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2-bed · 1,029 sqftRigel Tower, Jumeirah Village Circle (JVC) · 5th floor · completed 2021

508, Rigel Tower

Sold prices and rental history: sold twice, last in November 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 508 · DLD and Ejari recordsUpdated 26 November 2024
Last soldAED 1.2M26 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 508, Rigel Tower

What is 508 worth today?

Last sold for AED 1,200,000 in 2024

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26 Nov 2024SoldReady
AED 1,200,000AED 1,166 per sqft
26 Nov 2020Sold by developerOff-plan
AED 845,989AED 822 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 26 November 2024.

Key facts

Type
2-bed apartment
Size
1,029 sqft
Floor
5th of 5
Parking
P131
Developer
Myra Real Estate Deveiopment
Completed
2021
Last sold
AED 1.2M · November 2024
Building
Rigel Tower

About 508, Rigel Tower

508 is a two-bedroom apartment of 1,029 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. It last sold on 26 November 2024 for AED 1,200,000, or AED 1,166 per sqft, 9% above the AED 1,067 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 508 over time

Sales
Unit 508, each saleTypical two-bed in Rigel Tower
750K1M1.25M202020222024Typical 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 845,989 (AED 822 per sqft)Sold, November 2024: AED 1,200,000 (AED 1,166 per sqft)

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

Rents
Unit 508, 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 508 sits

All 31 2-beds →

508 last sold in November 2024 at AED 1,166 per sqft, 9% above what two-beds in Rigel Tower were fetching at the time (AED 1,067).

Recent 2-bed salesUnit no.Price (AED)Summary
19 Dec 20241,080,000
19 Sep 20241,000,000
4 Jun 20241,100,000
30 Nov 2023850,000
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
5052-bedAED 750K · Nov 2020
506AED 950K · Jan 2024
5072-bedAED 760K · Sep 2020
1–7 of 33

508, Rigel Tower in numbers

  • Sold twice: first on 26 November 2020 for AED 845,989, last on 26 November 2024 for AED 1,200,000 (AED 1,166 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 26 November 2024.

Questions about 508, Rigel Tower

What did unit 508 last sell for?

AED 1,200,000 on 26 November 2024: AED 1,166 per sqft for 1,029 sqft. The unit has 2 registered sales; the first was AED 845,989 in November 2020.

How big is unit 508?

1,029 sqft (95.6 sqm): a two-bedroom apartment on the 5th floor of a 5-storey tower completed in 2021.

What is unit 508 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 508, Rigel Tower

Starts from the last sale price (AED 1.2M, 26 November 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,200,000
Deposit, UAE resident (20%)
AED 240,000
Deposit, non-resident (40%)
AED 480,000
Monthly over 25 years at 3.7%
AED 4,910

Plus AED 55,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →