2-bed · 1,098 sqftRigel Tower, Jumeirah Village Circle (JVC) · 4th floor · completed 2021

409, Rigel Tower

Sold prices and rental history: sold once, by the developer in September 2020, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 409 · DLD and Ejari recordsUpdated 10 January 2023
Last soldAED 992K6 September 2020
Current rentAED 73K /yr10 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 409, Rigel Tower

What is 409 worth today?

Last sold for AED 991,526 in 2020

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10 Jan 2023RentedRenewal
AED 73,000/yr12 months · AED 66 per sqft
10 Jan 2022RentedNew contract
AED 70,000/yr12 months · AED 64 per sqft
6 Sep 2020Sold by developerOff-plan
AED 991,526AED 903 per sqft

Source: Dubai Land Department. Updated 10 January 2023.

Key facts

Type
2-bed apartment
Size
1,098 sqft
Floor
4th of 5
Parking
P118
Developer
Myra Real Estate Deveiopment
Completed
2021
Last sold
AED 992K · September 2020
Building
Rigel Tower

About 409, Rigel Tower

409 is a two-bedroom apartment of 1,098 sqft on the 4th 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 6 September 2020 for AED 991,526, or AED 903 per sqft, 5% above the AED 856 two-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, renewed on 10 January 2023, is AED 73,000 a year: a gross yield of 7.4% on the 2020 price.

Sales and rents for 409 over time

Sales
Unit 409, each saleTypical two-bed in Rigel Tower
800K1M2020202220242026Typical sale price by year: 2020 AED 775,000; 2021 AED 740,000; 2022 AED 800,000; 2023 AED 877,500; 2024 AED 1,080,000; 2026 AED 1,062,500Sold by developer, September 2020: AED 991,526 (AED 903 per sqft)

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

Rents
Unit 409, each contractTypical two-bed in Rigel Tower
60K80K100K2021202320252027Typical rent by year: 2021 AED 64,000; 2022 AED 68,500; 2023 AED 75,000; 2024 AED 90,000; 2025 AED 95,000; 2026 AED 87,625New contract, January 2022: AED 70,000 a yearRenewal, January 2023: AED 73,000 a year

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

2-beds in Rigel Tower, and where 409 sits

All 32 2-beds →

409 last sold in September 2020 at AED 903 per sqft, 5% above what two-beds in Rigel Tower were fetching at the time (AED 856). Over the last 12 months two-beds sold for AED 1,050,000 to 1,120,000, around AED 1,193 per sqft, and rent for AED 72,000 to 105,000 a year. 409's AED 73,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
9 Oct 20261,065,000
10 Jul 20261,050,000
23 May 20261,060,000
25 Mar 20261,120,000
4 2-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 4th floor

All 306 units in Rigel Tower
Value
4011-bedAED 825K · Aug 2024
402StudioAED 560K · Oct 2025
4031-bedAED 625K · Nov 2020
4041-bedAED 875K · Oct 2024
4052-bedAED 662K · Dec 2020
4062-bedAED 800K · Mar 2021
4072-bedAED 750K · Jan 2021
1–7 of 45

409, Rigel Tower in numbers

  • Sold once: by Myra Real Estate Deveiopment on 6 September 2020 for AED 991,526, or AED 903 per sqft.
  • Rented since January 2022 on 2 Ejari contracts, from AED 70,000 to AED 73,000 a year.
  • At AED 73,000 a year the gross yield on the 2020 price is 7.4%.
  • Two-beds in Rigel Tower sold for AED 1,050,000–1,120,000 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 10 January 2023.

Questions about 409, Rigel Tower

What did unit 409 last sell for?

AED 991,526 on 6 September 2020, sold by the developer: AED 903 per sqft for 1,098 sqft. It is the only registered sale of the unit.

What is the rent for unit 409?

AED 73,000 a year on the contract renewed on 10 January 2023. The previous contract, from January 2022, was AED 70,000.

How big is unit 409?

1,098 sqft (102.0 sqm): a two-bedroom apartment on the 4th floor of a 5-storey tower completed in 2021.

What is unit 409 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Rigel Tower sold for AED 1,050,000 to 1,120,000 in the last 12 months, around AED 1,193 per sqft.

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Mortgage on 409, Rigel Tower

Starts from the last sale price (AED 992K, 6 September 2020). Switch to today's estimate once you have unlocked it.
Price
AED 991,526
Deposit, UAE resident (20%)
AED 198,305
Deposit, non-resident (40%)
AED 396,610
Monthly over 25 years at 3.7%
AED 4,057

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