708, Niloofar Tower
Sold prices and rental history: sold twice, last in April 2021, and rented once, from March 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 708, Niloofar Tower
What is 708 worth today?
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Source: Dubai Land Department. Updated 15 April 2021.
Key facts
- Type
- 1-bed apartment
- Size
- 925 sqft
- Floor
- 7th of 12
- Parking
- B3-10
- Developer
- RMG
- Completed
- 2017
- Service charge
- AED 17,000 /yr
- Last sold
- AED 550K · April 2021
- Building
- Niloofar Tower
About 708, Niloofar Tower
708 is a one-bedroom apartment of 925 sqft on the 7th floor of Niloofar Tower, a 12-storey tower in Culture Village completed in 2017 by RMG. It last sold on 15 April 2021 for AED 550,000, or AED 594 per sqft.
One Ejari contract is registered, from 1 March 2019. The current contract, signed on 1 March 2019, is AED 60,000 a year: a gross yield of 10.9% on the 2021 price, before the service charge of about AED 17,000 a year.
Sales and rents for 708 over time
708 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 708 sits
All 46 1-beds →708's AED 60,000 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 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 | ||
| 703 | Studio | 653 sqft | AED 588KAED 588,132 · Jan 2018January 2018 | 45,000 /yr | |
| 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, Niloofar Tower in numbers
- Sold twice: first on 5 July 2015 for AED 1,814,500, last on 15 April 2021 for AED 550,000 (AED 594 per sqft).
- Rented since March 2019 on one Ejari contract, at AED 60,000 a year.
- At AED 60,000 a year the gross yield on the 2021 price is 10.9%, before a service charge of about AED 17,000 a year (AED 18.38 per sqft).
Source: Dubai Land Department. Updated 15 April 2021.
Questions about 708, Niloofar Tower
What did unit 708 last sell for?
AED 550,000 on 15 April 2021: AED 594 per sqft for 925 sqft. The unit has 2 registered sales; the first was AED 1,814,500 in July 2015.
What is the rent for unit 708?
AED 60,000 a year on the contract signed on 1 March 2019.
How big is unit 708?
925 sqft (85.9 sqm): a one-bedroom apartment on the 7th floor of a 12-storey tower completed in 2017.
What is unit 708 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 708, Niloofar Tower
Starts from the last sale price (AED 550K, 15 April 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 550,000
- Deposit, UAE resident (20%)
- AED 110,000
- Deposit, non-resident (40%)
- AED 220,000
- Monthly over 25 years at 3.7%
- AED 2,250
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →