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1-bed · 523 sqftThe Nook 1, Jebel Ali First · 7th floor · completed 2022

704, The Nook 1

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

Unit 704 · DLD and Ejari recordsUpdated 3 November 2025
Last soldAED 585K2 November 2022
Current rentAED 63K /yr3 November 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 704, The Nook 1

What is 704 worth today?

Last sold for AED 584,777 in 2022

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3 Nov 2025RentedRenewal
AED 63,000/yr12 months · AED 120 per sqft
3 Nov 2024RentedRenewal
AED 60,000/yr12 months · AED 115 per sqft
3 Nov 2023RentedNew contract
AED 60,000/yr12 months · AED 115 per sqft
2 Nov 2022Sold by developerReady
AED 584,777AED 1,117 per sqft
1 Nov 2022RentedNew contract
AED 44,000/yr12 months · AED 83 per sqft

Source: Dubai Land Department. Updated 3 November 2025.

Key facts

Type
1-bed apartment
Size
523 sqft
Floor
7th of 12
Parking
T1-P2-6
Developer
Wasl
Completed
2022
Last sold
AED 585K · November 2022
Building
The Nook 1

About 704, The Nook 1

704 is a one-bedroom apartment of 523 sqft on the 7th floor of The Nook 1, a 12-storey tower in Jebel Ali First completed in 2022 by Wasl. The developer sold it on 2 November 2022 for AED 584,777, or AED 1,117 per sqft, in line with the AED 1,133 one-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, renewed on 3 November 2025, is AED 63,000 a year: a gross yield of 10.8% on the 2022 price.

Sales and rents for 704 over time

Sales
Unit 704, each saleTypical one-bed in The Nook 1
600K800K202220242026Typical sale price by year: 2022 AED 615,777; 2023 AED 605,777; 2024 AED 760,000; 2025 AED 795,000; 2026 AED 815,000Sold by developer, November 2022: AED 584,777 (AED 1,117 per sqft)

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

Rents
Unit 704, each contractTypical one-bed in The Nook 1
50K60K202220242026Typical rent by year: 2022 AED 46,000; 2023 AED 50,000; 2024 AED 57,200; 2025 AED 62,000; 2026 AED 60,000New contract, November 2022: AED 44,000 a yearNew contract, November 2023: AED 60,000 a yearRenewal, November 2024: AED 60,000 a yearRenewal, November 2025: AED 63,000 a year

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

1-beds in The Nook 1, and where 704 sits

All 69 1-beds →

704 last sold in November 2022 at AED 1,117 per sqft, in line with what one-beds in The Nook 1 were fetching at the time (AED 1,133). Over the last 12 months one-beds sold for AED 400,000 to 835,000, around AED 1,538 per sqft, and rent for AED 33,206 to 120,000 a year. 704's AED 63,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
4 Nov 2026820,000
21 Oct 2026828,000
6 Oct 2026800,000
4 Jun 2026800,000
10 1-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 7th floor

All 298 units in The Nook 1
Value
7013-bedAED 1.01M · Nov 2022
7021-bedAED 584K · Mar 2023
7032-bedAED 876K · Nov 2022
7051-bedAED 585K · Jan 2023
7062-bedAED 1.05M · Mar 2026
7071-bedAED 800K · Jun 2026
7082-bedAED 875K · Jan 2023
1–7 of 25

704, The Nook 1 in numbers

  • Sold once: by Wasl on 2 November 2022 for AED 584,777, or AED 1,117 per sqft.
  • Rented since November 2022 on 4 Ejari contracts, from AED 44,000 to AED 63,000 a year.
  • At AED 63,000 a year the gross yield on the 2022 price is 10.8%.
  • One-beds in The Nook 1 sold for AED 400,000–835,000 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 3 November 2025.

Questions about 704, The Nook 1

What did unit 704 last sell for?

AED 584,777 on 2 November 2022, sold by the developer: AED 1,117 per sqft for 523 sqft. It is the only registered sale of the unit.

What is the rent for unit 704?

AED 63,000 a year on the contract renewed on 3 November 2025. The previous contract, from November 2024, was AED 60,000; the unit has been rented since November 2022.

How big is unit 704?

523 sqft (48.6 sqm): a one-bedroom apartment on the 7th floor of a 12-storey tower completed in 2022.

What is unit 704 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in The Nook 1 sold for AED 400,000 to 835,000 in the last 12 months, around AED 1,538 per sqft.

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Mortgage on 704, The Nook 1

Starts from the last sale price (AED 585K, 2 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 584,777
Deposit, UAE resident (20%)
AED 116,955
Deposit, non-resident (40%)
AED 233,911
Monthly over 25 years at 3.7%
AED 2,393

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