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2-bed · 763 sqftThe Nook 1, Jebel Ali First · 5th floor · completed 2022

509, The Nook 1

Sold prices and rental history: sold once, by the developer in November 2022, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 509 · DLD and Ejari recordsUpdated 1 January 2025
Last soldAED 872K21 November 2022
Current rentAED 64K /yr1 January 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 509, The Nook 1

What is 509 worth today?

Last sold for AED 871,777 in 2022

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1 Jan 2025RentedRenewal
AED 63,800/yr12 months · AED 83 per sqft
1 Jan 2024RentedRenewal
AED 58,000/yr12 months · AED 76 per sqft
1 Jan 2023RentedNew contract
AED 53,000/yr12 months · AED 69 per sqft
21 Nov 2022Sold by developerReady
AED 871,777AED 1,142 per sqft

Source: Dubai Land Department. Updated 1 January 2025.

Key facts

Type
2-bed apartment
Size
763 sqft
Floor
5th of 12
Parking
T1-P1-91
Developer
Wasl
Completed
2022
Last sold
AED 872K · November 2022
Building
The Nook 1

About 509, The Nook 1

509 is a two-bedroom apartment of 763 sqft on the 5th floor of The Nook 1, a 12-storey tower in Jebel Ali First completed in 2022 by Wasl. The developer sold it on 21 November 2022 for AED 871,777, or AED 1,142 per sqft, in line with the AED 1,117 two-beds in the building were fetching at the time.

It has been rented since 2023 on 3 Ejari contracts. The current contract, renewed on 1 January 2025, is AED 63,800 a year: a gross yield of 7.3% on the 2022 price.

Sales and rents for 509 over time

Sales
Unit 509, each saleTypical two-bed in The Nook 1
1M202220242026Typical sale price by year: 2022 AED 869,277; 2023 AED 873,277; 2024 AED 980,000; 2025 AED 1,055,000; 2026 AED 1,090,777Sold by developer, November 2022: AED 871,777 (AED 1,142 per sqft)

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

Rents
Unit 509, each contractTypical two-bed in The Nook 1
60K80K202220242026Typical rent by year: 2022 AED 58,000; 2023 AED 61,000; 2024 AED 70,000; 2025 AED 75,000; 2026 AED 78,000New contract, January 2023: AED 53,000 a yearRenewal, January 2024: AED 58,000 a yearRenewal, January 2025: AED 63,800 a year

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

2-beds in The Nook 1, and where 509 sits

All 182 2-beds →

509 last sold in November 2022 at AED 1,142 per sqft, in line with what two-beds in The Nook 1 were fetching at the time (AED 1,117). Over the last 12 months two-beds sold for AED 827,822 to 1,250,000, around AED 1,400 per sqft, and rent for AED 55,890 to 114,000 a year. 509's AED 63,800 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
22 Oct 20261,250,000
24 Sep 2026879,000
24 Jul 20261,125,000
19 Jun 20261,090,000
18 2-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 5th floor

All 298 units in The Nook 1
Value
5013-bedAED 1.01M · Nov 2022
5021-bedAED 604K · Jan 2023
5032-bedAED 1.05M · Jun 2024
5041-bedAED 830K · Jun 2025
5051-bedAED 584K · Jan 2023
5062-bedAED 864K · May 2023
5071-bedAED 650K · Nov 2023
1–7 of 25

509, The Nook 1 in numbers

  • Sold once: by Wasl on 21 November 2022 for AED 871,777, or AED 1,142 per sqft.
  • Rented since January 2023 on 3 Ejari contracts, from AED 53,000 to AED 63,800 a year.
  • At AED 63,800 a year the gross yield on the 2022 price is 7.3%.
  • Two-beds in The Nook 1 sold for AED 827,822–1,250,000 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 1 January 2025.

Questions about 509, The Nook 1

What did unit 509 last sell for?

AED 871,777 on 21 November 2022, sold by the developer: AED 1,142 per sqft for 763 sqft. It is the only registered sale of the unit.

What is the rent for unit 509?

AED 63,800 a year on the contract renewed on 1 January 2025. The previous contract, from January 2024, was AED 58,000; the unit has been rented since January 2023.

How big is unit 509?

763 sqft (70.9 sqm): a two-bedroom apartment on the 5th floor of a 12-storey tower completed in 2022.

What is unit 509 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in The Nook 1 sold for AED 827,822 to 1,250,000 in the last 12 months, around AED 1,400 per sqft.

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Mortgage on 509, The Nook 1

Starts from the last sale price (AED 872K, 21 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 871,777
Deposit, UAE resident (20%)
AED 174,355
Deposit, non-resident (40%)
AED 348,711
Monthly over 25 years at 3.7%
AED 3,567

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