2-bed · 1,090 sqftRigel Tower, Jumeirah Village Circle (JVC) · 4th floor · completed 2021

420, Rigel Tower

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

Unit 420 · DLD and Ejari recordsUpdated 22 September 2023
Last soldAED 930K22 September 2023
Current rentAED 75K /yr12 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 420, Rigel Tower

What is 420 worth today?

Last sold for AED 930,000 in 2023

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22 Sep 2023SoldReady
AED 930,000AED 852 per sqft
12 Nov 2022RentedRenewal
AED 75,000/yr12 months · AED 69 per sqft
12 Nov 2021RentedNew contract
AED 68,000/yr12 months · AED 63 per sqft
23 Aug 2021Sold by developerReady
AED 820,000AED 752 per sqft

Source: Dubai Land Department. Updated 22 September 2023.

Key facts

Type
2-bed apartment
Size
1,090 sqft
Floor
4th of 5
Parking
P105
Developer
Myra Real Estate Deveiopment
Completed
2021
Last sold
AED 930K · September 2023
Building
Rigel Tower

About 420, Rigel Tower

420 is a two-bedroom apartment of 1,090 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 . It last sold on 22 September 2023 for AED 930,000, or AED 852 per sqft, 5% below the AED 898 two-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, renewed on 12 November 2022, is AED 75,000 a year: a gross yield of 8.1% on the 2023 price.

Sales and rents for 420 over time

Sales
Unit 420, 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, August 2021: AED 820,000 (AED 752 per sqft)Sold, September 2023: AED 930,000 (AED 852 per sqft)

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

Rents
Unit 420, 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, November 2021: AED 68,000 a yearRenewal, November 2022: AED 75,000 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 420 sits

All 32 2-beds →

420 last sold in September 2023 at AED 852 per sqft, 5% below what two-beds in Rigel Tower were fetching at the time (AED 898). 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. 420's AED 75,000 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

420, Rigel Tower in numbers

  • Sold twice: first on 23 August 2021 for AED 820,000, last on 22 September 2023 for AED 930,000 (AED 852 per sqft).
  • Rented since November 2021 on 2 Ejari contracts, from AED 68,000 to AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2023 price is 8.1%.
  • 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 22 September 2023.

Questions about 420, Rigel Tower

What did unit 420 last sell for?

AED 930,000 on 22 September 2023: AED 852 per sqft for 1,090 sqft. The unit has 2 registered sales; the first was AED 820,000 in August 2021.

What is the rent for unit 420?

AED 75,000 a year on the contract renewed on 12 November 2022. The previous contract, from November 2021, was AED 68,000.

How big is unit 420?

1,090 sqft (101.3 sqm): a two-bedroom apartment on the 4th floor of a 5-storey tower completed in 2021.

What is unit 420 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 420, Rigel Tower

Starts from the last sale price (AED 930K, 22 September 2023). Switch to today's estimate once you have unlocked it.
Price
AED 930,000
Deposit, UAE resident (20%)
AED 186,000
Deposit, non-resident (40%)
AED 372,000
Monthly over 25 years at 3.7%
AED 3,805

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