Home
Dubai prices
About
Research
3-bed · 1,003 sqftThe Nook 1, Jebel Ali First · 1st floor · completed 2022

118, The Nook 1

Sold prices and rental history: sold once, by the developer in October 2022, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 118 · DLD and Ejari recordsUpdated 4 April 2024
Last soldAED 998K31 October 2022
Current rentAED 75K /yr4 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 118

Property timeline for 118, The Nook 1

What is 118 worth today?

Last sold for AED 997,777 in 2022

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

4 Apr 2024RentedNew contract
AED 75,000/yr12 months · AED 75 per sqft
1 Nov 2022RentedNew contract
AED 70,000/yr12 months · AED 70 per sqft
31 Oct 2022Sold by developerReady
AED 997,777AED 995 per sqft

Source: Dubai Land Department. Updated 4 April 2024.

Key facts

Type
3-bed apartment
Size
1,003 sqft
Floor
1st of 12
Parking
T1-P2-35
Developer
Wasl
Completed
2022
Last sold
AED 998K · October 2022
Building
The Nook 1

About 118, The Nook 1

118 is a three-bedroom apartment of 1,003 sqft on the 1st floor of The Nook 1, a 12-storey tower in Jebel Ali First completed in 2022 by Wasl. The developer sold it on 31 October 2022 for AED 997,777, or AED 995 per sqft, in line with the AED 995 three-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 4 April 2024, is AED 75,000 a year: a gross yield of 7.5% on the 2022 price.

Sales and rents for 118 over time

Sales
Unit 118, each saleTypical three-bed in The Nook 1
1M1.5M202220242026Typical 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, October 2022: AED 997,777 (AED 995 per sqft)

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

Rents
Unit 118, 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, November 2022: AED 70,000 a yearNew contract, April 2024: AED 75,000 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 118 sits

All 46 3-beds →

118 last sold in October 2022 at AED 995 per sqft, in line with what three-beds in The Nook 1 were fetching at the time (AED 995). 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. 118's AED 75,000 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 1st floor

All 298 units in The Nook 1
Value
1013-bedAED 996K · Mar 2023
1021-bedAED 568K · Nov 2022
1032-bedAED 903K · Aug 2023
1041-bedAED 650K · Nov 2023
1051-bedAED 770K · Feb 2026
1061-bedAED 603K · Mar 2023
1072-bedAED 878K · Oct 2022
1–7 of 23

118, The Nook 1 in numbers

  • Sold once: by Wasl on 31 October 2022 for AED 997,777, or AED 995 per sqft.
  • Rented since November 2022 on 2 Ejari contracts, from AED 70,000 to AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2022 price is 7.5%.
  • 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 4 April 2024.

Questions about 118, The Nook 1

What did unit 118 last sell for?

AED 997,777 on 31 October 2022, sold by the developer: AED 995 per sqft for 1,003 sqft. It is the only registered sale of the unit.

What is the rent for unit 118?

AED 75,000 a year on the contract signed on 4 April 2024. The previous contract, from November 2022, was AED 70,000.

How big is unit 118?

1,003 sqft (93.2 sqm): a three-bedroom apartment on the 1st floor of a 12-storey tower completed in 2022.

What is unit 118 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.

Selling 118? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 118, The Nook 1

Starts from the last sale price (AED 998K, 31 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 997,777
Deposit, UAE resident (20%)
AED 199,555
Deposit, non-resident (40%)
AED 399,111
Monthly over 25 years at 3.7%
AED 4,082

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