203, Niloofar Tower
Sold prices and rental history: sold 4 times, last in June 2021, 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 203, Niloofar Tower
What is 203 worth today?
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Source: Dubai Land Department. Updated 20 February 2024.
Key facts
- Type
- Studio apartment
- Size
- 654 sqft
- Floor
- 2nd of 12
- Parking
- B1-07
- Developer
- RMG
- Completed
- 2017
- Service charge
- AED 12,000 /yr
- Last sold
- AED 410K · June 2021
- Building
- Niloofar Tower
About 203, Niloofar Tower
203 is a studio of 654 sqft on the 2nd floor of Niloofar Tower, a 12-storey tower in Culture Village completed in 2017 by RMG. It last sold on 29 June 2021 for AED 410,000, or AED 627 per sqft, 12% below the AED 716 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, signed on 20 February 2024, is AED 41,000 a year: a gross yield of 10.0% on the 2021 price, before the service charge of about AED 12,000 a year.
Sales and rents for 203 over time
203 has sold 4 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 203 sits
All 24 studios →203 last sold in June 2021 at AED 627 per sqft, 12% below what studios in Niloofar Tower were fetching at the time (AED 716).
| 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 | ||
| 2 Feb 20212 February 2021 | 558 sqft | 373,000 | 667 |
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 2nd floor
All 93 units in Niloofar Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 201 | 1-bed | 898 sqft | AED 1MAED 1,000,000 · Jan 2018January 2018 | 70,000 /yr | |
| 202 | 2-bed | 1,280 sqft | AED 850KAED 850,000 · Aug 2013August 2013 | 30,000 /yr | |
| 204 | 1-bed | 1,081 sqft | AED 700KAED 700,000 · Aug 2013August 2013 | 57,750 /yr | |
| 205 | 1-bed | 1,059 sqft | AED 700KAED 700,000 · Aug 2013August 2013 | 52,000 /yr | |
| 206 | Studio | 535 sqft | AED 400KAED 400,000 · Oct 2021October 2021 | 55,000 /yr | |
| 207 | 2-bed | 1,391 sqft | AED 900KAED 900,000 · Aug 2013August 2013 | 77,385 /yr | |
| 208 | 1-bed | 899 sqft | AED 600KAED 600,000 · Aug 2013August 2013 | 70,000 /yr |
203, Niloofar Tower in numbers
- Sold 4 times: first on 19 March 2014 for AED 571,688, last on 29 June 2021 for AED 410,000 (AED 627 per sqft).
- Rented since June 2018 on 5 Ejari contracts. The rent fell from AED 40,000 to AED 30,000 in 2022 and recovered to AED 41,000 by February 2024.
- At AED 41,000 a year the gross yield on the 2021 price is 10.0%, before a service charge of about AED 12,000 a year (AED 18.38 per sqft).
Source: Dubai Land Department. Updated 20 February 2024.
Questions about 203, Niloofar Tower
What did unit 203 last sell for?
AED 410,000 on 29 June 2021: AED 627 per sqft for 654 sqft. The unit has 4 registered sales; the first was AED 571,688 in March 2014.
What is the rent for unit 203?
AED 41,000 a year on the contract signed on 20 February 2024. The previous contract, from February 2022, was AED 30,000; the unit has been rented since June 2018.
How big is unit 203?
654 sqft (60.8 sqm): a studio on the 2nd floor of a 12-storey tower completed in 2017.
What is unit 203 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 203, Niloofar Tower
Starts from the last sale price (AED 410K, 29 June 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 410,000
- Deposit, UAE resident (20%)
- AED 82,000
- Deposit, non-resident (40%)
- AED 164,000
- Monthly over 25 years at 3.7%
- AED 1,677
Plus AED 20,130 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →