307, Niloofar Tower
Sold prices and rental history: sold twice, last in May 2013, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 307, Niloofar Tower
What is 307 worth today?
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Source: Dubai Land Department. Updated 15 June 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,391 sqft
- Floor
- 3rd of 12
- Parking
- B1-23 , B1-24
- Developer
- RMG
- Completed
- 2017
- Service charge
- AED 25,600 /yr
- Last sold
- AED 1.1M · May 2013
- Building
- Niloofar Tower
About 307, Niloofar Tower
307 is a two-bedroom apartment of 1,391 sqft on the 3rd floor of Niloofar Tower, a 12-storey tower in Culture Village completed in 2017 by RMG. It last sold on 5 May 2013 for AED 1,100,000, or AED 790 per sqft, 35% below the AED 1,223 two-beds in the building were fetching at the time.
It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 15 June 2022, is AED 55,000 a year: a gross yield of 5.0% on the 2013 price, before the service charge of about AED 25,600 a year.
Sales and rents for 307 over time
307 has sold twice; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Niloofar Tower, and where 307 sits
All 23 2-beds →307 last sold in May 2013 at AED 790 per sqft, 35% below what two-beds in Niloofar Tower were fetching at the time (AED 1,223).
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Oct 20217 October 2021 | 1,280 sqft | 800,000 | 624 | ||
| 2 Aug 20212 August 2021 | 1,289 sqft | 1,250,000 | 969 | ||
| 29 Jun 202129 June 2021 | 1,257 sqft | 914,951 | 727 | ||
| 29 Jan 201829 January 2018 | 1,368 sqft | 1,436,726 | 1,049 |
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 3rd floor
All 93 units in Niloofar Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 1-bed | 898 sqft | AED 783KAED 782,731 · Feb 2014February 2014 | 49,350 /yr | |
| 302 | 2-bed | 1,280 sqft | AED 1.35MAED 1,346,638 · Feb 2014February 2014 | 77,175 /yr | |
| 303 | Studio | 654 sqft | AED 588KAED 588,222 · Mar 2016March 2016 | 48,000 /yr | |
| 304 | 1-bed | 1,081 sqft | AED 973KAED 972,531 · Mar 2016March 2016 | 70,000 /yr | |
| 305 | 1-bed | 1,059 sqft | AED 919KAED 919,097 · Feb 2014February 2014 | 51,000 /yr | |
| 306 | Studio | 535 sqft | AED 739KAED 738,612 · Mar 2015March 2015 | 32,000 /yr | |
| 308 | 1-bed | 899 sqft | AED 780KAED 780,164 · Feb 2014February 2014 | 62,000 /yr |
307, Niloofar Tower in numbers
- Sold twice: first on 11 February 2013 for AED 1,704,392, last on 5 May 2013 for AED 1,100,000 (AED 790 per sqft).
- Rented since July 2018 on 3 Ejari contracts, from AED 78,000 to AED 55,000 a year.
- At AED 55,000 a year the gross yield on the 2013 price is 5.0%, before a service charge of about AED 25,600 a year (AED 18.38 per sqft).
Source: Dubai Land Department. Updated 15 June 2022.
Questions about 307, Niloofar Tower
What did unit 307 last sell for?
AED 1,100,000 on 5 May 2013: AED 790 per sqft for 1,391 sqft. The unit has 2 registered sales; the first was AED 1,704,392 in February 2013.
What is the rent for unit 307?
AED 55,000 a year on the contract signed on 15 June 2022. The previous contract, from October 2019, was AED 59,839; the unit has been rented since July 2018.
How big is unit 307?
1,391 sqft (129.2 sqm): a two-bedroom apartment on the 3rd floor of a 12-storey tower completed in 2017.
What is unit 307 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 307, Niloofar Tower
Starts from the last sale price (AED 1.1M, 5 May 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 1,100,000
- Deposit, UAE resident (20%)
- AED 220,000
- Deposit, non-resident (40%)
- AED 440,000
- Monthly over 25 years at 3.7%
- AED 4,500
Plus AED 51,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →