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3-bed · 2,079 sqftAl Jaz 2, The Greens · 5th floor

507, Al Jaz 2

Sold prices and rental history: sold twice, 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 507 · DLD and Ejari recordsUpdated 8 August 2017
Last soldAED 2.05M8 August 2017
Current rentAED 175K /yr20 August 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 507, Al Jaz 2

What is 507 worth today?

Last sold for AED 2,050,000 in 2017

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8 Aug 2017SoldReady
AED 2,050,000AED 986 per sqft
20 Aug 2016RentedRenewal
AED 175,000/yr12 months · AED 84 per sqft
20 Aug 2015RentedNew contract
AED 170,000/yr12 months · AED 82 per sqft
21 Aug 2014RentedNew contract
AED 185,000/yr12 months · AED 89 per sqft
16 Jul 2013RentedNew contract
AED 175,000/yr12 months · AED 84 per sqft
19 Oct 2008Sold by developerReady
AED 2,193,906AED 1,055 per sqft

Source: Dubai Land Department. Updated 8 August 2017.

Key facts

Type
3-bed apartment
Size
2,079 sqft
Floor
5th of 6
Parking
T2-B-05 , T2-B-06
Service charge
AED 33,800 /yr
Last sold
AED 2.05M · August 2017
Building
Al Jaz 2

About 507, Al Jaz 2

507 is a three-bedroom apartment of 2,079 sqft on the 5th floor of Al Jaz 2, a 6-storey tower in The Greens. It last sold on 8 August 2017 for AED 2,050,000, or AED 986 per sqft, 6% below the AED 1,050 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, renewed on 20 August 2016, is AED 175,000 a year: a gross yield of 8.5% on the 2017 price, before the service charge of about AED 33,800 a year.

Sales and rents for 507 over time

Sales
Unit 507, 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, October 2008: AED 2,193,906 (AED 1,055 per sqft)Sold, August 2017: AED 2,050,000 (AED 986 per sqft)

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

Rents
Unit 507, 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 165,000New contract, July 2013: AED 175,000 a yearNew contract, August 2014: AED 185,000 a yearNew contract, August 2015: AED 170,000 a yearRenewal, August 2016: AED 175,000 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 Jaz 2, and where 507 sits

All 30 3-beds →

507 last sold in August 2017 at AED 986 per sqft, 6% below what three-beds in Al Jaz 2 were fetching at the time (AED 1,050). 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. 507's AED 175,000 is in the upper half 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 5th floor

All 45 units in Al Jaz 2
Value
5083-bedAED 2.4M · Nov 2015

507, Al Jaz 2 in numbers

  • Sold twice: first on 19 October 2008 for AED 2,193,906, last on 8 August 2017 for AED 2,050,000 (AED 986 per sqft).
  • Rented since July 2013 on 4 Ejari contracts, at AED 175,000 a year.
  • At AED 175,000 a year the gross yield on the 2017 price is 8.5%, before a service charge of about AED 33,800 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 8 August 2017.

Questions about 507, Al Jaz 2

What did unit 507 last sell for?

AED 2,050,000 on 8 August 2017: AED 986 per sqft for 2,079 sqft. The unit has 2 registered sales; the first was AED 2,193,906 in October 2008.

What is the rent for unit 507?

AED 175,000 a year on the contract renewed on 20 August 2016. The previous contract, from August 2015, was AED 170,000; the unit has been rented since July 2013.

How big is unit 507?

2,079 sqft (193.1 sqm): a three-bedroom apartment on the 5th floor of a 6-storey tower.

What is unit 507 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 507, Al Jaz 2

Starts from the last sale price (AED 2.05M, 8 August 2017). Switch to today's estimate once you have unlocked it.
Price
AED 2,050,000
Deposit, UAE resident (20%)
AED 410,000
Deposit, non-resident (40%)
AED 820,000
Monthly over 25 years at 3.7%
AED 8,387

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