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2-bed · 782 sqftThe Nook 1, Jebel Ali First · 5th floor · completed 2022

515, The Nook 1

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

Unit 515 · DLD and Ejari recordsUpdated 20 January 2026
Last soldAED 824K4 November 2022
Current rentAED 80K /yr20 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 515, The Nook 1

What is 515 worth today?

Last sold for AED 823,777 in 2022

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20 Jan 2026RentedRenewal
AED 80,000/yr12 months · AED 103 per sqft
20 Jan 2026RentedRenewal
AED 80,000/yr12 months · AED 102 per sqft
20 Jan 2025RentedRenewal
AED 68,500/yr12 months · AED 87 per sqft
20 Jan 2025RentedRenewal
AED 68,500/yr12 months · AED 87 per sqft
20 Jan 2024RentedRenewal
AED 57,500/yr12 months · AED 73 per sqft
20 Jan 2023RentedNew contract
AED 50,000/yr12 months · AED 64 per sqft
4 Nov 2022Sold by developerReady
AED 823,777AED 1,053 per sqft

Source: Dubai Land Department. Updated 20 January 2026.

Key facts

Type
2-bed apartment
Size
782 sqft
Floor
5th of 12
Parking
T1-P2-44
Developer
Wasl
Completed
2022
Last sold
AED 824K · November 2022
Building
The Nook 1

About 515, The Nook 1

515 is a two-bedroom apartment of 782 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 4 November 2022 for AED 823,777, or AED 1,053 per sqft, 4% below the AED 1,101 two-beds in the building were fetching at the time.

It has been rented continuously since 2023 on 6 Ejari contracts. The current contract, renewed on 20 January 2026, is AED 80,000 a year: a gross yield of 9.7% on the 2022 price.

Sales and rents for 515 over time

Sales
Unit 515, each saleTypical two-bed in The Nook 1
800K1M202220242026Typical 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 823,777 (AED 1,053 per sqft)

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

Rents
Unit 515, 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 50,000 a yearRenewal, January 2024: AED 57,500 a yearRenewal, January 2025: AED 68,500 a yearRenewal, January 2025: AED 68,500 a yearRenewal, January 2026: AED 80,000 a yearRenewal, January 2026: AED 80,000 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 515 sits

All 182 2-beds →

515 last sold in November 2022 at AED 1,053 per sqft, 4% below what two-beds in The Nook 1 were fetching at the time (AED 1,101). 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. 515's AED 80,000 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

515, The Nook 1 in numbers

  • Sold once: by Wasl on 4 November 2022 for AED 823,777, or AED 1,053 per sqft.
  • Rented since January 2023 on 6 Ejari contracts, from AED 50,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2022 price is 9.7%.
  • 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 20 January 2026.

Questions about 515, The Nook 1

What did unit 515 last sell for?

AED 823,777 on 4 November 2022, sold by the developer: AED 1,053 per sqft for 782 sqft. It is the only registered sale of the unit.

What is the rent for unit 515?

AED 80,000 a year on the contract renewed on 20 January 2026. The previous contract, from January 2026, was AED 80,000; the unit has been rented since January 2023.

How big is unit 515?

782 sqft (72.7 sqm): a two-bedroom apartment on the 5th floor of a 12-storey tower completed in 2022.

What is unit 515 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 515, The Nook 1

Starts from the last sale price (AED 824K, 4 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 823,777
Deposit, UAE resident (20%)
AED 164,755
Deposit, non-resident (40%)
AED 329,511
Monthly over 25 years at 3.7%
AED 3,370

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