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2-bed · 1,485 sqftRiah Tower, Culture Village · 3rd floor · completed 2016

308, Riah Tower

Sold prices and rental history: sold twice, last in August 2020, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 308 · DLD and Ejari recordsUpdated 3 August 2020
Last soldAED 1.1M3 August 2020
Current rentAED 90K /yr11 July 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 308, Riah Tower

What is 308 worth today?

Last sold for AED 1,100,000 in 2020

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3 Aug 2020SoldReady
AED 1,100,000AED 740 per sqft
11 Jul 2019RentedRenewal
AED 90,000/yr12 months · AED 61 per sqft
11 Jul 2018RentedNew contract
AED 90,000/yr12 months · AED 61 per sqft
18 Dec 2016Sold by developerOff-plan
AED 1,228,244AED 826 per sqft

Source: Dubai Land Department. Updated 3 August 2020.

Key facts

Type
2-bed apartment
Size
1,485 sqft
Floor
3rd of 16
Parking
B1-06, B1-05
Developer
Radiant Star Properties
Completed
2016
Service charge
AED 20,600 /yr
Last sold
AED 1.1M · August 2020
Building
Riah Tower

About 308, Riah Tower

308 is a two-bedroom apartment of 1,485 sqft on the 3rd floor of Riah Tower, a 16-storey tower in Culture Village completed in 2016 by Radiant Star Properties. It last sold on 3 August 2020 for AED 1,100,000, or AED 740 per sqft, 14% below the AED 864 two-beds in the building were fetching at the time.

It has been rented since 2018 on 2 Ejari contracts. The current contract, renewed on 11 July 2019, is AED 90,000 a year: a gross yield of 8.2% on the 2020 price, before the service charge of about AED 20,600 a year.

Sales and rents for 308 over time

Sales
Unit 308, each saleTypical two-bed in Riah Tower
1M1.5M2016201920222025Typical sale price by year: 2016 AED 1,233,719; 2017 AED 1,772,521; 2018 AED 1,485,432; 2019 AED 1,271,199; 2020 AED 1,187,500; 2021 AED 1,316,824; 2022 AED 1,178,294; 2023 AED 1,308,408; 2024 AED 1,400,000; 2025 AED 1,555,000; 2026 AED 1,700,000Sold by developer, December 2016: AED 1,228,244 (AED 826 per sqft)Sold, August 2020: AED 1,100,000 (AED 740 per sqft)

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

Rents
Unit 308, each contractTypical two-bed in Riah Tower
80K100K2018202120242027Typical rent by year: 2018 AED 95,000; 2019 AED 88,000; 2020 AED 70,000; 2021 AED 70,000; 2022 AED 73,500; 2023 AED 85,000; 2024 AED 100,000; 2025 AED 110,000; 2026 AED 100,000New contract, July 2018: AED 90,000 a yearRenewal, July 2019: AED 90,000 a year

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 308 sits

All 47 2-beds →

308 last sold in August 2020 at AED 740 per sqft, 14% below what two-beds in Riah Tower were fetching at the time (AED 864). 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. 308's AED 90,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
4 Sep 20261,510,000
24 Jun 20262,100,000
23 Mar 20261,700,000
24 Dec 20251,600,000
4 2-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 3rd floor

All 156 units in Riah Tower
Value
3012-bedAED 1.56M · Jan 2025
302StudioAED 665K · Mar 2018
3032-bedAED 1.3M · Dec 2018
3041-bedAED 793K · May 2019
3051-bedAED 945K · May 2019
3063-bedAED 1.38M · Apr 2022
3071-bedAED 1.35M · Nov 2025
1–7 of 9

308, Riah Tower in numbers

  • Sold twice: first on 18 December 2016 for AED 1,228,244, last on 3 August 2020 for AED 1,100,000 (AED 740 per sqft).
  • Rented since July 2018 on 2 Ejari contracts, at AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2020 price is 8.2%, 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 3 August 2020.

Questions about 308, Riah Tower

What did unit 308 last sell for?

AED 1,100,000 on 3 August 2020: AED 740 per sqft for 1,485 sqft. The unit has 2 registered sales; the first was AED 1,228,244 in December 2016.

What is the rent for unit 308?

AED 90,000 a year on the contract renewed on 11 July 2019. The previous contract, from July 2018, was AED 90,000.

How big is unit 308?

1,485 sqft (138.0 sqm): a two-bedroom apartment on the 3rd floor of a 16-storey tower completed in 2016.

What is unit 308 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 308, Riah Tower

Starts from the last sale price (AED 1.1M, 3 August 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,100,000
Deposit, UAE resident (20%)
AED 220,000
Deposit, non-resident (40%)
AED 440,000
Monthly over 25 years at 3.7%
AED 4,500

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