103, Niloofar Tower
Sold prices and rental history: sold 3 times, last in July 2016, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 103, Niloofar Tower
What is 103 worth today?
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Source: Dubai Land Department. Updated 15 February 2022.
Key facts
- Type
- Studio apartment
- Size
- 1,290 sqft
- Floor
- 1st of 12
- Parking
- B1-20
- Developer
- RMG
- Completed
- 2017
- Service charge
- AED 23,700 /yr
- Last sold
- AED 1.03M · July 2016
- Building
- Niloofar Tower
About 103, Niloofar Tower
103 is a studio of 1,290 sqft on the 1st floor of Niloofar Tower, a 12-storey tower in Culture Village completed in 2017 by RMG. It last sold on 21 July 2016 for AED 1,032,128, or AED 799 per sqft, 11% below the AED 900 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, signed on 15 February 2022, is AED 33,000 a year: a gross yield of 3.2% on the 2016 price, before the service charge of about AED 23,700 a year.
Sales and rents for 103 over time
103 has sold 3 times; 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 103 sits
All 24 studios →103 last sold in July 2016 at AED 799 per sqft, 11% below what studios in Niloofar Tower were fetching at the time (AED 900).
| 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 1st floor
All 93 units in Niloofar Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 101 | 1-bed | 898 sqft | AED 600KAED 600,000 · Aug 2013August 2013 | 70,000 /yr | |
| 102 | 2-bed | 1,533 sqft | AED 850KAED 850,000 · Aug 2013August 2013 | 50,000 /yr | |
| 104 | 1-bed | 1,748 sqft | AED 1.47MAED 1,474,368 · Nov 2015November 2015 | ||
| 105 | 1-bed | 1,725 sqft | AED 1.5MAED 1,499,657 · Feb 2014February 2014 | 57,000 /yr | |
| 106 | Studio | 1,140 sqft | AED 1.4MAED 1,400,000 · Nov 2015November 2015 | ||
| 107 | 2-bed | 1,665 sqft | AED 1.3MAED 1,303,333 · Dec 2013December 2013 | 75,246 /yr | |
| 108 | 1-bed | 899 sqft | AED 600KAED 600,000 · Aug 2013August 2013 | 57,752 /yr |
103, Niloofar Tower in numbers
- Sold 3 times: first on 19 March 2014 for AED 1,058,368, last on 21 July 2016 for AED 1,032,128 (AED 799 per sqft).
- Rented since March 2018 on 4 Ejari contracts, from AED 46,000 to AED 33,000 a year.
- At AED 33,000 a year the gross yield on the 2016 price is 3.2%, before a service charge of about AED 23,700 a year (AED 18.38 per sqft).
Source: Dubai Land Department. Updated 15 February 2022.
Questions about 103, Niloofar Tower
What did unit 103 last sell for?
AED 1,032,128 on 21 July 2016: AED 799 per sqft for 1,290 sqft. The unit has 3 registered sales; the first was AED 1,058,368 in March 2014.
What is the rent for unit 103?
AED 33,000 a year on the contract signed on 15 February 2022. The previous contract, from May 2020, was AED 36,000; the unit has been rented since March 2018.
How big is unit 103?
1,290 sqft (119.8 sqm): a studio on the 1st floor of a 12-storey tower completed in 2017.
What is unit 103 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 103, Niloofar Tower
Starts from the last sale price (AED 1.03M, 21 July 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 1,032,128
- Deposit, UAE resident (20%)
- AED 206,426
- Deposit, non-resident (40%)
- AED 412,851
- Monthly over 25 years at 3.7%
- AED 4,223
Plus AED 48,359 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →