602, Niloofar Tower
Sold prices and rental history: sold twice, last in November 2014, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 602, Niloofar Tower
What is 602 worth today?
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Source: Dubai Land Department. Updated 15 November 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,280 sqft
- Floor
- 6th of 12
- Parking
- B3-22 , B3-23
- Developer
- RMG
- Completed
- 2017
- Service charge
- AED 23,500 /yr
- Last sold
- AED 1.71M · November 2014
- Building
- Niloofar Tower
About 602, Niloofar Tower
602 is a two-bedroom apartment of 1,280 sqft on the 6th floor of Niloofar Tower, a 12-storey tower in Culture Village completed in 2017 by RMG. It last sold on 23 November 2014 for AED 1,713,600, or AED 1,338 per sqft, 36% above the AED 982 two-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 15 November 2024, is AED 85,000 a year: a gross yield of 5.0% on the 2014 price, before the service charge of about AED 23,500 a year.
Sales and rents for 602 over time
602 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 602 sits
All 23 2-beds →602 last sold in November 2014 at AED 1,338 per sqft, 36% above what two-beds in Niloofar Tower were fetching at the time (AED 982). 602's AED 85,000 is in the upper half 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 6th floor
All 93 units in Niloofar Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | 1-bed | 919 sqft | AED 827KAED 827,181 · Mar 2016March 2016 | 62,000 /yr | |
| 603 | Studio | 653 sqft | AED 594KAED 594,000 · Feb 2016February 2016 | 47,000 /yr | |
| 604 | 1-bed | 1,081 sqft | AED 1.44MAED 1,435,594 · Nov 2014November 2014 | 62,000 /yr | |
| 605 | 1-bed | 1,059 sqft | AED 1.41MAED 1,412,271 · Nov 2014November 2014 | 56,000 /yr | |
| 606 | Studio | 535 sqft | AED 630KAED 630,000 · May 2014May 2014 | 36,000 /yr | |
| 607 | 2-bed | 1,391 sqft | AED 1.26MAED 1,260,000 · Jul 2013July 2013 | ||
| 608 | 1-bed | 920 sqft | AED 1.22MAED 1,218,735 · Jan 2015January 2015 | 56,000 /yr |
602, Niloofar Tower in numbers
- Sold twice: first on 16 March 2014 for AED 1,088,192, last on 23 November 2014 for AED 1,713,600 (AED 1,338 per sqft).
- Rented since August 2019 on 4 Ejari contracts. The rent fell from AED 77,000 to AED 55,000 in 2021 and recovered to AED 85,000 by November 2024.
- At AED 85,000 a year the gross yield on the 2014 price is 5.0%, before a service charge of about AED 23,500 a year (AED 18.38 per sqft).
Source: Dubai Land Department. Updated 15 November 2024.
Questions about 602, Niloofar Tower
What did unit 602 last sell for?
AED 1,713,600 on 23 November 2014: AED 1,338 per sqft for 1,280 sqft. The unit has 2 registered sales; the first was AED 1,088,192 in March 2014.
What is the rent for unit 602?
AED 85,000 a year on the contract signed on 15 November 2024. The previous contract, from September 2021, was AED 55,000; the unit has been rented since August 2019.
How big is unit 602?
1,280 sqft (118.9 sqm): a two-bedroom apartment on the 6th floor of a 12-storey tower completed in 2017.
What is unit 602 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 602, Niloofar Tower
Starts from the last sale price (AED 1.71M, 23 November 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 1,713,600
- Deposit, UAE resident (20%)
- AED 342,720
- Deposit, non-resident (40%)
- AED 685,440
- Monthly over 25 years at 3.7%
- AED 7,011
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →