1003, Niloofar Tower
Sold prices and rental history: sold once, by the developer in April 2011, and rented once, from August 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1003, Niloofar Tower
What is 1003 worth today?
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Source: Dubai Land Department. Updated 15 August 2020.
Key facts
- Type
- Studio apartment
- Size
- 654 sqft
- Floor
- 10th of 12
- Parking
- B4-02
- Developer
- RMG
- Completed
- 2017
- Service charge
- AED 12,000 /yr
- Last sold
- AED 1.33M · April 2011
- Building
- Niloofar Tower
About 1003, Niloofar Tower
1003 is a studio of 654 sqft on the 10th floor of Niloofar Tower, a 12-storey tower in Culture Village completed in 2017 by RMG. The developer sold it on 20 April 2011 for AED 1,327,445, or AED 2,031 per sqft, in line with the AED 2,031 studios in the building were fetching at the time.
One Ejari contract is registered, from 15 August 2020. The current contract, signed on 15 August 2020, is AED 36,000 a year: a gross yield of 2.7% on the 2011 price, before the service charge of about AED 12,000 a year.
Sales and rents for 1003 over time
1003 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Niloofar Tower, and where 1003 sits
All 24 studios →1003 last sold in April 2011 at AED 2,031 per sqft, in line with what studios in Niloofar Tower were fetching at the time (AED 2,031).
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 11 Apr 202211 April 2022 | 535 sqft | 430,000 | 804 | ||
| 21 Feb 202221 February 2022 | 654 sqft | 465,330 | 711 | ||
| 17 Oct 202117 October 2021 | 535 sqft | 400,000 | 748 | ||
| 29 Jun 202129 June 2021 | 654 sqft | 410,000 | 627 |
Niloofar Tower
Building93 apartments, studios to 2-bed over 12 floors in Culture Village, completed in 2017 by RMG. No sale in the last 12 months.
- Typical price per sqft
- Few sales
- Typical sale
- Few sales
- Typical rent
- AED 57K /yr
- Typical yield
Other units on the 10th floor
All 93 units in Niloofar Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1001 | 1-bed | 849 sqft | AED 1.72MAED 1,716,000 · Apr 2011April 2011 | 46,000 /yr | |
| 1002 | 2-bed | 1,257 sqft | AED 2.53MAED 2,526,930 · Apr 2011April 2011 | 57,500 /yr | |
| 1004 | 1-bed | 980 sqft | AED 2.15MAED 2,145,640 · Apr 2011April 2011 | 45,000 /yr | |
| 1005 | 1-bed | 958 sqft | AED 1.28MAED 1,278,812 · Nov 2014November 2014 | 59,000 /yr | |
| 1006 | Studio | 107 sqft | AED 106KAED 106,000 · Jan 2020January 2020 | 46,000 /yr | |
| 1007 | 2-bed | 1,368 sqft | AED 2.75MAED 2,752,310 · Apr 2011April 2011 | 70,000 /yr | |
| 1008 | 1-bed | 850 sqft | AED 1.72MAED 1,716,000 · Apr 2011April 2011 | 46,000 /yr |
1003, Niloofar Tower in numbers
- Sold once: by RMG on 20 April 2011 for AED 1,327,445, or AED 2,031 per sqft.
- Rented since August 2020 on one Ejari contract, at AED 36,000 a year.
- At AED 36,000 a year the gross yield on the 2011 price is 2.7%, before a service charge of about AED 12,000 a year (AED 18.38 per sqft).
Source: Dubai Land Department. Updated 15 August 2020.
Questions about 1003, Niloofar Tower
What did unit 1003 last sell for?
AED 1,327,445 on 20 April 2011, sold by the developer: AED 2,031 per sqft for 654 sqft. It is the only registered sale of the unit.
What is the rent for unit 1003?
AED 36,000 a year on the contract signed on 15 August 2020.
How big is unit 1003?
654 sqft (60.8 sqm): a studio on the 10th floor of a 12-storey tower completed in 2017.
What is unit 1003 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 1003, Niloofar Tower
Starts from the last sale price (AED 1.33M, 20 April 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 1,327,445
- Deposit, UAE resident (20%)
- AED 265,489
- Deposit, non-resident (40%)
- AED 530,978
- Monthly over 25 years at 3.7%
- AED 5,431
Plus AED 60,763 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →