1-bed · 805 sqftRigel Tower, Jumeirah Village Circle (JVC) · 2nd floor · completed 2021

218, Rigel Tower

Sold prices and rental history: sold twice, last in August 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 218 · DLD and Ejari recordsUpdated 6 August 2024
Last soldAED 840K6 August 2024
Current rentAED 65K /yr8 July 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 218, Rigel Tower

What is 218 worth today?

Last sold for AED 840,000 in 2024

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6 Aug 2024SoldReady
AED 840,000AED 1,042 per sqft
8 Jul 2023RentedRenewal
AED 65,000/yr12 months · AED 81 per sqft
8 Jul 2022RentedNew contract
AED 63,000/yr12 months · AED 78 per sqft
10 Oct 2021RentedNew contract
AED 55,000/yr12 months · AED 68 per sqft
8 Feb 2021Sold by developerOff-plan
AED 583,938AED 724 per sqft

Source: Dubai Land Department. Updated 6 August 2024.

Key facts

Type
1-bed apartment
Size
805 sqft
Floor
2nd of 5
Parking
P36
Developer
Myra Real Estate Deveiopment
Completed
2021
Last sold
AED 840K · August 2024
Building
Rigel Tower

About 218, Rigel Tower

218 is a one-bedroom apartment of 805 sqft on the 2nd floor of Rigel Tower, a 5-storey tower in Jumeirah Village Circle (JVC) completed in 2021 by Myra Real Estate Deveiopment . It last sold on 6 August 2024 for AED 840,000, or AED 1,042 per sqft, 12% above the AED 930 one-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 8 July 2023, is AED 65,000 a year: a gross yield of 7.7% on the 2024 price.

Sales and rents for 218 over time

Sales
Unit 218, each saleTypical one-bed in Rigel Tower
600K800K1M2020202220242026Typical sale price by year: 2020 AED 630,000; 2021 AED 590,450; 2022 AED 675,000; 2023 AED 764,325; 2024 AED 845,000; 2025 AED 940,000; 2026 AED 910,000Sold by developer, February 2021: AED 583,938 (AED 724 per sqft)Sold, August 2024: AED 840,000 (AED 1,042 per sqft)

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

Rents
Unit 218, each contractTypical one-bed in Rigel Tower
60K70K2021202320252027Typical rent by year: 2021 AED 55,000; 2022 AED 58,000; 2023 AED 65,000; 2024 AED 73,000; 2025 AED 75,000; 2026 AED 72,500New contract, October 2021: AED 55,000 a yearNew contract, July 2022: AED 63,000 a yearRenewal, July 2023: AED 65,000 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 Rigel Tower, and where 218 sits

All 149 1-beds →

218 last sold in August 2024 at AED 1,042 per sqft, 12% above what one-beds in Rigel Tower were fetching at the time (AED 930). Over the last 12 months one-beds sold for AED 725,000 to 980,000, around AED 1,026 per sqft, and rent for AED 40,000 to 100,000 a year. 218's AED 65,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
19 Oct 2026880,000
2 Sep 2026980,000
10 Aug 202690,476
25 Jun 2026890,000
7 1-bed sales in the last 12 months

Rigel Tower

Building

306 apartments, studios to 4-bed over 5 floors in Jumeirah Village Circle (JVC), completed in 2021 by Myra Real Estate Deveiopment . 12 sold in the last 12 months.

Typical price per sqft
AED 1,100 Down 4.7%
Typical sale
AED 980K
Typical rent
AED 75K /yr
Typical yield
8.1%
Rigel Tower, Jumeirah Village Circle (JVC): prices, sales and rents →

Other units on the 2nd floor

All 306 units in Rigel Tower
Value
2011-bedAED 585K · Feb 2021
202StudioAED 355K · May 2021
2031-bedAED 730K · Aug 2022
2041-bedAED 595K · Apr 2021
2051-bedAED 545K · Mar 2021
2061-bedAED 595K · Aug 2021
2071-bedAED 550K · Mar 2021
1–7 of 72

218, Rigel Tower in numbers

  • Sold twice: first on 8 February 2021 for AED 583,938, last on 6 August 2024 for AED 840,000 (AED 1,042 per sqft).
  • Rented since October 2021 on 3 Ejari contracts, from AED 55,000 to AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2024 price is 7.7%.
  • One-beds in Rigel Tower sold for AED 725,000–980,000 in the 12 months to November 2026; the building's median across all types is AED 1,100 per sqft.

Source: Dubai Land Department. Updated 6 August 2024.

Questions about 218, Rigel Tower

What did unit 218 last sell for?

AED 840,000 on 6 August 2024: AED 1,042 per sqft for 805 sqft. The unit has 2 registered sales; the first was AED 583,938 in February 2021.

What is the rent for unit 218?

AED 65,000 a year on the contract renewed on 8 July 2023. The previous contract, from July 2022, was AED 63,000; the unit has been rented since October 2021.

How big is unit 218?

805 sqft (74.8 sqm): a one-bedroom apartment on the 2nd floor of a 5-storey tower completed in 2021.

What is unit 218 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Rigel Tower sold for AED 725,000 to 980,000 in the last 12 months, around AED 1,026 per sqft.

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Mortgage on 218, Rigel Tower

Starts from the last sale price (AED 840K, 6 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 840,000
Deposit, UAE resident (20%)
AED 168,000
Deposit, non-resident (40%)
AED 336,000
Monthly over 25 years at 3.7%
AED 3,437

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