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2-bed · 1,601 sqftRigel Tower, Jumeirah Village Circle (JVC) · 4th floor · completed 2021

408, Rigel Tower

Sold prices and rental history: sold once, by the developer in March 2021, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 408 · DLD and Ejari recordsUpdated 20 January 2026
Last soldAED 850K4 March 2021
Current rentAED 105K /yr20 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 408, Rigel Tower

What is 408 worth today?

Last sold for AED 850,000 in 2021

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20 Jan 2026RentedRenewal
AED 105,000/yr12 months · AED 65 per sqft
20 Jan 2025RentedNew contract
AED 105,000/yr12 months · AED 65 per sqft
16 Jan 2023RentedNew contract
AED 95,000/yr12 months · AED 59 per sqft
15 Jan 2022RentedNew contract
AED 72,500/yr12 months · AED 45 per sqft
4 Mar 2021Sold by developerOff-plan
AED 850,000AED 530 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 20 January 2026.

Key facts

Type
2-bed apartment
Size
1,601 sqft
Floor
4th of 5
Parking
P117
Developer
Myra Real Estate Deveiopment
Completed
2021
Last sold
AED 850K · March 2021
Building
Rigel Tower

About 408, Rigel Tower

408 is a two-bedroom apartment of 1,601 sqft on the 4th 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 4 March 2021 for AED 850,000, or AED 530 per sqft, 37% below the AED 841 two-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, renewed on 20 January 2026, is AED 105,000 a year: a gross yield of 12.3% on the 2021 price.

Sales and rents for 408 over time

Sales
Unit 408, each saleTypical two-bed in Rigel Tower
800K1M202020222024Typical sale price by year: 2020 AED 775,000; 2021 AED 745,000; 2022 AED 800,000; 2023 AED 877,500; 2024 AED 1,090,000Sold by developer, March 2021: AED 850,000 (AED 530 per sqft)

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

Rents
Unit 408, each contractTypical two-bed in Rigel Tower
60K80K100K202120232025Typical rent by year: 2021 AED 65,000; 2022 AED 70,000; 2023 AED 75,000; 2024 AED 90,000; 2025 AED 95,500New contract, January 2022: AED 72,500 a yearNew contract, January 2023: AED 95,000 a yearNew contract, January 2025: AED 105,000 a yearRenewal, January 2026: AED 105,000 a year

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

2-beds in Rigel Tower, and where 408 sits

All 31 2-beds →

408 last sold in March 2021 at AED 530 per sqft, 37% below what two-beds in Rigel Tower were fetching at the time (AED 841).

Recent 2-bed salesUnit no.Price (AED)Summary
19 Dec 20241,080,000
26 Nov 20241,200,000
19 Sep 20241,000,000
4 Jun 20241,100,000
0 2-bed sales 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 4th floor

All 306 units in Rigel Tower
Value
4011-bedAED 825K · Aug 2024
402AED 560K · Oct 2025
4031-bedAED 625K · Nov 2020
4041-bedAED 875K · Oct 2024
4052-bedAED 662K · Dec 2020
4062-bedAED 800K · Mar 2021
4072-bedAED 750K · Jan 2021
1–7 of 45

408, Rigel Tower in numbers

  • Sold once: by Myra Real Estate Deveiopment on 4 March 2021 for AED 850,000, or AED 530 per sqft.
  • Rented since January 2022 on 4 Ejari contracts, from AED 72,500 to AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2021 price is 12.3%.

Source: YallaValue analysis of Dubai Land Department records. Updated 20 January 2026.

Questions about 408, Rigel Tower

What did unit 408 last sell for?

AED 850,000 on 4 March 2021, sold by the developer: AED 530 per sqft for 1,601 sqft. It is the only registered sale of the unit.

What is the rent for unit 408?

AED 105,000 a year on the contract renewed on 20 January 2026. The previous contract, from January 2025, was AED 105,000; the unit has been rented since January 2022.

How big is unit 408?

1,601 sqft (148.7 sqm): a two-bedroom apartment on the 4th floor of a 5-storey tower completed in 2021.

What is unit 408 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 408, Rigel Tower

Starts from the last sale price (AED 850K, 4 March 2021). Switch to today's estimate once you have unlocked it.
Price
AED 850,000
Deposit, UAE resident (20%)
AED 170,000
Deposit, non-resident (40%)
AED 340,000
Monthly over 25 years at 3.7%
AED 3,478

Plus AED 40,710 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →