706, Niloofar Tower
Sold prices and rental history: sold twice, last in October 2020, and rented once, from June 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 706, Niloofar Tower
What is 706 worth today?
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Source: Dubai Land Department. Updated 27 October 2020.
Key facts
- Type
- Studio apartment
- Size
- 535 sqft
- Floor
- 7th of 12
- Parking
- B3-11
- Developer
- RMG
- Completed
- 2017
- Service charge
- AED 9,800 /yr
- Last sold
- AED 385K · October 2020
- Building
- Niloofar Tower
About 706, Niloofar Tower
706 is a studio of 535 sqft on the 7th floor of Niloofar Tower, a 12-storey tower in Culture Village completed in 2017 by RMG. It last sold on 27 October 2020 for AED 385,000, or AED 720 per sqft, in line with the AED 734 studios in the building were fetching at the time.
One Ejari contract is registered, from 21 June 2018. The current contract, signed on 21 June 2018, is AED 40,000 a year: a gross yield of 10.4% on the 2020 price, before the service charge of about AED 9,800 a year.
Sales and rents for 706 over time
706 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 706 sits
All 24 studios →706 last sold in October 2020 at AED 720 per sqft, in line with what studios in Niloofar Tower were fetching at the time (AED 734).
| 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 | ||
| 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 | |
| 708 | 1-bed | 925 sqft | AED 550KAED 550,000 · Apr 2021April 2021 | 60,000 /yr |
706, Niloofar Tower in numbers
- Sold twice: first on 23 March 2016 for AED 481,086, last on 27 October 2020 for AED 385,000 (AED 720 per sqft).
- Rented since June 2018 on one Ejari contract, at AED 40,000 a year.
- At AED 40,000 a year the gross yield on the 2020 price is 10.4%, before a service charge of about AED 9,800 a year (AED 18.38 per sqft).
Source: Dubai Land Department. Updated 27 October 2020.
Questions about 706, Niloofar Tower
What did unit 706 last sell for?
AED 385,000 on 27 October 2020: AED 720 per sqft for 535 sqft. The unit has 2 registered sales; the first was AED 481,086 in March 2016.
What is the rent for unit 706?
AED 40,000 a year on the contract signed on 21 June 2018.
How big is unit 706?
535 sqft (49.7 sqm): a studio on the 7th floor of a 12-storey tower completed in 2017.
What is unit 706 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 706, Niloofar Tower
Starts from the last sale price (AED 385K, 27 October 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 385,000
- Deposit, UAE resident (20%)
- AED 77,000
- Deposit, non-resident (40%)
- AED 154,000
- Monthly over 25 years at 3.7%
- AED 1,575
Plus AED 19,080 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →