2-bed · 888 sqftRigel Tower, Jumeirah Village Circle (JVC) · 5th floor · completed 2021

505, Rigel Tower

Sold prices and rental history: sold once, by the developer in November 2020, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 505 · DLD and Ejari recordsUpdated 1 November 2020
Last soldAED 750K1 November 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 505, Rigel Tower

What is 505 worth today?

Last sold for AED 750,000 in 2020

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1 Nov 2020Sold by developerOff-plan
AED 750,000AED 844 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 November 2020.

Key facts

Type
2-bed apartment
Size
888 sqft
Floor
5th of 5
Parking
P128
Developer
Myra Real Estate Deveiopment
Completed
2021
Last sold
AED 750K · November 2020
Building
Rigel Tower

About 505, Rigel Tower

505 is a two-bedroom apartment of 888 sqft on the 5th 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 1 November 2020 for AED 750,000, or AED 844 per sqft, in line with the AED 865 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 505 over time

Sales
Unit 505, 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, November 2020: AED 750,000 (AED 844 per sqft)

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

Rents
Unit 505, 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 95,500

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 505 sits

All 31 2-beds →

505 last sold in November 2020 at AED 844 per sqft, in line with what two-beds in Rigel Tower were fetching at the time (AED 865).

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 5th floor

All 306 units in Rigel Tower
Value
5011-bedAED 840K · Oct 2023
502StudioAED 394K · Jul 2020
5031-bedAED 750K · Sep 2023
504AED 955K · Oct 2025
506AED 950K · Jan 2024
5072-bedAED 760K · Sep 2020
5082-bedAED 1.2M · Nov 2024
1–7 of 33

505, Rigel Tower in numbers

  • Sold once: by Myra Real Estate Deveiopment on 1 November 2020 for AED 750,000, or AED 844 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 1 November 2020.

Questions about 505, Rigel Tower

What did unit 505 last sell for?

AED 750,000 on 1 November 2020, sold by the developer: AED 844 per sqft for 888 sqft. It is the only registered sale of the unit.

How big is unit 505?

888 sqft (82.5 sqm): a two-bedroom apartment on the 5th floor of a 5-storey tower completed in 2021.

What is unit 505 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 505, Rigel Tower

Starts from the last sale price (AED 750K, 1 November 2020). Switch to today's estimate once you have unlocked it.
Price
AED 750,000
Deposit, UAE resident (20%)
AED 150,000
Deposit, non-resident (40%)
AED 300,000
Monthly over 25 years at 3.7%
AED 3,068

Plus AED 36,510 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →