1-bed · 758 sqftAl Ghozlan 4, The Greens · 4th floor

408, Al Ghozlan 4

Sold prices and rental history: sold 6 times, last in August 2017, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 408 · DLD and Ejari recordsUpdated 15 January 2024
Last soldAED 900K22 August 2017
Current rentAED 60K /yr15 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 408, Al Ghozlan 4

What is 408 worth today?

Last sold for AED 900,000 in 2017

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15 Jan 2024RentedRenewal
AED 60,000/yr12 months · AED 80 per sqft
15 Jan 2023RentedNew contract
AED 51,000/yr12 months · AED 68 per sqft
15 Jan 2022RentedNew contract
AED 50,000/yr12 months · AED 66 per sqft
5 Nov 2019RentedNew contract
AED 52,000/yr12 months · AED 69 per sqft
7 Oct 2018RentedNew contract
AED 63,000/yr12 months · AED 84 per sqft
22 Aug 2017SoldReady
AED 900,000AED 1,187 per sqft
20 Aug 2017RentedNew contract
AED 74,000/yr12 months · AED 98 per sqft
14 Aug 2016RentedRenewal
AED 78,210/yr12 months · AED 104 per sqft

Source: Dubai Land Department. Updated 15 January 2024.

Key facts

Type
1-bed apartment
Size
758 sqft
Floor
4th of 7
Parking
281.
Service charge
AED 12,600 /yr
Last sold
AED 900K · August 2017
Building
Al Ghozlan 4

About 408, Al Ghozlan 4

408 is a one-bedroom apartment of 758 sqft on the 4th floor of Al Ghozlan 4, a 7-storey tower in The Greens. It last sold on 22 August 2017 for AED 900,000, or AED 1,187 per sqft, 10% below the AED 1,312 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, renewed on 15 January 2024, is AED 60,000 a year: a gross yield of 6.7% on the 2017 price, before the service charge of about AED 12,600 a year.

Sales and rents for 408 over time

Sales
Unit 408, each saleTypical one-bed in Al Ghozlan 4
500K1M1.5M2008201320182023Typical sale price by year: 2008 AED 894,888; 2009 AED 790,999; 2010 AED 482,378; 2011 AED 545,000; 2012 AED 565,046; 2013 AED 900,000; 2014 AED 1,175,000; 2015 AED 1,000,000; 2016 AED 803,428; 2017 AED 1,035,000; 2018 AED 890,000; 2021 AED 720,000; 2022 AED 695,543; 2023 AED 1,000,000; 2024 AED 1,100,000; 2025 AED 1,360,000; 2026 AED 1,365,000Sold by developer, May 2008: AED 425,072 (AED 560 per sqft)Sold, January 2012: AED 551,699 (AED 727 per sqft)Sold, June 2013: AED 903,000 (AED 1,190 per sqft)Sold, July 2013: AED 1,005,000 (AED 1,325 per sqft)Sold, June 2014: AED 1,200,000 (AED 1,582 per sqft)Sold, August 2017: AED 900,000 (AED 1,187 per sqft)

408 has sold 6 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 408, each contractTypical one-bed in Al Ghozlan 4
40K60K80K2012201620202024Typical rent by year: 2012 AED 67,500; 2013 AED 65,000; 2014 AED 80,000; 2015 AED 84,000; 2016 AED 83,000; 2017 AED 77,000; 2018 AED 70,000; 2019 AED 63,000; 2020 AED 49,000; 2021 AED 45,000; 2022 AED 52,950; 2023 AED 63,663; 2024 AED 75,000; 2025 AED 83,500; 2026 AED 84,000New contract, August 2013: AED 72,000 a yearNew contract, August 2014: AED 75,000 a yearRenewal, August 2015: AED 77,000 a yearRenewal, August 2016: AED 78,210 a yearNew contract, August 2017: AED 74,000 a yearNew contract, October 2018: AED 63,000 a yearNew contract, November 2019: AED 52,000 a yearNew contract, January 2022: AED 50,000 a yearNew contract, January 2023: AED 51,000 a yearRenewal, January 2024: AED 60,000 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 4, and where 408 sits

All 65 1-beds →

408 last sold in August 2017 at AED 1,187 per sqft, 10% below what one-beds in Al Ghozlan 4 were fetching at the time (AED 1,312). Over the last 12 months one-beds sold for AED 1,300,000 to 1,450,000, around AED 1,672 per sqft, and rent for AED 65,000 to 135,000 a year. 408's AED 60,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
3 Sep 20261,450,000
2 Jun 20261,300,000
3 Apr 20261,330,000
21 Jan 20261,400,000
4 1-bed sales in the last 12 months

Al Ghozlan 4

Building

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

Typical price per sqft
AED 1,713
Typical sale
AED 1.4M
Typical rent
AED 85K /yr
Typical yield
6.5%
Al Ghozlan 4, The Greens: prices, sales and rents →

Other units on the 4th floor

All 118 units in Al Ghozlan 4
Value
4011-bedAED 850K · Jan 2023
4021-bedAED 1.15M · Feb 2017
4031-bedAED 1.33M · Apr 2026
4041-bedAED 1M · Jun 2023
4052-bedAED 2.25M · Mar 2025
4061-bedAED 1.1M · May 2025
4071-bedAED 860K · May 2013
1–7 of 20

408, Al Ghozlan 4 in numbers

  • Sold 6 times: first on 20 May 2008 for AED 425,072, last on 22 August 2017 for AED 900,000 (AED 1,187 per sqft).
  • Rented since August 2013 on 10 Ejari contracts. The rent fell from AED 72,000 to AED 50,000 in 2022 and recovered to AED 60,000 by January 2024.
  • At AED 60,000 a year the gross yield on the 2017 price is 6.7%, before a service charge of about AED 12,600 a year (AED 16.62 per sqft).
  • One-beds in Al Ghozlan 4 sold for AED 1,300,000–1,450,000 in the 12 months to November 2026; the building's median across all types is AED 1,713 per sqft.

Source: Dubai Land Department. Updated 15 January 2024.

Questions about 408, Al Ghozlan 4

What did unit 408 last sell for?

AED 900,000 on 22 August 2017: AED 1,187 per sqft for 758 sqft. The unit has 6 registered sales; the first was AED 425,072 in May 2008.

What is the rent for unit 408?

AED 60,000 a year on the contract renewed on 15 January 2024. The previous contract, from January 2023, was AED 51,000; the unit has been rented since August 2013.

How big is unit 408?

758 sqft (70.4 sqm): a one-bedroom apartment on the 4th floor of a 7-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. One-beds in Al Ghozlan 4 sold for AED 1,300,000 to 1,450,000 in the last 12 months, around AED 1,672 per sqft.

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Mortgage on 408, Al Ghozlan 4

Starts from the last sale price (AED 900K, 22 August 2017). Switch to today's estimate once you have unlocked it.
Price
AED 900,000
Deposit, UAE resident (20%)
AED 180,000
Deposit, non-resident (40%)
AED 360,000
Monthly over 25 years at 3.7%
AED 3,682

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