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3-bed · 2,126 sqftAl Jaz 2, The Greens · 6th floor

608, Al Jaz 2

Sold prices and rental history: sold twice, last in May 2019, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 608 · DLD and Ejari recordsUpdated 13 May 2019
Last soldAED 1.73M13 May 2019
Current rentAED 140K /yr15 December 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 608, Al Jaz 2

What is 608 worth today?

Last sold for AED 1,725,000 in 2019

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13 May 2019SoldReady
AED 1,725,000AED 811 per sqft
15 Dec 2018RentedRenewal
AED 140,000/yr12 months · AED 66 per sqft
15 Dec 2017RentedNew contract
AED 153,000/yr12 months · AED 72 per sqft
1 Dec 2016RentedRenewal
AED 165,000/yr12 months · AED 77 per sqft
1 Dec 2015RentedNew contract
AED 165,000/yr12 months · AED 77 per sqft
9 Oct 2013RentedNew contract
AED 175,000/yr12 months · AED 82 per sqft
13 Feb 2011Sold by developerReady
AED 1,300,000AED 611 per sqft

Source: Dubai Land Department. Updated 13 May 2019.

Key facts

Type
3-bed apartment
Size
2,126 sqft
Floor
6th of 6
Parking
T2-B-01 , T2-B-02
Service charge
AED 34,500 /yr
Last sold
AED 1.73M · May 2019
Building
Al Jaz 2

About 608, Al Jaz 2

608 is a three-bedroom apartment of 2,126 sqft on the 6th floor of Al Jaz 2, a 6-storey tower in The Greens. It last sold on 13 May 2019 for AED 1,725,000, or AED 811 per sqft, 4% below the AED 845 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, renewed on 15 December 2018, is AED 140,000 a year: a gross yield of 8.1% on the 2019 price, before the service charge of about AED 34,500 a year.

Sales and rents for 608 over time

Sales
Unit 608, 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, February 2011: AED 1,300,000 (AED 611 per sqft)Sold, May 2019: AED 1,725,000 (AED 811 per sqft)

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

Rents
Unit 608, 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, October 2013: AED 175,000 a yearNew contract, December 2015: AED 165,000 a yearRenewal, December 2016: AED 165,000 a yearNew contract, December 2017: AED 153,000 a yearRenewal, December 2018: AED 140,000 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 608 sits

All 30 3-beds →

608 last sold in May 2019 at AED 811 per sqft, 4% below what three-beds in Al Jaz 2 were fetching at the time (AED 845). 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. 608's AED 140,000 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 6th floor

All 45 units in Al Jaz 2
Value
6073-bedAED 1.8M · Aug 2018

608, Al Jaz 2 in numbers

  • Sold twice: first on 13 February 2011 for AED 1,300,000, last on 13 May 2019 for AED 1,725,000 (AED 811 per sqft).
  • Rented since October 2013 on 5 Ejari contracts, from AED 175,000 to AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2019 price is 8.1%, before a service charge of about AED 34,500 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 13 May 2019.

Questions about 608, Al Jaz 2

What did unit 608 last sell for?

AED 1,725,000 on 13 May 2019: AED 811 per sqft for 2,126 sqft. The unit has 2 registered sales; the first was AED 1,300,000 in February 2011.

What is the rent for unit 608?

AED 140,000 a year on the contract renewed on 15 December 2018. The previous contract, from December 2017, was AED 153,000; the unit has been rented since October 2013.

How big is unit 608?

2,126 sqft (197.5 sqm): a three-bedroom apartment on the 6th floor of a 6-storey tower.

What is unit 608 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 608, Al Jaz 2

Starts from the last sale price (AED 1.73M, 13 May 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,725,000
Deposit, UAE resident (20%)
AED 345,000
Deposit, non-resident (40%)
AED 690,000
Monthly over 25 years at 3.7%
AED 7,058

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