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Studio · 420 sqftPark View Tower, Jumeirah Village Circle (JVC) · 6th floor · completed 2021

620, Park View Tower

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

Unit 620 · DLD and Ejari recordsUpdated 1 April 2024
Last soldAED 615K29 March 2023
Current rentAED 70K /yr1 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 620, Park View Tower

What is 620 worth today?

Last sold for AED 615,000 in 2023

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1 Apr 2024RentedRenewal
AED 70,000/yr12 months · AED 167 per sqft
1 Apr 2023RentedNew contract
AED 66,000/yr12 months · AED 157 per sqft
29 Mar 2023SoldReady
AED 615,000AED 1,463 per sqft
28 Nov 2022RentedNew contract
AED 66,000/yr12 months · AED 157 per sqft
10 May 2022Sold by developerReady
AED 490,000AED 1,166 per sqft

Source: Dubai Land Department. Updated 1 April 2024.

Key facts

Type
Studio apartment
Size
420 sqft
Floor
6th of 19
Parking
P3-33
Developer
Revi Real Estate Development
Completed
2021
Service charge
AED 7,600 /yr
Last sold
AED 615K · March 2023
Building
Park View Tower

About 620, Park View Tower

620 is a studio of 420 sqft on the 6th 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 29 March 2023 for AED 615,000, or AED 1,463 per sqft, 30% above the AED 1,126 studios in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 1 April 2024, is AED 70,000 a year: a gross yield of 11.4% on the 2023 price, before the service charge of about AED 7,600 a year.

Sales and rents for 620 over time

Sales
Unit 620, 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, May 2022: AED 490,000 (AED 1,166 per sqft)Sold, March 2023: AED 615,000 (AED 1,463 per sqft)

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

Rents
Unit 620, each contractTypical studio in Park View Tower
40K60K2021202320252027Typical 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, November 2022: AED 66,000 a yearNew contract, April 2023: AED 66,000 a yearRenewal, April 2024: AED 70,000 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 620 sits

All 156 studios →

620 last sold in March 2023 at AED 1,463 per sqft, 30% above what studios in Park View Tower were fetching at the time (AED 1,126). 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. 620's AED 70,000 is in the upper 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 6th floor

All 278 units in Park View Tower
Value
601StudioAED 475K · Jun 2022
6021-bedAED 900K · Jan 2022
603StudioAED 587K · Dec 2017
604StudioAED 574K · Jul 2017
605StudioAED 660K · Aug 2024
606StudioAED 600K · Sep 2026
607StudioAED 537K · Feb 2022
1–7 of 19

620, Park View Tower in numbers

  • Sold twice: first on 10 May 2022 for AED 490,000, last on 29 March 2023 for AED 615,000 (AED 1,463 per sqft).
  • Rented since November 2022 on 3 Ejari contracts, from AED 66,000 to AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2023 price is 11.4%, before a service charge of about AED 7,600 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 1 April 2024.

Questions about 620, Park View Tower

What did unit 620 last sell for?

AED 615,000 on 29 March 2023: AED 1,463 per sqft for 420 sqft. The unit has 2 registered sales; the first was AED 490,000 in May 2022.

What is the rent for unit 620?

AED 70,000 a year on the contract renewed on 1 April 2024. The previous contract, from April 2023, was AED 66,000; the unit has been rented since November 2022.

How big is unit 620?

420 sqft (39.0 sqm): a studio on the 6th floor of a 19-storey tower completed in 2021.

What is unit 620 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 620, Park View Tower

Starts from the last sale price (AED 615K, 29 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 615,000
Deposit, UAE resident (20%)
AED 123,000
Deposit, non-resident (40%)
AED 246,000
Monthly over 25 years at 3.7%
AED 2,516

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