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3-bed · 2,076 sqftAl Ghaf 3, The Greens · 4th floor

408, Al Ghaf 3

Sold prices and rental history: sold 4 times, last in October 2023, and rented once, from November 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 408 · DLD and Ejari recordsUpdated 19 October 2023
Last soldAED 2.4M19 October 2023
Current rentAED 160K /yr28 November 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 408, Al Ghaf 3

What is 408 worth today?

Last sold for AED 2,395,000 in 2023

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19 Oct 2023SoldReady
AED 2,395,000AED 1,153 per sqft
4 May 2016SoldReady
AED 1,190,000AED 573 per sqft
8 Oct 2015SoldReady
AED 1,850,000AED 890 per sqft
28 Nov 2013RentedNew contract
AED 160,000/yr12 months · AED 77 per sqft
4 May 2010Sold by developerReady
AED 1,750,000AED 842 per sqft

Source: Dubai Land Department. Updated 19 October 2023.

Key facts

Type
3-bed apartment
Size
2,076 sqft
Floor
4th of 6
Parking
B-11,B-12
Service charge
AED 34,600 /yr
Last sold
AED 2.4M · October 2023
Building
Al Ghaf 3

About 408, Al Ghaf 3

408 is a three-bedroom apartment of 2,076 sqft on the 4th floor of Al Ghaf 3, a 6-storey tower in The Greens. It last sold on 19 October 2023 for AED 2,395,000, or AED 1,153 per sqft, 10% above the AED 1,046 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 28 November 2013. The current contract, signed on 28 November 2013, is AED 160,000 a year: a gross yield of 6.7% on the 2023 price, before the service charge of about AED 34,600 a year.

Sales and rents for 408 over time

Sales
Unit 408, each saleTypical three-bed in Al Ghaf 3
2M2007201220172022Typical sale price by year: 2007 AED 660,400; 2008 AED 951,900; 2009 AED 1,400,000; 2010 AED 1,097,643; 2011 AED 1,325,000; 2012 AED 1,207,500; 2013 AED 1,880,000; 2016 AED 1,525,000; 2023 AED 2,072,500; 2024 AED 2,325,000; 2025 AED 3,425,000Sold by developer, May 2010: AED 1,750,000 (AED 842 per sqft)Sold, October 2015: AED 1,850,000 (AED 890 per sqft)Sold, May 2016: AED 1,190,000 (AED 573 per sqft)Sold, October 2023: AED 2,395,000 (AED 1,153 per sqft)

408 has sold 4 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 408, each contractTypical three-bed in Al Ghaf 3
100K150K2012201620202024Typical rent by year: 2012 AED 112,625; 2013 AED 125,000; 2014 AED 152,500; 2015 AED 160,000; 2016 AED 155,000; 2017 AED 145,000; 2018 AED 140,000; 2019 AED 120,000; 2020 AED 110,000; 2021 AED 95,000; 2022 AED 114,580; 2023 AED 150,000; 2024 AED 170,000; 2025 AED 175,000; 2026 AED 169,000New contract, November 2013: AED 160,000 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 3, and where 408 sits

All 30 3-beds →

408 last sold in October 2023 at AED 1,153 per sqft, 10% above what three-beds in Al Ghaf 3 were fetching at the time (AED 1,046). Over the last 12 months three-beds sold for AED 2,850,000, around AED 1,723 per sqft, and rent for AED 150,000 to 200,000 a year. 408's AED 160,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
23 Jul 20262,850,000
6 Nov 20254,015,000
29 Oct 20253,250,000
24 Feb 20253,600,000
1 3-bed sale in the last 12 months

Al Ghaf 3

Building

45 apartments, 2-bed to 4-bed over 6 floors in The Greens. 1 sold in the last 12 months.

Typical price per sqft
AED 1,723
Typical sale
AED 2.85M
Typical rent
AED 168K /yr
Typical yield
5.2%
Al Ghaf 3, The Greens: prices, sales and rents →

Other units on the 4th floor

All 45 units in Al Ghaf 3
Value
4073-bedAED 1.75M · Dec 2009

408, Al Ghaf 3 in numbers

  • Sold 4 times: first on 4 May 2010 for AED 1,750,000, last on 19 October 2023 for AED 2,395,000 (AED 1,153 per sqft).
  • Rented since November 2013 on one Ejari contract, at AED 160,000 a year.
  • At AED 160,000 a year the gross yield on the 2023 price is 6.7%, before a service charge of about AED 34,600 a year (AED 16.66 per sqft).
  • Three-beds in Al Ghaf 3 sold for AED 2,850,000–2,850,000 in the 12 months to November 2026; the building's median across all types is AED 1,723 per sqft.

Source: Dubai Land Department. Updated 19 October 2023.

Questions about 408, Al Ghaf 3

What did unit 408 last sell for?

AED 2,395,000 on 19 October 2023: AED 1,153 per sqft for 2,076 sqft. The unit has 4 registered sales; the first was AED 1,750,000 in May 2010.

What is the rent for unit 408?

AED 160,000 a year on the contract signed on 28 November 2013.

How big is unit 408?

2,076 sqft (192.9 sqm): a three-bedroom apartment on the 4th floor of a 6-storey tower.

What is unit 408 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 3 sold for AED 2,850,000 to 2,850,000 in the last 12 months, around AED 1,723 per sqft.

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Mortgage on 408, Al Ghaf 3

Starts from the last sale price (AED 2.4M, 19 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,395,000
Deposit, UAE resident (20%)
AED 479,000
Deposit, non-resident (40%)
AED 958,000
Monthly over 25 years at 3.7%
AED 9,799

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