3-bed · 635 sqftRiah Tower, Culture Village · 14th floor · completed 2016

1406, Riah Tower

Sold prices and rental history: sold twice, last in December 2020, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1406 · DLD and Ejari recordsUpdated 29 December 2020
Last soldAED 1.24M29 December 2020
Current rentAED 93K /yr1 August 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1406, Riah Tower

What is 1406 worth today?

Last sold for AED 1,240,984 in 2020

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29 Dec 2020SoldReady
AED 1,240,984AED 670 per sqft
1 Aug 2020RentedNew contract
AED 93,000/yr12 months · AED 51 per sqft
1 Aug 2019RentedNew contract
AED 100,000/yr12 months · AED 54 per sqft
18 Dec 2016Sold by developerOff-plan
AED 1,550,308AED 837 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 29 December 2020.

Key facts

Type
3-bed apartment
Size
635 sqft
Floor
14th of 16
Parking
B2-44 , B3-25
Developer
Radiant Star Properties
Completed
2016
Service charge
AED 8,800 /yr
Last sold
AED 1.24M · December 2020
Building
Riah Tower

About 1406, Riah Tower

1406 is a three-bedroom apartment of 635 sqft on the 14th floor of Riah Tower, a 16-storey tower in Culture Village completed in 2016 by Radiant Star Properties. It last sold on 29 December 2020 for AED 1,240,984, or AED 670 per sqft, 16% below the AED 800 three-beds in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 1 August 2020, is AED 93,000 a year: a gross yield of 7.5% on the 2020 price, before the service charge of about AED 8,800 a year.

Sales and rents for 1406 over time

Sales
Unit 1406, each saleTypical three-bed in Riah Tower
2M2016201920222025Typical sale price by year: 2016 AED 1,691,790; 2018 AED 2,492,168; 2019 AED 1,875,299; 2020 AED 1,565,392; 2021 AED 1,516,048; 2022 AED 1,570,771; 2023 AED 1,626,152; 2024 AED 1,985,000; 2025 AED 2,300,000Sold by developer, December 2016: AED 1,550,308 (AED 837 per sqft)Sold, December 2020: AED 1,240,984 (AED 670 per sqft)

1406 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1406, each contractTypical three-bed in Riah Tower
80K100K120K20182020202220242026Typical rent by year: 2018 AED 121,000; 2019 AED 125,000; 2020 AED 90,000; 2021 AED 87,000; 2022 AED 88,100; 2023 AED 101,500; 2024 AED 125,000; 2025 AED 130,000New contract, August 2019: AED 100,000 a yearNew contract, August 2020: AED 93,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Riah Tower, and where 1406 sits

All 44 3-beds →

1406 last sold in December 2020 at AED 670 per sqft, 16% below what three-beds in Riah Tower were fetching at the time (AED 800). Over the last 12 months three-beds sold for AED 2,000,000 to 2,600,000, around AED 1,085 per sqft, and rent for AED 118,000 to 150,000 a year. 1406's AED 93,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
8 May 20252,340,000
22 Apr 20252,300,000
12 Feb 20252,750,000
11 Feb 20252,050,000
3 3-bed sales in the last 12 months

Riah Tower

Building

156 apartments, studios to 3-bed over 16 floors in Culture Village, completed in 2016 by Radiant Star Properties. 6 sold in the last 12 months.

Typical price per sqft
AED 1,137
Typical sale
AED 1.8M
Typical rent
AED 105K /yr
Typical yield
6.2%
Riah Tower, Culture Village: prices, sales and rents →

Other units on the 14th floor

All 156 units in Riah Tower
Value
14012-bedAED 1.32M · Feb 2018
1402StudioAED 535K · Dec 2022
14032-bedAED 1.12M · Apr 2023
14041-bedAED 1.18M · Feb 2018
14051-bedAED 531K · Feb 2018
14071-bedAED 1.06M · Nov 2024
14082-bedAED 1.34M · May 2023
1–7 of 9

1406, Riah Tower in numbers

  • Sold twice: first on 18 December 2016 for AED 1,550,308, last on 29 December 2020 for AED 1,240,984 (AED 670 per sqft).
  • Rented since August 2019 on 2 Ejari contracts, from AED 100,000 to AED 93,000 a year.
  • At AED 93,000 a year the gross yield on the 2020 price is 7.5%, before a service charge of about AED 8,800 a year (AED 13.90 per sqft).
  • Three-beds in Riah Tower sold for AED 2,000,000–2,600,000 in the 12 months to November 2026; the building's median across all types is AED 1,137 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 29 December 2020.

Questions about 1406, Riah Tower

What did unit 1406 last sell for?

AED 1,240,984 on 29 December 2020: AED 670 per sqft for 635 sqft. The unit has 2 registered sales; the first was AED 1,550,308 in December 2016.

What is the rent for unit 1406?

AED 93,000 a year on the contract signed on 1 August 2020. The previous contract, from August 2019, was AED 100,000.

How big is unit 1406?

635 sqft (59.0 sqm): a three-bedroom apartment on the 14th floor of a 16-storey tower completed in 2016.

What is unit 1406 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Riah Tower sold for AED 2,000,000 to 2,600,000 in the last 12 months, around AED 1,085 per sqft.

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Mortgage on 1406, Riah Tower

Starts from the last sale price (AED 1.24M, 29 December 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,240,984
Deposit, UAE resident (20%)
AED 248,197
Deposit, non-resident (40%)
AED 496,394
Monthly over 25 years at 3.7%
AED 5,077

Plus AED 57,131 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →