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Studio · 535 sqftNiloofar Tower, Culture Village · 3rd floor · completed 2017

306, Niloofar Tower

Sold prices and rental history: sold 3 times, last in March 2015, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 306 · DLD and Ejari recordsUpdated 16 March 2022
Last soldAED 739K19 March 2015
Current rentAED 32K /yr16 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 306, Niloofar Tower

What is 306 worth today?

Last sold for AED 738,612 in 2015

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16 Mar 2022RentedRenewal
AED 32,000/yr12 months · AED 59 per sqft
16 Mar 2021RentedRenewal
AED 32,000/yr12 months · AED 59 per sqft
16 Mar 2020RentedNew contract
AED 35,000/yr12 months · AED 65 per sqft
19 Mar 2015SoldOff-plan
AED 738,612AED 1,381 per sqft
23 Nov 2014SoldOff-plan
AED 738,612AED 1,381 per sqft
19 Mar 2014Sold by developerOff-plan
AED 468,960AED 877 per sqft

Source: Dubai Land Department. Updated 16 March 2022.

Key facts

Type
Studio apartment
Size
535 sqft
Floor
3rd of 12
Parking
B2-18
Developer
RMG
Completed
2017
Service charge
AED 9,800 /yr
Last sold
AED 739K · March 2015
Building
Niloofar Tower

About 306, Niloofar Tower

306 is a studio of 535 sqft on the 3rd floor of Niloofar Tower, a 12-storey tower in Culture Village completed in 2017 by RMG. It last sold on 19 March 2015 for AED 738,612, or AED 1,381 per sqft, in line with the AED 1,378 studios in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, renewed on 16 March 2022, is AED 32,000 a year: a gross yield of 4.3% on the 2015 price, before the service charge of about AED 9,800 a year.

Sales and rents for 306 over time

Sales
Unit 306, each saleTypical studio in Niloofar Tower
500K1M2011201420172020Typical sale price by year: 2011 AED 1,320,655; 2013 AED 662,349; 2014 AED 738,612; 2015 AED 879,792; 2016 AED 588,222; 2020 AED 392,500; 2021 AED 400,000Sold by developer, March 2014: AED 468,960 (AED 877 per sqft)Sold, November 2014: AED 738,612 (AED 1,381 per sqft)Sold, March 2015: AED 738,612 (AED 1,381 per sqft)

306 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 306, each contractTypical studio in Niloofar Tower
30K40K2018202120242027Typical rent by year: 2018 AED 47,000; 2019 AED 42,000; 2020 AED 35,000; 2021 AED 33,000; 2022 AED 32,500; 2023 AED 39,000; 2024 AED 46,700; 2025 AED 47,000; 2026 AED 44,500New contract, March 2020: AED 35,000 a yearRenewal, March 2021: AED 32,000 a yearRenewal, March 2022: AED 32,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Niloofar Tower, and where 306 sits

All 24 studios →

306 last sold in March 2015 at AED 1,381 per sqft, in line with what studios in Niloofar Tower were fetching at the time (AED 1,378). Over the last 12 months studios sold for AED 650,000 to 900,000, around AED 957 per sqft, and rent for AED 36,000 to 55,000 a year. 306's AED 32,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
19 Jun 2026900,000
17 Mar 2026650,000
11 Apr 2022430,000
21 Feb 2022465,330
2 studio sales in the last 12 months

Niloofar Tower

Building

93 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%
Niloofar Tower, Culture Village: prices, sales and rents →

Other units on the 3rd floor

All 93 units in Niloofar Tower
Value
3011-bedAED 783K · Feb 2014
3022-bedAED 1.35M · Feb 2014
303StudioAED 588K · Mar 2016
3041-bedAED 973K · Mar 2016
3051-bedAED 919K · Feb 2014
3072-bedAED 1.1M · May 2013
3081-bedAED 780K · Feb 2014

306, Niloofar Tower in numbers

  • Sold 3 times: first on 19 March 2014 for AED 468,960, last on 19 March 2015 for AED 738,612 (AED 1,381 per sqft).
  • Rented since March 2020 on 3 Ejari contracts, from AED 35,000 to AED 32,000 a year.
  • At AED 32,000 a year the gross yield on the 2015 price is 4.3%, before a service charge of about AED 9,800 a year (AED 18.38 per sqft).
  • Studios in Niloofar Tower sold for AED 650,000–900,000 in the 12 months to November 2026; the building's median across all types is AED 957 per sqft.

Source: Dubai Land Department. Updated 16 March 2022.

Questions about 306, Niloofar Tower

What did unit 306 last sell for?

AED 738,612 on 19 March 2015: AED 1,381 per sqft for 535 sqft. The unit has 3 registered sales; the first was AED 468,960 in March 2014.

What is the rent for unit 306?

AED 32,000 a year on the contract renewed on 16 March 2022. The previous contract, from March 2021, was AED 32,000; the unit has been rented since March 2020.

How big is unit 306?

535 sqft (49.7 sqm): a studio on the 3rd floor of a 12-storey tower completed in 2017.

What is unit 306 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Niloofar Tower sold for AED 650,000 to 900,000 in the last 12 months, around AED 957 per sqft.

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Mortgage on 306, Niloofar Tower

Starts from the last sale price (AED 739K, 19 March 2015). Switch to today's estimate once you have unlocked it.
Price
AED 738,612
Deposit, UAE resident (20%)
AED 147,722
Deposit, non-resident (40%)
AED 295,445
Monthly over 25 years at 3.7%
AED 3,022

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →