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3-bed · 1,026 sqftThe Nook 1, Jebel Ali First · 10th floor · completed 2022

1023, The Nook 1

Sold prices and rental history: sold twice, last in July 2024, and rented once, from May 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1023 · DLD and Ejari recordsUpdated 30 July 2024
Last soldAED 1.13M30 July 2024
Current rentAED 80K /yr5 May 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1023, The Nook 1

What is 1023 worth today?

Last sold for AED 1,130,000 in 2024

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30 Jul 2024SoldReady
AED 1,130,000AED 1,101 per sqft
5 May 2023RentedNew contract
AED 80,000/yr12 months · AED 78 per sqft
25 Jan 2023Sold by developerReady
AED 1,089,777AED 1,061 per sqft

Source: Dubai Land Department. Updated 30 July 2024.

Key facts

Type
3-bed apartment
Size
1,026 sqft
Floor
10th of 12
Parking
T1-P1-33
Developer
Wasl
Completed
2022
Last sold
AED 1.13M · July 2024
Building
The Nook 1

About 1023, The Nook 1

1023 is a three-bedroom apartment of 1,026 sqft on the 10th floor of The Nook 1, a 12-storey tower in Jebel Ali First completed in 2022 by Wasl. It last sold on 30 July 2024 for AED 1,130,000, or AED 1,101 per sqft, 8% below the AED 1,203 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 5 May 2023. The current contract, signed on 5 May 2023, is AED 80,000 a year: a gross yield of 7.1% on the 2024 price.

Sales and rents for 1023 over time

Sales
Unit 1023, each saleTypical three-bed in The Nook 1
1M1.25M1.5M202220242026Typical sale price by year: 2022 AED 1,049,777; 2023 AED 1,074,777; 2024 AED 1,250,000; 2026 AED 1,550,000Sold by developer, January 2023: AED 1,089,777 (AED 1,061 per sqft)Sold, July 2024: AED 1,130,000 (AED 1,101 per sqft)

1023 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1023, each contractTypical three-bed in The Nook 1
80K100K202220242026Typical rent by year: 2022 AED 77,000; 2023 AED 80,000; 2024 AED 89,625; 2025 AED 103,000; 2026 AED 100,000New contract, May 2023: AED 80,000 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 The Nook 1, and where 1023 sits

All 46 3-beds →

1023 last sold in July 2024 at AED 1,101 per sqft, 8% below what three-beds in The Nook 1 were fetching at the time (AED 1,203). Over the last 12 months three-beds sold for AED 1,435,000 to 1,600,000, around AED 1,548 per sqft, and rent for AED 71,500 to 120,000 a year. 1023's AED 80,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
24 Oct 20261,500,000
17 Mar 20261,600,000
27 Feb 20261,550,000
6 Feb 20261,550,000
6 3-bed sales in the last 12 months

The Nook 1

Building

298 apartments, studios to 3-bed over 12 floors in Jebel Ali First, completed in 2022 by Wasl. 35 sold in the last 12 months.

Typical price per sqft
AED 1,478 Up 7.0%
Typical sale
AED 1.05M
Typical rent
AED 73K /yr
Typical yield
7.1%
The Nook 1, Jebel Ali First: prices, sales and rents →

Other units on the 10th floor

All 298 units in The Nook 1
Value
10013-bedAED 1.07M · Nov 2022
10021-bedAED 622K · Nov 2022
10032-bedAED 891K · Jan 2023
10041-bedAED 624K · Nov 2022
10051-bedAED 624K · Jan 2023
10062-bedAED 907K · Mar 2023
10071-bedAED 624K · Jan 2023
1–7 of 24

1023, The Nook 1 in numbers

  • Sold twice: first on 25 January 2023 for AED 1,089,777, last on 30 July 2024 for AED 1,130,000 (AED 1,101 per sqft).
  • Rented since May 2023 on one Ejari contract, at AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2024 price is 7.1%.
  • Three-beds in The Nook 1 sold for AED 1,435,000–1,600,000 in the 12 months to November 2026; the building's median across all types is AED 1,478 per sqft.

Source: Dubai Land Department. Updated 30 July 2024.

Questions about 1023, The Nook 1

What did unit 1023 last sell for?

AED 1,130,000 on 30 July 2024: AED 1,101 per sqft for 1,026 sqft. The unit has 2 registered sales; the first was AED 1,089,777 in January 2023.

What is the rent for unit 1023?

AED 80,000 a year on the contract signed on 5 May 2023.

How big is unit 1023?

1,026 sqft (95.3 sqm): a three-bedroom apartment on the 10th floor of a 12-storey tower completed in 2022.

What is unit 1023 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in The Nook 1 sold for AED 1,435,000 to 1,600,000 in the last 12 months, around AED 1,548 per sqft.

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Mortgage on 1023, The Nook 1

Starts from the last sale price (AED 1.13M, 30 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,130,000
Deposit, UAE resident (20%)
AED 226,000
Deposit, non-resident (40%)
AED 452,000
Monthly over 25 years at 3.7%
AED 4,623

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