3-bed · 1,850 sqftRiah Tower, Culture Village · 2nd floor · completed 2016

206, Riah Tower

Sold prices and rental history: sold 3 times, last in May 2023, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 206 · DLD and Ejari recordsUpdated 15 May 2023
Last soldAED 1.6M15 May 2023
Current rentAED 88K /yr10 December 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 206, Riah Tower

What is 206 worth today?

Last sold for AED 1,600,000 in 2023

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15 May 2023SoldReady
AED 1,600,000AED 864 per sqft
10 Jan 2023SoldReady
AED 1,304,398AED 704 per sqft
22 Dec 2021Sold by developerReady
AED 1,480,200AED 800 per sqft
10 Dec 2021RentedNew contract
AED 88,000/yr12 months · AED 48 per sqft
22 Oct 2021RentedNew contract
AED 85,000/yr12 months · AED 46 per sqft

Source: Dubai Land Department. Updated 15 May 2023.

Key facts

Type
3-bed apartment
Size
1,850 sqft
Floor
2nd of 16
Parking
B4-11
Developer
Radiant Star Properties
Completed
2016
Service charge
AED 25,700 /yr
Last sold
AED 1.6M · May 2023
Building
Riah Tower

About 206, Riah Tower

206 is a three-bedroom apartment of 1,850 sqft on the 2nd floor of Riah Tower, a 16-storey tower in Culture Village completed in 2016 by Radiant Star Properties. It last sold on 15 May 2023 for AED 1,600,000, or AED 864 per sqft, 23% above the AED 705 three-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 10 December 2021, is AED 88,000 a year: a gross yield of 5.5% on the 2023 price, before the service charge of about AED 25,700 a year.

Sales and rents for 206 over time

Sales
Unit 206, 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, December 2021: AED 1,480,200 (AED 800 per sqft)Sold, January 2023: AED 1,304,398 (AED 704 per sqft)Sold, May 2023: AED 1,600,000 (AED 864 per sqft)

206 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 206, 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, October 2021: AED 85,000 a yearNew contract, December 2021: AED 88,000 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 206 sits

All 49 3-beds →

206 last sold in May 2023 at AED 864 per sqft, 23% above what three-beds in Riah Tower were fetching at the time (AED 705). 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. 206's AED 88,000 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 2nd floor

All 156 units in Riah Tower
Value
2012-bedAED 1.35M · Aug 2024
202StudioAED 468K · Oct 2023
2032-bedAED 774K · Jul 2018
2041-bedAED 850K · Mar 2024
2051-bedAED 954K · Nov 2018
2071-bedAED 900K · Aug 2024
2082-bedAED 1.1M · May 2022
1–7 of 9

206, Riah Tower in numbers

  • Sold 3 times: first on 22 December 2021 for AED 1,480,200, last on 15 May 2023 for AED 1,600,000 (AED 864 per sqft).
  • Rented since October 2021 on 2 Ejari contracts, from AED 85,000 to AED 88,000 a year.
  • At AED 88,000 a year the gross yield on the 2023 price is 5.5%, before a service charge of about AED 25,700 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 15 May 2023.

Questions about 206, Riah Tower

What did unit 206 last sell for?

AED 1,600,000 on 15 May 2023: AED 864 per sqft for 1,850 sqft. The unit has 3 registered sales; the first was AED 1,480,200 in December 2021.

What is the rent for unit 206?

AED 88,000 a year on the contract signed on 10 December 2021. The previous contract, from October 2021, was AED 85,000.

How big is unit 206?

1,850 sqft (171.9 sqm): a three-bedroom apartment on the 2nd floor of a 16-storey tower completed in 2016.

What is unit 206 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 206, Riah Tower

Starts from the last sale price (AED 1.6M, 15 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,600,000
Deposit, UAE resident (20%)
AED 320,000
Deposit, non-resident (40%)
AED 640,000
Monthly over 25 years at 3.7%
AED 6,546

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