2-bed · 1,144 sqftParkviews Rawda Apartments, Town Square · 7th floor · completed 2020

717, Parkviews Rawda Apartments

Sold prices and rental history: sold twice, last in December 2023, and rented once, from October 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 717 · DLD and Ejari recordsUpdated 21 December 2023
Last soldAED 1.1M21 December 2023
Current rentAED 108K /yr20 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 717, Parkviews Rawda Apartments

What is 717 worth today?

Last sold for AED 1,100,000 in 2023

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21 Dec 2023SoldReady
AED 1,100,000AED 961 per sqft
20 Oct 2022RentedNew contract
AED 108,000/yr12 months · AED 94 per sqft
14 Jul 2020Sold by developerReady
AED 1,079,888AED 944 per sqft

Source: Dubai Land Department. Updated 21 December 2023.

Key facts

Type
2-bed apartment
Size
1,144 sqft
Floor
7th of 12
Parking
P-171
Developer
Nshama Properties
Completed
2020
Service charge
AED 18,600 /yr
Last sold
AED 1.1M · December 2023

About 717, Parkviews Rawda Apartments

717 is a two-bedroom apartment of 1,144 sqft on the 7th floor of Parkviews Rawda Apartments, a 12-storey tower in Town Square completed in 2020 by Nshama Properties. It last sold on 21 December 2023 for AED 1,100,000, or AED 961 per sqft, 9% above the AED 880 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 20 October 2022. The current contract, signed on 20 October 2022, is AED 108,000 a year: a gross yield of 9.8% on the 2023 price, before the service charge of about AED 18,600 a year.

Sales and rents for 717 over time

Sales
Unit 717, 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, July 2020: AED 1,079,888 (AED 944 per sqft)Sold, December 2023: AED 1,100,000 (AED 961 per sqft)

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

Rents
Unit 717, each contractTypical two-bed in Parkviews Rawda Apartments
50K100K2020202220242026Typical 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, October 2022: AED 108,000 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 717 sits

All 120 2-beds →

717 last sold in December 2023 at AED 961 per sqft, 9% above what two-beds in Parkviews Rawda Apartments were fetching at the time (AED 880). 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. 717's AED 108,000 is in the upper 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
7072-bedAED 1M · Aug 2020
1–7 of 16

717, Parkviews Rawda Apartments in numbers

  • Sold twice: first on 14 July 2020 for AED 1,079,888, last on 21 December 2023 for AED 1,100,000 (AED 961 per sqft).
  • Rented since October 2022 on one Ejari contract, at AED 108,000 a year.
  • At AED 108,000 a year the gross yield on the 2023 price is 9.8%, before a service charge of about AED 18,600 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 21 December 2023.

Questions about 717, Parkviews Rawda Apartments

What did unit 717 last sell for?

AED 1,100,000 on 21 December 2023: AED 961 per sqft for 1,144 sqft. The unit has 2 registered sales; the first was AED 1,079,888 in July 2020.

What is the rent for unit 717?

AED 108,000 a year on the contract signed on 20 October 2022.

How big is unit 717?

1,144 sqft (106.3 sqm): a two-bedroom apartment on the 7th floor of a 12-storey tower completed in 2020.

What is unit 717 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 717, Parkviews Rawda Apartments

Starts from the last sale price (AED 1.1M, 21 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,100,000
Deposit, UAE resident (20%)
AED 220,000
Deposit, non-resident (40%)
AED 440,000
Monthly over 25 years at 3.7%
AED 4,500

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