503, Niloofar Tower
Sold prices and rental history: sold twice, last in August 2013, 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 503, Niloofar Tower
What is 503 worth today?
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Source: Dubai Land Department. Updated 21 June 2025.
Key facts
- Type
- Studio apartment
- Size
- 653 sqft
- Floor
- 5th of 12
- Parking
- B2-07
- Developer
- RMG
- Completed
- 2017
- Service charge
- AED 12,000 /yr
- Last sold
- AED 450K · August 2013
- Building
- Niloofar Tower
About 503, Niloofar Tower
503 is a studio of 653 sqft on the 5th floor of Niloofar Tower, a 12-storey tower in Culture Village completed in 2017 by RMG. It last sold on 21 August 2013 for AED 450,000, or AED 688 per sqft, 44% below the AED 1,223 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, renewed on 21 June 2025, is AED 39,000 a year: a gross yield of 8.7% on the 2013 price, before the service charge of about AED 12,000 a year.
Sales and rents for 503 over time
503 has sold twice; 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 503 sits
All 24 studios →503 last sold in August 2013 at AED 688 per sqft, 44% below what studios in Niloofar Tower were fetching at the time (AED 1,223).
| 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 5th floor
All 93 units in Niloofar Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 919 sqft | AED 825KAED 824,500 · Oct 2015October 2015 | 59,000 /yr | |
| 502 | 2-bed | 1,280 sqft | AED 1.15MAED 1,152,036 · Apr 2016April 2016 | 80,000 /yr | |
| 504 | 1-bed | 1,081 sqft | AED 973KAED 972,630 · Apr 2016April 2016 | 63,000 /yr | |
| 505 | 1-bed | 1,059 sqft | AED 953KAED 952,956 · Apr 2016April 2016 | 63,800 /yr | |
| 506 | Studio | 535 sqft | AED 1.02MAED 1,020,971 · Jan 2015January 2015 | 47,000 /yr | |
| 507 | 2-bed | 1,391 sqft | AED 1.78MAED 1,778,496 · Jun 2014June 2014 | 67,000 /yr | |
| 508 | 1-bed | 920 sqft | AED 1.11MAED 1,107,140 · Nov 2015November 2015 | 45,000 /yr |
503, Niloofar Tower in numbers
- Sold twice: first on 11 February 2013 for AED 801,205, last on 21 August 2013 for AED 450,000 (AED 688 per sqft).
- Rented since February 2018 on 4 Ejari contracts, from AED 50,000 to AED 39,000 a year.
- At AED 39,000 a year the gross yield on the 2013 price is 8.7%, before a service charge of about AED 12,000 a year (AED 18.38 per sqft).
Source: Dubai Land Department. Updated 21 June 2025.
Questions about 503, Niloofar Tower
What did unit 503 last sell for?
AED 450,000 on 21 August 2013: AED 688 per sqft for 653 sqft. The unit has 2 registered sales; the first was AED 801,205 in February 2013.
What is the rent for unit 503?
AED 39,000 a year on the contract renewed on 21 June 2025. The previous contract, from June 2024, was AED 37,000; the unit has been rented since February 2018.
How big is unit 503?
653 sqft (60.7 sqm): a studio on the 5th floor of a 12-storey tower completed in 2017.
What is unit 503 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 503, Niloofar Tower
Starts from the last sale price (AED 450K, 21 August 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 450,000
- Deposit, UAE resident (20%)
- AED 90,000
- Deposit, non-resident (40%)
- AED 180,000
- Monthly over 25 years at 3.7%
- AED 1,841
Plus AED 21,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →