506, Niloofar Tower
Sold prices and rental history: sold 3 times, last in January 2015, 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 506, Niloofar Tower
What is 506 worth today?
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Source: Dubai Land Department. Updated 1 July 2026.
Key facts
- Type
- Studio apartment
- Size
- 535 sqft
- Floor
- 5th of 12
- Parking
- B2-02
- Developer
- RMG
- Completed
- 2017
- Service charge
- AED 9,800 /yr
- Last sold
- AED 1.02M · January 2015
- Building
- Niloofar Tower
About 506, Niloofar Tower
506 is a studio of 535 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 January 2015 for AED 1,020,971, or AED 1,910 per sqft, 55% above the AED 1,235 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, signed on 1 July 2026, is AED 44,000 a year: a gross yield of 4.3% on the 2015 price, before the service charge of about AED 9,800 a year.
Sales and rents for 506 over time
506 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 506 sits
All 24 studios →506 last sold in January 2015 at AED 1,910 per sqft, 55% above what studios in Niloofar Tower were fetching at the time (AED 1,235). 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. 506's AED 44,000 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 | |
| 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 | |
| 505 | 1-bed | 1,059 sqft | AED 953KAED 952,956 · Apr 2016April 2016 | 63,800 /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 |
506, Niloofar Tower in numbers
- Sold 3 times: first on 16 March 2014 for AED 468,960, last on 13 January 2015 for AED 1,020,971 (AED 1,910 per sqft).
- Rented since July 2018 on 6 Ejari contracts. The rent fell from AED 42,000 to AED 34,000 in 2022 and recovered to AED 44,000 by July 2026.
- At AED 44,000 a year the gross yield on the 2015 price is 4.3%, 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 1 July 2026.
Questions about 506, Niloofar Tower
What did unit 506 last sell for?
AED 1,020,971 on 13 January 2015: AED 1,910 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 506?
AED 44,000 a year on the contract signed on 1 July 2026. The previous contract, from May 2025, was AED 47,000; the unit has been rented since July 2018.
How big is unit 506?
535 sqft (49.7 sqm): a studio on the 5th floor of a 12-storey tower completed in 2017.
What is unit 506 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 506, Niloofar Tower
Starts from the last sale price (AED 1.02M, 13 January 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 1,020,971
- Deposit, UAE resident (20%)
- AED 204,194
- Deposit, non-resident (40%)
- AED 408,388
- Monthly over 25 years at 3.7%
- AED 4,177
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →