502, Rigel Tower
Sold prices and rental history: sold once, by the developer in July 2020, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 502, Rigel Tower
What is 502 worth today?
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Source: Dubai Land Department. Updated 4 June 2023.
Key facts
- Type
- Studio apartment
- Size
- 460 sqft
- Floor
- 5th of 5
- Parking
- P124
- Developer
- Myra Real Estate Deveiopment
- Completed
- 2021
- Last sold
- AED 394K · July 2020
- Building
- Rigel Tower
About 502, Rigel Tower
502 is a studio of 460 sqft on the 5th 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 16 July 2020 for AED 393,523, or AED 855 per sqft, in line with the AED 856 studios in the building were fetching at the time.
It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 4 June 2023, is AED 50,400 a year: a gross yield of 12.8% on the 2020 price.
Sales and rents for 502 over time
502 has sold once; the dashed line is the studio median of each year in the building.
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 502 sits
All 21 studios →502 last sold in July 2020 at AED 855 per sqft, in line with what studios in Rigel Tower were fetching at the time (AED 856). 502's AED 50,400 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 4 Nov 20254 November 2025 | 557 sqft | 580,000 | 1,041 | ||
| 23 Oct 202523 October 2025 | 460 sqft | 560,000 | 1,217 | ||
| 18 Jun 202518 June 2025 | 476 sqft | 550,000 | 1,154 | ||
| 22 Oct 202422 October 2024 | 476 sqft | 550,000 | 1,154 |
Rigel Tower
Building306 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%
Other units on the 5th floor
All 306 units in Rigel Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 839 sqft | AED 840KAED 840,000 · Oct 2023October 2023 | 100,000 /yr | |
| 503 | 1-bed | 848 sqft | AED 750KAED 750,000 · Sep 2023September 2023 | 90,000 /yr | |
| 504 | 1-bed | 845 sqft | AED 955KAED 955,000 · Oct 2025October 2025 | 73,000 /yr | |
| 505 | 2-bed | 888 sqft | AED 750KAED 750,000 · Nov 2020November 2020 | ||
| 506 | 2-bed | 890 sqft | AED 950KAED 950,000 · Jan 2024January 2024 | 82,000 /yr | |
| 507 | 2-bed | 889 sqft | AED 760KAED 760,000 · Sep 2020September 2020 | 72,000 /yr | |
| 508 | 2-bed | 1,029 sqft | AED 1.2MAED 1,200,000 · Nov 2024November 2024 | ||
| 509 | 2-bed | 887 sqft | AED 1MAED 1,000,000 · Sep 2024September 2024 | ||
| 510 | 2-bed | 895 sqft | AED 710KAED 710,000 · Nov 2020November 2020 | 105,000 /yr | |
| 511 | 2-bed | 890 sqft | AED 775KAED 775,000 · Nov 2020November 2020 | 90,000 /yr | |
| 512 | 2-bed | 893 sqft | AED 650KAED 650,000 · Oct 2020October 2020 | ||
| 513 | 2-bed | 889 sqft | AED 885KAED 885,000 · Aug 2023August 2023 | 63,000 /yr | |
| 514 | 2-bed | 891 sqft | AED 1.05MAED 1,050,000 · Jul 2026July 2026 | 86,000 /yr | |
| 515 | 2-bed | 891 sqft | AED 870KAED 870,000 · Apr 2023April 2023 | 93,000 /yr | |
| 516 | 2-bed | 895 sqft | AED 750KAED 750,000 · Nov 2020November 2020 | 71,250 /yr | |
| 517 | 2-bed | 891 sqft | AED 1.06MAED 1,060,000 · May 2026May 2026 | 105,000 /yr | |
| 518 | 1-bed | 702 sqft | AED 940KAED 940,000 · Aug 2025August 2025 | 73,000 /yr | |
| 519 | 2-bed | 890 sqft | AED 1.07MAED 1,065,000 · Oct 2026October 2026 | 95,000 /yr | |
| 520 | 2-bed | 890 sqft | AED 715KAED 715,000 · Jan 2022January 2022 | 85,000 /yr | |
| 521 | 2-bed | 888 sqft | AED 1.12MAED 1,120,000 · Mar 2026March 2026 | 81,900 /yr | |
| 522 | 1-bed | 845 sqft | AED 940KAED 940,000 · Sep 2025September 2025 | 72,000 /yr | |
| 523 | 1-bed | 847 sqft | AED 605KAED 605,000 · Jul 2021July 2021 | 70,000 /yr | |
| 524 | Studio | 476 sqft | AED 550KAED 550,000 · Oct 2024October 2024 | 42,000 /yr | |
| 525 | 1-bed | 803 sqft | AED 585KAED 585,000 · May 2021May 2021 | 69,000 /yr | |
| 526 | 1-bed | 755 sqft | AED 630KAED 630,000 · Sep 2020September 2020 | 84,000 /yr | |
| 527 | 1-bed | 786 sqft | AED 585KAED 585,000 · May 2021May 2021 | 65,000 /yr | |
| 528 | 1-bed | 850 sqft | AED 1.05MAED 1,050,000 · May 2025May 2025 | 85,000 /yr | |
| 529 | 1-bed | 847 sqft | AED 780KAED 780,000 · Oct 2023October 2023 | ||
| 530 | 1-bed | 852 sqft | AED 860KAED 860,000 · Sep 2023September 2023 | 73,000 /yr | |
| 531 | 1-bed | 851 sqft | AED 670KAED 670,000 · Nov 2020November 2020 | 89,503 /yr | |
| 532 | 1-bed | 847 sqft | AED 610KAED 610,000 · Dec 2020December 2020 | 78,000 /yr | |
| 533 | 1-bed | 851 sqft | AED 880KAED 880,000 · Oct 2026October 2026 | ||
| 534 | 1-bed | 825 sqft | AED 595KAED 595,000 · Aug 2021August 2021 | 60,000 /yr |
502, Rigel Tower in numbers
- Sold once: by Myra Real Estate Deveiopment on 16 July 2020 for AED 393,523, or AED 855 per sqft.
- Rented since October 2022 on 2 Ejari contracts, from AED 48,000 to AED 50,400 a year.
- At AED 50,400 a year the gross yield on the 2020 price is 12.8%.
Source: Dubai Land Department. Updated 4 June 2023.
Questions about 502, Rigel Tower
What did unit 502 last sell for?
AED 393,523 on 16 July 2020, sold by the developer: AED 855 per sqft for 460 sqft. It is the only registered sale of the unit.
What is the rent for unit 502?
AED 50,400 a year on the contract signed on 4 June 2023. The previous contract, from October 2022, was AED 48,000.
How big is unit 502?
460 sqft (42.7 sqm): a studio on the 5th floor of a 5-storey tower completed in 2021.
What is unit 502 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 502, Rigel Tower
Starts from the last sale price (AED 394K, 16 July 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 393,523
- Deposit, UAE resident (20%)
- AED 78,705
- Deposit, non-resident (40%)
- AED 157,409
- Monthly over 25 years at 3.7%
- AED 1,610
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →