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1-bed · 754 sqftAl Ghozlan 2, The Greens · 6th floor

616, Al Ghozlan 2

Sold prices and rental history: sold twice, last in October 2013, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 616 · DLD and Ejari recordsUpdated 6 June 2018
Last soldAED 975K21 October 2013
Current rentAED 65K /yr6 June 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 616, Al Ghozlan 2

What is 616 worth today?

Last sold for AED 975,000 in 2013

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6 Jun 2018RentedNew contract
AED 65,000/yr12 months · AED 86 per sqft
16 Nov 2016RentedNew contract
AED 81,000/yr12 months · AED 108 per sqft
16 Mar 2014RentedNew contract
AED 90,000/yr12 months · AED 119 per sqft
21 Oct 2013SoldReady
AED 975,000AED 1,293 per sqft
1 Jul 2010Sold by developerReady
AED 665,000AED 882 per sqft

Source: Dubai Land Department. Updated 6 June 2018.

Key facts

Type
1-bed apartment
Size
754 sqft
Floor
6th of 7
Parking
43.
Service charge
AED 12,500 /yr
Last sold
AED 975K · October 2013
Building
Al Ghozlan 2

About 616, Al Ghozlan 2

616 is a one-bedroom apartment of 754 sqft on the 6th floor of Al Ghozlan 2, a 7-storey tower in The Greens. It last sold on 21 October 2013 for AED 975,000, or AED 1,293 per sqft, 32% above the AED 981 one-beds in the building were fetching at the time.

It has been rented since 2014 on 3 Ejari contracts. The current contract, signed on 6 June 2018, is AED 65,000 a year: a gross yield of 6.7% on the 2013 price, before the service charge of about AED 12,500 a year.

Sales and rents for 616 over time

Sales
Unit 616, each saleTypical one-bed in Al Ghozlan 2
500K1M1.5M20072012201720222027Typical sale price by year: 2007 AED 577,500; 2008 AED 675,000; 2009 AED 676,388; 2010 AED 650,000; 2011 AED 545,000; 2012 AED 662,500; 2013 AED 830,000; 2014 AED 1,065,000; 2015 AED 1,007,500; 2016 AED 987,500; 2017 AED 877,500; 2018 AED 400,000; 2019 AED 750,000; 2022 AED 685,000; 2023 AED 900,000; 2024 AED 1,115,000; 2025 AED 1,287,500; 2026 AED 1,355,000Sold by developer, July 2010: AED 665,000 (AED 882 per sqft)Sold, October 2013: AED 975,000 (AED 1,293 per sqft)

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

Rents
Unit 616, each contractTypical one-bed in Al Ghozlan 2
50K75K2012201620202024Typical rent by year: 2012 AED 56,500; 2013 AED 67,000; 2014 AED 80,000; 2015 AED 83,000; 2016 AED 80,000; 2017 AED 78,000; 2018 AED 70,000; 2019 AED 61,000; 2020 AED 48,000; 2021 AED 44,500; 2022 AED 52,325; 2023 AED 60,500; 2024 AED 75,000; 2025 AED 79,787; 2026 AED 77,350New contract, March 2014: AED 90,000 a yearNew contract, November 2016: AED 81,000 a yearNew contract, June 2018: AED 65,000 a year

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

1-beds in Al Ghozlan 2, and where 616 sits

All 75 1-beds →

616 last sold in October 2013 at AED 1,293 per sqft, 32% above what one-beds in Al Ghozlan 2 were fetching at the time (AED 981). Over the last 12 months one-beds sold for AED 1,200,000 to 1,600,000, around AED 1,888 per sqft, and rent for AED 60,000 to 125,000 a year. 616's AED 65,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
26 Oct 20261,420,000
9 Oct 20261,580,000
14 Aug 20261,290,000
19 Jun 20261,200,000
5 1-bed sales in the last 12 months

Al Ghozlan 2

Building

108 apartments, 1-bed to 2-bed over 7 floors in The Greens. 9 sold in the last 12 months.

Typical price per sqft
AED 1,711
Typical sale
AED 1.6M
Typical rent
AED 80K /yr
Typical yield
5.9%
Al Ghozlan 2, The Greens: prices, sales and rents →

Other units on the 6th floor

All 108 units in Al Ghozlan 2
Value
6151-bedAED 1.08M · Dec 2014
6172-bedAED 1.77M · May 2014
6182-bedAED 1.25M · May 2019
6192-bedAED 2M · Jul 2025

616, Al Ghozlan 2 in numbers

  • Sold twice: first on 1 July 2010 for AED 665,000, last on 21 October 2013 for AED 975,000 (AED 1,293 per sqft).
  • Rented since March 2014 on 3 Ejari contracts, from AED 90,000 to AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2013 price is 6.7%, before a service charge of about AED 12,500 a year (AED 16.62 per sqft).
  • One-beds in Al Ghozlan 2 sold for AED 1,200,000–1,600,000 in the 12 months to November 2026; the building's median across all types is AED 1,711 per sqft.

Source: Dubai Land Department. Updated 6 June 2018.

Questions about 616, Al Ghozlan 2

What did unit 616 last sell for?

AED 975,000 on 21 October 2013: AED 1,293 per sqft for 754 sqft. The unit has 2 registered sales; the first was AED 665,000 in July 2010.

What is the rent for unit 616?

AED 65,000 a year on the contract signed on 6 June 2018. The previous contract, from November 2016, was AED 81,000; the unit has been rented since March 2014.

How big is unit 616?

754 sqft (70.0 sqm): a one-bedroom apartment on the 6th floor of a 7-storey tower.

What is unit 616 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Al Ghozlan 2 sold for AED 1,200,000 to 1,600,000 in the last 12 months, around AED 1,888 per sqft.

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Mortgage on 616, Al Ghozlan 2

Starts from the last sale price (AED 975K, 21 October 2013). Switch to today's estimate once you have unlocked it.
Price
AED 975,000
Deposit, UAE resident (20%)
AED 195,000
Deposit, non-resident (40%)
AED 390,000
Monthly over 25 years at 3.7%
AED 3,989

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