503, Niloofar Tower
Sold prices and rental history: sold twice, last in August 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 503, Niloofar Tower
What is 503 worth today?
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Source: Dubai Land Department. Updated 1 October 2026.
Key facts
- Type
- Studio apartment
- Size
- 653 sqft
- Floor
- 5th of 12
- Parking
- B2-07
- Developer
- RMG
- Completed
- 2017
- Service charge
- AED 12,000 /yr
- Last sold
- AED 450K · August 2013
- Building
- Niloofar Tower
About 503, Niloofar Tower
503 is a studio of 653 sqft on the 5th 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 450,000, or AED 688 per sqft, 44% below the AED 1,223 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 10 Ejari contracts. The current contract, signed on 1 October 2026, is AED 45,000 a year: a gross yield of 10.0% on the 2013 price, before the service charge of about AED 12,000 a year.
Sales and rents for 503 over time
503 has sold twice; 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 503 sits
All 24 studios →503 last sold in August 2013 at AED 688 per sqft, 44% below what studios in Niloofar Tower were fetching at the time (AED 1,223). 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. 503's AED 45,000 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 5th floor
All 93 units in Niloofar Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 919 sqft | AED 825KAED 824,500 · Oct 2015October 2015 | 59,000 /yr | |
| 502 | 2-bed | 1,280 sqft | AED 1.15MAED 1,152,036 · Apr 2016April 2016 | 80,000 /yr | |
| 504 | 1-bed | 1,081 sqft | AED 973KAED 972,630 · Apr 2016April 2016 | 63,000 /yr | |
| 505 | 1-bed | 1,059 sqft | AED 953KAED 952,956 · Apr 2016April 2016 | 63,800 /yr | |
| 506 | Studio | 535 sqft | AED 1.02MAED 1,020,971 · Jan 2015January 2015 | 44,000 /yr | |
| 507 | 2-bed | 1,391 sqft | AED 1.78MAED 1,778,496 · Jun 2014June 2014 | 67,000 /yr | |
| 508 | 1-bed | 920 sqft | AED 1.11MAED 1,107,140 · Nov 2015November 2015 | 45,000 /yr |
503, Niloofar Tower in numbers
- Sold twice: first on 11 February 2013 for AED 801,205, last on 21 August 2013 for AED 450,000 (AED 688 per sqft).
- Rented since February 2018 on 10 Ejari contracts. The rent fell from AED 50,000 to AED 34,000 in 2022 and recovered to AED 45,000 by October 2026.
- At AED 45,000 a year the gross yield on the 2013 price is 10.0%, before a service charge of about AED 12,000 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 1 October 2026.
Questions about 503, Niloofar Tower
What did unit 503 last sell for?
AED 450,000 on 21 August 2013: AED 688 per sqft for 653 sqft. The unit has 2 registered sales; the first was AED 801,205 in February 2013.
What is the rent for unit 503?
AED 45,000 a year on the contract signed on 1 October 2026. The previous contract, from June 2026, was AED 40,950; the unit has been rented since February 2018.
How big is unit 503?
653 sqft (60.7 sqm): a studio on the 5th floor of a 12-storey tower completed in 2017.
What is unit 503 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 503, Niloofar Tower
Starts from the last sale price (AED 450K, 21 August 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 450,000
- Deposit, UAE resident (20%)
- AED 90,000
- Deposit, non-resident (40%)
- AED 180,000
- Monthly over 25 years at 3.7%
- AED 1,841
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →