3-bed · 1,581 sqftParkviews Rawda Apartments, Town Square · 7th floor · completed 2020

705, Parkviews Rawda Apartments

Sold prices and rental history: sold once, by the developer in May 2021, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 705 · DLD and Ejari recordsUpdated 1 August 2023
Last soldAED 1.72M19 May 2021
Current rentAED 120K /yr1 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 705, Parkviews Rawda Apartments

What is 705 worth today?

Last sold for AED 1,720,888 in 2021

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1 Aug 2023RentedRenewal
AED 120,000/yr2 months · AED 76 per sqft
1 Aug 2022RentedNew contract
AED 85,000/yr12 months · AED 54 per sqft
1 Aug 2022RentedRenewal
AED 85,000/yr12 months · AED 54 per sqft
1 Aug 2021RentedNew contract
AED 82,000/yr12 months · AED 52 per sqft
19 May 2021Sold by developerReady
AED 1,720,888AED 1,088 per sqft

Source: Dubai Land Department. Updated 1 August 2023.

Key facts

Type
3-bed apartment
Size
1,581 sqft
Floor
7th of 12
Parking
G-111
Developer
Nshama Properties
Completed
2020
Service charge
AED 25,700 /yr
Last sold
AED 1.72M · May 2021

About 705, Parkviews Rawda Apartments

705 is a three-bedroom apartment of 1,581 sqft on the 7th floor of Parkviews Rawda Apartments, a 12-storey tower in Town Square completed in 2020 by Nshama Properties. The developer sold it on 19 May 2021 for AED 1,720,888, or AED 1,088 per sqft, in line with the AED 1,077 three-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 1 August 2023, is AED 120,000 a year: a gross yield of 7.0% on the 2021 price, before the service charge of about AED 25,700 a year.

Sales and rents for 705 over time

Sales
Unit 705, each saleTypical three-bed in Parkviews Rawda Apartments
1.5M2M2020202220242026Typical sale price by year: 2020 AED 1,695,888; 2021 AED 1,622,388; 2023 AED 1,435,000; 2024 AED 1,720,000; 2025 AED 2,050,000Sold by developer, May 2021: AED 1,720,888 (AED 1,088 per sqft)

705 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 705, each contractTypical three-bed in Parkviews Rawda Apartments
100K2020202220242026Typical rent by year: 2020 AED 63,500; 2021 AED 79,000; 2022 AED 85,000; 2023 AED 100,000; 2024 AED 101,750; 2025 AED 120,000; 2026 AED 130,000New contract, August 2021: AED 82,000 a yearNew contract, August 2022: AED 85,000 a yearRenewal, August 2022: AED 85,000 a yearRenewal, August 2023: AED 120,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Parkviews Rawda Apartments, and where 705 sits

All 36 3-beds →

705 last sold in May 2021 at AED 1,088 per sqft, in line with what three-beds in Parkviews Rawda Apartments were fetching at the time (AED 1,077). Over the last 12 months three-beds sold for AED 2,100,000 to 2,350,000, around AED 1,406 per sqft, and rent for AED 75,000 to 160,274 a year. 705's AED 120,000 is in the upper half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
2 Nov 20262,100,000
2 Feb 20262,350,000
3 Oct 20251,850,000
8 Sep 20252,105,888
2 3-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
7011-bedAED 670K · Nov 2022
7021-bedAED 910K · Dec 2025
7033-bedAED 1.63M · Jul 2021
7043-bedAED 1.54M · Nov 2021
7062-bedAED 955K · May 2024
7072-bedAED 1M · Aug 2020
7081-bedAED 790K · May 2025
1–7 of 16

705, Parkviews Rawda Apartments in numbers

  • Sold once: by Nshama Properties on 19 May 2021 for AED 1,720,888, or AED 1,088 per sqft.
  • Rented since August 2021 on 4 Ejari contracts, from AED 82,000 to AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2021 price is 7.0%, before a service charge of about AED 25,700 a year (AED 16.27 per sqft).
  • Three-beds in Parkviews Rawda Apartments sold for AED 2,100,000–2,350,000 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 1 August 2023.

Questions about 705, Parkviews Rawda Apartments

What did unit 705 last sell for?

AED 1,720,888 on 19 May 2021, sold by the developer: AED 1,088 per sqft for 1,581 sqft. It is the only registered sale of the unit.

What is the rent for unit 705?

AED 120,000 a year on the contract renewed on 1 August 2023. The previous contract, from August 2022, was AED 85,000; the unit has been rented since August 2021.

How big is unit 705?

1,581 sqft (146.9 sqm): a three-bedroom apartment on the 7th floor of a 12-storey tower completed in 2020.

What is unit 705 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Parkviews Rawda Apartments sold for AED 2,100,000 to 2,350,000 in the last 12 months, around AED 1,406 per sqft.

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Mortgage on 705, Parkviews Rawda Apartments

Starts from the last sale price (AED 1.72M, 19 May 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,720,888
Deposit, UAE resident (20%)
AED 344,178
Deposit, non-resident (40%)
AED 688,355
Monthly over 25 years at 3.7%
AED 7,041

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