1-bed · 847 sqftRigel Tower, Jumeirah Village Circle (JVC) · 3rd floor · completed 2021

340, Rigel Tower

Sold prices and rental history: sold once, by the developer in September 2021, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 340 · DLD and Ejari recordsUpdated 1 July 2024
Last soldAED 500K12 September 2021
Current rentAED 63K /yr1 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 340, Rigel Tower

What is 340 worth today?

Last sold for AED 500,000 in 2021

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1 Jul 2024RentedRenewal
AED 63,000/yr12 months · AED 74 per sqft
20 Sep 2023RentedRenewal
AED 41,400/yr12 months · AED 49 per sqft
1 Jul 2023RentedNew contract
AED 60,000/yr12 months · AED 71 per sqft
20 Sep 2022RentedRenewal
AED 52,000/yr12 months · AED 61 per sqft
20 Sep 2021RentedNew contract
AED 57,000/yr12 months · AED 67 per sqft
12 Sep 2021Sold by developerReady
AED 500,000AED 590 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 July 2024.

Key facts

Type
1-bed apartment
Size
847 sqft
Floor
3rd of 5
Parking
P78
Developer
Myra Real Estate Deveiopment
Completed
2021
Last sold
AED 500K · September 2021
Building
Rigel Tower

About 340, Rigel Tower

340 is a one-bedroom apartment of 847 sqft on the 3rd floor of Rigel Tower, a 5-storey tower in Jumeirah Village Circle (JVC) completed in 2021 by Myra Real Estate Deveiopment. The developer sold it on 12 September 2021 for AED 500,000, or AED 590 per sqft, 17% below the AED 710 one-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, renewed on 1 July 2024, is AED 63,000 a year: a gross yield of 12.6% on the 2021 price.

Sales and rents for 340 over time

Sales
Unit 340, each saleTypical one-bed in Rigel Tower
500K1M20102014201820222026Typical sale price by year: 2010 AED 1,249,250; 2020 AED 630,000; 2021 AED 591,050; 2022 AED 682,500; 2023 AED 775,000; 2024 AED 840,000; 2025 AED 930,000Sold by developer, September 2021: AED 500,000 (AED 590 per sqft)

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

Rents
Unit 340, each contractTypical one-bed in Rigel Tower
40K60K80K2021202320252027Typical rent by year: 2021 AED 54,500; 2022 AED 58,000; 2023 AED 65,000; 2024 AED 73,000; 2025 AED 75,000; 2026 AED 76,000New contract, September 2021: AED 57,000 a yearRenewal, September 2022: AED 52,000 a yearNew contract, July 2023: AED 60,000 a yearRenewal, September 2023: AED 41,400 a yearRenewal, July 2024: AED 63,000 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 Rigel Tower, and where 340 sits

All 141 1-beds →

340 last sold in September 2021 at AED 590 per sqft, 17% below what one-beds in Rigel Tower were fetching at the time (AED 710). Over the last 12 months one-beds sold for AED 990,000, around AED 1,060 per sqft, and rent for AED 68,000 to 90,000 a year. 340's AED 63,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
23 Jan 2026990,000
30 Jul 2025930,000
21 Jul 2025880,000
1 Jul 2025949,000
1 1-bed sale in the last 12 months

Rigel Tower

Building

306 apartments, studios to 4-bed over 5 floors in Jumeirah Village Circle (JVC), completed in 2021 by Myra Real Estate Deveiopment. 1 sold in the last 12 months.

Typical price per sqft
AED 1,060
Typical sale
AED 990K
Typical rent
AED 76K /yr
Typical yield
8.8%
Rigel Tower, Jumeirah Village Circle (JVC): prices, sales and rents →

Other units on the 3rd floor

All 306 units in Rigel Tower
Value
3011-bedAED 640K · Mar 2021
302StudioAED 394K · Mar 2020
3031-bedAED 700K · Jul 2020
3041-bedAED 580K · Mar 2021
3051-bedAED 548K · Mar 2021
3061-bedAED 624K · Sep 2020
3071-bedAED 610K · Oct 2020
1–7 of 70

340, Rigel Tower in numbers

  • Sold once: by Myra Real Estate Deveiopment on 12 September 2021 for AED 500,000, or AED 590 per sqft.
  • Rented since September 2021 on 5 Ejari contracts. The rent fell from AED 57,000 to AED 41,400 in 2023 and recovered to AED 63,000 by July 2024.
  • At AED 63,000 a year the gross yield on the 2021 price is 12.6%.
  • One-beds in Rigel Tower sold for AED 990,000–990,000 in the 12 months to November 2026; the building's median across all types is AED 1,060 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 1 July 2024.

Questions about 340, Rigel Tower

What did unit 340 last sell for?

AED 500,000 on 12 September 2021, sold by the developer: AED 590 per sqft for 847 sqft. It is the only registered sale of the unit.

What is the rent for unit 340?

AED 63,000 a year on the contract renewed on 1 July 2024. The previous contract, from September 2023, was AED 41,400; the unit has been rented since September 2021.

How big is unit 340?

847 sqft (78.7 sqm): a one-bedroom apartment on the 3rd floor of a 5-storey tower completed in 2021.

What is unit 340 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Rigel Tower sold for AED 990,000 to 990,000 in the last 12 months, around AED 1,060 per sqft.

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Mortgage on 340, Rigel Tower

Starts from the last sale price (AED 500K, 12 September 2021). Switch to today's estimate once you have unlocked it.
Price
AED 500,000
Deposit, UAE resident (20%)
AED 100,000
Deposit, non-resident (40%)
AED 200,000
Monthly over 25 years at 3.7%
AED 2,046

Plus AED 26,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →