2-bed · 954 sqftParkviews Rawda Apartments, Town Square · 7th floor · completed 2020

707, Parkviews Rawda Apartments

Sold prices and rental history: sold once, by the developer in August 2020, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 707 · DLD and Ejari recordsUpdated 5 October 2022
Last soldAED 1M10 August 2020
Current rentAED 60K /yr5 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 707, Parkviews Rawda Apartments

What is 707 worth today?

Last sold for AED 1,000,888 in 2020

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5 Oct 2022RentedNew contract
AED 60,000/yr12 months · AED 63 per sqft
1 Oct 2021RentedNew contract
AED 45,000/yr12 months · AED 47 per sqft
1 Nov 2020RentedNew contract
AED 44,000/yr12 months · AED 46 per sqft
10 Aug 2020Sold by developerReady
AED 1,000,888AED 1,048 per sqft

Source: Dubai Land Department. Updated 5 October 2022.

Key facts

Type
2-bed apartment
Size
954 sqft
Floor
7th of 12
Parking
P-115
Developer
Nshama Properties
Completed
2020
Service charge
AED 15,500 /yr
Last sold
AED 1M · August 2020

About 707, Parkviews Rawda Apartments

707 is a two-bedroom apartment of 954 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 10 August 2020 for AED 1,000,888, or AED 1,048 per sqft, 5% above the AED 1,002 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 5 October 2022, is AED 60,000 a year: a gross yield of 6.0% on the 2020 price, before the service charge of about AED 15,500 a year.

Sales and rents for 707 over time

Sales
Unit 707, 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, August 2020: AED 1,000,888 (AED 1,048 per sqft)

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

Rents
Unit 707, 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, November 2020: AED 44,000 a yearNew contract, October 2021: AED 45,000 a yearNew contract, October 2022: AED 60,000 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 707 sits

All 120 2-beds →

707 last sold in August 2020 at AED 1,048 per sqft, 5% above what two-beds in Parkviews Rawda Apartments were fetching at the time (AED 1,002). 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. 707's AED 60,000 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
7011-bedAED 670K · Nov 2022
7021-bedAED 910K · Dec 2025
7033-bedAED 1.63M · Jul 2021
7043-bedAED 1.54M · Nov 2021
7053-bedAED 1.72M · May 2021
7062-bedAED 955K · May 2024
7081-bedAED 790K · May 2025
1–7 of 16

707, Parkviews Rawda Apartments in numbers

  • Sold once: by Nshama Properties on 10 August 2020 for AED 1,000,888, or AED 1,048 per sqft.
  • Rented since November 2020 on 3 Ejari contracts, from AED 44,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2020 price is 6.0%, 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 5 October 2022.

Questions about 707, Parkviews Rawda Apartments

What did unit 707 last sell for?

AED 1,000,888 on 10 August 2020, sold by the developer: AED 1,048 per sqft for 954 sqft. It is the only registered sale of the unit.

What is the rent for unit 707?

AED 60,000 a year on the contract signed on 5 October 2022. The previous contract, from October 2021, was AED 45,000; the unit has been rented since November 2020.

How big is unit 707?

954 sqft (88.6 sqm): a two-bedroom apartment on the 7th floor of a 12-storey tower completed in 2020.

What is unit 707 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 707, Parkviews Rawda Apartments

Starts from the last sale price (AED 1M, 10 August 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,000,888
Deposit, UAE resident (20%)
AED 200,178
Deposit, non-resident (40%)
AED 400,355
Monthly over 25 years at 3.7%
AED 4,095

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