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2-bed · 895 sqftRigel Tower, Jumeirah Village Circle (JVC) · 5th floor · completed 2021

516, Rigel Tower

Sold prices and rental history: sold once, by the developer in November 2020, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 516 · DLD and Ejari recordsUpdated 22 September 2025
Last soldAED 750K29 November 2020
Current rentAED 71K /yr22 September 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 516, Rigel Tower

What is 516 worth today?

Last sold for AED 750,000 in 2020

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22 Sep 2025RentedRenewal
AED 71,250/yr16 months · AED 80 per sqft
22 Sep 2024RentedNew contract
AED 90,000/yr12 months · AED 101 per sqft
22 Sep 2024RentedNew contract
AED 90,000/yr12 months · AED 101 per sqft
25 Jan 2023RentedNew contract
AED 70,000/yr12 months · AED 78 per sqft
28 Dec 2021RentedNew contract
AED 66,000/yr12 months · AED 74 per sqft
29 Nov 2020Sold by developerOff-plan
AED 750,000AED 838 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 22 September 2025.

Key facts

Type
2-bed apartment
Size
895 sqft
Floor
5th of 5
Parking
P162
Developer
Myra Real Estate Deveiopment
Completed
2021
Last sold
AED 750K · November 2020
Building
Rigel Tower

About 516, Rigel Tower

516 is a two-bedroom apartment of 895 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 29 November 2020 for AED 750,000, or AED 838 per sqft, in line with the AED 849 two-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 22 September 2025, is AED 71,250 a year: a gross yield of 9.5% on the 2020 price.

Sales and rents for 516 over time

Sales
Unit 516, 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 838 per sqft)

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

Rents
Unit 516, 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, December 2021: AED 66,000 a yearNew contract, January 2023: AED 70,000 a yearNew contract, September 2024: AED 90,000 a yearNew contract, September 2024: AED 90,000 a yearRenewal, September 2025: AED 71,250 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 516 sits

All 31 2-beds →

516 last sold in November 2020 at AED 838 per sqft, in line with what two-beds in Rigel Tower were fetching at the time (AED 849).

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
5052-bedAED 750K · Nov 2020
506AED 950K · Jan 2024
5072-bedAED 760K · Sep 2020
1–7 of 33

516, Rigel Tower in numbers

  • Sold once: by Myra Real Estate Deveiopment on 29 November 2020 for AED 750,000, or AED 838 per sqft.
  • Rented since December 2021 on 5 Ejari contracts, from AED 66,000 to AED 71,250 a year.
  • At AED 71,250 a year the gross yield on the 2020 price is 9.5%.

Source: YallaValue analysis of Dubai Land Department records. Updated 22 September 2025.

Questions about 516, Rigel Tower

What did unit 516 last sell for?

AED 750,000 on 29 November 2020, sold by the developer: AED 838 per sqft for 895 sqft. It is the only registered sale of the unit.

What is the rent for unit 516?

AED 71,250 a year on the contract renewed on 22 September 2025. The previous contract, from September 2024, was AED 90,000; the unit has been rented since December 2021.

How big is unit 516?

895 sqft (83.1 sqm): a two-bedroom apartment on the 5th floor of a 5-storey tower completed in 2021.

What is unit 516 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 516, Rigel Tower

Starts from the last sale price (AED 750K, 29 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 →