1508, Riah Tower
Sold prices and rental history: sold once, by the developer in May 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1508, Riah Tower
What is 1508 worth today?
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Source: Dubai Land Department. Updated 1 November 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,485 sqft
- Floor
- 15th of 16
- Parking
- B1-55
- Developer
- Radiant Star Properties
- Completed
- 2016
- Service charge
- AED 20,600 /yr
- Last sold
- AED 1.13M · May 2024
- Building
- Riah Tower
About 1508, Riah Tower
1508 is a two-bedroom apartment of 1,485 sqft on the 15th floor of Riah Tower, a 16-storey tower in Culture Village completed in 2016 by Radiant Star Properties. The developer sold it on 31 May 2024 for AED 1,128,920, or AED 759 per sqft, 16% below the AED 899 two-beds in the building were fetching at the time.
It has been rented since 2021 on 2 Ejari contracts. The current contract, renewed on 1 November 2024, is AED 50,000 a year: a gross yield of 4.4% on the 2024 price, before the service charge of about AED 20,600 a year.
Sales and rents for 1508 over time
1508 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Riah Tower, and where 1508 sits
All 47 2-beds →1508 last sold in May 2024 at AED 759 per sqft, 16% below what two-beds in Riah Tower were fetching at the time (AED 899). Over the last 12 months two-beds sold for AED 1,510,000 to 2,100,000, around AED 1,109 per sqft, and rent for AED 85,000 to 127,500 a year. 1508's AED 50,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 4 Sep 20264 September 2026 | 1,419 sqft | 1,510,000 | 1,064 | ||
| 24 Jun 202624 June 2026 | 1,646 sqft | 2,100,000 | 1,275 | ||
| 23 Mar 202623 March 2026 | 1,473 sqft | 1,700,000 | 1,153 | ||
| 24 Dec 202524 December 2025 | 1,646 sqft | 1,600,000 | 972 |
Riah Tower
Building156 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%
Other units on the 15th floor
All 156 units in Riah Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 2-bed | 1,646 sqft | AED 1.55MAED 1,550,000 · Aug 2024August 2024 | 105,000 /yr | |
| 1502 | Studio | 668 sqft | AED 788KAED 787,871 · Mar 2018March 2018 | 57,750 /yr | |
| 1503 | 2-bed | 1,473 sqft | AED 1.7MAED 1,700,000 · Mar 2026March 2026 | 125,000 /yr | |
| 1504 | 1-bed | 945 sqft | AED 1.13MAED 1,130,000 · May 2025May 2025 | 72,000 /yr | |
| 1505 | 1-bed | 867 sqft | AED 1.13MAED 1,127,012 · Mar 2018March 2018 | 69,000 /yr | |
| 1506 | 3-bed | 1,850 sqft | AED 879KAED 878,855 · Oct 2019October 2019 | ||
| 1507 | 1-bed | 1,107 sqft | AED 623KAED 622,733 · Apr 2018April 2018 | ||
| 1509 | 3-bed | 1,940 sqft | AED 1.65MAED 1,650,000 · Aug 2020August 2020 | ||
| 1510 | 3-bed | 2,065 sqft | AED 1.65MAED 1,652,304 · Jan 2023January 2023 | 125,000 /yr |
1508, Riah Tower in numbers
- Sold once: by Radiant Star Properties on 31 May 2024 for AED 1,128,920, or AED 759 per sqft.
- Rented since November 2021 on 2 Ejari contracts, at AED 50,000 a year.
- At AED 50,000 a year the gross yield on the 2024 price is 4.4%, before a service charge of about AED 20,600 a year (AED 13.90 per sqft).
- Two-beds in Riah Tower sold for AED 1,510,000–2,100,000 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 1 November 2024.
Questions about 1508, Riah Tower
What did unit 1508 last sell for?
AED 1,128,920 on 31 May 2024, sold by the developer: AED 759 per sqft for 1,485 sqft. It is the only registered sale of the unit.
What is the rent for unit 1508?
AED 50,000 a year on the contract renewed on 1 November 2024. The previous contract, from November 2021, was AED 50,000.
How big is unit 1508?
1,485 sqft (138.0 sqm): a two-bedroom apartment on the 15th floor of a 16-storey tower completed in 2016.
What is unit 1508 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Riah Tower sold for AED 1,510,000 to 2,100,000 in the last 12 months, around AED 1,109 per sqft.
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Mortgage on 1508, Riah Tower
Starts from the last sale price (AED 1.13M, 31 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,128,920
- Deposit, UAE resident (20%)
- AED 225,784
- Deposit, non-resident (40%)
- AED 451,568
- Monthly over 25 years at 3.7%
- AED 4,619
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →