406, Niloofar Tower
Sold prices and rental history: sold 3 times, last in January 2015, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 406, Niloofar Tower
What is 406 worth today?
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Source: Dubai Land Department. Updated 5 June 2022.
Key facts
- Type
- Studio apartment
- Size
- 535 sqft
- Floor
- 4th of 12
- Parking
- B2-10
- Developer
- RMG
- Completed
- 2017
- Service charge
- AED 9,800 /yr
- Last sold
- AED 739K · January 2015
- Building
- Niloofar Tower
About 406, Niloofar Tower
406 is a studio of 535 sqft on the 4th floor of Niloofar Tower, a 12-storey tower in Culture Village completed in 2017 by RMG. It last sold on 28 January 2015 for AED 738,612, or AED 1,381 per sqft, 7% above the AED 1,292 studios in the building were fetching at the time.
It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 5 June 2022, is AED 42,000 a year: a gross yield of 5.7% on the 2015 price, before the service charge of about AED 9,800 a year.
Sales and rents for 406 over time
406 has sold 3 times; the dashed line is the studio median of each year in the building.
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 406 sits
All 24 studios →406 last sold in January 2015 at AED 1,381 per sqft, 7% above what studios in Niloofar Tower were fetching at the time (AED 1,292). 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. 406's AED 42,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 19 Jun 202619 June 2026 | 1,290 sqft | 900,000 | 697 | ||
| 17 Mar 202617 March 2026 | 535 sqft | 650,000 | 1,216 | ||
| 11 Apr 202211 April 2022 | 535 sqft | 430,000 | 804 | ||
| 21 Feb 202221 February 2022 | 654 sqft | 465,330 | 711 |
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 4th floor
All 93 units in Niloofar Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 917 sqft | AED 675KAED 675,299 · Jun 2021June 2021 | 55,000 /yr | |
| 402 | 2-bed | 1,280 sqft | AED 850KAED 850,000 · Aug 2013August 2013 | 80,000 /yr | |
| 403 | Studio | 653 sqft | AED 588KAED 588,132 · Mar 2016March 2016 | 48,400 /yr | |
| 404 | 1-bed | 1,081 sqft | AED 973KAED 972,630 · Mar 2016March 2016 | 61,600 /yr | |
| 405 | 1-bed | 1,059 sqft | AED 953KAED 953,055 · Mar 2016March 2016 | 66,000 /yr | |
| 407 | 2-bed | 1,390 sqft | AED 1.34MAED 1,340,000 · Jul 2015July 2015 | 90,000 /yr | |
| 408 | 1-bed | 918 sqft | AED 793KAED 793,145 · Dec 2013December 2013 | 62,000 /yr |
406, Niloofar Tower in numbers
- Sold 3 times: first on 16 March 2014 for AED 468,960, last on 28 January 2015 for AED 738,612 (AED 1,381 per sqft).
- Rented since January 2020 on 2 Ejari contracts, from AED 57,600 to AED 42,000 a year.
- At AED 42,000 a year the gross yield on the 2015 price is 5.7%, 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 5 June 2022.
Questions about 406, Niloofar Tower
What did unit 406 last sell for?
AED 738,612 on 28 January 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 406?
AED 42,000 a year on the contract signed on 5 June 2022. The previous contract, from January 2020, was AED 57,600.
How big is unit 406?
535 sqft (49.7 sqm): a studio on the 4th floor of a 12-storey tower completed in 2017.
What is unit 406 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 406, Niloofar Tower
Starts from the last sale price (AED 739K, 28 January 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 →