506, Niloofar Tower
Sold prices and rental history: sold 3 times, last in January 2015, 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 506, Niloofar Tower
What is 506 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 22 May 2025.
Key facts
- Type
- Studio apartment
- Size
- 535 sqft
- Floor
- 5th of 12
- Parking
- B2-02
- Developer
- RMG
- Completed
- 2017
- Service charge
- AED 9,800 /yr
- Last sold
- AED 1.02M · January 2015
- Building
- Niloofar Tower
About 506, Niloofar Tower
506 is a studio of 535 sqft on the 5th floor of Niloofar Tower, a 12-storey tower in Culture Village completed in 2017 by RMG. It last sold on 13 January 2015 for AED 1,020,971, or AED 1,910 per sqft, 55% above the AED 1,235 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 22 May 2025, is AED 47,000 a year: a gross yield of 4.6% on the 2015 price, before the service charge of about AED 9,800 a year.
Sales and rents for 506 over time
506 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 506 sits
All 24 studios →506 last sold in January 2015 at AED 1,910 per sqft, 55% above what studios in Niloofar Tower were fetching at the time (AED 1,235).
| 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 | |
| 503 | Studio | 653 sqft | AED 450KAED 450,000 · Aug 2013August 2013 | 39,000 /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 | |
| 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 |
506, Niloofar Tower in numbers
- Sold 3 times: first on 16 March 2014 for AED 468,960, last on 13 January 2015 for AED 1,020,971 (AED 1,910 per sqft).
- Rented since July 2018 on 5 Ejari contracts. The rent fell from AED 42,000 to AED 34,000 in 2022 and recovered to AED 47,000 by May 2025.
- At AED 47,000 a year the gross yield on the 2015 price is 4.6%, before a service charge of about AED 9,800 a year (AED 18.38 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 22 May 2025.
Questions about 506, Niloofar Tower
What did unit 506 last sell for?
AED 1,020,971 on 13 January 2015: AED 1,910 per sqft for 535 sqft. The unit has 3 registered sales; the first was AED 468,960 in March 2014.
What is the rent for unit 506?
AED 47,000 a year on the contract signed on 22 May 2025. The previous contract, from April 2022, was AED 34,000; the unit has been rented since July 2018.
How big is unit 506?
535 sqft (49.7 sqm): a studio on the 5th floor of a 12-storey tower completed in 2017.
What is unit 506 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 506, Niloofar Tower
Starts from the last sale price (AED 1.02M, 13 January 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 1,020,971
- Deposit, UAE resident (20%)
- AED 204,194
- Deposit, non-resident (40%)
- AED 408,388
- Monthly over 25 years at 3.7%
- AED 4,177
Plus AED 47,891 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →