Prive by Damac in Business Bay - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for off-plan (pre registration and delayed sell) properties in Prive by Damac

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
Studio	46	25,751	1,174,000

Sales prices for completed properties in Prive by Damac

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
Studio	40	26,215	1,047,222
1	90	17,948	1,610,000
2	130	21,170	2,750,000

Rents in Prive by Damac

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
Studio	40	1,904	76,851
1	81	1,605	130,000
2	128	1,309	167,500

The cap rate (rental yield) of investments into Prive by Damac project is 7.9% on average.

The price of an apartment in Prive by Damac is 24,234 AED/sqm on average.

Price for off-plan Studio apartment in Prive by Damac is 1,174,000 AED or 25,751 AED/sqm.

Price for completed Studio apartment in Prive by Damac is 1,047,222 AED or 26,215 AED/sqm.
Price for completed 1 bedroom apartment in Prive by Damac is 1,610,000 AED or 17,948 AED/sqm.
Price for completed 2 bedroom apartment in Prive by Damac is 2,750,000 AED or 21,170 AED/sqm.

Rent in Prive by Damac is 21,170 AED/sqm/year on average for long term rent of an apartment.

Rent for Studio apartment in Prive by Damac is 76,851 AED or 1,904 AED/sqm.
Rent for 1 bedroom apartment in Prive by Damac is 130,000 AED or 1,605 AED/sqm.
Rent for 2 bedroom apartment in Prive by Damac is 167,500 AED or 1,309 AED/sqm.

About Prive by Damac

'Prive by Damac' in 'Business Bay' area project description

Prive By Damac is a luxurious residential development located in the heart of Dubai. The project is developed by Damac Properties, one of the leading real estate developers in the UAE. It is situated in the prestigious Business Bay area, close to the Burj Khalifa, the world’s tallest building.

The project offers a selection of 1, 2, 3 and 4 bedroom apartments, as well as penthouses and duplexes. All of the units feature modern and stylish interiors, with high-end finishes and fixtures. The apartments also come with balconies and terraces, offering stunning views of the Dubai skyline.

The development also features a range of amenities and facilities, including a temperature-controlled swimming pool, a fully-equipped gym, a spa, a sauna, a steam room, a Jacuzzi, a children’s play area, a multi-purpose hall, a business centre, and a retail area.

Residents of Prive By Damac can also enjoy a range of recreational activities, such as tennis, basketball, and squash courts, as well as a mini-golf course. The development also offers a variety of dining options, including a restaurant, a café, and a lounge.

The project is also conveniently located close to a range of shopping, dining, and entertainment options, including the Dubai Mall and the Dubai Marina. It is also close to the Dubai International Financial Centre and the Dubai International Airport.

Overall, Prive By Damac is an ideal option for those looking for a luxurious and modern lifestyle in the heart of Dubai. With its high-end apartments, range of amenities and facilities, and convenient location, it is the perfect place to call home.

Q&A on Prive by Damac

What are the advantages of 'Prive by Damac' project in Dubai for property buyers? What are the disadvantages?

1. Prime Location: Prive by Damac is located in the heart of Dubai, close to the city’s most popular attractions, such as the Dubai Mall and the Burj Khalifa. This makes it an ideal location for real estate buyers who want to be close to the action.

2. Luxurious Amenities: Prive by Damac offers a wide range of luxurious amenities, such as a private beach, a fully-equipped gym, a spa, a swimming pool, and a private cinema.

3. High-End Finishes: The apartments in Prive by Damac are finished to a high standard, with modern fixtures and fittings. This makes them an attractive option for real estate buyers who want to live in a luxurious and stylish home.

4. Affordable Prices: Despite its luxurious amenities and high-end finishes, Prive by Damac is surprisingly affordable. This makes it an attractive option for real estate buyers who want to enjoy the best of Dubai without breaking the bank.

What projects are better than 'Prive by Damac' project in Dubai which are located close by, and why?

- The Opus by Omniyat:
- Architecture by Zaha Hadid: Iconic design and premium luxury.
- Mixed-use development: Offers offices, residences, a hotel, and retail spaces.
- Strategic location: Close proximity to Dubai Water Canal, offering spectacular views.

- Paramount Tower Hotel & Residences:
- Hollywood-themed luxury: Designed in collaboration with Paramount Pictures.
- Comprehensive amenities: Features high-end restaurants, an infinity pool, and a fitness center.
- Central location: Situated on Sheikh Zayed Road, providing excellent connectivity.

- Executive Towers:
- Established community: Offers a wide range of residential and commercial units.
- Amenities: Includes swimming pools, gyms, retail outlets, and direct access to Bay Avenue park.
- Accessibility: Connected to the Business Bay metro station and major road networks.

- The Vision Tower:
- Premium office spaces: Known for its cutting-edge design and facilities.
- Business hub: Attracts top-tier companies, providing networking opportunities.
- High-profile location: Strategically placed near major business and financial centers.

- AYKON City:
- Mixed-use mega-development: Features residential units, office spaces, retail outlets, and a hotel.
- Extensive amenities: Leisure deck, swimming pools, and a fitness center.
- Unique features: Includes the AYKON Dare skywalk and the Central Park on Sheikh Zayed Road.

- Doric Business Bay:
- Modern design and infrastructure: Ensures high-quality office and residential spaces.
- Targeted at businesses: Offers flexible office spaces for various business needs.
- Key location: Situated close to major landmarks such as Dubai Mall and Downtown Dubai.

These projects provide distinct advantages over 'Prive by Damac,' whether through architectural design, location benefits, or unique amenities.