202, Niloofar Tower
Sold prices and rental history: sold twice, last in August 2013, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 202, Niloofar Tower
What is 202 worth today?
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Source: Dubai Land Department. Updated 1 October 2020.
Key facts
- Type
- 2-bed apartment
- Size
- 1,280 sqft
- Floor
- 2nd of 12
- Parking
- B1-08
- Developer
- RMG
- Completed
- 2017
- Service charge
- AED 23,500 /yr
- Last sold
- AED 850K · August 2013
- Building
- Niloofar Tower
About 202, Niloofar Tower
202 is a two-bedroom apartment of 1,280 sqft on the 2nd floor of Niloofar Tower, a 12-storey tower in Culture Village completed in 2017 by RMG. It last sold on 21 August 2013 for AED 850,000, or AED 663 per sqft, 44% below the AED 1,185 two-beds in the building were fetching at the time.
It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 1 October 2020, is AED 30,000 a year: a gross yield of 3.5% on the 2013 price, before the service charge of about AED 23,500 a year.
Sales and rents for 202 over time
202 has sold twice; 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 202 sits
All 23 2-beds →202 last sold in August 2013 at AED 663 per sqft, 44% below what two-beds in Niloofar Tower were fetching at the time (AED 1,185). 202's AED 30,000 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 2nd floor
All 93 units in Niloofar Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 201 | 1-bed | 898 sqft | AED 1MAED 1,000,000 · Jan 2018January 2018 | 63,000 /yr | |
| 203 | Studio | 654 sqft | AED 410KAED 410,000 · Jun 2021June 2021 | 45,000 /yr | |
| 204 | 1-bed | 1,081 sqft | AED 700KAED 700,000 · Aug 2013August 2013 | 57,750 /yr | |
| 205 | 1-bed | 1,059 sqft | AED 700KAED 700,000 · Aug 2013August 2013 | 62,000 /yr | |
| 206 | Studio | 535 sqft | AED 400KAED 400,000 · Oct 2021October 2021 | 55,000 /yr | |
| 207 | 2-bed | 1,391 sqft | AED 900KAED 900,000 · Aug 2013August 2013 | 77,385 /yr | |
| 208 | 1-bed | 899 sqft | AED 600KAED 600,000 · Aug 2013August 2013 | 70,000 /yr |
202, Niloofar Tower in numbers
- Sold twice: first on 11 February 2013 for AED 1,560,688, last on 21 August 2013 for AED 850,000 (AED 663 per sqft).
- Rented since June 2018 on 3 Ejari contracts, from AED 75,177 to AED 30,000 a year.
- At AED 30,000 a year the gross yield on the 2013 price is 3.5%, before a service charge of about AED 23,500 a year (AED 18.38 per sqft).
Source: Dubai Land Department. Updated 1 October 2020.
Questions about 202, Niloofar Tower
What did unit 202 last sell for?
AED 850,000 on 21 August 2013: AED 663 per sqft for 1,280 sqft. The unit has 2 registered sales; the first was AED 1,560,688 in February 2013.
What is the rent for unit 202?
AED 30,000 a year on the contract signed on 1 October 2020. The previous contract, from March 2019, was AED 70,000; the unit has been rented since June 2018.
How big is unit 202?
1,280 sqft (118.9 sqm): a two-bedroom apartment on the 2nd floor of a 12-storey tower completed in 2017.
What is unit 202 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 202, Niloofar Tower
Starts from the last sale price (AED 850K, 21 August 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 850,000
- Deposit, UAE resident (20%)
- AED 170,000
- Deposit, non-resident (40%)
- AED 340,000
- Monthly over 25 years at 3.7%
- AED 3,478
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →