1-bed · 913 sqftPark View Tower, Jumeirah Village Circle (JVC) · 12th floor · completed 2021

1203, Park View Tower

Sold prices and rental history: sold once, by the developer in July 2017, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1203 · DLD and Ejari recordsUpdated 15 June 2023
Last soldAED 1.08M5 July 2017
Current rentAED 60K /yr15 June 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1203, Park View Tower

What is 1203 worth today?

Last sold for AED 1,078,097 in 2017

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15 Jun 2023RentedRenewal
AED 60,000/yr12 months · AED 66 per sqft
15 Jun 2022RentedNew contract
AED 60,000/yr12 months · AED 66 per sqft
5 Jul 2017Sold by developerOff-plan
AED 1,078,097AED 1,180 per sqft

Source: Dubai Land Department. Updated 15 June 2023.

Key facts

Type
1-bed apartment
Size
913 sqft
Floor
12th of 19
Parking
P1-43
Developer
Revi Real Estate Development
Completed
2021
Service charge
AED 16,500 /yr
Last sold
AED 1.08M · July 2017

About 1203, Park View Tower

1203 is a one-bedroom apartment of 913 sqft on the 12th floor of Park View Tower, a 19-storey tower in Jumeirah Village Circle (JVC) completed in 2021 by Revi Real Estate Development . The developer sold it on 5 July 2017 for AED 1,078,097, or AED 1,180 per sqft.

It has been rented since 2022 on 2 Ejari contracts. The current contract, renewed on 15 June 2023, is AED 60,000 a year: a gross yield of 5.6% on the 2017 price, before the service charge of about AED 16,500 a year.

Sales and rents for 1203 over time

Sales
Unit 1203, each saleTypical one-bed in Park View Tower
500K1M2017202020232026Typical sale price by year: 2019 AED 464,661; 2020 AED 645,225; 2021 AED 769,201; 2022 AED 875,000; 2023 AED 965,000; 2024 AED 1,040,000; 2025 AED 1,100,000; 2026 AED 1,000,000Sold by developer, July 2017: AED 1,078,097 (AED 1,180 per sqft)

1203 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1203, each contractTypical one-bed in Park View Tower
60K80K2021202320252027Typical rent by year: 2021 AED 70,000; 2022 AED 75,000; 2023 AED 78,750; 2024 AED 84,886; 2025 AED 85,000; 2026 AED 76,825New contract, June 2022: AED 60,000 a yearRenewal, June 2023: AED 60,000 a year

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

1-beds in Park View Tower, and where 1203 sits

All 86 1-beds →

Over the last 12 months one-beds sold for AED 935,000 to 1,050,000, around AED 1,095 per sqft, and rent for AED 48,000 to 104,000 a year. 1203's AED 60,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
5 Oct 2026935,000
6 Aug 202639,382
27 Apr 20261,000,000
23 Feb 2026999,000
6 1-bed 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 12th floor

All 278 units in Park View Tower
Value
12012-bedAED 1.04M · Jan 2022
12021-bedAED 780K · Mar 2022
12041-bedAED 930K · Nov 2023
12052-bedAED 1.49M · Feb 2018
12062-bedAED 1.1M · Mar 2022
12071-bedAED 930K · Nov 2024
12081-bedAED 1.04M · Feb 2026
1–7 of 9

1203, Park View Tower in numbers

  • Sold once: by Revi Real Estate Development on 5 July 2017 for AED 1,078,097, or AED 1,180 per sqft.
  • Rented since June 2022 on 2 Ejari contracts, at AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2017 price is 5.6%, before a service charge of about AED 16,500 a year (AED 18.11 per sqft).
  • One-beds in Park View Tower sold for AED 935,000–1,050,000 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 15 June 2023.

Questions about 1203, Park View Tower

What did unit 1203 last sell for?

AED 1,078,097 on 5 July 2017, sold by the developer: AED 1,180 per sqft for 913 sqft. It is the only registered sale of the unit.

What is the rent for unit 1203?

AED 60,000 a year on the contract renewed on 15 June 2023. The previous contract, from June 2022, was AED 60,000.

How big is unit 1203?

913 sqft (84.8 sqm): a one-bedroom apartment on the 12th floor of a 19-storey tower completed in 2021.

What is unit 1203 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Park View Tower sold for AED 935,000 to 1,050,000 in the last 12 months, around AED 1,095 per sqft.

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Mortgage on 1203, Park View Tower

Starts from the last sale price (AED 1.08M, 5 July 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,078,097
Deposit, UAE resident (20%)
AED 215,619
Deposit, non-resident (40%)
AED 431,239
Monthly over 25 years at 3.7%
AED 4,411

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