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3-bed · 1,996 sqftAl Jaz 3, The Greens · 4th floor

407, Al Jaz 3

Sold prices and rental history: sold 4 times, last in July 2022, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 407 · DLD and Ejari recordsUpdated 20 July 2022
Last soldAED 1.03M20 July 2022
Current rentAED 120K /yr1 October 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 407, Al Jaz 3

What is 407 worth today?

Last sold for AED 1,025,000 in 2022

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20 Jul 2022SoldReady
AED 1,025,000AED 513 per sqft
1 Oct 2021RentedNew contract
AED 120,000/yr12 months · AED 60 per sqft
1 Oct 2020RentedNew contract
AED 110,000/yr12 months · AED 55 per sqft
3 Sep 2018SoldReady
AED 1,815,000AED 909 per sqft
1 Mar 2018RentedNew contract
AED 150,000/yr12 months · AED 75 per sqft
12 Jul 2012RentedNew contract
AED 145,000/yr12 months · AED 80 per sqft
22 Apr 2009SoldReady
AED 1,500,000AED 827 per sqft
7 May 2008Sold by developerReady
AED 1,750,000AED 934 per sqft

Source: Dubai Land Department. Updated 20 July 2022.

Key facts

Type
3-bed apartment
Size
1,996 sqft
Floor
4th of 6
Parking
T3-B-09 , T3-B-10
Service charge
AED 32,400 /yr
Last sold
AED 1.03M · July 2022
Building
Al Jaz 3

About 407, Al Jaz 3

407 is a three-bedroom apartment of 1,996 sqft on the 4th floor of Al Jaz 3, a 6-storey tower in The Greens. It last sold on 20 July 2022 for AED 1,025,000, or AED 513 per sqft.

It has been rented continuously since 2012 on 4 Ejari contracts. The current contract, signed on 1 October 2021, is AED 120,000 a year: a gross yield of 11.7% on the 2022 price, before the service charge of about AED 32,400 a year.

Sales and rents for 407 over time

Sales
Unit 407, each saleTypical three-bed in Al Jaz 3
1M2M2008201220162020Typical sale price by year: 2008 AED 843,800; 2009 AED 675,300; 2010 AED 675,800; 2011 AED 1,000,000; 2013 AED 1,321,900; 2014 AED 2,210,530; 2016 AED 1,800,000; 2019 AED 1,390,000Sold by developer, May 2008: AED 1,750,000 (AED 934 per sqft)Sold, April 2009: AED 1,500,000 (AED 827 per sqft)Sold, September 2018: AED 1,815,000 (AED 909 per sqft)Sold, July 2022: AED 1,025,000 (AED 513 per sqft)

407 has sold 4 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 407, each contractTypical three-bed in Al Jaz 3
100K150K2012201620202024Typical rent by year: 2012 AED 122,500; 2013 AED 135,000; 2014 AED 146,227; 2015 AED 157,500; 2016 AED 154,000; 2017 AED 155,000; 2018 AED 146,479; 2019 AED 120,000; 2020 AED 112,500; 2021 AED 106,500; 2022 AED 123,000; 2023 AED 132,500; 2024 AED 160,000; 2025 AED 180,000; 2026 AED 170,000New contract, July 2012: AED 145,000 a yearNew contract, March 2018: AED 150,000 a yearNew contract, October 2020: AED 110,000 a yearNew contract, October 2021: AED 120,000 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 3, and where 407 sits

All 30 3-beds →

Over the last 12 months three-beds sold for AED 2,580,000 to 3,350,000, around AED 1,605 per sqft, and rent for AED 140,000 to 280,001 a year. 407's AED 120,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
1 Sep 20263,350,000
11 Dec 20252,580,000
6 Jan 20253,075,000
30 Jul 20242,065,000
2 3-bed sales in the last 12 months

Al Jaz 3

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 1,708
Typical sale
AED 2.58M
Typical rent
AED 170K /yr
Typical yield
5.8%
Al Jaz 3, The Greens: prices, sales and rents →

Other units on the 4th floor

All 45 units in Al Jaz 3
Value
4083-bedAED 442K · May 2008

407, Al Jaz 3 in numbers

  • Sold 4 times: first on 7 May 2008 for AED 1,750,000, last on 20 July 2022 for AED 1,025,000 (AED 513 per sqft).
  • Rented since July 2012 on 4 Ejari contracts, from AED 145,000 to AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2022 price is 11.7%, before a service charge of about AED 32,400 a year (AED 16.24 per sqft).
  • Three-beds in Al Jaz 3 sold for AED 2,580,000–3,350,000 in the 12 months to November 2026; the building's median across all types is AED 1,708 per sqft.

Source: Dubai Land Department. Updated 20 July 2022.

Questions about 407, Al Jaz 3

What did unit 407 last sell for?

AED 1,025,000 on 20 July 2022: AED 513 per sqft for 1,996 sqft. The unit has 4 registered sales; the first was AED 1,750,000 in May 2008.

What is the rent for unit 407?

AED 120,000 a year on the contract signed on 1 October 2021. The previous contract, from October 2020, was AED 110,000; the unit has been rented since July 2012.

How big is unit 407?

1,996 sqft (185.4 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 3 sold for AED 2,580,000 to 3,350,000 in the last 12 months, around AED 1,605 per sqft.

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Mortgage on 407, Al Jaz 3

Starts from the last sale price (AED 1.03M, 20 July 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,025,000
Deposit, UAE resident (20%)
AED 205,000
Deposit, non-resident (40%)
AED 410,000
Monthly over 25 years at 3.7%
AED 4,194

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