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

407, Al Jaz 2

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

Unit 407 · DLD and Ejari recordsUpdated 12 June 2014
Last soldAED 1.2M12 June 2014
Current rentAED 17K /yr10 March 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 407, Al Jaz 2

What is 407 worth today?

Last sold for AED 1,200,000 in 2014

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12 Jun 2014SoldReady
AED 1,200,000AED 577 per sqft
10 Mar 2013RentedNew contract · flagged as an outlier
AED 16,666/yr2 months · AED 8 per sqft
15 Apr 2008Sold by developerReady
AED 883,800AED 425 per sqft

Source: Dubai Land Department. Updated 12 June 2014.

Key facts

Type
3-bed apartment
Size
2,076 sqft
Floor
4th of 6
Parking
T2-B-09 , T2-B-10
Service charge
AED 33,700 /yr
Last sold
AED 1.2M · June 2014
Building
Al Jaz 2

About 407, Al Jaz 2

407 is a three-bedroom apartment of 2,076 sqft on the 4th floor of Al Jaz 2, a 6-storey tower in The Greens. It last sold on 12 June 2014 for AED 1,200,000, or AED 577 per sqft, in line with the AED 577 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 10 March 2013. The current contract, signed on 10 March 2013, is AED 16,666 a year: a gross yield of 1.4% on the 2014 price, before the service charge of about AED 33,700 a year.

Sales and rents for 407 over time

Sales
Unit 407, each saleTypical three-bed in Al Jaz 2
1M2M2007201220172022Typical sale price by year: 2007 AED 678,800; 2008 AED 1,071,900; 2009 AED 843,800; 2010 AED 670,800; 2011 AED 1,030,000; 2013 AED 1,269,900; 2014 AED 2,325,000; 2017 AED 2,050,000; 2018 AED 1,600,000; 2021 AED 1,762,500; 2023 AED 2,200,000Sold by developer, April 2008: AED 883,800 (AED 425 per sqft)Sold, June 2014: AED 1,200,000 (AED 577 per sqft)

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

Rents
Unit 407, each contractTypical three-bed in Al Jaz 2
100K150K2013201720212025Typical rent by year: 2013 AED 144,000; 2014 AED 155,000; 2015 AED 160,000; 2016 AED 160,000; 2017 AED 153,000; 2018 AED 137,500; 2019 AED 120,000; 2020 AED 112,500; 2021 AED 110,000; 2022 AED 120,000; 2023 AED 127,375; 2024 AED 145,000; 2025 AED 175,000; 2026 AED 165,000

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

3-beds in Al Jaz 2, and where 407 sits

All 30 3-beds →

407 last sold in June 2014 at AED 577 per sqft, in line with what three-beds in Al Jaz 2 were fetching at the time (AED 577). Over the last 12 months three-beds sold for AED 3,630,000, around AED 1,753 per sqft, and rent for AED 132,825 to 210,000 a year. 407's AED 16,666 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
27 Feb 20263,630,000
27 May 20252,600,000
28 Nov 20243,600,000
22 Aug 20242,850,000
1 3-bed sale in the last 12 months

Al Jaz 2

Building

45 apartments, 2-bed to 4-bed over 6 floors in The Greens. 3 sold in the last 12 months.

Typical price per sqft
AED 1,739
Typical sale
AED 2.45M
Typical rent
AED 162K /yr
Typical yield
5.5%
Al Jaz 2, The Greens: prices, sales and rents →

Other units on the 4th floor

All 45 units in Al Jaz 2
Value
4083-bedAED 2.85M · Aug 2024

407, Al Jaz 2 in numbers

  • Sold twice: first on 15 April 2008 for AED 883,800, last on 12 June 2014 for AED 1,200,000 (AED 577 per sqft).
  • Rented since March 2013 on one Ejari contract, at AED 16,666 a year.
  • At AED 16,666 a year the gross yield on the 2014 price is 1.4%, before a service charge of about AED 33,700 a year (AED 16.24 per sqft).
  • Three-beds in Al Jaz 2 sold for AED 3,630,000–3,630,000 in the 12 months to November 2026; the building's median across all types is AED 1,739 per sqft.

Source: Dubai Land Department. Updated 12 June 2014.

Questions about 407, Al Jaz 2

What did unit 407 last sell for?

AED 1,200,000 on 12 June 2014: AED 577 per sqft for 2,076 sqft. The unit has 2 registered sales; the first was AED 883,800 in April 2008.

What is the rent for unit 407?

AED 16,666 a year on the contract signed on 10 March 2013.

How big is unit 407?

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

What is unit 407 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Al Jaz 2 sold for AED 3,630,000 to 3,630,000 in the last 12 months, around AED 1,753 per sqft.

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Mortgage on 407, Al Jaz 2

Starts from the last sale price (AED 1.2M, 12 June 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,200,000
Deposit, UAE resident (20%)
AED 240,000
Deposit, non-resident (40%)
AED 480,000
Monthly over 25 years at 3.7%
AED 4,910

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