3-bed · 1,923 sqftAl Ghaf 1, Arjan · 6th floor

607, Al Ghaf 1

Sold prices and rental history: sold 3 times, last in May 2023, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 607 · DLD and Ejari recordsUpdated 17 May 2023
Last soldAED 2.4M17 May 2023
Current rentAED 122K /yr23 April 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 607, Al Ghaf 1

What is 607 worth today?

Last sold for AED 2,400,000 in 2023

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17 May 2023SoldReady
AED 2,400,000AED 1,247 per sqft
23 Apr 2020RentedNew contract
AED 122,000/yr12 months · AED 63 per sqft
16 Apr 2019RentedRenewal
AED 145,391/yr12 months · AED 75 per sqft
16 Apr 2018RentedRenewal
AED 155,000/yr12 months · AED 80 per sqft
16 Apr 2017RentedNew contract
AED 155,000/yr12 months · AED 80 per sqft
24 Jul 2016SoldReady
AED 2,275,000AED 1,182 per sqft
20 Mar 2016RentedNew contract
AED 200,000/yr12 months · AED 104 per sqft
13 Feb 2008Sold by developerReady
AED 933,800AED 485 per sqft

Source: Dubai Land Department. Updated 17 May 2023.

Key facts

Type
3-bed apartment
Size
1,923 sqft
Floor
6th of 6
Parking
B-3,B-4
Service charge
AED 23,900 /yr
Last sold
AED 2.4M · May 2023
Building
Al Ghaf 1

About 607, Al Ghaf 1

607 is a three-bedroom apartment of 1,923 sqft on the 6th floor of Al Ghaf 1, a 6-storey tower in Arjan. It last sold on 17 May 2023 for AED 2,400,000, or AED 1,247 per sqft, 25% above the AED 999 three-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, signed on 23 April 2020, is AED 122,000 a year: a gross yield of 5.1% on the 2023 price, before the service charge of about AED 23,900 a year.

Sales and rents for 607 over time

Sales
Unit 607, each saleTypical three-bed in Al Ghaf 1
1M2M2008201320182023Typical sale price by year: 2008 AED 660,800; 2009 AED 670,800; 2010 AED 1,470,000; 2013 AED 1,750,000; 2024 AED 1,105,000; 2025 AED 1,145,000Sold by developer, February 2008: AED 933,800 (AED 485 per sqft)Sold, July 2016: AED 2,275,000 (AED 1,182 per sqft)Sold, May 2023: AED 2,400,000 (AED 1,247 per sqft)

607 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 607, each contractTypical three-bed in Al Ghaf 1
100K200K2012201620202024Typical rent by year: 2012 AED 115,000; 2013 AED 130,000; 2014 AED 157,500; 2015 AED 155,000; 2016 AED 156,301; 2017 AED 148,000; 2018 AED 135,000; 2019 AED 130,000; 2020 AED 120,000; 2021 AED 82,000; 2022 AED 52,079; 2023 AED 107,525; 2024 AED 128,238; 2025 AED 148,836; 2026 AED 118,139New contract, March 2016: AED 200,000 a yearNew contract, April 2017: AED 155,000 a yearRenewal, April 2018: AED 155,000 a yearRenewal, April 2019: AED 145,391 a yearNew contract, April 2020: AED 122,000 a year

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

3-beds in Al Ghaf 1, and where 607 sits

All 22 3-beds →

607 last sold in May 2023 at AED 1,247 per sqft, 25% above what three-beds in Al Ghaf 1 were fetching at the time (AED 999). Over the last 12 months three-beds sold for AED 1,150,000 to 3,360,000, around AED 1,584 per sqft, and rent for AED 67,485 to 210,000 a year. 607's AED 122,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
11 Sep 20263,360,000
16 Mar 20261,150,000
23 Jun 20252,735,000
7 Apr 20252,900,000
2 3-bed sales in the last 12 months

Al Ghaf 1

Building

126 apartments, studios to 4-bed over 6 floors in Arjan. 10 sold in the last 12 months.

Typical price per sqft
AED 1,444 Up 7.8%
Typical sale
AED 619K
Typical rent
AED 60K /yr
Typical yield
7.3%
Al Ghaf 1, Arjan: prices, sales and rents →

Other units on the 6th floor

All 126 units in Al Ghaf 1
Value
6083-bedAED 890K · Jul 2008

607, Al Ghaf 1 in numbers

  • Sold 3 times: first on 13 February 2008 for AED 933,800, last on 17 May 2023 for AED 2,400,000 (AED 1,247 per sqft).
  • Rented since March 2016 on 5 Ejari contracts, from AED 200,000 to AED 122,000 a year.
  • At AED 122,000 a year the gross yield on the 2023 price is 5.1%, before a service charge of about AED 23,900 a year (AED 12.41 per sqft).
  • Three-beds in Al Ghaf 1 sold for AED 1,150,000–3,360,000 in the 12 months to November 2026; the building's median across all types is AED 1,444 per sqft.

Source: Dubai Land Department. Updated 17 May 2023.

Questions about 607, Al Ghaf 1

What did unit 607 last sell for?

AED 2,400,000 on 17 May 2023: AED 1,247 per sqft for 1,923 sqft. The unit has 3 registered sales; the first was AED 933,800 in February 2008.

What is the rent for unit 607?

AED 122,000 a year on the contract signed on 23 April 2020. The previous contract, from April 2019, was AED 145,391; the unit has been rented since March 2016.

How big is unit 607?

1,923 sqft (178.7 sqm): a three-bedroom apartment on the 6th floor of a 6-storey tower.

What is unit 607 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Al Ghaf 1 sold for AED 1,150,000 to 3,360,000 in the last 12 months, around AED 1,584 per sqft.

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Mortgage on 607, Al Ghaf 1

Starts from the last sale price (AED 2.4M, 17 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,400,000
Deposit, UAE resident (20%)
AED 480,000
Deposit, non-resident (40%)
AED 960,000
Monthly over 25 years at 3.7%
AED 9,819

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →