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

508, Al Jaz 2

Sold prices and rental history: sold twice, last in November 2015, and rented once, from September 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 508 · DLD and Ejari recordsUpdated 11 November 2015
Last soldAED 2.4M11 November 2015
Current rentAED 170K /yr21 September 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 508, Al Jaz 2

What is 508 worth today?

Last sold for AED 2,400,000 in 2015

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11 Nov 2015SoldReady
AED 2,400,000AED 1,154 per sqft
21 Sep 2014RentedNew contract
AED 170,000/yr12 months · AED 82 per sqft
8 May 2007Sold by developerReady
AED 454,400AED 218 per sqft

Source: Dubai Land Department. Updated 11 November 2015.

Key facts

Type
3-bed apartment
Size
2,079 sqft
Floor
5th of 6
Parking
T2-B-07 , T2-B-08
Service charge
AED 33,800 /yr
Last sold
AED 2.4M · November 2015
Building
Al Jaz 2

About 508, Al Jaz 2

508 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 11 November 2015 for AED 2,400,000, or AED 1,154 per sqft.

One Ejari contract is registered, from 21 September 2014. The current contract, signed on 21 September 2014, is AED 170,000 a year: a gross yield of 7.1% on the 2015 price, before the service charge of about AED 33,800 a year.

Sales and rents for 508 over time

Sales
Unit 508, 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, May 2007: AED 454,400 (AED 218 per sqft)Sold, November 2015: AED 2,400,000 (AED 1,154 per sqft)

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

Rents
Unit 508, 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, September 2014: AED 170,000 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 508 sits

All 30 3-beds →

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. 508's AED 170,000 is in the lower 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
5073-bedAED 2.05M · Aug 2017

508, Al Jaz 2 in numbers

  • Sold twice: first on 8 May 2007 for AED 454,400, last on 11 November 2015 for AED 2,400,000 (AED 1,154 per sqft).
  • Rented since September 2014 on one Ejari contract, at AED 170,000 a year.
  • At AED 170,000 a year the gross yield on the 2015 price is 7.1%, 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 11 November 2015.

Questions about 508, Al Jaz 2

What did unit 508 last sell for?

AED 2,400,000 on 11 November 2015: AED 1,154 per sqft for 2,079 sqft. The unit has 2 registered sales; the first was AED 454,400 in May 2007.

What is the rent for unit 508?

AED 170,000 a year on the contract signed on 21 September 2014.

How big is unit 508?

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

What is unit 508 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 508, Al Jaz 2

Starts from the last sale price (AED 2.4M, 11 November 2015). Switch to today's estimate once you have unlocked it.
Price
AED 2,400,000
Deposit, UAE resident (20%)
AED 480,000
Deposit, non-resident (40%)
AED 960,000
Monthly over 25 years at 3.7%
AED 9,819

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