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1-bed · 919 sqftNiloofar Tower, Culture Village · 5th floor · completed 2017

501, Niloofar Tower

Sold prices and rental history: sold 4 times, last in October 2015, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 501 · DLD and Ejari recordsUpdated 27 July 2020
Last soldAED 825K11 October 2015
Current rentAED 59K /yr27 July 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 501, Niloofar Tower

What is 501 worth today?

Last sold for AED 824,500 in 2015

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27 Jul 2020RentedRenewal
AED 59,000/yr12 months · AED 64 per sqft
27 Jul 2019RentedRenewal
AED 59,000/yr12 months · AED 64 per sqft
27 Jul 2018RentedNew contract
AED 65,000/yr12 months · AED 71 per sqft
11 Oct 2015SoldOff-plan
AED 824,500AED 897 per sqft
1 Oct 2013SoldOff-plan
AED 824,814AED 897 per sqft
24 Jul 2013SoldOff-plan
AED 533,704AED 580 per sqft
11 Feb 2013Sold by developerOff-plan
AED 1,112,947AED 1,211 per sqft

Source: Dubai Land Department. Updated 27 July 2020.

Key facts

Type
1-bed apartment
Size
919 sqft
Floor
5th of 12
Parking
B1-12
Developer
RMG
Completed
2017
Service charge
AED 16,900 /yr
Last sold
AED 825K · October 2015
Building
Niloofar Tower

About 501, Niloofar Tower

501 is a one-bedroom apartment of 919 sqft on the 5th floor of Niloofar Tower, a 12-storey tower in Culture Village completed in 2017 by RMG. It last sold on 11 October 2015 for AED 824,500, or AED 897 per sqft, 33% below the AED 1,331 one-beds in the building were fetching at the time.

It has been rented since 2018 on 3 Ejari contracts. The current contract, renewed on 27 July 2020, is AED 59,000 a year: a gross yield of 7.2% on the 2015 price, before the service charge of about AED 16,900 a year.

Sales and rents for 501 over time

Sales
Unit 501, each saleTypical one-bed in Niloofar Tower
1M2M2011201420172020Typical sale price by year: 2011 AED 1,950,415; 2013 AED 824,814; 2014 AED 919,097; 2015 AED 1,169,793; 2016 AED 834,008; 2021 AED 675,150Sold by developer, February 2013: AED 1,112,947 (AED 1,211 per sqft)Sold, July 2013: AED 533,704 (AED 580 per sqft)Sold, October 2013: AED 824,814 (AED 897 per sqft)Sold, October 2015: AED 824,500 (AED 897 per sqft)

501 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 501, each contractTypical one-bed in Niloofar Tower
50K60K2018202120242027Typical rent by year: 2018 AED 62,000; 2019 AED 59,000; 2020 AED 52,000; 2021 AED 45,000; 2022 AED 46,200; 2023 AED 51,410; 2024 AED 55,000; 2025 AED 62,000; 2026 AED 60,000New contract, July 2018: AED 65,000 a yearRenewal, July 2019: AED 59,000 a yearRenewal, July 2020: AED 59,000 a year

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 501 sits

All 46 1-beds →

501 last sold in October 2015 at AED 897 per sqft, 33% below what one-beds in Niloofar Tower were fetching at the time (AED 1,331). 501's AED 59,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
21 Feb 2022598,220
11 Aug 2021750,000
29 Jun 2021675,299
8 Jun 2021675,000
0 1-bed 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 5th floor

All 93 units in Niloofar Tower
Value
5022-bedAED 1.15M · Apr 2016
503StudioAED 450K · Aug 2013
5041-bedAED 973K · Apr 2016
5051-bedAED 953K · Apr 2016
506StudioAED 1.02M · Jan 2015
5072-bedAED 1.78M · Jun 2014
5081-bedAED 1.11M · Nov 2015

501, Niloofar Tower in numbers

  • Sold 4 times: first on 11 February 2013 for AED 1,112,947, last on 11 October 2015 for AED 824,500 (AED 897 per sqft).
  • Rented since July 2018 on 3 Ejari contracts, from AED 65,000 to AED 59,000 a year.
  • At AED 59,000 a year the gross yield on the 2015 price is 7.2%, before a service charge of about AED 16,900 a year (AED 18.38 per sqft).

Source: Dubai Land Department. Updated 27 July 2020.

Questions about 501, Niloofar Tower

What did unit 501 last sell for?

AED 824,500 on 11 October 2015: AED 897 per sqft for 919 sqft. The unit has 4 registered sales; the first was AED 1,112,947 in February 2013.

What is the rent for unit 501?

AED 59,000 a year on the contract renewed on 27 July 2020. The previous contract, from July 2019, was AED 59,000; the unit has been rented since July 2018.

How big is unit 501?

919 sqft (85.4 sqm): a one-bedroom apartment on the 5th floor of a 12-storey tower completed in 2017.

What is unit 501 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 501, Niloofar Tower

Starts from the last sale price (AED 825K, 11 October 2015). Switch to today's estimate once you have unlocked it.
Price
AED 824,500
Deposit, UAE resident (20%)
AED 164,900
Deposit, non-resident (40%)
AED 329,800
Monthly over 25 years at 3.7%
AED 3,373

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