505, Niloofar Tower
Sold prices and rental history: sold 3 times, last in April 2016, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, Niloofar Tower
What is 505 worth today?
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Source: Dubai Land Department. Updated 26 February 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 1,059 sqft
- Floor
- 5th of 12
- Parking
- B2-03
- Developer
- RMG
- Completed
- 2017
- Service charge
- AED 19,500 /yr
- Last sold
- AED 953K · April 2016
- Building
- Niloofar Tower
About 505, Niloofar Tower
505 is a one-bedroom apartment of 1,059 sqft on the 5th floor of Niloofar Tower, a 12-storey tower in Culture Village completed in 2017 by RMG. It last sold on 13 April 2016 for AED 952,956, or AED 899 per sqft, in line with the AED 900 one-beds in the building were fetching at the time.
It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 26 February 2025, is AED 63,800 a year: a gross yield of 6.7% on the 2016 price, before the service charge of about AED 19,500 a year.
Sales and rents for 505 over time
505 has sold 3 times; 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 505 sits
All 46 1-beds →505 last sold in April 2016 at AED 899 per sqft, in line with what one-beds in Niloofar Tower were fetching at the time (AED 900). 505's AED 63,800 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 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 | |
| 503 | Studio | 653 sqft | AED 450KAED 450,000 · Aug 2013August 2013 | 45,000 /yr | |
| 504 | 1-bed | 1,081 sqft | AED 973KAED 972,630 · Apr 2016April 2016 | 63,000 /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 |
505, Niloofar Tower in numbers
- Sold 3 times: first on 16 March 2014 for AED 896,680, last on 13 April 2016 for AED 952,956 (AED 899 per sqft).
- Rented since February 2019 on 2 Ejari contracts, from AED 58,000 to AED 63,800 a year.
- At AED 63,800 a year the gross yield on the 2016 price is 6.7%, before a service charge of about AED 19,500 a year (AED 18.38 per sqft).
Source: Dubai Land Department. Updated 26 February 2025.
Questions about 505, Niloofar Tower
What did unit 505 last sell for?
AED 952,956 on 13 April 2016: AED 899 per sqft for 1,059 sqft. The unit has 3 registered sales; the first was AED 896,680 in March 2014.
What is the rent for unit 505?
AED 63,800 a year on the contract signed on 26 February 2025. The previous contract, from February 2019, was AED 58,000.
How big is unit 505?
1,059 sqft (98.4 sqm): a one-bedroom apartment on the 5th floor of a 12-storey tower completed in 2017.
What is unit 505 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 505, Niloofar Tower
Starts from the last sale price (AED 953K, 13 April 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 952,956
- Deposit, UAE resident (20%)
- AED 190,591
- Deposit, non-resident (40%)
- AED 381,182
- Monthly over 25 years at 3.7%
- AED 3,899
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →