516, Parkviews Rawda Apartments
Sold prices and rental history: sold once, by the developer in October 2020, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 516, Parkviews Rawda Apartments
What is 516 worth today?
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Source: Dubai Land Department. Updated 1 July 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 992 sqft
- Floor
- 5th of 12
- Parking
- P-218
- Developer
- Nshama Properties
- Completed
- 2020
- Service charge
- AED 16,100 /yr
- Last sold
- AED 949K · October 2020
- Building
- Parkviews Rawda Apartments
About 516, Parkviews Rawda Apartments
516 is a two-bedroom apartment of 992 sqft on the 5th floor of Parkviews Rawda Apartments, a 12-storey tower in Town Square completed in 2020 by Nshama Properties. The developer sold it on 6 October 2020 for AED 948,888, or AED 956 per sqft, 4% below the AED 994 two-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 1 July 2024, is AED 66,000 a year: a gross yield of 7.0% on the 2020 price, before the service charge of about AED 16,100 a year.
Sales and rents for 516 over time
516 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Parkviews Rawda Apartments, and where 516 sits
All 114 2-beds →516 last sold in October 2020 at AED 956 per sqft, 4% below what two-beds in Parkviews Rawda Apartments were fetching at the time (AED 994). Over the last 12 months two-beds sold for AED 1,220,000 to 1,525,000, around AED 1,280 per sqft, and rent for AED 59,000 to 150,000 a year. 516's AED 66,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 13 Feb 202613 February 2026 | 928 sqft | 1,400,000 | 1,508 | ||
| 11 Feb 202611 February 2026 | 953 sqft | 1,220,000 | 1,280 | ||
| 12 Dec 202512 December 2025 | 1,143 sqft | 1,220,000 | 1,067 | ||
| 12 Dec 202512 December 2025 | 1,608 sqft | 1,525,000 | 948 |
Parkviews Rawda Apartments
Building204 apartments, 1-bed to 3-bed over 12 floors in Town Square, completed in 2020 by Nshama Properties. 11 sold in the last 12 months.
- Typical price per sqft
- AED 1,280 Up 4.5%
- Typical sale
- AED 1.22M
- Typical rent
- AED 92K /yr
- Typical yield
- 6.7%
Other units on the 5th floor
All 204 units in Parkviews Rawda Apartments| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 803 sqft | AED 781KAED 780,888 · Aug 2020August 2020 | 55,000 /yr | |
| 502 | 1-bed | 710 sqft | AED 940KAED 940,000 · Feb 2026February 2026 | 65,000 /yr | |
| 503 | 1,497 sqft | AED 2.1MAED 2,100,000 · Sep 2025September 2025 | 90,000 /yr | ||
| 504 | 3-bed | 1,520 sqft | AED 1.78MAED 1,780,000 · Nov 2024November 2024 | 93,500 /yr | |
| 505 | 3-bed | 1,584 sqft | AED 2.35MAED 2,350,000 · Feb 2026February 2026 | 70,000 /yr | |
| 506 | 2-bed | 933 sqft | AED 1.01MAED 1,006,888 · Aug 2020August 2020 | 100,000 /yr | |
| 507 | 2-bed | 954 sqft | AED 991KAED 990,888 · Jan 2023January 2023 | 75,000 /yr | |
| 508 | 1-bed | 687 sqft | AED 820KAED 820,000 · Jan 2025January 2025 | 70,000 /yr | |
| 509 | 1-bed | 809 sqft | AED 850KAED 850,000 · Feb 2026February 2026 | 57,000 /yr | |
| 510 | 2-bed | 954 sqft | AED 1.33MAED 1,325,888 · Jan 2025January 2025 | 80,000 /yr | |
| 511 | 2-bed | 1,050 sqft | AED 850KAED 850,000 · Oct 2024October 2024 | 57,750 /yr | |
| 512 | 2-bed | 1,030 sqft | AED 1.02MAED 1,020,888 · Aug 2020August 2020 | 90,000 /yr | |
| 513 | 935 sqft | AED 1.32MAED 1,322,888 · Jul 2025July 2025 | 90,000 /yr | ||
| 514 | 2-bed | 933 sqft | AED 996KAED 995,888 · Jan 2024January 2024 | ||
| 515 | 2-bed | 947 sqft | AED 941KAED 940,888 · Sep 2020September 2020 | 85,000 /yr | |
| 517 | 2-bed | 1,144 sqft | AED 1.08MAED 1,079,888 · Aug 2020August 2020 | 72,000 /yr |
516, Parkviews Rawda Apartments in numbers
- Sold once: by Nshama Properties on 6 October 2020 for AED 948,888, or AED 956 per sqft.
- Rented since December 2020 on 5 Ejari contracts, from AED 45,000 to AED 66,000 a year.
- At AED 66,000 a year the gross yield on the 2020 price is 7.0%, before a service charge of about AED 16,100 a year (AED 16.27 per sqft).
- Two-beds in Parkviews Rawda Apartments sold for AED 1,220,000–1,525,000 in the 12 months to November 2026; the building's median across all types is AED 1,280 per sqft.
Source: Dubai Land Department. Updated 1 July 2024.
Questions about 516, Parkviews Rawda Apartments
What did unit 516 last sell for?
AED 948,888 on 6 October 2020, sold by the developer: AED 956 per sqft for 992 sqft. It is the only registered sale of the unit.
What is the rent for unit 516?
AED 66,000 a year on the contract renewed on 1 July 2024. The previous contract, from July 2023, was AED 60,000; the unit has been rented since December 2020.
How big is unit 516?
992 sqft (92.2 sqm): a two-bedroom apartment on the 5th floor of a 12-storey tower completed in 2020.
What is unit 516 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Parkviews Rawda Apartments sold for AED 1,220,000 to 1,525,000 in the last 12 months, around AED 1,280 per sqft.
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Mortgage on 516, Parkviews Rawda Apartments
Starts from the last sale price (AED 949K, 6 October 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 948,888
- Deposit, UAE resident (20%)
- AED 189,778
- Deposit, non-resident (40%)
- AED 379,555
- Monthly over 25 years at 3.7%
- AED 3,882
Plus AED 44,864 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →