Studio · 488 sqftRigel Tower, Jumeirah Village Circle (JVC) · 2nd floor · completed 2021

232, Rigel Tower

Sold prices and rental history: sold twice, last in April 2022, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 232 · DLD and Ejari recordsUpdated 2 November 2022
Last soldAED 440K21 April 2022
Current rentAED 34K /yr2 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 232, Rigel Tower

What is 232 worth today?

Last sold for AED 440,000 in 2022

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2 Nov 2022RentedNew contract
AED 33,600/yr12 months · AED 69 per sqft
21 Apr 2022SoldReady
AED 440,000AED 901 per sqft
2 Nov 2021RentedNew contract
AED 32,000/yr12 months · AED 66 per sqft
14 Sep 2021Sold by developerReady
AED 399,000AED 817 per sqft

Source: Dubai Land Department. Updated 2 November 2022.

Key facts

Type
Studio apartment
Size
488 sqft
Floor
2nd of 5
Parking
P23
Developer
Myra Real Estate Deveiopment
Completed
2021
Last sold
AED 440K · April 2022
Building
Rigel Tower

About 232, Rigel Tower

232 is a studio of 488 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 21 April 2022 for AED 440,000, or AED 901 per sqft, 21% above the AED 747 studios in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 2 November 2022, is AED 33,600 a year: a gross yield of 7.6% on the 2022 price.

Sales and rents for 232 over time

Sales
Unit 232, each saleTypical studio in Rigel Tower
400K500K2020202220242026Typical sale price by year: 2020 AED 422,000; 2021 AED 393,000; 2023 AED 450,000; 2025 AED 560,000Sold by developer, September 2021: AED 399,000 (AED 817 per sqft)Sold, April 2022: AED 440,000 (AED 901 per sqft)

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

Rents
Unit 232, each contractTypical studio in Rigel Tower
30K40K50K2021202320252027Typical rent by year: 2021 AED 32,000; 2022 AED 34,000; 2023 AED 38,000; 2024 AED 48,000; 2025 AED 49,000; 2026 AED 50,000New contract, November 2021: AED 32,000 a yearNew contract, November 2022: AED 33,600 a year

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

Studios in Rigel Tower, and where 232 sits

All 21 studios →

232 last sold in April 2022 at AED 901 per sqft, 21% above what studios in Rigel Tower were fetching at the time (AED 747). 232's AED 33,600 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
4 Nov 2025580,000
23 Oct 2025560,000
18 Jun 2025550,000
22 Oct 2024550,000
0 studio 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

232, Rigel Tower in numbers

  • Sold twice: first on 14 September 2021 for AED 399,000, last on 21 April 2022 for AED 440,000 (AED 901 per sqft).
  • Rented since November 2021 on 2 Ejari contracts, from AED 32,000 to AED 33,600 a year.
  • At AED 33,600 a year the gross yield on the 2022 price is 7.6%.

Source: Dubai Land Department. Updated 2 November 2022.

Questions about 232, Rigel Tower

What did unit 232 last sell for?

AED 440,000 on 21 April 2022: AED 901 per sqft for 488 sqft. The unit has 2 registered sales; the first was AED 399,000 in September 2021.

What is the rent for unit 232?

AED 33,600 a year on the contract signed on 2 November 2022. The previous contract, from November 2021, was AED 32,000.

How big is unit 232?

488 sqft (45.3 sqm): a studio on the 2nd floor of a 5-storey tower completed in 2021.

What is unit 232 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 232, Rigel Tower

Starts from the last sale price (AED 440K, 21 April 2022). Switch to today's estimate once you have unlocked it.
Price
AED 440,000
Deposit, UAE resident (20%)
AED 88,000
Deposit, non-resident (40%)
AED 176,000
Monthly over 25 years at 3.7%
AED 1,800

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