507, Niloofar Tower
Sold prices and rental history: sold twice, last in June 2014, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 507, Niloofar Tower
What is 507 worth today?
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Source: Dubai Land Department. Updated 11 January 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,391 sqft
- Floor
- 5th of 12
- Parking
- B1-26 , B1-27
- Developer
- RMG
- Completed
- 2017
- Service charge
- AED 25,600 /yr
- Last sold
- AED 1.78M · June 2014
- Building
- Niloofar Tower
About 507, Niloofar Tower
507 is a two-bedroom apartment of 1,391 sqft on the 5th floor of Niloofar Tower, a 12-storey tower in Culture Village completed in 2017 by RMG. It last sold on 25 June 2014 for AED 1,778,496, or AED 1,278 per sqft, 56% above the AED 817 two-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, renewed on 11 January 2023, is AED 67,000 a year: a gross yield of 3.8% on the 2014 price, before the service charge of about AED 25,600 a year.
Sales and rents for 507 over time
507 has sold twice; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Niloofar Tower, and where 507 sits
All 23 2-beds →507 last sold in June 2014 at AED 1,278 per sqft, 56% above what two-beds in Niloofar Tower were fetching at the time (AED 817). 507's AED 67,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Oct 20217 October 2021 | 1,280 sqft | 800,000 | 624 | ||
| 2 Aug 20212 August 2021 | 1,289 sqft | 1,250,000 | 969 | ||
| 29 Jun 202129 June 2021 | 1,257 sqft | 914,951 | 727 | ||
| 29 Jan 201829 January 2018 | 1,368 sqft | 1,436,726 | 1,049 |
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 | |
| 506 | Studio | 535 sqft | AED 1.02MAED 1,020,971 · Jan 2015January 2015 | 44,000 /yr | |
| 508 | 1-bed | 920 sqft | AED 1.11MAED 1,107,140 · Nov 2015November 2015 | 45,000 /yr |
507, Niloofar Tower in numbers
- Sold twice: first on 11 February 2013 for AED 1,723,344, last on 25 June 2014 for AED 1,778,496 (AED 1,278 per sqft).
- Rented since December 2017 on 6 Ejari contracts. The rent fell from AED 100,000 to AED 58,000 in 2021 and recovered to AED 67,000 by January 2023.
- At AED 67,000 a year the gross yield on the 2014 price is 3.8%, before a service charge of about AED 25,600 a year (AED 18.38 per sqft).
Source: Dubai Land Department. Updated 11 January 2023.
Questions about 507, Niloofar Tower
What did unit 507 last sell for?
AED 1,778,496 on 25 June 2014: AED 1,278 per sqft for 1,391 sqft. The unit has 2 registered sales; the first was AED 1,723,344 in February 2013.
What is the rent for unit 507?
AED 67,000 a year on the contract renewed on 11 January 2023. The previous contract, from January 2022, was AED 67,000; the unit has been rented since December 2017.
How big is unit 507?
1,391 sqft (129.2 sqm): a two-bedroom apartment on the 5th floor of a 12-storey tower completed in 2017.
What is unit 507 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 507, Niloofar Tower
Starts from the last sale price (AED 1.78M, 25 June 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 1,778,496
- Deposit, UAE resident (20%)
- AED 355,699
- Deposit, non-resident (40%)
- AED 711,398
- Monthly over 25 years at 3.7%
- AED 7,276
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →