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3-bed · 2,014 sqftAl Ghaf 2, The Greens · 5th floor

507, Al Ghaf 2

Sold prices and rental history: sold twice, last in April 2013, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 507 · DLD and Ejari recordsUpdated 26 October 2017
Last soldAED 2.14M25 April 2013
Current rentAED 155K /yr26 October 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 507, Al Ghaf 2

What is 507 worth today?

Last sold for AED 2,135,000 in 2013

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26 Oct 2017RentedNew contract
AED 155,000/yr12 months · AED 77 per sqft
24 Aug 2016RentedNew contract
AED 165,000/yr12 months · AED 82 per sqft
1 Aug 2015RentedNew contract
AED 175,000/yr12 months · AED 87 per sqft
1 Jul 2014RentedNew contract
AED 190,000/yr12 months · AED 94 per sqft
8 May 2013RentedNew contract
AED 190,000/yr12 months · AED 94 per sqft
25 Apr 2013SoldReady
AED 2,135,000AED 1,060 per sqft
8 Mar 2011Sold by developerReady
AED 908,800AED 451 per sqft

Source: Dubai Land Department. Updated 26 October 2017.

Key facts

Type
3-bed apartment
Size
2,014 sqft
Floor
5th of 6
Parking
B-5,B-6
Service charge
AED 33,500 /yr
Last sold
AED 2.14M · April 2013
Building
Al Ghaf 2

About 507, Al Ghaf 2

507 is a three-bedroom apartment of 2,014 sqft on the 5th floor of Al Ghaf 2, a 6-storey tower in The Greens. It last sold on 25 April 2013 for AED 2,135,000, or AED 1,060 per sqft, 6% above the AED 999 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, signed on 26 October 2017, is AED 155,000 a year: a gross yield of 7.3% on the 2013 price, before the service charge of about AED 33,500 a year.

Sales and rents for 507 over time

Sales
Unit 507, each saleTypical three-bed in Al Ghaf 2
1M2M2008201320182023Typical sale price by year: 2008 AED 780,094; 2009 AED 1,250,000; 2010 AED 886,500; 2011 AED 1,100,000; 2012 AED 1,525,000; 2013 AED 1,750,000; 2020 AED 1,420,000; 2021 AED 1,206,870; 2024 AED 2,300,000Sold by developer, March 2011: AED 908,800 (AED 451 per sqft)Sold, April 2013: AED 2,135,000 (AED 1,060 per sqft)

507 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 507, each contractTypical three-bed in Al Ghaf 2
100K150K200K2013201720212025Typical rent by year: 2013 AED 143,500; 2014 AED 156,250; 2015 AED 165,000; 2016 AED 162,500; 2017 AED 146,554; 2018 AED 132,500; 2019 AED 115,000; 2020 AED 102,500; 2021 AED 94,500; 2022 AED 117,750; 2023 AED 127,500; 2024 AED 139,625; 2025 AED 162,500; 2026 AED 173,285New contract, May 2013: AED 190,000 a yearNew contract, July 2014: AED 190,000 a yearNew contract, August 2015: AED 175,000 a yearNew contract, August 2016: AED 165,000 a yearNew contract, October 2017: AED 155,000 a year

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

3-beds in Al Ghaf 2, and where 507 sits

All 30 3-beds →

507 last sold in April 2013 at AED 1,060 per sqft, 6% above what three-beds in Al Ghaf 2 were fetching at the time (AED 999). Over the last 12 months three-beds sold for AED 2,700,000 to 3,300,000, around AED 1,669 per sqft, and rent for AED 135,880 to 205,000 a year. 507's AED 155,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
6 Oct 20263,300,000
3 Apr 20262,700,000
6 Dec 20242,450,000
27 Nov 20242,300,000
2 3-bed sales in the last 12 months

Al Ghaf 2

Building

45 apartments, 2-bed to 4-bed over 6 floors in The Greens. 5 sold in the last 12 months.

Typical price per sqft
AED 1,591
Typical sale
AED 2.5M
Typical rent
AED 163K /yr
Typical yield
5.8%
Al Ghaf 2, The Greens: prices, sales and rents →

Other units on the 5th floor

All 45 units in Al Ghaf 2
Value
5083-bedAED 2.35M · Mar 2017

507, Al Ghaf 2 in numbers

  • Sold twice: first on 8 March 2011 for AED 908,800, last on 25 April 2013 for AED 2,135,000 (AED 1,060 per sqft).
  • Rented since May 2013 on 5 Ejari contracts, from AED 190,000 to AED 155,000 a year.
  • At AED 155,000 a year the gross yield on the 2013 price is 7.3%, before a service charge of about AED 33,500 a year (AED 16.66 per sqft).
  • Three-beds in Al Ghaf 2 sold for AED 2,700,000–3,300,000 in the 12 months to November 2026; the building's median across all types is AED 1,591 per sqft.

Source: Dubai Land Department. Updated 26 October 2017.

Questions about 507, Al Ghaf 2

What did unit 507 last sell for?

AED 2,135,000 on 25 April 2013: AED 1,060 per sqft for 2,014 sqft. The unit has 2 registered sales; the first was AED 908,800 in March 2011.

What is the rent for unit 507?

AED 155,000 a year on the contract signed on 26 October 2017. The previous contract, from August 2016, was AED 165,000; the unit has been rented since May 2013.

How big is unit 507?

2,014 sqft (187.1 sqm): a three-bedroom apartment on the 5th floor of a 6-storey tower.

What is unit 507 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Al Ghaf 2 sold for AED 2,700,000 to 3,300,000 in the last 12 months, around AED 1,669 per sqft.

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Mortgage on 507, Al Ghaf 2

Starts from the last sale price (AED 2.14M, 25 April 2013). Switch to today's estimate once you have unlocked it.
Price
AED 2,135,000
Deposit, UAE resident (20%)
AED 427,000
Deposit, non-resident (40%)
AED 854,000
Monthly over 25 years at 3.7%
AED 8,735

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