2-bed · 1,280 sqftNiloofar Tower, Culture Village · 7th floor · completed 2017

702, Niloofar Tower

Sold prices and rental history: sold once, by the developer in December 2017, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 702 · DLD and Ejari recordsUpdated 10 December 2017
Last soldAED 1.02M10 December 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 702, Niloofar Tower

What is 702 worth today?

Last sold for AED 1,024,032 in 2017

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10 Dec 2017Sold by developerOff-plan
AED 1,024,032AED 799 per sqft

Source: Dubai Land Department. Updated 10 December 2017.

Key facts

Type
2-bed apartment
Size
1,280 sqft
Floor
7th of 12
Parking
B3-15
Developer
RMG
Completed
2017
Service charge
AED 23,500 /yr
Last sold
AED 1.02M · December 2017

About 702, Niloofar Tower

702 is a two-bedroom apartment of 1,280 sqft on the 7th floor of Niloofar Tower, a 12-storey tower in Culture Village completed in 2017 by RMG. The developer sold it on 10 December 2017 for AED 1,024,032, or AED 799 per sqft.

No rental contract for the unit is registered on Ejari.

Sales and rents for 702 over time

Sales
Unit 702, each saleTypical two-bed in Niloofar Tower
1M1.25M1.5M2013201620192022Typical sale price by year: 2013 AED 1,281,667; 2014 AED 1,416,869; 2016 AED 1,152,036; 2021 AED 914,951Sold by developer, December 2017: AED 1,024,032 (AED 799 per sqft)

702 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 702, each contractTypical two-bed in Niloofar Tower
60K80K2018202120242027Typical rent by year: 2018 AED 77,500; 2019 AED 71,000; 2020 AED 64,808; 2021 AED 55,000; 2022 AED 62,000; 2023 AED 70,000; 2024 AED 77,193; 2025 AED 78,693; 2026 AED 85,000

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 702 sits

All 23 2-beds →
Recent 2-bed salesUnit no.Price (AED)Summary
7 Oct 2021800,000
2 Aug 20211,250,000
29 Jun 2021914,951
29 Jan 20181,436,726
0 2-bed sales in the last 12 months

Niloofar Tower

Building

93 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%
Niloofar Tower, Culture Village: prices, sales and rents →

Other units on the 7th floor

All 93 units in Niloofar Tower
Value
7011-bedAED 750K · Aug 2021
703StudioAED 588K · Jan 2018
7041-bedAED 1.44M · Nov 2014
7051-bedAED 953K · Mar 2016
706StudioAED 650K · Mar 2026
7081-bedAED 550K · Apr 2021

702, Niloofar Tower in numbers

  • Sold once: by RMG on 10 December 2017 for AED 1,024,032, or AED 799 per sqft.

Source: Dubai Land Department. Updated 10 December 2017.

Questions about 702, Niloofar Tower

What did unit 702 last sell for?

AED 1,024,032 on 10 December 2017, sold by the developer: AED 799 per sqft for 1,280 sqft. It is the only registered sale of the unit.

How big is unit 702?

1,280 sqft (118.9 sqm): a two-bedroom apartment on the 7th floor of a 12-storey tower completed in 2017.

What is unit 702 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 702, Niloofar Tower

Starts from the last sale price (AED 1.02M, 10 December 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,024,032
Deposit, UAE resident (20%)
AED 204,806
Deposit, non-resident (40%)
AED 409,613
Monthly over 25 years at 3.7%
AED 4,190

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →