3-bed · 1,451 sqftRawda Apartments 1, Town Square · 7th floor · completed 2020

703, Rawda Apartments 1

Sold prices and rental history: sold twice, last in May 2023, and rented once, from December 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 703 · DLD and Ejari recordsUpdated 18 May 2023
Last soldAED 1.5M18 May 2023
Current rentAED 75K /yr26 December 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 703, Rawda Apartments 1

What is 703 worth today?

Last sold for AED 1,500,000 in 2023

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18 May 2023SoldReady
AED 1,500,000AED 1,034 per sqft
26 Dec 2021RentedNew contract
AED 75,000/yr12 months · AED 52 per sqft
13 Sep 2021Sold by developerReady
AED 1,598,888AED 1,102 per sqft

Source: Dubai Land Department. Updated 18 May 2023.

Key facts

Type
3-bed apartment
Size
1,451 sqft
Floor
7th of 14
Parking
P-20,P-242
Developer
Nshama Properties
Completed
2020
Service charge
AED 23,600 /yr
Last sold
AED 1.5M · May 2023

About 703, Rawda Apartments 1

703 is a three-bedroom apartment of 1,451 sqft on the 7th floor of Rawda Apartments 1, a 14-storey tower in Town Square completed in 2020 by Nshama Properties. It last sold on 18 May 2023 for AED 1,500,000, or AED 1,034 per sqft.

One Ejari contract is registered, from 26 December 2021. The current contract, signed on 26 December 2021, is AED 75,000 a year: a gross yield of 5.0% on the 2023 price, before the service charge of about AED 23,600 a year.

Sales and rents for 703 over time

Sales
Unit 703, each saleTypical three-bed in Rawda Apartments 1
1.5M2M202120232025Typical sale price by year: 2021 AED 1,638,888; 2023 AED 1,500,000; 2024 AED 1,700,000; 2025 AED 2,240,000Sold by developer, September 2021: AED 1,598,888 (AED 1,102 per sqft)Sold, May 2023: AED 1,500,000 (AED 1,034 per sqft)

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

Rents
Unit 703, each contractTypical three-bed in Rawda Apartments 1
75K100K125K2021202320252027Typical rent by year: 2021 AED 80,000; 2022 AED 85,000; 2023 AED 100,000; 2024 AED 120,000; 2025 AED 130,000; 2026 AED 130,000New contract, December 2021: AED 75,000 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 Rawda Apartments 1, and where 703 sits

All 40 3-beds →

Over the last 12 months three-beds sold for AED 2,250,888, around AED 1,173 per sqft, and rent for AED 83,340 to 145,000 a year. 703's AED 75,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
5 Dec 20252,250,888
28 Aug 20252,275,888
15 Aug 20252,150,000
14 Aug 20252,200,000
1 3-bed sale in the last 12 months

Rawda Apartments 1

Building

248 apartments, 1-bed to 3-bed over 14 floors in Town Square, completed in 2020 by Nshama Properties. 19 sold in the last 12 months.

Typical price per sqft
AED 1,413 Up 4.2%
Typical sale
AED 1.23M
Typical rent
AED 85K /yr
Typical yield
6.6%
Rawda Apartments 1, Town Square: prices, sales and rents →

Other units on the 7th floor

All 248 units in Rawda Apartments 1
Value
7012-bedAED 1.1M · Jun 2024
7023-bedAED 1.74M · Nov 2019
7042-bedAED 1.16M · Sep 2017
7052-bedAED 700K · Nov 2023
7062-bedAED 1.14M · Mar 2021
7072-bedAED 1.15M · Feb 2021
7081-bedAED 675K · Jan 2024
1–7 of 17

703, Rawda Apartments 1 in numbers

  • Sold twice: first on 13 September 2021 for AED 1,598,888, last on 18 May 2023 for AED 1,500,000 (AED 1,034 per sqft).
  • Rented since December 2021 on one Ejari contract, at AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2023 price is 5.0%, before a service charge of about AED 23,600 a year (AED 16.27 per sqft).
  • Three-beds in Rawda Apartments 1 sold for AED 2,250,888–2,250,888 in the 12 months to November 2026; the building's median across all types is AED 1,413 per sqft.

Source: Dubai Land Department. Updated 18 May 2023.

Questions about 703, Rawda Apartments 1

What did unit 703 last sell for?

AED 1,500,000 on 18 May 2023: AED 1,034 per sqft for 1,451 sqft. The unit has 2 registered sales; the first was AED 1,598,888 in September 2021.

What is the rent for unit 703?

AED 75,000 a year on the contract signed on 26 December 2021.

How big is unit 703?

1,451 sqft (134.8 sqm): a three-bedroom apartment on the 7th floor of a 14-storey tower completed in 2020.

What is unit 703 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Rawda Apartments 1 sold for AED 2,250,888 to 2,250,888 in the last 12 months, around AED 1,173 per sqft.

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Mortgage on 703, Rawda Apartments 1

Starts from the last sale price (AED 1.5M, 18 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,500,000
Deposit, UAE resident (20%)
AED 300,000
Deposit, non-resident (40%)
AED 600,000
Monthly over 25 years at 3.7%
AED 6,137

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