1203, Niloofar Tower
Sold prices and rental history: sold once, by the developer in August 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 1203, Niloofar Tower
What is 1203 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 15 November 2021.
Key facts
- Type
- Studio apartment
- Size
- 677 sqft
- Floor
- 12th of 12
- Parking
- B4-20
- Developer
- RMG
- Completed
- 2017
- Service charge
- AED 12,500 /yr
- Last sold
- AED 542K · August 2016
- Building
- Niloofar Tower
About 1203, Niloofar Tower
1203 is a studio of 677 sqft on the 12th floor of Niloofar Tower, a 12-storey tower in Culture Village completed in 2017 by RMG. The developer sold it on 1 August 2016 for AED 541,984, 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 November 2021, is AED 32,000 a year: a gross yield of 5.9% on the 2016 price, before the service charge of about AED 12,500 a year.
Sales and rents for 1203 over time
1203 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 1203 sits
All 24 studios →1203 last sold in August 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 12th floor
All 93 units in Niloofar Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1201 | 1-bed | 908 sqft | AED 598KAED 598,220 · Feb 2022February 2022 | 70,000 /yr | |
| 1202 | 2-bed | 1,178 sqft | AED 947KAED 946,957 · Jul 2016July 2016 | 66,500 /yr | |
| 1206 | Studio | 558 sqft | AED 373KAED 373,000 · Feb 2021February 2021 | 40,000 /yr | |
| 1207 | 2-bed | 1,289 sqft | AED 1.25MAED 1,250,000 · Aug 2021August 2021 | ||
| 1208 | 1-bed | 909 sqft | AED 841KAED 840,834 · Apr 2016April 2016 | 73,000 /yr |
1203, Niloofar Tower in numbers
- Sold once: by RMG on 1 August 2016 for AED 541,984, or AED 799 per sqft.
- Rented since March 2018 on 4 Ejari contracts, from AED 48,000 to AED 32,000 a year.
- At AED 32,000 a year the gross yield on the 2016 price is 5.9%, before a service charge of about AED 12,500 a year (AED 18.38 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 15 November 2021.
Questions about 1203, Niloofar Tower
What did unit 1203 last sell for?
AED 541,984 on 1 August 2016, sold by the developer: AED 799 per sqft for 677 sqft. It is the only registered sale of the unit.
What is the rent for unit 1203?
AED 32,000 a year on the contract signed on 15 November 2021. The previous contract, from August 2020, was AED 35,000; the unit has been rented since March 2018.
How big is unit 1203?
677 sqft (62.9 sqm): a studio on the 12th floor of a 12-storey tower completed in 2017.
What is unit 1203 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 1203, Niloofar Tower
Starts from the last sale price (AED 542K, 1 August 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 541,984
- Deposit, UAE resident (20%)
- AED 108,397
- Deposit, non-resident (40%)
- AED 216,794
- Monthly over 25 years at 3.7%
- AED 2,217
Plus AED 27,773 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →