3-bed · 4,756 sqftRiah Tower, Culture Village · 16th floor · completed 2016

1606, Riah Tower

Sold prices and rental history: sold once, by the developer in September 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1606 · DLD and Ejari recordsUpdated 2 September 2024
Last soldAED 3.57M2 September 2024
Current rentAED 100K /yr10 October 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1606, Riah Tower

What is 1606 worth today?

Last sold for AED 3,566,865 in 2024

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2 Sep 2024Sold by developerReady
AED 3,566,865AED 749 per sqft
10 Oct 2021RentedNew contract · flagged as an outlier
AED 100,000/yr24 months · AED 21 per sqft
10 Oct 2021RentedNew contract
AED 100,000/yr24 months · AED 21 per sqft
15 Apr 2019RentedNew contract · flagged as an outlier
AED 100,000/yr12 months · AED 21 per sqft
15 Apr 2019RentedNew contract
AED 100,000/yr12 months · AED 21 per sqft

Source: Dubai Land Department. Updated 2 September 2024.

Key facts

Type
3-bed apartment
Size
4,756 sqft
Floor
16th of 16
Parking
G-17, G-18, G-19
Developer
Radiant Star Properties
Completed
2016
Service charge
AED 66,100 /yr
Last sold
AED 3.57M · September 2024
Building
Riah Tower

About 1606, Riah Tower

1606 is a three-bedroom apartment of 4,756 sqft on the 16th floor of Riah Tower, a 16-storey tower in Culture Village completed in 2016 by Radiant Star Properties. The developer sold it on 2 September 2024 for AED 3,566,865, or AED 749 per sqft, 14% below the AED 867 three-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 10 October 2021, is AED 100,000 a year: a gross yield of 2.8% on the 2024 price, before the service charge of about AED 66,100 a year.

Sales and rents for 1606 over time

Sales
Unit 1606, each saleTypical three-bed in Riah Tower
2M3M2016201920222025Typical 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, September 2024: AED 3,566,865 (AED 749 per sqft)

1606 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1606, each contractTypical three-bed in Riah Tower
100K125K2018202120242027Typical 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, April 2019: AED 100,000 a yearNew contract, October 2021: AED 100,000 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 1606 sits

All 49 3-beds →

1606 last sold in September 2024 at AED 749 per sqft, 14% below what three-beds in Riah Tower were fetching at the time (AED 867). 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. 1606's AED 100,000 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 16th floor

All 156 units in Riah Tower
Value
16013-bedAED 2.2M · Sep 2022
16022-bedAED 2.02M · Jul 2025
16032-bedAED 1.87M · Aug 2021
16043-bedAED 2.75M · Feb 2025
16053-bedAED 2.4M · Mar 2023

1606, Riah Tower in numbers

  • Sold once: by Radiant Star Properties on 2 September 2024 for AED 3,566,865, or AED 749 per sqft.
  • Rented since April 2019 on 4 Ejari contracts, at AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2024 price is 2.8%, before a service charge of about AED 66,100 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 2 September 2024.

Questions about 1606, Riah Tower

What did unit 1606 last sell for?

AED 3,566,865 on 2 September 2024, sold by the developer: AED 749 per sqft for 4,756 sqft. It is the only registered sale of the unit.

What is the rent for unit 1606?

AED 100,000 a year on the contract signed on 10 October 2021. The previous contract, from October 2021, was AED 100,000; the unit has been rented since April 2019.

How big is unit 1606?

4,756 sqft (441.8 sqm): a three-bedroom apartment on the 16th floor of a 16-storey tower completed in 2016.

What is unit 1606 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 1606, Riah Tower

Starts from the last sale price (AED 3.57M, 2 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,566,865
Deposit, UAE resident (20%)
AED 713,373
Deposit, non-resident (40%)
AED 1,426,746
Monthly over 25 years at 3.7%
AED 14,593

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