What is the rental yield in Millennium Binghatti Residences Business Bay?

Millennium Binghatti Residences Business Bay returns 8.00% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 76 rental contracts registered in the last 24 months.

How much does a studio in Millennium Binghatti Residences Business Bay cost?

The median registered sale price is AED 939,000 (1,766 AED/sqft), from 17 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.

How does Millennium Binghatti Residences Business Bay compare with Business Bay?

Its 8.00% gross yield sits +0.4 pts against the Business Bay median of 7.62%, computed at the same bedroom grain over the same 24-month window.

Millennium Binghatti Residences Business Bay — sale prices & yield

Buy: 939,000AED; AED 1,709/sqft
Long-let: 8.00%; AED 72,000/yr
Short-let: 8.81%; AED 372/night · 0.70/sqft

Price per sqft: Median of 7 registered sales of ready units in the last 12 months, most recent July 2026.

Priced off the last 5 sales — most recent July 2026.

Yield spread: +0.4 pts; vs the Business Bay median for this unit type
AED/yr/sqft: AED 141
Sales: 17
Rental contracts: 76
Renewal rent: AED 70,594/yr

12 months: -4.0%
3 years: -7.0%-2.4%/yr
5 years: +36.0%+6.4%/yr

Based on 17 sales and 76 rental contracts in the last 24 months.

Millennium Binghatti Residences Business Bay is an apartment building in Business Bay, Dubai. The closest metro station is Business Bay Metro Station, the nearest mall Dubai Mall and the nearest landmark Downtown Dubai. Land Department records for it run from 2018 to 2026, 726 registered sales in all — the 17 in the last 24 months are what every median above is computed from.

Price history

Every recorded sale in Millennium Binghatti Residences Business Bay, by year.

Monthly median AED per sqft, smoothed over three months. The band along the bottom is the number of records each month.

Yield by bedroom type

Type	Median price	AED/sqft	Yield	12mo	Sales
Studio	AED 939,000	1766	8.00% +0.4 pts	-4.0%	17
1 bed	AED 1.27M	1419	8.00% +0.9 pts	+0.3%	16
2 bed	AED 2.04M	1476	6.83% +0.2 pts	+4.9%	12

Deltas compare each yield with the Business Bay median for the same unit type. How these yields are computed

How these yields are computed

Each yield divides the median rent by the median of the last 3 months of sales — or of the last 5 sales where the last 3 months hold fewer than three. Off-plan and ready sales count alike, and each bedroom type is priced off its own sales.

Short-let rates around Millennium Binghatti Residences Business Bay

Median nightly rate on Airbnb for a 7-night stay, priced across the coming year.

How short-let rates are measured

Rates are sampled for every month of the coming year, so the figure carries the full season rather than a winter or summer slice. Listing counts are what those searches returned on the first page — a floor on what the building actually lists, not a count of it. Airbnb publishes approximate coordinates, so even the tightest set — listings within 50 metres — is the building and its immediate neighbours. Where that set is too small to measure a bedroom type, the row widens to the surrounding 500-metre cluster and is marked “500m”.

Type	Nightly (AED)	AED/night/sqft	Net revenue at 80%	Long-let rent	Uplift	Short-let yield	Listings seen
Studio500m	372	0.70	AED 82,746	AED 72,000	1.1×	8.81%	6+
1 bed	673	0.75	AED 151,044	AED 100,000	1.5×	11.89%	6+
2 bed	1,136	0.82	AED 256,930	AED 140,000	1.8×	12.56%	3+

Nightly rate per sqft through the year

Median nightly rate per sqft by month of stay. Smaller, fainter points rest on fewer listings. Per-sqft puts different bedroom types on the same axis.

Net revenue assumes 80% occupancy — an assumption, not a measurement.

What the net revenue deducts

Occupancy is an assumption because no Dubai source publishes it per building — at half the occupancy, halve the revenue and the yield. From the nightly rate a guest sees, net revenue deducts Airbnb's 15.5% fee, then cleaning at 2 turnovers a month and utilities, both scaled to the unit's measured floor area. Service charge and mortgage are deliberately not deducted: neither comes out of the long-let rent beside it, and a service charge is owed whichever way the unit is let, so taking it off one side only would break the comparison. Neither figure is net of income tax or furnishing. Rows marked 500m widen to the surrounding cluster, because Millennium Binghatti Residences Business Bay itself had too few listings of that type to measure.

Off-plan vs resale

Units sold off-plan in Millennium Binghatti Residences Business Bay between 2018 and 2021 went for a median of AED 1,252/sqft (AED 970,000). The same building resells today at AED 1,507/sqft (AED 1.20M) — an uplift of +23.7%.

Based on 179 off-plan sales across the building's full history.

Why this uses the full history

This comparison is deliberately not restricted to the 24-month window used elsewhere on the page — off-plan launches mostly predate it, so the window would erase the sales being compared.

Recent transactions

As filed with the Land Department — data to 2026-08-26.

22 resales in the last 12 months, against 26 a year on average over 2023–2025.

Sales

Date	Type	Sqft	Price	AED/sqft
24 Jul 2026	2 bed	1,393	AED 1,590,000	1,141
13 Jul 2026	Studio	436	AED 900,000	2,066
3 Jul 2026	Studio	528	AED 1,000,000	1,894

3 resales in the last 3 months.

Rental contracts

Start	Type	Sqft	Annual rent	AED/sqft	Contract
1 Sept 2026	Studio	548	AED 65,000	119	New
27 Aug 2026	Studio	459	AED 70,000	153	New
25 Aug 2026	Studio	534	AED 65,000	122	New
25 Aug 2026	1 bed	843	AED 101,087	120	Renewal
24 Aug 2026	1 bed	866	AED 70,000	81	New
16 Aug 2026	Studio	472	AED 60,000	127	Renewal
15 Aug 2026	Studio	526	AED 65,000	124	New
15 Aug 2026	Studio	532	AED 55,000	103	New
12 Aug 2026	Studio	458	AED 70,000	153	New
11 Aug 2026	1 bed	816	AED 75,000	92	New
6 Aug 2026	1 bed	1,087	AED 120,000	110	New
1 Aug 2026	Studio	443	AED 64,000	144	New
29 Jul 2026	2 bed	1,343	AED 118,000	88	New
13 Jul 2026	Studio	463	AED 72,000	156	New
10 Jul 2026	1 bed	825	AED 80,000	97	Renewal
1 Jul 2026	1 bed	1,086	AED 75,000	69	New
25 Jun 2026	Studio	536	AED 70,000	131	Renewal
11 Jun 2026	1 bed	907	AED 82,000	90	New
7 Jun 2026	Studio	534	AED 67,500	126	New
1 Jun 2026	Studio	508	AED 62,167	122	New
28 May 2026	2 bed	1,409	AED 94,426	67	New

21 contracts starting on or after 26 May 2026.

Start dates after 26 Aug 2026 are contracts already filed for a later move-in. They count towards the rent medians above for the same reason they appear here.

As registered

The building's record in the Dubai Land Department register, as of September 2026. Counts are as registered, not as built or as operated.

Floors: 28
Lifts: 5
Parking bays: 365
Swimming pools: 1

Nearby

Metro: Business Bay Metro Station
Mall: Dubai Mall
Landmark: Downtown Dubai

Compare with nearby buildings

The most-traded buildings in Business Bay, on the same figures over the same window.

Highest rental yields in Business Bay · Millennium Binghatti Residences Business Bay places 21st of 84

Common questions

What is the rental yield in Millennium Binghatti Residences Business Bay?: Millennium Binghatti Residences Business Bay returns 8.00% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 76 rental contracts registered in the last 24 months.
How much does a studio in Millennium Binghatti Residences Business Bay cost?: The median registered sale price is AED 939,000 (1,766 AED/sqft), from 17 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.
What are apartments in Millennium Binghatti Residences Business Bay selling for right now?: Registered sales of ready units in Millennium Binghatti Residences Business Bay over the last 12 months have a median of 1,709 AED/sqft, across 7 sales. That is the freshest window holding at least five, and it excludes off-plan. It is a median of what traded, not a valuation of a specific unit — floor, view and condition all move a real price and none of them is in it.
Have prices in Millennium Binghatti Residences Business Bay risen or fallen?: Median price per square foot moved -4.0% over the last 12 months against the 12 before it, on 17 registered sales. On a sample this size, read the direction rather than the exact figure.
How does Millennium Binghatti Residences Business Bay compare with Business Bay?: Its 8.00% gross yield sits +0.4 pts against the Business Bay median of 7.62%, computed at the same bedroom grain over the same 24-month window.

Millennium Binghatti Residences Business Bay