Photos and renders of the community and grounds — not of this particular unit.
Prive By Damac Tower B
Studio
Where it is
The pin is placed by district — I send the exact address on request.
Business Bay
The canal district next to Downtown: conceived as offices, built mostly as apartments, now one of the most tenanted parts of the city.
- central location at a discount
- short-let on the canal
- deep tenant demand
What to check: Quality varies enormously between towers here. Walk the building on a normal weekday and get three years of service charge history before you offer — in Business Bay the building matters far more than the district average.
Full district guide →Questions and answers about lot P3-538312
How much is this studio in Prive By Damac Tower B?
Lot P3-538312 is priced at AED 997 500, about $272 000. The size is 373 sq ft (35 m²), which works out at AED 2 674 per sq ft.
Is there a discount on this lot?
There is no recorded price cut: the lot is in the database at the seller's asking price. The comparisons below show how that price sits against the market.
Is this expensive or cheap for Business Bay?
The database holds 332 lots in Business Bay. The area median is AED 2 990 per sq ft; this lot, at AED 2 674, is 11% below it. 126 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Business Bay area guide →Is the property ready or still under construction?
According to the listing, the property is ready.
Can this lot be bought with a mortgage, and what would the payment be?
UAE banks lend on ready homes to both residents and non-residents. For this lot: a resident puts down from 20%, here AED 200 000; a loan of AED 798 000 over 25 years at 3.75–4.99% a year comes to roughly AED 4 100–4 700 a month. A non-resident puts down from 40% (AED 399 000) and pays about AED 3 100–3 500 a month. The bank approves the rate and the amount.
Run your own numbers in the mortgage calculator →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 39 900 for this lot. On a ready property the registration trustee fee of AED 4 200 is added. With a mortgage the bank charges for processing and valuation, and the mortgage is registered for a separate fee. I will send the full calculation for this lot on request.
Does buying this lot qualify for a UAE residence visa?
On price the lot clears the classic threshold for the two-year residence visa, AED 750 000. It is AED 1 002 500 short of the 10-year Golden Visa, granted from AED 2 000 000. The threshold is measured by the Dubai Land Department valuation, not the contract, and only freehold qualifies.
Golden Visa and residence visas →How do I view the property and get the exact address?
Lots in the database are anonymised: the unit number, exact address and owner's details are not published. Send the lot code P3-538312 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Nearby in Business Bay
Ask a question
Telegram is the fastest way — I answer personally.
Message on Telegram