1-bed · 945 sqftRiah Tower, Culture Village · 12th floor · completed 2016

1204, Riah Tower

Sold prices and rental history: sold twice, last in June 2024, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1204 · DLD and Ejari recordsUpdated 12 June 2024
Last soldAED 920K12 June 2024
Current rentAED 30K /yr22 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1204, Riah Tower

What is 1204 worth today?

Last sold for AED 920,000 in 2024

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12 Jun 2024SoldReady
AED 920,000AED 974 per sqft
22 Nov 2022RentedNew contract
AED 30,000/yr12 months · AED 32 per sqft
8 Nov 2019RentedRenewal
AED 65,000/yr12 months · AED 69 per sqft
8 Nov 2018RentedRenewal
AED 70,000/yr12 months · AED 74 per sqft
8 Nov 2017RentedNew contract
AED 75,000/yr12 months · AED 79 per sqft
12 Jan 2017Sold by developerOff-plan
AED 1,010,733AED 1,070 per sqft

Source: Dubai Land Department. Updated 12 June 2024.

Key facts

Type
1-bed apartment
Size
945 sqft
Floor
12th of 16
Parking
B2-21
Developer
Radiant Star Properties
Completed
2016
Service charge
AED 13,100 /yr
Last sold
AED 920K · June 2024
Building
Riah Tower

About 1204, Riah Tower

1204 is a one-bedroom apartment of 945 sqft on the 12th floor of Riah Tower, a 16-storey tower in Culture Village completed in 2016 by Radiant Star Properties. It last sold on 12 June 2024 for AED 920,000, or AED 974 per sqft, 5% above the AED 929 one-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, signed on 22 November 2022, is AED 30,000 a year: a gross yield of 3.3% on the 2024 price, before the service charge of about AED 13,100 a year.

Sales and rents for 1204 over time

Sales
Unit 1204, each saleTypical one-bed in Riah Tower
800K1M2016201920222025Typical sale price by year: 2016 AED 862,006; 2017 AED 1,019,652; 2018 AED 1,050,980; 2019 AED 941,010; 2021 AED 885,400; 2022 AED 797,743; 2023 AED 875,000; 2024 AED 905,000; 2025 AED 1,130,000Sold by developer, January 2017: AED 1,010,733 (AED 1,070 per sqft)Sold, June 2024: AED 920,000 (AED 974 per sqft)

1204 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1204, each contractTypical one-bed in Riah Tower
25K50K75K2017202020232026Typical rent by year: 2018 AED 69,500; 2019 AED 62,000; 2020 AED 51,136; 2021 AED 49,000; 2022 AED 52,000; 2023 AED 56,000; 2024 AED 68,000; 2025 AED 75,000; 2026 AED 73,000New contract, November 2017: AED 75,000 a yearRenewal, November 2018: AED 70,000 a yearRenewal, November 2019: AED 65,000 a yearNew contract, November 2022: AED 30,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Riah Tower, and where 1204 sits

All 45 1-beds →

1204 last sold in June 2024 at AED 974 per sqft, 5% above what one-beds in Riah Tower were fetching at the time (AED 929). Over the last 12 months one-beds sold for AED 1,350,000, around AED 1,219 per sqft, and rent for AED 60,900 to 85,000 a year. 1204's AED 30,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
25 Nov 20251,350,000
25 Jun 20251,050,000
7 May 20251,130,000
15 Nov 20241,060,000
1 1-bed sale in the last 12 months

Riah Tower

Building

156 apartments, studios to 3-bed over 16 floors in Culture Village, completed in 2016 by Radiant Star Properties. 9 sold in the last 12 months.

Typical price per sqft
AED 1,153
Typical sale
AED 1.7M
Typical rent
AED 95K /yr
Typical yield
5.9%
Riah Tower, Culture Village: prices, sales and rents →

Other units on the 12th floor

All 156 units in Riah Tower
Value
12012-bedAED 1.4M · Jul 2024
1202StudioAED 650K · Mar 2023
12032-bedAED 1.84M · May 2018
12051-bedAED 800K · Jan 2023
12063-bedAED 1.2M · Feb 2018
12071-bedAED 1.24M · Aug 2017
12082-bedAED 1.82M · Aug 2017
1–7 of 9

1204, Riah Tower in numbers

  • Sold twice: first on 12 January 2017 for AED 1,010,733, last on 12 June 2024 for AED 920,000 (AED 974 per sqft).
  • Rented since November 2017 on 4 Ejari contracts, from AED 75,000 to AED 30,000 a year.
  • At AED 30,000 a year the gross yield on the 2024 price is 3.3%, before a service charge of about AED 13,100 a year (AED 13.90 per sqft).
  • One-beds in Riah Tower sold for AED 1,350,000–1,350,000 in the 12 months to November 2026; the building's median across all types is AED 1,153 per sqft.

Source: Dubai Land Department. Updated 12 June 2024.

Questions about 1204, Riah Tower

What did unit 1204 last sell for?

AED 920,000 on 12 June 2024: AED 974 per sqft for 945 sqft. The unit has 2 registered sales; the first was AED 1,010,733 in January 2017.

What is the rent for unit 1204?

AED 30,000 a year on the contract signed on 22 November 2022. The previous contract, from November 2019, was AED 65,000; the unit has been rented since November 2017.

How big is unit 1204?

945 sqft (87.8 sqm): a one-bedroom apartment on the 12th floor of a 16-storey tower completed in 2016.

What is unit 1204 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Riah Tower sold for AED 1,350,000 to 1,350,000 in the last 12 months, around AED 1,219 per sqft.

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Mortgage on 1204, Riah Tower

Starts from the last sale price (AED 920K, 12 June 2024). Switch to today's estimate once you have unlocked it.
Price
AED 920,000
Deposit, UAE resident (20%)
AED 184,000
Deposit, non-resident (40%)
AED 368,000
Monthly over 25 years at 3.7%
AED 3,764

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