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2-bed · 766 sqftThe Nook 2, Jebel Ali First · 4th floor · completed 2022

407, The Nook 2

Sold prices and rental history: sold once, by the developer in September 2020, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 407 · DLD and Ejari recordsUpdated 1 May 2026
Last soldAED 678K30 September 2020
Current rentAED 68K /yr1 May 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 407, The Nook 2

What is 407 worth today?

Last sold for AED 678,000 in 2020

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1 May 2026RentedRenewal
AED 68,000/yr12 months · AED 89 per sqft
1 May 2026RentedRenewal
AED 72,996/yr2 months · AED 96 per sqft
1 May 2025RentedNew contract
AED 75,000/yr12 months · AED 98 per sqft
10 Apr 2024RentedRenewal
AED 64,350/yr12 months · AED 84 per sqft
10 Apr 2023RentedNew contract
AED 58,500/yr12 months · AED 77 per sqft
30 Sep 2020Sold by developerOff-plan
AED 678,000AED 884 per sqft

Source: Dubai Land Department. Updated 1 May 2026.

Key facts

Type
2-bed apartment
Size
766 sqft
Floor
4th of 11
Parking
T2-P2-86
Developer
Wasl
Completed
2022
Service charge
AED 15,300 /yr
Last sold
AED 678K · September 2020
Building
The Nook 2

About 407, The Nook 2

407 is a two-bedroom apartment of 766 sqft on the 4th floor of The Nook 2, a 11-storey tower in Jebel Ali First completed in 2022 by Wasl. The developer sold it on 30 September 2020 for AED 678,000, or AED 884 per sqft, 5% below the AED 931 two-beds in the building were fetching at the time.

It has been rented continuously since 2023 on 5 Ejari contracts. The current contract, renewed on 1 May 2026, is AED 68,000 a year: a gross yield of 10.0% on the 2020 price, before the service charge of about AED 15,300 a year.

Sales and rents for 407 over time

Sales
Unit 407, each saleTypical two-bed in The Nook 2
800K1M20192021202320252027Typical sale price by year: 2019 AED 695,889; 2020 AED 715,777; 2021 AED 718,777; 2022 AED 722,999; 2023 AED 823,777; 2024 AED 821,777; 2025 AED 1,000,000; 2026 AED 1,000,000Sold by developer, September 2020: AED 678,000 (AED 884 per sqft)

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

Rents
Unit 407, each contractTypical two-bed in The Nook 2
60K70K202220242026Typical rent by year: 2022 AED 60,000; 2023 AED 60,500; 2024 AED 70,000; 2025 AED 75,000; 2026 AED 75,000New contract, April 2023: AED 58,500 a yearRenewal, April 2024: AED 64,350 a yearNew contract, May 2025: AED 75,000 a yearRenewal, May 2026: AED 68,000 a yearRenewal, May 2026: AED 72,996 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 2, and where 407 sits

All 165 2-beds →

407 last sold in September 2020 at AED 884 per sqft, 5% below what two-beds in The Nook 2 were fetching at the time (AED 931). Over the last 12 months two-beds sold for AED 950,000 to 1,275,000, around AED 1,341 per sqft, and rent for AED 57,500 to 93,000 a year. 407's AED 68,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
21 Jul 2026985,000
21 Jul 2026980,000
21 Jul 2026985,000
21 Jul 2026950,000
12 2-bed sales in the last 12 months

The Nook 2

Building

297 apartments, studios to 3-bed over 11 floors in Jebel Ali First, completed in 2022 by Wasl. 17 sold in the last 12 months.

Typical price per sqft
AED 1,426 Up 7.0%
Typical sale
AED 985K
Typical rent
AED 70K /yr
Typical yield
7.1%
The Nook 2, Jebel Ali First: prices, sales and rents →

Other units on the 4th floor

All 297 units in The Nook 2
Value
4013-bedAED 938K · Aug 2021
4023-bedAED 941K · Jun 2021
403StudioAED 327K · Apr 2023
404StudioAED 377K · Apr 2023
4053-bedAED 898K · Aug 2019
4062-bedAED 824K · Jan 2023
4082-bedAED 867K · Aug 2023
1–7 of 26

407, The Nook 2 in numbers

  • Sold once: by Wasl on 30 September 2020 for AED 678,000, or AED 884 per sqft.
  • Rented since April 2023 on 5 Ejari contracts, from AED 58,500 to AED 68,000 a year.
  • At AED 68,000 a year the gross yield on the 2020 price is 10.0%, before a service charge of about AED 15,300 a year (AED 20.00 per sqft).
  • Two-beds in The Nook 2 sold for AED 950,000–1,275,000 in the 12 months to November 2026; the building's median across all types is AED 1,426 per sqft.

Source: Dubai Land Department. Updated 1 May 2026.

Questions about 407, The Nook 2

What did unit 407 last sell for?

AED 678,000 on 30 September 2020, sold by the developer: AED 884 per sqft for 766 sqft. It is the only registered sale of the unit.

What is the rent for unit 407?

AED 68,000 a year on the contract renewed on 1 May 2026. The previous contract, from May 2026, was AED 72,996; the unit has been rented since April 2023.

How big is unit 407?

766 sqft (71.2 sqm): a two-bedroom apartment on the 4th floor of a 11-storey tower completed in 2022.

What is unit 407 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 2 sold for AED 950,000 to 1,275,000 in the last 12 months, around AED 1,341 per sqft.

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Mortgage on 407, The Nook 2

Starts from the last sale price (AED 678K, 30 September 2020). Switch to today's estimate once you have unlocked it.
Price
AED 678,000
Deposit, UAE resident (20%)
AED 135,600
Deposit, non-resident (40%)
AED 271,200
Monthly over 25 years at 3.7%
AED 2,774

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