3-bed · 1,994 sqftRiah Tower, Culture Village · 12th floor · completed 2016

1209, Riah Tower

Sold prices and rental history: sold once, by the developer in August 2017, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1209 · DLD and Ejari recordsUpdated 28 February 2024
Last soldAED 2.46M28 August 2017
Current rentAED 70K /yr28 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1209, Riah Tower

What is 1209 worth today?

Last sold for AED 2,462,460 in 2017

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28 Feb 2024RentedRenewal
AED 70,000/yr12 months · AED 35 per sqft
28 Feb 2023RentedRenewal
AED 70,000/yr12 months · AED 35 per sqft
28 Feb 2022RentedRenewal
AED 70,000/yr12 months · AED 35 per sqft
28 Feb 2021RentedRenewal
AED 70,000/yr12 months · AED 35 per sqft
28 Feb 2020RentedRenewal
AED 70,000/yr12 months · AED 35 per sqft
28 Feb 2019RentedNew contract
AED 70,000/yr12 months · AED 35 per sqft
28 Aug 2017Sold by developerOff-plan
AED 2,462,460AED 1,234 per sqft

Source: Dubai Land Department. Updated 28 February 2024.

Key facts

Type
3-bed apartment
Size
1,994 sqft
Floor
12th of 16
Parking
B2-10, B2-11
Developer
Radiant Star Properties
Completed
2016
Service charge
AED 27,700 /yr
Last sold
AED 2.46M · August 2017
Building
Riah Tower

About 1209, Riah Tower

1209 is a three-bedroom apartment of 1,994 sqft on the 12th floor of Riah Tower, a 16-storey tower in Culture Village completed in 2016 by Radiant Star Properties. The developer sold it on 28 August 2017 for AED 2,462,460, or AED 1,234 per sqft, 47% above the AED 837 three-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, renewed on 28 February 2024, is AED 70,000 a year: a gross yield of 2.8% on the 2017 price, before the service charge of about AED 27,700 a year.

Sales and rents for 1209 over time

Sales
Unit 1209, each saleTypical three-bed in Riah Tower
1.5M2M2.5M2016201920222025Typical sale price by year: 2016 AED 1,691,790; 2018 AED 2,285,910; 2019 AED 1,875,299; 2020 AED 1,565,392; 2021 AED 1,563,983; 2022 AED 1,570,771; 2023 AED 1,626,152; 2024 AED 1,980,000; 2025 AED 2,320,000Sold by developer, August 2017: AED 2,462,460 (AED 1,234 per sqft)

1209 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1209, each contractTypical three-bed in Riah Tower
100K2018202120242027Typical rent by year: 2018 AED 120,000; 2019 AED 122,500; 2020 AED 90,000; 2021 AED 87,000; 2022 AED 88,100; 2023 AED 100,000; 2024 AED 123,000; 2025 AED 130,000; 2026 AED 132,750New contract, February 2019: AED 70,000 a yearRenewal, February 2020: AED 70,000 a yearRenewal, February 2021: AED 70,000 a yearRenewal, February 2022: AED 70,000 a yearRenewal, February 2023: AED 70,000 a yearRenewal, February 2024: AED 70,000 a year

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

3-beds in Riah Tower, and where 1209 sits

All 49 3-beds →

1209 last sold in August 2017 at AED 1,234 per sqft, 47% above what three-beds in Riah Tower were fetching at the time (AED 837). Over the last 12 months three-beds sold for AED 2,000,000 to 2,600,000, around AED 1,085 per sqft, and rent for AED 115,000 to 183,500 a year. 1209's AED 70,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
4 Dec 20252,600,000
27 Nov 20252,000,000
25 Nov 20252,600,000
8 May 20252,340,000
3 3-bed sales 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
12041-bedAED 920K · Jun 2024
12051-bedAED 800K · Jan 2023
12063-bedAED 1.2M · Feb 2018
12071-bedAED 1.24M · Aug 2017
1–7 of 9

1209, Riah Tower in numbers

  • Sold once: by Radiant Star Properties on 28 August 2017 for AED 2,462,460, or AED 1,234 per sqft.
  • Rented since February 2019 on 6 Ejari contracts, at AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2017 price is 2.8%, before a service charge of about AED 27,700 a year (AED 13.90 per sqft).
  • Three-beds in Riah Tower sold for AED 2,000,000–2,600,000 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 28 February 2024.

Questions about 1209, Riah Tower

What did unit 1209 last sell for?

AED 2,462,460 on 28 August 2017, sold by the developer: AED 1,234 per sqft for 1,994 sqft. It is the only registered sale of the unit.

What is the rent for unit 1209?

AED 70,000 a year on the contract renewed on 28 February 2024. The previous contract, from February 2023, was AED 70,000; the unit has been rented since February 2019.

How big is unit 1209?

1,994 sqft (185.2 sqm): a three-bedroom apartment on the 12th floor of a 16-storey tower completed in 2016.

What is unit 1209 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Riah Tower sold for AED 2,000,000 to 2,600,000 in the last 12 months, around AED 1,085 per sqft.

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Mortgage on 1209, Riah Tower

Starts from the last sale price (AED 2.46M, 28 August 2017). Switch to today's estimate once you have unlocked it.
Price
AED 2,462,460
Deposit, UAE resident (20%)
AED 492,492
Deposit, non-resident (40%)
AED 984,984
Monthly over 25 years at 3.7%
AED 10,075

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