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Studio · 465 sqftPark View Tower, Jumeirah Village Circle (JVC) · 10th floor · completed 2021

1018, Park View Tower

Sold prices and rental history: sold twice, last in May 2023, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1018 · DLD and Ejari recordsUpdated 10 December 2024
Last soldAED 650K4 May 2023
Current rentAED 55K /yr10 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1018, Park View Tower

What is 1018 worth today?

Last sold for AED 650,000 in 2023

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10 Dec 2024RentedNew contract
AED 55,000/yr12 months · AED 119 per sqft
4 May 2023SoldReady
AED 650,000AED 1,398 per sqft
10 Aug 2022RentedNew contract
AED 42,000/yr12 months · AED 91 per sqft
4 Jul 2022Sold by developerReady
AED 530,000AED 1,140 per sqft

Source: Dubai Land Department. Updated 10 December 2024.

Key facts

Type
Studio apartment
Size
465 sqft
Floor
10th of 19
Parking
P2-31
Developer
Revi Real Estate Development
Completed
2021
Service charge
AED 8,400 /yr
Last sold
AED 650K · May 2023
Building
Park View Tower

About 1018, Park View Tower

1018 is a studio of 465 sqft on the 10th floor of Park View Tower, a 19-storey tower in Jumeirah Village Circle (JVC) completed in 2021 by Revi Real Estate Development . It last sold on 4 May 2023 for AED 650,000, or AED 1,398 per sqft, 24% above the AED 1,130 studios in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 10 December 2024, is AED 55,000 a year: a gross yield of 8.5% on the 2023 price, before the service charge of about AED 8,400 a year.

Sales and rents for 1018 over time

Sales
Unit 1018, each saleTypical studio in Park View Tower
400K600K2017202020232026Typical sale price by year: 2017 AED 577,641; 2018 AED 562,000; 2021 AED 369,729; 2022 AED 517,500; 2023 AED 557,500; 2024 AED 612,500; 2025 AED 645,000; 2026 AED 620,000Sold by developer, July 2022: AED 530,000 (AED 1,140 per sqft)Sold, May 2023: AED 650,000 (AED 1,398 per sqft)

1018 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1018, each contractTypical studio in Park View Tower
40K50K2021202320252027Typical rent by year: 2021 AED 37,500; 2022 AED 45,000; 2023 AED 48,000; 2024 AED 52,000; 2025 AED 55,000; 2026 AED 50,000New contract, August 2022: AED 42,000 a yearNew contract, December 2024: AED 55,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Park View Tower, and where 1018 sits

All 156 studios →

1018 last sold in May 2023 at AED 1,398 per sqft, 24% above what studios in Park View Tower were fetching at the time (AED 1,130). Over the last 12 months studios sold for AED 141,595 to 787,608, around AED 1,384 per sqft, and rent for AED 24,000 to 110,000 a year. 1018's AED 55,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
24 Sep 2026600,000
27 Jul 2026141,595
11 Jun 2026545,000
27 Apr 2026660,000
10 studio sales in the last 12 months

Park View Tower

Building

278 apartments, studios to 3-bed over 19 floors in Jumeirah Village Circle (JVC), completed in 2021 by Revi Real Estate Development . 17 sold in the last 12 months.

Typical price per sqft
AED 1,217 Down 8.6%
Typical sale
AED 673K
Typical rent
AED 57K /yr
Typical yield
7.9%
Park View Tower, Jumeirah Village Circle (JVC): prices, sales and rents →

Other units on the 10th floor

All 278 units in Park View Tower
Value
1001StudioAED 485K · Jul 2022
10021-bedAED 940K · Aug 2022
1003StudioAED 587K · Jul 2017
1004StudioAED 574K · Aug 2017
1005StudioAED 578K · Dec 2017
1006StudioAED 578K · Jul 2017
1007StudioAED 640K · Mar 2025
1–7 of 19

1018, Park View Tower in numbers

  • Sold twice: first on 4 July 2022 for AED 530,000, last on 4 May 2023 for AED 650,000 (AED 1,398 per sqft).
  • Rented since August 2022 on 2 Ejari contracts, from AED 42,000 to AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2023 price is 8.5%, before a service charge of about AED 8,400 a year (AED 18.11 per sqft).
  • Studios in Park View Tower sold for AED 141,595–787,608 in the 12 months to November 2026; the building's median across all types is AED 1,217 per sqft.

Source: Dubai Land Department. Updated 10 December 2024.

Questions about 1018, Park View Tower

What did unit 1018 last sell for?

AED 650,000 on 4 May 2023: AED 1,398 per sqft for 465 sqft. The unit has 2 registered sales; the first was AED 530,000 in July 2022.

What is the rent for unit 1018?

AED 55,000 a year on the contract signed on 10 December 2024. The previous contract, from August 2022, was AED 42,000.

How big is unit 1018?

465 sqft (43.2 sqm): a studio on the 10th floor of a 19-storey tower completed in 2021.

What is unit 1018 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Park View Tower sold for AED 141,595 to 787,608 in the last 12 months, around AED 1,384 per sqft.

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Mortgage on 1018, Park View Tower

Starts from the last sale price (AED 650K, 4 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 650,000
Deposit, UAE resident (20%)
AED 130,000
Deposit, non-resident (40%)
AED 260,000
Monthly over 25 years at 3.7%
AED 2,659

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