508, Niloofar Tower
Sold prices and rental history: sold twice, last in November 2015, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, Niloofar Tower
What is 508 worth today?
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Source: Dubai Land Department. Updated 25 October 2022.
Key facts
- Type
- 1-bed apartment
- Size
- 920 sqft
- Floor
- 5th of 12
- Parking
- B1-19
- Developer
- RMG
- Completed
- 2017
- Service charge
- AED 16,900 /yr
- Last sold
- AED 1.11M · November 2015
- Building
- Niloofar Tower
About 508, Niloofar Tower
508 is a one-bedroom apartment of 920 sqft on the 5th floor of Niloofar Tower, a 12-storey tower in Culture Village completed in 2017 by RMG. It last sold on 17 November 2015 for AED 1,107,140, or AED 1,203 per sqft, 9% below the AED 1,328 one-beds in the building were fetching at the time.
It has been rented since 2021 on 2 Ejari contracts. The current contract, renewed on 25 October 2022, is AED 45,000 a year: a gross yield of 4.1% on the 2015 price, before the service charge of about AED 16,900 a year.
Sales and rents for 508 over time
508 has sold twice; 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 508 sits
All 46 1-beds →508 last sold in November 2015 at AED 1,203 per sqft, 9% below what one-beds in Niloofar Tower were fetching at the time (AED 1,328). 508's AED 45,000 is at the bottom 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 | |
| 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, Niloofar Tower in numbers
- Sold twice: first on 11 February 2013 for AED 1,107,140, last on 17 November 2015 for AED 1,107,140 (AED 1,203 per sqft).
- Rented since October 2021 on 2 Ejari contracts, from AED 41,000 to AED 45,000 a year.
- At AED 45,000 a year the gross yield on the 2015 price is 4.1%, before a service charge of about AED 16,900 a year (AED 18.38 per sqft).
Source: Dubai Land Department. Updated 25 October 2022.
Questions about 508, Niloofar Tower
What did unit 508 last sell for?
AED 1,107,140 on 17 November 2015: AED 1,203 per sqft for 920 sqft. The unit has 2 registered sales; the first was AED 1,107,140 in February 2013.
What is the rent for unit 508?
AED 45,000 a year on the contract renewed on 25 October 2022. The previous contract, from October 2021, was AED 41,000.
How big is unit 508?
920 sqft (85.5 sqm): a one-bedroom apartment on the 5th floor of a 12-storey tower completed in 2017.
What is unit 508 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 508, Niloofar Tower
Starts from the last sale price (AED 1.11M, 17 November 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 1,107,140
- Deposit, UAE resident (20%)
- AED 221,428
- Deposit, non-resident (40%)
- AED 442,856
- Monthly over 25 years at 3.7%
- AED 4,530
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →