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2-bed · 889 sqftRigel Tower, Jumeirah Village Circle (JVC) · 5th floor · completed 2021

513, Rigel Tower

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

Unit 513 · DLD and Ejari recordsUpdated 9 August 2023
Last soldAED 885K9 August 2023
Current rentAED 63K /yr1 November 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 513, Rigel Tower

What is 513 worth today?

Last sold for AED 885,000 in 2023

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9 Aug 2023SoldReady
AED 885,000AED 995 per sqft
1 Nov 2021RentedNew contract
AED 63,000/yr12 months · AED 71 per sqft
13 Sep 2020Sold by developerOff-plan
AED 810,000AED 910 per sqft

Source: Dubai Land Department. Updated 9 August 2023.

Key facts

Type
2-bed apartment
Size
889 sqft
Floor
5th of 5
Parking
P164
Developer
Myra Real Estate Deveiopment
Completed
2021
Last sold
AED 885K · August 2023
Building
Rigel Tower

About 513, Rigel Tower

513 is a two-bedroom apartment of 889 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 . It last sold on 9 August 2023 for AED 885,000, or AED 995 per sqft, 11% above the AED 895 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 November 2021. The current contract, signed on 1 November 2021, is AED 63,000 a year: a gross yield of 7.1% on the 2023 price.

Sales and rents for 513 over time

Sales
Unit 513, 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 810,000 (AED 910 per sqft)Sold, August 2023: AED 885,000 (AED 995 per sqft)

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

Rents
Unit 513, 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 63,000 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 513 sits

All 32 2-beds →

513 last sold in August 2023 at AED 995 per sqft, 11% above what two-beds in Rigel Tower were fetching at the time (AED 895). 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. 513's AED 63,000 is at the bottom 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 5th floor

All 306 units in Rigel Tower
Value
5011-bedAED 840K · Oct 2023
502StudioAED 394K · Jul 2020
5031-bedAED 750K · Sep 2023
5041-bedAED 955K · Oct 2025
5052-bedAED 750K · Nov 2020
5062-bedAED 950K · Jan 2024
5072-bedAED 760K · Sep 2020
1–7 of 33

513, Rigel Tower in numbers

  • Sold twice: first on 13 September 2020 for AED 810,000, last on 9 August 2023 for AED 885,000 (AED 995 per sqft).
  • Rented since November 2021 on one Ejari contract, at AED 63,000 a year.
  • At AED 63,000 a year the gross yield on the 2023 price is 7.1%.
  • 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 9 August 2023.

Questions about 513, Rigel Tower

What did unit 513 last sell for?

AED 885,000 on 9 August 2023: AED 995 per sqft for 889 sqft. The unit has 2 registered sales; the first was AED 810,000 in September 2020.

What is the rent for unit 513?

AED 63,000 a year on the contract signed on 1 November 2021.

How big is unit 513?

889 sqft (82.6 sqm): a two-bedroom apartment on the 5th floor of a 5-storey tower completed in 2021.

What is unit 513 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 513, Rigel Tower

Starts from the last sale price (AED 885K, 9 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 885,000
Deposit, UAE resident (20%)
AED 177,000
Deposit, non-resident (40%)
AED 354,000
Monthly over 25 years at 3.7%
AED 3,621

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