604, Niloofar Tower
Sold prices and rental history: sold twice, last in November 2014, and rented once, from July 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 604, Niloofar Tower
What is 604 worth today?
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Source: Dubai Land Department. Updated 1 July 2018.
Key facts
- Type
- 1-bed apartment
- Size
- 1,081 sqft
- Floor
- 6th of 12
- Parking
- B3-20
- Developer
- RMG
- Completed
- 2017
- Service charge
- AED 19,900 /yr
- Last sold
- AED 1.44M · November 2014
- Building
- Niloofar Tower
About 604, Niloofar Tower
604 is a one-bedroom apartment of 1,081 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 1,435,594, or AED 1,328 per sqft, 50% above the AED 884 one-beds in the building were fetching at the time.
One Ejari contract is registered, from 1 July 2018. The current contract, signed on 1 July 2018, is AED 62,000 a year: a gross yield of 4.3% on the 2014 price, before the service charge of about AED 19,900 a year.
Sales and rents for 604 over time
604 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 604 sits
All 46 1-beds →604 last sold in November 2014 at AED 1,328 per sqft, 50% above what one-beds in Niloofar Tower were fetching at the time (AED 884). 604's AED 62,000 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 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 | |
| 602 | 2-bed | 1,280 sqft | AED 1.71MAED 1,713,600 · Nov 2014November 2014 | 85,000 /yr | |
| 603 | Studio | 653 sqft | AED 594KAED 594,000 · Feb 2016February 2016 | 47,000 /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 |
604, Niloofar Tower in numbers
- Sold twice: first on 16 March 2014 for AED 911,488, last on 23 November 2014 for AED 1,435,594 (AED 1,328 per sqft).
- Rented since July 2018 on one Ejari contract, at AED 62,000 a year.
- At AED 62,000 a year the gross yield on the 2014 price is 4.3%, before a service charge of about AED 19,900 a year (AED 18.38 per sqft).
Source: Dubai Land Department. Updated 1 July 2018.
Questions about 604, Niloofar Tower
What did unit 604 last sell for?
AED 1,435,594 on 23 November 2014: AED 1,328 per sqft for 1,081 sqft. The unit has 2 registered sales; the first was AED 911,488 in March 2014.
What is the rent for unit 604?
AED 62,000 a year on the contract signed on 1 July 2018.
How big is unit 604?
1,081 sqft (100.4 sqm): a one-bedroom apartment on the 6th floor of a 12-storey tower completed in 2017.
What is unit 604 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 604, Niloofar Tower
Starts from the last sale price (AED 1.44M, 23 November 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 1,435,594
- Deposit, UAE resident (20%)
- AED 287,119
- Deposit, non-resident (40%)
- AED 574,238
- Monthly over 25 years at 3.7%
- AED 5,873
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →