1-bed · 754 sqftAl Ghozlan 3, The Greens · 4th floor

409, Al Ghozlan 3

Sold prices and rental history: sold 3 times, last in August 2023, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 409 · DLD and Ejari recordsUpdated 20 March 2024
Last soldAED 800K16 August 2023
Current rentAED 65K /yr20 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 409, Al Ghozlan 3

What is 409 worth today?

Last sold for AED 800,000 in 2023

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20 Mar 2024RentedNew contract
AED 65,000/yr13 months · AED 86 per sqft
16 Aug 2023SoldReady
AED 800,000AED 1,061 per sqft
20 Mar 2023RentedNew contract
AED 65,000/yr12 months · AED 86 per sqft
20 Feb 2022RentedNew contract
AED 45,600/yr12 months · AED 61 per sqft
20 Feb 2021RentedNew contract
AED 38,000/yr12 months · AED 50 per sqft
20 Dec 2019RentedNew contract
AED 45,000/yr12 months · AED 60 per sqft
7 Sep 2018RentedRenewal
AED 67,000/yr12 months · AED 89 per sqft
7 Sep 2017RentedRenewal
AED 72,000/yr12 months · AED 96 per sqft

Source: Dubai Land Department. Updated 20 March 2024.

Key facts

Type
1-bed apartment
Size
754 sqft
Floor
4th of 7
Parking
202.
Service charge
AED 12,500 /yr
Last sold
AED 800K · August 2023
Building
Al Ghozlan 3

About 409, Al Ghozlan 3

409 is a one-bedroom apartment of 754 sqft on the 4th floor of Al Ghozlan 3, a 7-storey tower in The Greens. It last sold on 16 August 2023 for AED 800,000, or AED 1,061 per sqft, in line with the AED 1,050 one-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 9 Ejari contracts. The current contract, signed on 20 March 2024, is AED 65,000 a year: a gross yield of 8.1% on the 2023 price, before the service charge of about AED 12,500 a year.

Sales and rents for 409 over time

Sales
Unit 409, each saleTypical one-bed in Al Ghozlan 3
500K1M1.5M2008201320182023Typical sale price by year: 2008 AED 956,500; 2009 AED 824,738; 2010 AED 690,000; 2011 AED 540,000; 2012 AED 699,500; 2013 AED 919,444; 2014 AED 1,150,000; 2015 AED 1,040,000; 2016 AED 960,000; 2017 AED 550,000; 2018 AED 977,500; 2020 AED 628,750; 2021 AED 600,000; 2022 AED 650,000; 2023 AED 850,000; 2024 AED 1,100,000; 2025 AED 1,310,000; 2026 AED 1,425,000Sold by developer, January 2012: AED 1,100,000 (AED 1,459 per sqft)Sold, February 2012: AED 555,000 (AED 736 per sqft)Sold, August 2023: AED 800,000 (AED 1,061 per sqft)

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

Rents
Unit 409, each contractTypical one-bed in Al Ghozlan 3
50K75K2012201620202024Typical rent by year: 2012 AED 58,500; 2013 AED 70,000; 2014 AED 85,000; 2015 AED 84,000; 2016 AED 85,000; 2017 AED 80,000; 2018 AED 70,000; 2019 AED 60,000; 2020 AED 50,000; 2021 AED 44,000; 2022 AED 52,020; 2023 AED 65,000; 2024 AED 73,836; 2025 AED 78,000; 2026 AED 80,000New contract, August 2015: AED 77,702 a yearNew contract, September 2016: AED 72,000 a yearRenewal, September 2017: AED 72,000 a yearRenewal, September 2018: AED 67,000 a yearNew contract, December 2019: AED 45,000 a yearNew contract, February 2021: AED 38,000 a yearNew contract, February 2022: AED 45,600 a yearNew contract, March 2023: AED 65,000 a yearNew contract, March 2024: 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 3, and where 409 sits

All 75 1-beds →

409 last sold in August 2023 at AED 1,061 per sqft, in line with what one-beds in Al Ghozlan 3 were fetching at the time (AED 1,050). Over the last 12 months one-beds sold for AED 1,350,000 to 1,590,000, around AED 1,811 per sqft, and rent for AED 63,250 to 130,000 a year. 409's AED 65,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
10 Sep 20261,370,000
26 Aug 20261,400,000
18 May 20261,450,000
31 Mar 20261,365,000
9 1-bed sales in the last 12 months

Al Ghozlan 3

Building

108 apartments, 1-bed to 2-bed over 7 floors in The Greens. 10 sold in the last 12 months.

Typical price per sqft
AED 1,801 Up 13.3%
Typical sale
AED 1.45M
Typical rent
AED 85K /yr
Typical yield
5.7%
Al Ghozlan 3, The Greens: prices, sales and rents →

Other units on the 4th floor

All 108 units in Al Ghozlan 3
Value
4011-bedAED 845K · Apr 2023
4021-bedAED 875K · Nov 2012
4031-bedAED 475K · May 2008
4041-bedAED 1.45M · Mar 2026
4052-bedAED 1.83M · Jan 2014
4061-bedAED 1.5M · Jan 2026
4071-bedAED 895K · May 2013
1–7 of 18

409, Al Ghozlan 3 in numbers

  • Sold 3 times: first on 25 January 2012 for AED 1,100,000, last on 16 August 2023 for AED 800,000 (AED 1,061 per sqft).
  • Rented since August 2015 on 9 Ejari contracts. The rent fell from AED 77,702 to AED 38,000 in 2021 and recovered to AED 65,000 by March 2024.
  • At AED 65,000 a year the gross yield on the 2023 price is 8.1%, before a service charge of about AED 12,500 a year (AED 16.62 per sqft).
  • One-beds in Al Ghozlan 3 sold for AED 1,350,000–1,590,000 in the 12 months to November 2026; the building's median across all types is AED 1,801 per sqft.

Source: Dubai Land Department. Updated 20 March 2024.

Questions about 409, Al Ghozlan 3

What did unit 409 last sell for?

AED 800,000 on 16 August 2023: AED 1,061 per sqft for 754 sqft. The unit has 3 registered sales; the first was AED 1,100,000 in January 2012.

What is the rent for unit 409?

AED 65,000 a year on the contract signed on 20 March 2024. The previous contract, from March 2023, was AED 65,000; the unit has been rented since August 2015.

How big is unit 409?

754 sqft (70.0 sqm): a one-bedroom apartment on the 4th floor of a 7-storey tower.

What is unit 409 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 3 sold for AED 1,350,000 to 1,590,000 in the last 12 months, around AED 1,811 per sqft.

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Mortgage on 409, Al Ghozlan 3

Starts from the last sale price (AED 800K, 16 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 800,000
Deposit, UAE resident (20%)
AED 160,000
Deposit, non-resident (40%)
AED 320,000
Monthly over 25 years at 3.7%
AED 3,273

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