116, Parkviews Rawda Apartments
Sold prices and rental history: sold twice, last in June 2023, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 116, Parkviews Rawda Apartments
What is 116 worth today?
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Source: Dubai Land Department. Updated 17 July 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,593 sqft
- Floor
- 1st of 12
- Parking
- P-111
- Developer
- Nshama Properties
- Completed
- 2020
- Service charge
- AED 25,900 /yr
- Last sold
- AED 900K · June 2023
- Building
- Parkviews Rawda Apartments
About 116, Parkviews Rawda Apartments
116 is a two-bedroom apartment of 1,593 sqft on the 1st floor of Parkviews Rawda Apartments, a 12-storey tower in Town Square completed in 2020 by Nshama Properties. It last sold on 22 June 2023 for AED 900,000, or AED 565 per sqft, 34% below the AED 859 two-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 17 July 2023, is AED 60,000 a year: a gross yield of 6.7% on the 2023 price, before the service charge of about AED 25,900 a year.
Sales and rents for 116 over time
116 has sold twice; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Parkviews Rawda Apartments, and where 116 sits
All 120 2-beds →116 last sold in June 2023 at AED 565 per sqft, 34% below what two-beds in Parkviews Rawda Apartments were fetching at the time (AED 859). Over the last 12 months two-beds sold for AED 1,030,000 to 1,560,888, around AED 1,280 per sqft, and rent for AED 36,000 to 150,000 a year. 116's AED 60,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 8 Sep 20268 September 2026 | 992 sqft | 1,560,888 | 1,573 | ||
| 16 Jun 202616 June 2026 | 933 sqft | 1,030,000 | 1,104 | ||
| 4 Jun 20264 June 2026 | 1,027 sqft | 1,200,000 | 1,168 | ||
| 13 Feb 202613 February 2026 | 928 sqft | 1,400,000 | 1,508 |
Parkviews Rawda Apartments
Building204 apartments, 1-bed to 3-bed over 12 floors in Town Square, completed in 2020 by Nshama Properties. 18 sold in the last 12 months.
- Typical price per sqft
- AED 1,229 Up 0.7%
- Typical sale
- AED 1.21M
- Typical rent
- AED 85K /yr
- Typical yield
- 7.0%
Other units on the 1st floor
All 204 units in Parkviews Rawda Apartments| ValueToday's value | |||||
|---|---|---|---|---|---|
| 101 | 1-bed | 1,579 sqft | AED 780KAED 780,138 · Nov 2024November 2024 | 41,800 /yr | |
| 102 | 1-bed | 1,541 sqft | AED 819KAED 818,888 · Jan 2021January 2021 | 35,000 /yr | |
| 103 | 3-bed | 2,894 sqft | AED 1.8MAED 1,802,888 · Apr 2021April 2021 | ||
| 104 | 3-bed | 2,382 sqft | AED 1.75MAED 1,751,888 · Mar 2021March 2021 | 120,000 /yr | |
| 105 | 3-bed | 3,036 sqft | AED 2.48MAED 2,475,000 · Jun 2025June 2025 | ||
| 106 | 2-bed | 1,305 sqft | AED 1.02MAED 1,020,888 · Oct 2020October 2020 | 90,251 /yr | |
| 107 | 2-bed | 1,618 sqft | AED 1.17MAED 1,170,000 · Jan 2024January 2024 | 80,000 /yr | |
| 108 | 1-bed | 991 sqft | AED 801KAED 800,888 · Nov 2023November 2023 | ||
| 109 | 1-bed | 1,332 sqft | AED 900KAED 900,000 · Oct 2026October 2026 | 72,000 /yr | |
| 110 | 2-bed | 1,595 sqft | AED 1.05MAED 1,049,000 · Mar 2024March 2024 | 63,000 /yr | |
| 111 | 2-bed | 2,359 sqft | AED 1.25MAED 1,250,888 · Sep 2024September 2024 | ||
| 112 | 2-bed | 2,222 sqft | AED 1.1MAED 1,098,888 · Feb 2020February 2020 | 90,000 /yr | |
| 113 | 2-bed | 1,366 sqft | AED 1.6MAED 1,600,000 · Jul 2024July 2024 | 105,000 /yr | |
| 114 | 2-bed | 1,534 sqft | AED 1.03MAED 1,025,888 · Jun 2021June 2021 | ||
| 115 | 2-bed | 1,361 sqft | AED 1.04MAED 1,040,888 · Feb 2025February 2025 | 56,700 /yr | |
| 117 | 2-bed | 1,608 sqft | AED 1.53MAED 1,525,000 · Dec 2025December 2025 | 110,000 /yr |
116, Parkviews Rawda Apartments in numbers
- Sold twice: first on 9 March 2020 for AED 1,058,888, last on 22 June 2023 for AED 900,000 (AED 565 per sqft).
- Rented since May 2021 on 4 Ejari contracts, from AED 53,000 to AED 60,000 a year.
- At AED 60,000 a year the gross yield on the 2023 price is 6.7%, before a service charge of about AED 25,900 a year (AED 16.27 per sqft).
- Two-beds in Parkviews Rawda Apartments sold for AED 1,030,000–1,560,888 in the 12 months to November 2026; the building's median across all types is AED 1,229 per sqft.
Source: Dubai Land Department. Updated 17 July 2023.
Questions about 116, Parkviews Rawda Apartments
What did unit 116 last sell for?
AED 900,000 on 22 June 2023: AED 565 per sqft for 1,593 sqft. The unit has 2 registered sales; the first was AED 1,058,888 in March 2020.
What is the rent for unit 116?
AED 60,000 a year on the contract signed on 17 July 2023. The previous contract, from August 2022, was AED 60,000; the unit has been rented since May 2021.
How big is unit 116?
1,593 sqft (148.0 sqm): a two-bedroom apartment on the 1st floor of a 12-storey tower completed in 2020.
What is unit 116 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Parkviews Rawda Apartments sold for AED 1,030,000 to 1,560,888 in the last 12 months, around AED 1,280 per sqft.
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Mortgage on 116, Parkviews Rawda Apartments
Starts from the last sale price (AED 900K, 22 June 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 900,000
- Deposit, UAE resident (20%)
- AED 180,000
- Deposit, non-resident (40%)
- AED 360,000
- Monthly over 25 years at 3.7%
- AED 3,682
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →