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Studio · 653 sqftNiloofar Tower, Culture Village · 8th floor · completed 2017

803, Niloofar Tower

Sold prices and rental history: sold 3 times, last in December 2014, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 803 · DLD and Ejari recordsUpdated 1 April 2021
Last soldAED 901K24 December 2014
Current rentAED 36K /yr1 April 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 803, Niloofar Tower

What is 803 worth today?

Last sold for AED 901,366 in 2014

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1 Apr 2021RentedNew contract
AED 36,000/yr12 months · AED 55 per sqft
1 Aug 2018RentedNew contract
AED 54,000/yr12 months · AED 82 per sqft
24 Dec 2014SoldOff-plan
AED 901,366AED 1,379 per sqft
23 Nov 2014SoldOff-plan
AED 901,366AED 1,379 per sqft
17 Mar 2014Sold by developerOff-plan
AED 572,296AED 875 per sqft

Source: Dubai Land Department. Updated 1 April 2021.

Key facts

Type
Studio apartment
Size
653 sqft
Floor
8th of 12
Parking
B1-17 , B4-26
Developer
RMG
Completed
2017
Service charge
AED 12,000 /yr
Last sold
AED 901K · December 2014
Building
Niloofar Tower

About 803, Niloofar Tower

803 is a studio of 653 sqft on the 8th floor of Niloofar Tower, a 12-storey tower in Culture Village completed in 2017 by RMG. It last sold on 24 December 2014 for AED 901,366, or AED 1,379 per sqft, 17% above the AED 1,178 studios in the building were fetching at the time.

It has been rented since 2018 on 2 Ejari contracts. The current contract, signed on 1 April 2021, is AED 36,000 a year: a gross yield of 4.0% on the 2014 price, before the service charge of about AED 12,000 a year.

Sales and rents for 803 over time

Sales
Unit 803, each saleTypical studio in Niloofar Tower
500K1M2011201420172020Typical sale price by year: 2011 AED 1,320,655; 2013 AED 662,349; 2014 AED 738,612; 2015 AED 879,792; 2016 AED 588,222; 2020 AED 392,500; 2021 AED 400,000Sold by developer, March 2014: AED 572,296 (AED 875 per sqft)Sold, November 2014: AED 901,366 (AED 1,379 per sqft)Sold, December 2014: AED 901,366 (AED 1,379 per sqft)

803 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 803, each contractTypical studio in Niloofar Tower
30K40K50K2018202120242027Typical rent by year: 2018 AED 47,000; 2019 AED 42,000; 2020 AED 35,000; 2021 AED 33,000; 2022 AED 32,500; 2023 AED 39,000; 2024 AED 46,700; 2025 AED 47,000; 2026 AED 44,500New contract, August 2018: AED 54,000 a yearNew contract, April 2021: AED 36,000 a year

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 803 sits

All 24 studios →

803 last sold in December 2014 at AED 1,379 per sqft, 17% above what studios in Niloofar Tower were fetching at the time (AED 1,178). 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. 803's AED 36,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
19 Jun 2026900,000
17 Mar 2026650,000
11 Apr 2022430,000
21 Feb 2022465,330
2 studio 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 8th floor

All 93 units in Niloofar Tower
Value
8011-bedAED 750K · Feb 2020
8022-bedAED 800K · Oct 2021
8041-bedAED 1.57M · Jul 2014
8051-bedAED 1.12M · Dec 2015
806StudioAED 430K · Apr 2022
8072-bedAED 1.47M · Feb 2014
8081-bedAED 1.93M · Jan 2015

803, Niloofar Tower in numbers

  • Sold 3 times: first on 17 March 2014 for AED 572,296, last on 24 December 2014 for AED 901,366 (AED 1,379 per sqft).
  • Rented since August 2018 on 2 Ejari contracts, from AED 54,000 to AED 36,000 a year.
  • At AED 36,000 a year the gross yield on the 2014 price is 4.0%, 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 1 April 2021.

Questions about 803, Niloofar Tower

What did unit 803 last sell for?

AED 901,366 on 24 December 2014: AED 1,379 per sqft for 653 sqft. The unit has 3 registered sales; the first was AED 572,296 in March 2014.

What is the rent for unit 803?

AED 36,000 a year on the contract signed on 1 April 2021. The previous contract, from August 2018, was AED 54,000.

How big is unit 803?

653 sqft (60.7 sqm): a studio on the 8th floor of a 12-storey tower completed in 2017.

What is unit 803 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 803, Niloofar Tower

Starts from the last sale price (AED 901K, 24 December 2014). Switch to today's estimate once you have unlocked it.
Price
AED 901,366
Deposit, UAE resident (20%)
AED 180,273
Deposit, non-resident (40%)
AED 360,546
Monthly over 25 years at 3.7%
AED 3,688

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