2-bed · 954 sqftParkviews Rawda Apartments, Town Square · 6th floor · completed 2020

607, Parkviews Rawda Apartments

Sold prices and rental history: sold twice, last in October 2024, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 607 · DLD and Ejari recordsUpdated 9 October 2024
Last soldAED 1.23M9 October 2024
Current rentAED 50K /yr10 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 607, Parkviews Rawda Apartments

What is 607 worth today?

Last sold for AED 1,230,000 in 2024

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9 Oct 2024SoldReady
AED 1,230,000AED 1,288 per sqft
10 Dec 2022RentedNew contract
AED 50,000/yr12 months · AED 52 per sqft
10 Dec 2021RentedRenewal
AED 43,000/yr12 months · AED 45 per sqft
10 Dec 2020RentedNew contract
AED 42,000/yr12 months · AED 44 per sqft
17 Sep 2020Sold by developerReady
AED 988,888AED 1,036 per sqft

Source: Dubai Land Department. Updated 9 October 2024.

Key facts

Type
2-bed apartment
Size
954 sqft
Floor
6th of 12
Parking
P-188
Developer
Nshama Properties
Completed
2020
Service charge
AED 15,500 /yr
Last sold
AED 1.23M · October 2024

About 607, Parkviews Rawda Apartments

607 is a two-bedroom apartment of 954 sqft on the 6th floor of Parkviews Rawda Apartments, a 12-storey tower in Town Square completed in 2020 by Nshama Properties. It last sold on 9 October 2024 for AED 1,230,000, or AED 1,288 per sqft, 24% above the AED 1,039 two-beds in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 10 December 2022, is AED 50,000 a year: a gross yield of 4.1% on the 2024 price, before the service charge of about AED 15,500 a year.

Sales and rents for 607 over time

Sales
Unit 607, each saleTypical two-bed in Parkviews Rawda Apartments
800K1M1.2M2020202220242026Typical sale price by year: 2020 AED 972,888; 2021 AED 960,888; 2023 AED 850,000; 2024 AED 1,093,888; 2025 AED 1,250,000; 2026 AED 1,220,000Sold by developer, September 2020: AED 988,888 (AED 1,036 per sqft)Sold, October 2024: AED 1,230,000 (AED 1,288 per sqft)

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

Rents
Unit 607, each contractTypical two-bed in Parkviews Rawda Apartments
50K75K2020202220242026Typical rent by year: 2020 AED 45,000; 2021 AED 45,000; 2022 AED 53,400; 2023 AED 62,000; 2024 AED 75,000; 2025 AED 82,000; 2026 AED 89,752New contract, December 2020: AED 42,000 a yearRenewal, December 2021: AED 43,000 a yearNew contract, December 2022: AED 50,000 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 Parkviews Rawda Apartments, and where 607 sits

All 120 2-beds →

607 last sold in October 2024 at AED 1,288 per sqft, 24% above what two-beds in Parkviews Rawda Apartments were fetching at the time (AED 1,039). 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. 607's AED 50,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
8 Sep 20261,560,888
16 Jun 20261,030,000
4 Jun 20261,200,000
13 Feb 20261,400,000
9 2-bed sales in the last 12 months

Parkviews Rawda Apartments

Building

204 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%
Parkviews Rawda Apartments, Town Square: prices, sales and rents →
Value
6011-bedAED 801K · Sep 2020
6021-bedAED 791K · Aug 2020
6033-bedAED 1.63M · Apr 2021
6043-bedAED 1.53M · Nov 2021
6053-bedAED 2.1M · Nov 2026
6062-bedAED 1.15M · Nov 2024
6081-bedAED 776K · Aug 2020
1–7 of 16

607, Parkviews Rawda Apartments in numbers

  • Sold twice: first on 17 September 2020 for AED 988,888, last on 9 October 2024 for AED 1,230,000 (AED 1,288 per sqft).
  • Rented since December 2020 on 3 Ejari contracts, from AED 42,000 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2024 price is 4.1%, before a service charge of about AED 15,500 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 9 October 2024.

Questions about 607, Parkviews Rawda Apartments

What did unit 607 last sell for?

AED 1,230,000 on 9 October 2024: AED 1,288 per sqft for 954 sqft. The unit has 2 registered sales; the first was AED 988,888 in September 2020.

What is the rent for unit 607?

AED 50,000 a year on the contract signed on 10 December 2022. The previous contract, from December 2021, was AED 43,000; the unit has been rented since December 2020.

How big is unit 607?

954 sqft (88.6 sqm): a two-bedroom apartment on the 6th floor of a 12-storey tower completed in 2020.

What is unit 607 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 607, Parkviews Rawda Apartments

Starts from the last sale price (AED 1.23M, 9 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,230,000
Deposit, UAE resident (20%)
AED 246,000
Deposit, non-resident (40%)
AED 492,000
Monthly over 25 years at 3.7%
AED 5,032

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