Studio · 474 sqftPark View Tower, Jumeirah Village Circle (JVC) · 7th floor · completed 2021

706, Park View Tower

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

Unit 706 · DLD and Ejari recordsUpdated 7 September 2022
Last soldAED 560K5 July 2017
Current rentAED 40K /yr7 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 706, Park View Tower

What is 706 worth today?

Last sold for AED 559,960 in 2017

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7 Sep 2022RentedNew contract
AED 40,000/yr12 months · AED 84 per sqft
5 Jul 2017Sold by developerOff-plan
AED 559,960AED 1,181 per sqft

Source: Dubai Land Department. Updated 7 September 2022.

Key facts

Type
Studio apartment
Size
474 sqft
Floor
7th of 19
Parking
P3-28
Developer
Revi Real Estate Development
Completed
2021
Service charge
AED 8,600 /yr
Last sold
AED 560K · July 2017

About 706, Park View Tower

706 is a studio of 474 sqft on the 7th 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 559,960, or AED 1,181 per sqft.

One Ejari contract is registered, from 7 September 2022. The current contract, signed on 7 September 2022, is AED 40,000 a year: a gross yield of 7.1% on the 2017 price, before the service charge of about AED 8,600 a year.

Sales and rents for 706 over time

Sales
Unit 706, 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 2017: AED 559,960 (AED 1,181 per sqft)

706 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 706, 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, September 2022: AED 40,000 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 706 sits

All 156 studios →

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. 706's AED 40,000 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 7th floor

All 278 units in Park View Tower
Value
701StudioAED 400K · Oct 2023
7021-bedAED 920K · Jun 2022
703StudioAED 255K · Apr 2022
704StudioAED 515K · Apr 2022
705StudioAED 660K · Jan 2025
707StudioAED 650K · Mar 2025
708StudioAED 585K · Jan 2018
1–7 of 19

706, Park View Tower in numbers

  • Sold once: by Revi Real Estate Development on 5 July 2017 for AED 559,960, or AED 1,181 per sqft.
  • Rented since September 2022 on one Ejari contract, at AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2017 price is 7.1%, before a service charge of about AED 8,600 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 7 September 2022.

Questions about 706, Park View Tower

What did unit 706 last sell for?

AED 559,960 on 5 July 2017, sold by the developer: AED 1,181 per sqft for 474 sqft. It is the only registered sale of the unit.

What is the rent for unit 706?

AED 40,000 a year on the contract signed on 7 September 2022.

How big is unit 706?

474 sqft (44.0 sqm): a studio on the 7th floor of a 19-storey tower completed in 2021.

What is unit 706 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 706, Park View Tower

Starts from the last sale price (AED 560K, 5 July 2017). Switch to today's estimate once you have unlocked it.
Price
AED 559,960
Deposit, UAE resident (20%)
AED 111,992
Deposit, non-resident (40%)
AED 223,984
Monthly over 25 years at 3.7%
AED 2,291

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