2-bed · 1,093 sqftRigel Tower, Jumeirah Village Circle (JVC) · 4th floor · completed 2021

414, Rigel Tower

Sold prices and rental history: sold once, by the developer in October 2020, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 414 · DLD and Ejari recordsUpdated 1 June 2024
Last soldAED 986K19 October 2020
Current rentAED 75K /yr1 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 414, Rigel Tower

What is 414 worth today?

Last sold for AED 985,810 in 2020

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1 Jun 2024RentedRenewal
AED 75,000/yr12 months · AED 68 per sqft
1 Jun 2023RentedNew contract
AED 75,000/yr12 months · AED 68 per sqft
20 Feb 2022RentedNew contract
AED 67,000/yr12 months · AED 61 per sqft
19 Oct 2020Sold by developerOff-plan
AED 985,810AED 901 per sqft

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

Key facts

Type
2-bed apartment
Size
1,093 sqft
Floor
4th of 5
Parking
P99
Developer
Myra Real Estate Deveiopment
Completed
2021
Last sold
AED 986K · October 2020
Building
Rigel Tower

About 414, Rigel Tower

414 is a two-bedroom apartment of 1,093 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 19 October 2020 for AED 985,810, or AED 901 per sqft, 4% above the AED 866 two-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 1 June 2024, is AED 75,000 a year: a gross yield of 7.6% on the 2020 price.

Sales and rents for 414 over time

Sales
Unit 414, 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, October 2020: AED 985,810 (AED 901 per sqft)

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

Rents
Unit 414, 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, February 2022: AED 67,000 a yearNew contract, June 2023: AED 75,000 a yearRenewal, June 2024: AED 75,000 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 414 sits

All 31 2-beds →

414 last sold in October 2020 at AED 901 per sqft, 4% above what two-beds in Rigel Tower were fetching at the time (AED 866).

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

414, Rigel Tower in numbers

  • Sold once: by Myra Real Estate Deveiopment on 19 October 2020 for AED 985,810, or AED 901 per sqft.
  • Rented since February 2022 on 3 Ejari contracts, from AED 67,000 to AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2020 price is 7.6%.

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

Questions about 414, Rigel Tower

What did unit 414 last sell for?

AED 985,810 on 19 October 2020, sold by the developer: AED 901 per sqft for 1,093 sqft. It is the only registered sale of the unit.

What is the rent for unit 414?

AED 75,000 a year on the contract renewed on 1 June 2024. The previous contract, from June 2023, was AED 75,000; the unit has been rented since February 2022.

How big is unit 414?

1,093 sqft (101.5 sqm): a two-bedroom apartment on the 4th floor of a 5-storey tower completed in 2021.

What is unit 414 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 414, Rigel Tower

Starts from the last sale price (AED 986K, 19 October 2020). Switch to today's estimate once you have unlocked it.
Price
AED 985,810
Deposit, UAE resident (20%)
AED 197,162
Deposit, non-resident (40%)
AED 394,324
Monthly over 25 years at 3.7%
AED 4,033

Plus AED 46,414 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →