales
Unit B304, each saleTypical studio in Orchid B
400K600K800K2014201820222026Typical sale price by year: 2014 AED 724,850; 2017 AED 688,000; 2022 AED 444,500; 2023 AED 754,000; 2024 AED 500,000; 2026 AED 582,921Sold by developer, August 2023: AED 783,000 (AED 1,583 per sqft)

B304 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit B304, each contractTypical studio in Orchid B
30K40K50K20192021202320252027Typical rent by year: 2019 AED 33,000; 2020 AED 28,500; 2021 AED 28,000; 2022 AED 33,000; 2023 AED 34,906; 2024 AED 43,500; 2025 AED 45,500; 2026 AED 47,500New contract, July 2024: AED 42,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Orchid B, and where B304 sits

All 25 studios →

B304 last sold in August 2023 at AED 1,583 per sqft, 10% above what studios in Orchid B were fetching at the time (AED 1,437). Over the last 12 months studios sold for AED 490,000 to 626,000, around AED 1,136 per sqft, and rent for AED 36,384 to 57,500 a year. B304's AED 42,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
4 Nov 2026550,000
12 Oct 2026570,000
23 Sep 2026580,000
3 Jul 2026600,000
9 studio sales in the last 12 months

Orchid B

Building

84 apartments, studios to 3-bed over 8 floors in Damac Hills, completed in 2018 by DAMAC. 12 sold in the last 12 months.

Typical price per sqft
AED 1,143
Typical sale
AED 588K
Typical rent
AED 70K /yr
Typical yield
8.1%
Orchid B, Damac Hills: prices, sales and rents →

Other units on the 3rd floor

All 84 units in Orchid B
Value
B3012-bedAED 1.11M · Dec 2021
B302A2-bedAED 1.38M · Apr 2022
B302BStudioAED 490K · Feb 2026
B3031-bedAED 776K · May 2022
B305StudioAED 882K · Nov 2024
B306StudioAED 754K · Oct 2023
B3071-bedAED 807K · Mar 2022
1–7 of 12

B304, Orchid B in numbers

  • Sold once: by DAMAC on 3 August 2023 for AED 783,000, or AED 1,583 per sqft.
  • Rented since July 2024 on one Ejari contract, at AED 42,000 a year.
  • At AED 42,000 a year the gross yield on the 2023 price is 5.4%, before a service charge of about AED 7,300 a year (AED 14.68 per sqft).
  • Studios in Orchid B sold for AED 490,000–626,000 in the 12 months to November 2026; the building's median across all types is AED 1,143 per sqft.

Source: Dubai Land Department. Updated 20 July 2024.

Questions about B304, Orchid B

What did unit B304 last sell for?

AED 783,000 on 3 August 2023, sold by the developer: AED 1,583 per sqft for 495 sqft. It is the only registered sale of the unit.

What is the rent for unit B304?

AED 42,000 a year on the contract signed on 20 July 2024.

How big is unit B304?

495 sqft (46.0 sqm): a studio on the 3rd floor of a 8-storey tower completed in 2018.

What is unit B304 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Orchid B sold for AED 490,000 to 626,000 in the last 12 months, around AED 1,136 per sqft.

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Mortgage on B304, Orchid B

Starts from the last sale price (AED 783K, 3 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 783,000
Deposit, UAE resident (20%)
AED 156,600
Deposit, non-resident (40%)
AED 313,200
Monthly over 25 years at 3.7%
AED 3,203

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