408, Niloofar Tower
Sold prices and rental history: sold once, by the developer in December 2013, 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 408, Niloofar Tower
What is 408 worth today?
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Source: Dubai Land Department. Updated 25 May 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 918 sqft
- Floor
- 4th of 12
- Parking
- B2-09
- Developer
- RMG
- Completed
- 2017
- Service charge
- AED 16,900 /yr
- Last sold
- AED 793K · December 2013
- Building
- Niloofar Tower
About 408, Niloofar Tower
408 is a one-bedroom apartment of 918 sqft on the 4th floor of Niloofar Tower, a 12-storey tower in Culture Village completed in 2017 by RMG. The developer sold it on 23 December 2013 for AED 793,145, or AED 863 per sqft, 4% below the AED 897 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 9 Ejari contracts. The current contract, renewed on 25 May 2026, is AED 62,000 a year: a gross yield of 7.8% on the 2013 price, before the service charge of about AED 16,900 a year.
Sales and rents for 408 over time
408 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Niloofar Tower, and where 408 sits
All 46 1-beds →408 last sold in December 2013 at AED 863 per sqft, 4% below what one-beds in Niloofar Tower were fetching at the time (AED 897). 408's AED 62,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 21 Feb 202221 February 2022 | 908 sqft | 598,220 | 658 | ||
| 11 Aug 202111 August 2021 | 924 sqft | 750,000 | 811 | ||
| 29 Jun 202129 June 2021 | 917 sqft | 675,299 | 736 | ||
| 8 Jun 20218 June 2021 | 897 sqft | 675,000 | 752 |
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 | |
| 406 | Studio | 535 sqft | AED 739KAED 738,612 · Jan 2015January 2015 | 42,000 /yr | |
| 407 | 2-bed | 1,390 sqft | AED 1.34MAED 1,340,000 · Jul 2015July 2015 | 90,000 /yr |
408, Niloofar Tower in numbers
- Sold once: by RMG on 23 December 2013 for AED 793,145, or AED 863 per sqft.
- Rented since April 2018 on 9 Ejari contracts. The rent fell from AED 60,000 to AED 43,000 in 2022 and recovered to AED 62,000 by May 2026.
- At AED 62,000 a year the gross yield on the 2013 price is 7.8%, before a service charge of about AED 16,900 a year (AED 18.38 per sqft).
Source: Dubai Land Department. Updated 25 May 2026.
Questions about 408, Niloofar Tower
What did unit 408 last sell for?
AED 793,145 on 23 December 2013, sold by the developer: AED 863 per sqft for 918 sqft. It is the only registered sale of the unit.
What is the rent for unit 408?
AED 62,000 a year on the contract renewed on 25 May 2026. The previous contract, from May 2025, was AED 62,000; the unit has been rented since April 2018.
How big is unit 408?
918 sqft (85.3 sqm): a one-bedroom apartment on the 4th floor of a 12-storey tower completed in 2017.
What is unit 408 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 408, Niloofar Tower
Starts from the last sale price (AED 793K, 23 December 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 793,145
- Deposit, UAE resident (20%)
- AED 158,629
- Deposit, non-resident (40%)
- AED 317,258
- Monthly over 25 years at 3.7%
- AED 3,245
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →