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1-bed · 851 sqftRigel Tower, Jumeirah Village Circle (JVC) · 5th floor · completed 2021

531, Rigel Tower

Sold prices and rental history: sold once, by the developer in November 2020, and rented once, from May 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 531 · DLD and Ejari recordsUpdated 5 May 2024
Last soldAED 670K29 November 2020
Current rentAED 90K /yr5 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 531, Rigel Tower

What is 531 worth today?

Last sold for AED 670,000 in 2020

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5 May 2024RentedNew contract
AED 89,503/yr6 months · AED 105 per sqft
29 Nov 2020Sold by developerOff-plan
AED 670,000AED 786 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 5 May 2024.

Key facts

Type
1-bed apartment
Size
851 sqft
Floor
5th of 5
Parking
P167
Developer
Myra Real Estate Deveiopment
Completed
2021
Last sold
AED 670K · November 2020
Building
Rigel Tower

About 531, Rigel Tower

531 is a one-bedroom apartment of 851 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 670,000, or AED 786 per sqft, 4% above the AED 759 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 5 May 2024. The current contract, signed on 5 May 2024, is AED 89,503 a year: a gross yield of 13.4% on the 2020 price.

Sales and rents for 531 over time

Sales
Unit 531, each saleTypical one-bed in Rigel Tower
500K1M20102014201820222026Typical sale price by year: 2010 AED 1,249,250; 2020 AED 630,000; 2021 AED 591,050; 2022 AED 682,500; 2023 AED 775,000; 2024 AED 840,000; 2025 AED 930,000Sold by developer, November 2020: AED 670,000 (AED 786 per sqft)

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

Rents
Unit 531, each contractTypical one-bed in Rigel Tower
60K80K2021202320252027Typical rent by year: 2021 AED 54,500; 2022 AED 58,000; 2023 AED 65,000; 2024 AED 73,000; 2025 AED 75,000; 2026 AED 76,000New contract, May 2024: AED 89,503 a year

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

1-beds in Rigel Tower, and where 531 sits

All 141 1-beds →

531 last sold in November 2020 at AED 786 per sqft, 4% above what one-beds in Rigel Tower were fetching at the time (AED 759). Over the last 12 months one-beds sold for AED 990,000, around AED 1,060 per sqft, and rent for AED 68,000 to 90,000 a year. 531's AED 89,503 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
23 Jan 2026990,000
30 Jul 2025930,000
21 Jul 2025880,000
1 Jul 2025949,000
1 1-bed sale 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

531, Rigel Tower in numbers

  • Sold once: by Myra Real Estate Deveiopment on 29 November 2020 for AED 670,000, or AED 786 per sqft.
  • Rented since May 2024 on one Ejari contract, at AED 89,503 a year.
  • At AED 89,503 a year the gross yield on the 2020 price is 13.4%.
  • One-beds in Rigel Tower sold for AED 990,000–990,000 in the 12 months to November 2026; the building's median across all types is AED 1,060 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 5 May 2024.

Questions about 531, Rigel Tower

What did unit 531 last sell for?

AED 670,000 on 29 November 2020, sold by the developer: AED 786 per sqft for 851 sqft. It is the only registered sale of the unit.

What is the rent for unit 531?

AED 89,503 a year on the contract signed on 5 May 2024.

How big is unit 531?

851 sqft (79.1 sqm): a one-bedroom apartment on the 5th floor of a 5-storey tower completed in 2021.

What is unit 531 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Rigel Tower sold for AED 990,000 to 990,000 in the last 12 months, around AED 1,060 per sqft.

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Mortgage on 531, Rigel Tower

Starts from the last sale price (AED 670K, 29 November 2020). Switch to today's estimate once you have unlocked it.
Price
AED 670,000
Deposit, UAE resident (20%)
AED 134,000
Deposit, non-resident (40%)
AED 268,000
Monthly over 25 years at 3.7%
AED 2,741

Plus AED 33,150 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →