1-bed · 808 sqftRigel Tower, Jumeirah Village Circle (JVC) · 3rd floor · completed 2021

314, Rigel Tower

Sold prices and rental history: sold twice, last in August 2023, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 314 · DLD and Ejari recordsUpdated 24 August 2023
Last soldAED 720K24 August 2023
Current rentAED 55K /yr10 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 314, Rigel Tower

What is 314 worth today?

Last sold for AED 720,000 in 2023

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24 Aug 2023SoldReady
AED 720,000AED 891 per sqft
10 Sep 2022RentedRenewal
AED 55,000/yr12 months · AED 68 per sqft
10 Sep 2021RentedNew contract
AED 55,000/yr12 months · AED 68 per sqft
13 Oct 2020Sold by developerOff-plan
AED 565,187AED 699 per sqft

Source: Dubai Land Department. Updated 24 August 2023.

Key facts

Type
1-bed apartment
Size
808 sqft
Floor
3rd of 5
Parking
P74
Developer
Myra Real Estate Deveiopment
Completed
2021
Last sold
AED 720K · August 2023
Building
Rigel Tower

About 314, Rigel Tower

314 is a one-bedroom apartment of 808 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 . It last sold on 24 August 2023 for AED 720,000, or AED 891 per sqft, in line with the AED 870 one-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, renewed on 10 September 2022, is AED 55,000 a year: a gross yield of 7.6% on the 2023 price.

Sales and rents for 314 over time

Sales
Unit 314, 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, October 2020: AED 565,187 (AED 699 per sqft)Sold, August 2023: AED 720,000 (AED 891 per sqft)

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

Rents
Unit 314, 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, September 2021: AED 55,000 a yearRenewal, September 2022: AED 55,000 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 314 sits

All 149 1-beds →

314 last sold in August 2023 at AED 891 per sqft, in line with what one-beds in Rigel Tower were fetching at the time (AED 870). 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. 314's AED 55,000 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 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

314, Rigel Tower in numbers

  • Sold twice: first on 13 October 2020 for AED 565,187, last on 24 August 2023 for AED 720,000 (AED 891 per sqft).
  • Rented since September 2021 on 2 Ejari contracts, at AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2023 price is 7.6%.
  • 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 24 August 2023.

Questions about 314, Rigel Tower

What did unit 314 last sell for?

AED 720,000 on 24 August 2023: AED 891 per sqft for 808 sqft. The unit has 2 registered sales; the first was AED 565,187 in October 2020.

What is the rent for unit 314?

AED 55,000 a year on the contract renewed on 10 September 2022. The previous contract, from September 2021, was AED 55,000.

How big is unit 314?

808 sqft (75.1 sqm): a one-bedroom apartment on the 3rd floor of a 5-storey tower completed in 2021.

What is unit 314 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 314, Rigel Tower

Starts from the last sale price (AED 720K, 24 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 720,000
Deposit, UAE resident (20%)
AED 144,000
Deposit, non-resident (40%)
AED 288,000
Monthly over 25 years at 3.7%
AED 2,946

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