1-bed · 945 sqftRiah Tower, Culture Village · 5th floor · completed 2016

504, Riah Tower

Sold prices and rental history: sold twice, last in November 2023, and rented once, from September 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 504 · DLD and Ejari recordsUpdated 8 November 2023
Last soldAED 880K8 November 2023
Current rentAED 47K /yr5 September 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 504, Riah Tower

What is 504 worth today?

Last sold for AED 880,000 in 2023

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8 Nov 2023SoldReady
AED 880,000AED 931 per sqft
5 Sep 2021RentedNew contract
AED 47,000/yr13 months · AED 50 per sqft
17 Jul 2018Sold by developerReady
AED 1,227,902AED 1,300 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 8 November 2023.

Key facts

Type
1-bed apartment
Size
945 sqft
Floor
5th of 16
Parking
B4-49
Developer
Radiant Star Properties
Completed
2016
Service charge
AED 13,100 /yr
Last sold
AED 880K · November 2023
Building
Riah Tower

About 504, Riah Tower

504 is a one-bedroom apartment of 945 sqft on the 5th floor of Riah Tower, a 16-storey tower in Culture Village completed in 2016 by Radiant Star Properties. It last sold on 8 November 2023 for AED 880,000, or AED 931 per sqft, in line with the AED 926 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 5 September 2021. The current contract, signed on 5 September 2021, is AED 47,000 a year: a gross yield of 5.3% on the 2023 price, before the service charge of about AED 13,100 a year.

Sales and rents for 504 over time

Sales
Unit 504, each saleTypical one-bed in Riah Tower
800K1M1.2M2016201920222025Typical sale price by year: 2016 AED 793,411; 2017 AED 1,019,652; 2018 AED 1,050,980; 2019 AED 941,010; 2022 AED 797,743; 2023 AED 875,000; 2024 AED 905,000Sold by developer, July 2018: AED 1,227,902 (AED 1,300 per sqft)Sold, November 2023: AED 880,000 (AED 931 per sqft)

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

Rents
Unit 504, each contractTypical one-bed in Riah Tower
60K80K20182020202220242026Typical rent by year: 2018 AED 69,000; 2019 AED 62,000; 2020 AED 50,000; 2021 AED 47,000; 2022 AED 51,000; 2023 AED 55,000; 2024 AED 66,958; 2025 AED 75,000New contract, September 2021: AED 47,000 a year

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

1-beds in Riah Tower, and where 504 sits

All 43 1-beds →

504 last sold in November 2023 at AED 931 per sqft, in line with what one-beds in Riah Tower were fetching at the time (AED 926). Over the last 12 months one-beds sold for AED 1,350,000, around AED 1,219 per sqft, and rent for AED 65,000 to 85,000 a year. 504's AED 47,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
25 Jun 20251,050,000
7 May 20251,130,000
15 Nov 20241,060,000
23 Oct 2024950,000
1 1-bed sale 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 5th floor

All 156 units in Riah Tower
Value
5012-bedAED 1.3M · Mar 2023
502StudioAED 612K · Jan 2020
5032-bedAED 1.3M · Nov 2022
5051-bedAED 817K · Oct 2023
5063-bedAED 1.48M · Jul 2024
5071-bedAED 886K · Jul 2024
5082-bedAED 1.09M · Mar 2022
1–7 of 9

504, Riah Tower in numbers

  • Sold twice: first on 17 July 2018 for AED 1,227,902, last on 8 November 2023 for AED 880,000 (AED 931 per sqft).
  • Rented since September 2021 on one Ejari contract, at AED 47,000 a year.
  • At AED 47,000 a year the gross yield on the 2023 price is 5.3%, before a service charge of about AED 13,100 a year (AED 13.90 per sqft).
  • One-beds in Riah Tower sold for AED 1,350,000–1,350,000 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 8 November 2023.

Questions about 504, Riah Tower

What did unit 504 last sell for?

AED 880,000 on 8 November 2023: AED 931 per sqft for 945 sqft. The unit has 2 registered sales; the first was AED 1,227,902 in July 2018.

What is the rent for unit 504?

AED 47,000 a year on the contract signed on 5 September 2021.

How big is unit 504?

945 sqft (87.8 sqm): a one-bedroom apartment on the 5th floor of a 16-storey tower completed in 2016.

What is unit 504 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Riah Tower sold for AED 1,350,000 to 1,350,000 in the last 12 months, around AED 1,219 per sqft.

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Mortgage on 504, Riah Tower

Starts from the last sale price (AED 880K, 8 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 880,000
Deposit, UAE resident (20%)
AED 176,000
Deposit, non-resident (40%)
AED 352,000
Monthly over 25 years at 3.7%
AED 3,600

Plus AED 41,970 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →