1-bed · 806 sqftRigel Tower, Jumeirah Village Circle (JVC) · 3rd floor · completed 2021

308, Rigel Tower

Sold prices and rental history: sold once, by the developer in November 2020, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 308 · DLD and Ejari recordsUpdated 25 January 2024
Last soldAED 615K15 November 2020
Current rentAED 73K /yr25 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 308, Rigel Tower

What is 308 worth today?

Last sold for AED 615,000 in 2020

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25 Jan 2024RentedNew contract
AED 73,000/yr12 months · AED 90 per sqft
15 Dec 2022RentedRenewal
AED 54,000/yr12 months · AED 67 per sqft
15 Dec 2021RentedNew contract
AED 52,000/yr12 months · AED 64 per sqft
15 Nov 2020Sold by developerOff-plan
AED 615,000AED 763 per sqft

Source: Dubai Land Department. Updated 25 January 2024.

Key facts

Type
1-bed apartment
Size
806 sqft
Floor
3rd of 5
Parking
P175
Developer
Myra Real Estate Deveiopment
Completed
2021
Last sold
AED 615K · November 2020
Building
Rigel Tower

About 308, Rigel Tower

308 is a one-bedroom apartment of 806 sqft on the 3rd floor of Rigel Tower, a 5-storey tower in Jumeirah Village Circle (JVC) completed in 2021 by Myra Real Estate Deveiopment . The developer sold it on 15 November 2020 for AED 615,000, or AED 763 per sqft, in line with the AED 767 one-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 25 January 2024, is AED 73,000 a year: a gross yield of 11.9% on the 2020 price.

Sales and rents for 308 over time

Sales
Unit 308, 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, November 2020: AED 615,000 (AED 763 per sqft)

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

Rents
Unit 308, each contractTypical one-bed in Rigel Tower
60K2021202320252027Typical 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, December 2021: AED 52,000 a yearRenewal, December 2022: AED 54,000 a yearNew contract, January 2024: AED 73,000 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 308 sits

All 149 1-beds →

308 last sold in November 2020 at AED 763 per sqft, in line with what one-beds in Rigel Tower were fetching at the time (AED 767). 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. 308's AED 73,000 is in the upper 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 3rd floor

All 306 units in Rigel Tower
Value
3011-bedAED 640K · Mar 2021
302StudioAED 394K · Mar 2020
3031-bedAED 700K · Jul 2020
3041-bedAED 580K · Mar 2021
3051-bedAED 548K · Mar 2021
3061-bedAED 624K · Sep 2020
3071-bedAED 890K · Jun 2026
1–7 of 70

308, Rigel Tower in numbers

  • Sold once: by Myra Real Estate Deveiopment on 15 November 2020 for AED 615,000, or AED 763 per sqft.
  • Rented since December 2021 on 3 Ejari contracts, from AED 52,000 to AED 73,000 a year.
  • At AED 73,000 a year the gross yield on the 2020 price is 11.9%.
  • 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 25 January 2024.

Questions about 308, Rigel Tower

What did unit 308 last sell for?

AED 615,000 on 15 November 2020, sold by the developer: AED 763 per sqft for 806 sqft. It is the only registered sale of the unit.

What is the rent for unit 308?

AED 73,000 a year on the contract signed on 25 January 2024. The previous contract, from December 2022, was AED 54,000; the unit has been rented since December 2021.

How big is unit 308?

806 sqft (74.9 sqm): a one-bedroom apartment on the 3rd floor of a 5-storey tower completed in 2021.

What is unit 308 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 308, Rigel Tower

Starts from the last sale price (AED 615K, 15 November 2020). 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 →