1-bed · 1,081 sqftNiloofar Tower, Culture Village · 7th floor · completed 2017

704, Niloofar Tower

Sold prices and rental history: sold twice, last in November 2014, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 704 · DLD and Ejari recordsUpdated 23 November 2014
Last soldAED 1.44M23 November 2014
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 704, Niloofar Tower

What is 704 worth today?

Last sold for AED 1,435,594 in 2014

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23 Nov 2014SoldOff-plan
AED 1,435,594AED 1,328 per sqft
17 Mar 2014Sold by developerOff-plan
AED 911,488AED 843 per sqft

Source: Dubai Land Department. Updated 23 November 2014.

Key facts

Type
1-bed apartment
Size
1,081 sqft
Floor
7th of 12
Parking
B3-13
Developer
RMG
Completed
2017
Service charge
AED 19,900 /yr
Last sold
AED 1.44M · November 2014

About 704, Niloofar Tower

704 is a one-bedroom apartment of 1,081 sqft on the 7th 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.

No rental contract for the unit is registered on Ejari.

Sales and rents for 704 over time

Sales
Unit 704, each saleTypical one-bed in Niloofar Tower
1M2M2011201420172020Typical sale price by year: 2011 AED 1,950,415; 2013 AED 824,814; 2014 AED 919,097; 2015 AED 1,169,793; 2016 AED 834,008; 2021 AED 675,150Sold by developer, March 2014: AED 911,488 (AED 843 per sqft)Sold, November 2014: AED 1,435,594 (AED 1,328 per sqft)

704 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 704, each contractTypical one-bed in Niloofar Tower
50K60K2018202120242027Typical rent by year: 2018 AED 62,000; 2019 AED 59,000; 2020 AED 52,000; 2021 AED 45,000; 2022 AED 46,200; 2023 AED 51,410; 2024 AED 55,000; 2025 AED 62,000; 2026 AED 60,000

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 704 sits

All 46 1-beds →

704 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).

Recent 1-bed salesUnit no.Price (AED)Summary
21 Feb 2022598,220
11 Aug 2021750,000
29 Jun 2021675,299
8 Jun 2021675,000
0 1-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
7022-bedAED 1.02M · Dec 2017
703StudioAED 588K · Jan 2018
7051-bedAED 953K · Mar 2016
706StudioAED 650K · Mar 2026
7081-bedAED 550K · Apr 2021

704, Niloofar Tower in numbers

  • Sold twice: first on 17 March 2014 for AED 911,488, last on 23 November 2014 for AED 1,435,594 (AED 1,328 per sqft).

Source: Dubai Land Department. Updated 23 November 2014.

Questions about 704, Niloofar Tower

What did unit 704 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.

How big is unit 704?

1,081 sqft (100.4 sqm): a one-bedroom apartment on the 7th floor of a 12-storey tower completed in 2017.

What is unit 704 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 704, 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 →