701, Niloofar Tower
Sold prices and rental history: sold twice, last in August 2021, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 701, Niloofar Tower
What is 701 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 11 August 2021.
Key facts
- Type
- 1-bed apartment
- Size
- 924 sqft
- Floor
- 7th of 12
- Parking
- B3-16
- Developer
- RMG
- Completed
- 2017
- Service charge
- AED 17,000 /yr
- Last sold
- AED 750K · August 2021
- Building
- Niloofar Tower
About 701, Niloofar Tower
701 is a one-bedroom apartment of 924 sqft on the 7th floor of Niloofar Tower, a 12-storey tower in Culture Village completed in 2017 by RMG. It last sold on 11 August 2021 for AED 750,000, or AED 811 per sqft, 9% above the AED 744 one-beds in the building were fetching at the time.
It has been rented since 2018 on 3 Ejari contracts. The current contract, renewed on 1 September 2020, is AED 57,000 a year: a gross yield of 7.6% on the 2021 price, before the service charge of about AED 17,000 a year.
Sales and rents for 701 over time
701 has sold twice; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Niloofar Tower, and where 701 sits
All 46 1-beds →701 last sold in August 2021 at AED 811 per sqft, 9% above what one-beds in Niloofar Tower were fetching at the time (AED 744). 701's AED 57,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 21 Feb 202221 February 2022 | 908 sqft | 598,220 | 658 | ||
| 29 Jun 202129 June 2021 | 917 sqft | 675,299 | 736 | ||
| 8 Jun 20218 June 2021 | 897 sqft | 675,000 | 752 | ||
| 15 Apr 202115 April 2021 | 925 sqft | 550,000 | 594 |
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 7th floor
All 93 units in Niloofar Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 702 | 2-bed | 1,280 sqft | AED 1.02MAED 1,024,032 · Dec 2017December 2017 | ||
| 703 | Studio | 653 sqft | AED 588KAED 588,132 · Jan 2018January 2018 | 48,000 /yr | |
| 704 | 1-bed | 1,081 sqft | AED 1.44MAED 1,435,594 · Nov 2014November 2014 | ||
| 705 | 1-bed | 1,059 sqft | AED 953KAED 952,956 · Mar 2016March 2016 | 58,000 /yr | |
| 706 | Studio | 535 sqft | AED 385KAED 385,000 · Oct 2020October 2020 | 40,000 /yr | |
| 708 | 1-bed | 925 sqft | AED 550KAED 550,000 · Apr 2021April 2021 | 60,000 /yr |
701, Niloofar Tower in numbers
- Sold twice: first on 27 November 2011 for AED 1,814,500, last on 11 August 2021 for AED 750,000 (AED 811 per sqft).
- Rented since February 2018 on 3 Ejari contracts, from AED 65,000 to AED 57,000 a year.
- At AED 57,000 a year the gross yield on the 2021 price is 7.6%, before a service charge of about AED 17,000 a year (AED 18.38 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 11 August 2021.
Questions about 701, Niloofar Tower
What did unit 701 last sell for?
AED 750,000 on 11 August 2021: AED 811 per sqft for 924 sqft. The unit has 2 registered sales; the first was AED 1,814,500 in November 2011.
What is the rent for unit 701?
AED 57,000 a year on the contract renewed on 1 September 2020. The previous contract, from September 2019, was AED 60,000; the unit has been rented since February 2018.
How big is unit 701?
924 sqft (85.8 sqm): a one-bedroom apartment on the 7th floor of a 12-storey tower completed in 2017.
What is unit 701 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 701, Niloofar Tower
Starts from the last sale price (AED 750K, 11 August 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 750,000
- Deposit, UAE resident (20%)
- AED 150,000
- Deposit, non-resident (40%)
- AED 300,000
- Monthly over 25 years at 3.7%
- AED 3,068
Plus AED 36,510 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →