703, Niloofar Tower
Sold prices and rental history: sold once, by the developer in January 2018, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 703, Niloofar Tower
What is 703 worth today?
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Source: Dubai Land Department. Updated 20 June 2026.
Key facts
- Type
- Studio apartment
- Size
- 653 sqft
- Floor
- 7th of 12
- Parking
- B3-14
- Developer
- RMG
- Completed
- 2017
- Service charge
- AED 12,000 /yr
- Last sold
- AED 588K · January 2018
- Building
- Niloofar Tower
About 703, Niloofar Tower
703 is a studio of 653 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 9 January 2018 for AED 588,132, or AED 900 per sqft, 20% above the AED 750 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 7 Ejari contracts. The current contract, signed on 20 June 2026, is AED 45,000 a year: a gross yield of 7.6% on the 2018 price, before the service charge of about AED 12,000 a year.
Sales and rents for 703 over time
703 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Niloofar Tower, and where 703 sits
All 24 studios →703 last sold in January 2018 at AED 900 per sqft, 20% above what studios in Niloofar Tower were fetching at the time (AED 750). Over the last 12 months studios sold for AED 650,000 to 900,000, around AED 957 per sqft, and rent for AED 36,000 to 55,000 a year. 703's AED 45,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 19 Jun 202619 June 2026 | 1,290 sqft | 900,000 | 697 | ||
| 17 Mar 202617 March 2026 | 535 sqft | 650,000 | 1,216 | ||
| 11 Apr 202211 April 2022 | 535 sqft | 430,000 | 804 | ||
| 21 Feb 202221 February 2022 | 654 sqft | 465,330 | 711 |
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 7th floor
All 93 units in Niloofar Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 1-bed | 924 sqft | AED 750KAED 750,000 · Aug 2021August 2021 | 57,000 /yr | |
| 702 | 2-bed | 1,280 sqft | AED 1.02MAED 1,024,032 · Dec 2017December 2017 | ||
| 704 | 1-bed | 1,081 sqft | AED 1.44MAED 1,435,594 · Nov 2014November 2014 | ||
| 705 | 1-bed | 1,059 sqft | AED 953KAED 952,956 · Mar 2016March 2016 | 60,000 /yr | |
| 706 | Studio | 535 sqft | AED 650KAED 650,000 · Mar 2026March 2026 | 55,000 /yr | |
| 708 | 1-bed | 925 sqft | AED 550KAED 550,000 · Apr 2021April 2021 | 60,000 /yr |
703, Niloofar Tower in numbers
- Sold once: by RMG on 9 January 2018 for AED 588,132, or AED 900 per sqft.
- Rented since June 2018 on 7 Ejari contracts. The rent fell from AED 42,000 to AED 30,000 in 2020 and recovered to AED 45,000 by June 2026.
- At AED 45,000 a year the gross yield on the 2018 price is 7.6%, before a service charge of about AED 12,000 a year (AED 18.38 per sqft).
- Studios in Niloofar Tower sold for AED 650,000–900,000 in the 12 months to November 2026; the building's median across all types is AED 957 per sqft.
Source: Dubai Land Department. Updated 20 June 2026.
Questions about 703, Niloofar Tower
What did unit 703 last sell for?
AED 588,132 on 9 January 2018, sold by the developer: AED 900 per sqft for 653 sqft. It is the only registered sale of the unit.
What is the rent for unit 703?
AED 45,000 a year on the contract signed on 20 June 2026. The previous contract, from June 2025, was AED 48,000; the unit has been rented since June 2018.
How big is unit 703?
653 sqft (60.7 sqm): a studio on the 7th floor of a 12-storey tower completed in 2017.
What is unit 703 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Niloofar Tower sold for AED 650,000 to 900,000 in the last 12 months, around AED 957 per sqft.
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Mortgage on 703, Niloofar Tower
Starts from the last sale price (AED 588K, 9 January 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 588,132
- Deposit, UAE resident (20%)
- AED 117,626
- Deposit, non-resident (40%)
- AED 235,253
- Monthly over 25 years at 3.7%
- AED 2,406
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →