1202, Niloofar Tower
Sold prices and rental history: sold once, by the developer in July 2016, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1202, Niloofar Tower
What is 1202 worth today?
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Source: Dubai Land Department. Updated 15 December 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,178 sqft
- Floor
- 12th of 12
- Parking
- B4-19 , B1-25
- Developer
- RMG
- Completed
- 2017
- Service charge
- AED 21,700 /yr
- Last sold
- AED 947K · July 2016
- Building
- Niloofar Tower
About 1202, Niloofar Tower
1202 is a two-bedroom apartment of 1,178 sqft on the 12th floor of Niloofar Tower, a 12-storey tower in Culture Village completed in 2017 by RMG. The developer sold it on 24 July 2016 for AED 946,957, or AED 803 per sqft, 11% below the AED 899 two-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, renewed on 15 December 2023, is AED 66,500 a year: a gross yield of 7.0% on the 2016 price, before the service charge of about AED 21,700 a year.
Sales and rents for 1202 over time
1202 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Niloofar Tower, and where 1202 sits
All 23 2-beds →1202 last sold in July 2016 at AED 803 per sqft, 11% below what two-beds in Niloofar Tower were fetching at the time (AED 899). 1202's AED 66,500 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Oct 20217 October 2021 | 1,280 sqft | 800,000 | 624 | ||
| 2 Aug 20212 August 2021 | 1,289 sqft | 1,250,000 | 969 | ||
| 29 Jun 202129 June 2021 | 1,257 sqft | 914,951 | 727 | ||
| 29 Jan 201829 January 2018 | 1,368 sqft | 1,436,726 | 1,049 |
Niloofar Tower
Building93 apartments, studios to 2-bed over 12 floors in Culture Village, completed in 2017 by RMG. 2 sold in the last 12 months.
- Typical price per sqft
- AED 957
- Typical sale
- AED 775K
- Typical rent
- AED 60K /yr
- Typical yield
- 6.8%
Other units on the 12th floor
All 93 units in Niloofar Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1201 | 1-bed | 908 sqft | AED 598KAED 598,220 · Feb 2022February 2022 | 70,000 /yr | |
| 1203 | Studio | 677 sqft | AED 542KAED 541,984 · Aug 2016August 2016 | 49,000 /yr | |
| 1206 | Studio | 558 sqft | AED 373KAED 373,000 · Feb 2021February 2021 | 40,000 /yr | |
| 1207 | 2-bed | 1,289 sqft | AED 1.25MAED 1,250,000 · Aug 2021August 2021 | ||
| 1208 | 1-bed | 909 sqft | AED 841KAED 840,834 · Apr 2016April 2016 | 67,000 /yr |
1202, Niloofar Tower in numbers
- Sold once: by RMG on 24 July 2016 for AED 946,957, or AED 803 per sqft.
- Rented since July 2018 on 6 Ejari contracts. The rent fell from AED 80,000 to AED 53,000 in 2021 and recovered to AED 66,500 by December 2023.
- At AED 66,500 a year the gross yield on the 2016 price is 7.0%, before a service charge of about AED 21,700 a year (AED 18.38 per sqft).
Source: Dubai Land Department. Updated 15 December 2023.
Questions about 1202, Niloofar Tower
What did unit 1202 last sell for?
AED 946,957 on 24 July 2016, sold by the developer: AED 803 per sqft for 1,178 sqft. It is the only registered sale of the unit.
What is the rent for unit 1202?
AED 66,500 a year on the contract renewed on 15 December 2023. The previous contract, from December 2021, was AED 53,000; the unit has been rented since July 2018.
How big is unit 1202?
1,178 sqft (109.4 sqm): a two-bedroom apartment on the 12th floor of a 12-storey tower completed in 2017.
What is unit 1202 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 1202, Niloofar Tower
Starts from the last sale price (AED 947K, 24 July 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 946,957
- Deposit, UAE resident (20%)
- AED 189,391
- Deposit, non-resident (40%)
- AED 378,783
- Monthly over 25 years at 3.7%
- AED 3,874
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →