3-bed · 1,851 sqftRiah Tower, Culture Village · 7th floor · completed 2016

706, Riah Tower

Sold prices and rental history: sold twice, last in June 2021, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 706 · DLD and Ejari recordsUpdated 28 June 2021
Last soldAED 1.34M28 June 2021
Current rentAED 85K /yr5 September 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 706, Riah Tower

What is 706 worth today?

Last sold for AED 1,335,000 in 2021

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28 Jun 2021SoldReady
AED 1,335,000AED 721 per sqft
5 Sep 2020RentedNew contract
AED 85,000/yr12 months · AED 46 per sqft
20 Jun 2019RentedNew contract
AED 90,000/yr12 months · AED 49 per sqft
18 Dec 2016Sold by developerOff-plan
AED 1,550,308AED 837 per sqft

Source: Dubai Land Department. Updated 28 June 2021.

Key facts

Type
3-bed apartment
Size
1,851 sqft
Floor
7th of 16
Parking
B3-18 , B3-19
Developer
Radiant Star Properties
Completed
2016
Service charge
AED 25,700 /yr
Last sold
AED 1.34M · June 2021
Building
Riah Tower

About 706, Riah Tower

706 is a three-bedroom apartment of 1,851 sqft on the 7th floor of Riah Tower, a 16-storey tower in Culture Village completed in 2016 by Radiant Star Properties. It last sold on 28 June 2021 for AED 1,335,000, or AED 721 per sqft, 7% below the AED 778 three-beds in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 5 September 2020, is AED 85,000 a year: a gross yield of 6.4% on the 2021 price, before the service charge of about AED 25,700 a year.

Sales and rents for 706 over time

Sales
Unit 706, each saleTypical three-bed in Riah Tower
1.5M2M2016201920222025Typical 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 2016: AED 1,550,308 (AED 837 per sqft)Sold, June 2021: AED 1,335,000 (AED 721 per sqft)

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

Rents
Unit 706, 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, June 2019: AED 90,000 a yearNew contract, September 2020: AED 85,000 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 706 sits

All 49 3-beds →

706 last sold in June 2021 at AED 721 per sqft, 7% below what three-beds in Riah Tower were fetching at the time (AED 778). 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. 706's AED 85,000 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 7th floor

All 156 units in Riah Tower
Value
7012-bedAED 1.4M · Dec 2022
702StudioAED 665K · Jan 2018
7032-bedAED 1.33M · May 2023
7041-bedAED 1.05M · Jun 2025
7051-bedAED 910K · Jun 2018
7071-bedAED 1.13M · Mar 2018
7082-bedAED 1.1M · Aug 2022
1–7 of 9

706, Riah Tower in numbers

  • Sold twice: first on 18 December 2016 for AED 1,550,308, last on 28 June 2021 for AED 1,335,000 (AED 721 per sqft).
  • Rented since June 2019 on 2 Ejari contracts, from AED 90,000 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2021 price is 6.4%, 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 28 June 2021.

Questions about 706, Riah Tower

What did unit 706 last sell for?

AED 1,335,000 on 28 June 2021: AED 721 per sqft for 1,851 sqft. The unit has 2 registered sales; the first was AED 1,550,308 in December 2016.

What is the rent for unit 706?

AED 85,000 a year on the contract signed on 5 September 2020. The previous contract, from June 2019, was AED 90,000.

How big is unit 706?

1,851 sqft (172.0 sqm): a three-bedroom apartment on the 7th floor of a 16-storey tower completed in 2016.

What is unit 706 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 706, Riah Tower

Starts from the last sale price (AED 1.34M, 28 June 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,335,000
Deposit, UAE resident (20%)
AED 267,000
Deposit, non-resident (40%)
AED 534,000
Monthly over 25 years at 3.7%
AED 5,462

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