703, Niloofar Tower
Sold prices and rental history: sold once, by the developer in January 2018, 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 703, Niloofar Tower
What is 703 worth today?
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Source: Dubai Land Department. Updated 1 June 2025.
Key facts
- Type
- Studio apartment
- Size
- 653 sqft
- Floor
- 7th of 12
- Parking
- B3-14
- Developer
- RMG
- Completed
- 2017
- Service charge
- AED 12,000 /yr
- Last sold
- AED 588K · January 2018
- Building
- Niloofar Tower
About 703, Niloofar Tower
703 is a studio of 653 sqft on the 7th floor of Niloofar Tower, a 12-storey tower in Culture Village completed in 2017 by RMG. The developer sold it on 9 January 2018 for AED 588,132, or AED 900 per sqft, 20% above the AED 750 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 1 June 2025, is AED 48,000 a year: a gross yield of 8.2% on the 2018 price, before the service charge of about AED 12,000 a year.
Sales and rents for 703 over time
703 has sold once; 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 703 sits
All 24 studios →703 last sold in January 2018 at AED 900 per sqft, 20% above what studios in Niloofar Tower were fetching at the time (AED 750).
| 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 7th floor
All 93 units in Niloofar Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 1-bed | 924 sqft | AED 750KAED 750,000 · Aug 2021August 2021 | 57,000 /yr | |
| 702 | 2-bed | 1,280 sqft | AED 1.02MAED 1,024,032 · Dec 2017December 2017 | ||
| 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 |
703, Niloofar Tower in numbers
- Sold once: by RMG on 9 January 2018 for AED 588,132, or AED 900 per sqft.
- Rented since June 2018 on 5 Ejari contracts. The rent fell from AED 42,000 to AED 30,000 in 2020 and recovered to AED 48,000 by June 2025.
- At AED 48,000 a year the gross yield on the 2018 price is 8.2%, before a service charge of about AED 12,000 a year (AED 18.38 per sqft).
Source: Dubai Land Department. Updated 1 June 2025.
Questions about 703, Niloofar Tower
What did unit 703 last sell for?
AED 588,132 on 9 January 2018, sold by the developer: AED 900 per sqft for 653 sqft. It is the only registered sale of the unit.
What is the rent for unit 703?
AED 48,000 a year on the contract signed on 1 June 2025. The previous contract, from May 2025, was AED 48,000; the unit has been rented since June 2018.
How big is unit 703?
653 sqft (60.7 sqm): a studio on the 7th floor of a 12-storey tower completed in 2017.
What is unit 703 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 703, Niloofar Tower
Starts from the last sale price (AED 588K, 9 January 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 588,132
- Deposit, UAE resident (20%)
- AED 117,626
- Deposit, non-resident (40%)
- AED 235,253
- Monthly over 25 years at 3.7%
- AED 2,406
Plus AED 29,711 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →