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Studio · 316 sqftThe Nook 2, Jebel Ali First · 7th floor · completed 2022

703, The Nook 2

Sold prices and rental history: sold twice, last in December 2023, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 703 · DLD and Ejari recordsUpdated 9 September 2026
Last soldAED 480K19 December 2023
Current rentAED 50K /yr9 September 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 703, The Nook 2

What is 703 worth today?

Last sold for AED 480,000 in 2023

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9 Sep 2026RentedRenewal
AED 50,000/yr12 months · AED 160 per sqft
8 Sep 2025RentedNew contract
AED 49,862/yr12 months · AED 160 per sqft
1 Sep 2024RentedNew contract
AED 47,000/yr12 months · AED 151 per sqft
19 Dec 2023SoldReady
AED 480,000AED 1,517 per sqft
25 Jun 2020Sold by developerOff-plan
AED 328,000AED 1,036 per sqft

Source: Dubai Land Department. Updated 9 September 2026.

Key facts

Type
Studio apartment
Size
316 sqft
Floor
7th of 11
Parking
T2-P1-49
Developer
Wasl
Completed
2022
Service charge
AED 6,300 /yr
Last sold
AED 480K · December 2023
Building
The Nook 2

About 703, The Nook 2

703 is a studio of 316 sqft on the 7th floor of The Nook 2, a 11-storey tower in Jebel Ali First completed in 2022 by Wasl. It last sold on 19 December 2023 for AED 480,000, or AED 1,517 per sqft, 25% above the AED 1,215 studios in the building were fetching at the time.

It has been rented since 2024 on 3 Ejari contracts. The current contract, renewed on 9 September 2026, is AED 50,000 a year: a gross yield of 10.4% on the 2023 price, before the service charge of about AED 6,300 a year.

Sales and rents for 703 over time

Sales
Unit 703, each saleTypical studio in The Nook 2
400K500K201920212023Typical sale price by year: 2019 AED 377,000; 2023 AED 413,500Sold by developer, June 2020: AED 328,000 (AED 1,036 per sqft)Sold, December 2023: AED 480,000 (AED 1,517 per sqft)

703 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 703, each contractTypical studio in The Nook 2
40K50K202220242026Typical rent by year: 2022 AED 34,000; 2023 AED 40,000; 2024 AED 44,500; 2025 AED 50,000; 2026 AED 51,000New contract, September 2024: AED 47,000 a yearNew contract, September 2025: AED 49,862 a yearRenewal, September 2026: AED 50,000 a year

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

Studios in The Nook 2, and where 703 sits

All 23 studios →

703 last sold in December 2023 at AED 1,517 per sqft, 25% above what studios in The Nook 2 were fetching at the time (AED 1,215). Over the last 12 months studios sold for AED 598,777, around AED 1,892 per sqft, and rent for AED 45,000 to 65,000 a year. 703's AED 50,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
17 Jun 2026598,777
21 Oct 2025580,000
24 Feb 2025575,000
29 Jul 2024460,000
1 studio sale 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 7th floor

All 297 units in The Nook 2
Value
7013-bedAED 921K · Jul 2020
7023-bedAED 923K · Nov 2019
704StudioAED 378K · Oct 2019
7053-bedAED 900K · Oct 2019
7062-bedAED 1.07M · May 2025
7072-bedAED 680K · Oct 2019
7082-bedAED 729K · Sep 2020
1–7 of 26

703, The Nook 2 in numbers

  • Sold twice: first on 25 June 2020 for AED 328,000, last on 19 December 2023 for AED 480,000 (AED 1,517 per sqft).
  • Rented since September 2024 on 3 Ejari contracts, from AED 47,000 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2023 price is 10.4%, before a service charge of about AED 6,300 a year (AED 20.00 per sqft).
  • Studios in The Nook 2 sold for AED 598,777–598,777 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 9 September 2026.

Questions about 703, The Nook 2

What did unit 703 last sell for?

AED 480,000 on 19 December 2023: AED 1,517 per sqft for 316 sqft. The unit has 2 registered sales; the first was AED 328,000 in June 2020.

What is the rent for unit 703?

AED 50,000 a year on the contract renewed on 9 September 2026. The previous contract, from September 2025, was AED 49,862; the unit has been rented since September 2024.

How big is unit 703?

316 sqft (29.4 sqm): a studio on the 7th floor of a 11-storey tower completed in 2022.

What is unit 703 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in The Nook 2 sold for AED 598,777 to 598,777 in the last 12 months, around AED 1,892 per sqft.

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Mortgage on 703, The Nook 2

Starts from the last sale price (AED 480K, 19 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 480,000
Deposit, UAE resident (20%)
AED 96,000
Deposit, non-resident (40%)
AED 192,000
Monthly over 25 years at 3.7%
AED 1,964

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