2-bed · 1,135 sqftAl Dhafrah 3, The Greens · 5th floor

517, Al Dhafrah 3

Sold prices and rental history: sold 3 times, last in December 2022, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 517 · DLD and Ejari recordsUpdated 22 December 2022
Last soldAED 1.25M22 December 2022
Current rentAED 74K /yr1 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 517, Al Dhafrah 3

What is 517 worth today?

Last sold for AED 1,250,000 in 2022

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22 Dec 2022SoldReady
AED 1,250,000AED 1,101 per sqft
1 Mar 2022RentedRenewal
AED 73,500/yr12 months · AED 65 per sqft
1 Mar 2021RentedNew contract
AED 65,000/yr12 months · AED 58 per sqft
10 Feb 2020RentedNew contract
AED 74,500/yr12 months · AED 66 per sqft
23 May 2012SoldReady
AED 520,000AED 458 per sqft
25 Nov 2007Sold by developerReady
AED 266,900AED 235 per sqft

Source: Dubai Land Department. Updated 22 December 2022.

Key facts

Type
2-bed apartment
Size
1,135 sqft
Floor
5th of 7
Parking
272
Service charge
AED 18,200 /yr
Last sold
AED 1.25M · December 2022
Building
Al Dhafrah 3

About 517, Al Dhafrah 3

517 is a two-bedroom apartment of 1,135 sqft on the 5th floor of Al Dhafrah 3, a 7-storey tower in The Greens. It last sold on 22 December 2022 for AED 1,250,000, or AED 1,101 per sqft, 11% above the AED 990 two-beds in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, renewed on 1 March 2022, is AED 73,500 a year: a gross yield of 5.9% on the 2022 price, before the service charge of about AED 18,200 a year.

Sales and rents for 517 over time

Sales
Unit 517, each saleTypical two-bed in Al Dhafrah 3
01M2M20072012201720222027Typical sale price by year: 2007 AED 431,872; 2008 AED 1,037,500; 2009 AED 595,800; 2010 AED 488,800; 2011 AED 985,000; 2012 AED 1,165,000; 2013 AED 1,350,000; 2015 AED 1,243,000; 2021 AED 662,500; 2022 AED 1,250,000; 2024 AED 1,800,000; 2025 AED 2,140,000; 2026 AED 2,320,000Sold by developer, November 2007: AED 266,900 (AED 235 per sqft)Sold, May 2012: AED 520,000 (AED 458 per sqft)Sold, December 2022: AED 1,250,000 (AED 1,101 per sqft)

517 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 517, each contractTypical two-bed in Al Dhafrah 3
100K2012201620202024Typical rent by year: 2012 AED 92,500; 2013 AED 104,000; 2014 AED 110,000; 2015 AED 120,000; 2016 AED 122,000; 2017 AED 121,275; 2018 AED 110,000; 2019 AED 93,500; 2020 AED 77,000; 2021 AED 75,000; 2022 AED 84,500; 2023 AED 105,316; 2024 AED 115,855; 2025 AED 108,524; 2026 AED 120,000New contract, February 2020: AED 74,500 a yearNew contract, March 2021: AED 65,000 a yearRenewal, March 2022: AED 73,500 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 Al Dhafrah 3, and where 517 sits

All 33 2-beds →

517 last sold in December 2022 at AED 1,101 per sqft, 11% above what two-beds in Al Dhafrah 3 were fetching at the time (AED 990). Over the last 12 months two-beds sold for AED 2,100,000 to 2,550,000, around AED 1,932 per sqft, and rent for AED 108,000 to 150,000 a year. 517's AED 73,500 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
30 Jul 20262,100,000
16 Apr 20262,500,000
24 Feb 20262,440,000
16 Feb 20262,100,000
6 2-bed sales in the last 12 months

Al Dhafrah 3

Building

116 apartments, studios to 2-bed over 7 floors in The Greens. 13 sold in the last 12 months.

Typical price per sqft
AED 1,714 Up 5.1%
Typical sale
AED 1.52M
Typical rent
AED 80K /yr
Typical yield
6.2%
Al Dhafrah 3, The Greens: prices, sales and rents →

Other units on the 5th floor

All 116 units in Al Dhafrah 3
Value
5151-bedAED 1.15M · Nov 2024
5161-bedAED 1.04M · Mar 2017
5182-bedAED 1.75M · Oct 2016
5192-bedAED 1.3M · Aug 2022

517, Al Dhafrah 3 in numbers

  • Sold 3 times: first on 25 November 2007 for AED 266,900, last on 22 December 2022 for AED 1,250,000 (AED 1,101 per sqft).
  • Rented since February 2020 on 3 Ejari contracts. The rent fell from AED 74,500 to AED 65,000 in 2021 and recovered to AED 73,500 by March 2022.
  • At AED 73,500 a year the gross yield on the 2022 price is 5.9%, before a service charge of about AED 18,200 a year (AED 16.03 per sqft).
  • Two-beds in Al Dhafrah 3 sold for AED 2,100,000–2,550,000 in the 12 months to November 2026; the building's median across all types is AED 1,714 per sqft.

Source: Dubai Land Department. Updated 22 December 2022.

Questions about 517, Al Dhafrah 3

What did unit 517 last sell for?

AED 1,250,000 on 22 December 2022: AED 1,101 per sqft for 1,135 sqft. The unit has 3 registered sales; the first was AED 266,900 in November 2007.

What is the rent for unit 517?

AED 73,500 a year on the contract renewed on 1 March 2022. The previous contract, from March 2021, was AED 65,000; the unit has been rented since February 2020.

How big is unit 517?

1,135 sqft (105.4 sqm): a two-bedroom apartment on the 5th floor of a 7-storey tower.

What is unit 517 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Al Dhafrah 3 sold for AED 2,100,000 to 2,550,000 in the last 12 months, around AED 1,932 per sqft.

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Mortgage on 517, Al Dhafrah 3

Starts from the last sale price (AED 1.25M, 22 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,250,000
Deposit, UAE resident (20%)
AED 250,000
Deposit, non-resident (40%)
AED 500,000
Monthly over 25 years at 3.7%
AED 5,114

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