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3-bed · 1,815 sqftAl Jaz 3, The Greens · 5th floor

508, Al Jaz 3

Sold prices and rental history: sold twice, last in April 2015, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 508 · DLD and Ejari recordsUpdated 16 September 2015
Last soldAED 1.15M14 April 2015
Current rentAED 160K /yr16 September 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 508, Al Jaz 3

What is 508 worth today?

Last sold for AED 1,150,000 in 2015

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16 Sep 2015RentedRenewal
AED 160,000/yr10 months · AED 88 per sqft
14 Apr 2015SoldReady
AED 1,150,000AED 633 per sqft
16 Sep 2014RentedNew contract
AED 160,000/yr12 months · AED 88 per sqft
1 Sep 2013RentedNew contract
AED 100,000/yr12 months · AED 55 per sqft
24 Mar 2008Sold by developerReady
AED 1,182,888AED 651 per sqft

Source: Dubai Land Department. Updated 16 September 2015.

Key facts

Type
3-bed apartment
Size
1,815 sqft
Floor
5th of 6
Parking
T3-B-07 , T3-B-08
Service charge
AED 29,500 /yr
Last sold
AED 1.15M · April 2015
Building
Al Jaz 3

About 508, Al Jaz 3

508 is a three-bedroom apartment of 1,815 sqft on the 5th floor of Al Jaz 3, a 6-storey tower in The Greens. It last sold on 14 April 2015 for AED 1,150,000, or AED 633 per sqft, 46% below the AED 1,180 three-beds in the building were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, renewed on 16 September 2015, is AED 160,000 a year: a gross yield of 13.9% on the 2015 price, before the service charge of about AED 29,500 a year.

Sales and rents for 508 over time

Sales
Unit 508, each saleTypical three-bed in Al Jaz 3
1M2M20082011201420172020Typical 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, March 2008: AED 1,182,888 (AED 651 per sqft)Sold, April 2015: AED 1,150,000 (AED 633 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 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, September 2013: AED 100,000 a yearNew contract, September 2014: AED 160,000 a yearRenewal, September 2015: AED 160,000 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 508 sits

All 30 3-beds →

508 last sold in April 2015 at AED 633 per sqft, 46% below what three-beds in Al Jaz 3 were fetching at the time (AED 1,180). 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. 508's AED 160,000 is in the lower half 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 5th floor

All 45 units in Al Jaz 3
Value
5073-bedAED 700K · May 2008

508, Al Jaz 3 in numbers

  • Sold twice: first on 24 March 2008 for AED 1,182,888, last on 14 April 2015 for AED 1,150,000 (AED 633 per sqft).
  • Rented since September 2013 on 3 Ejari contracts, from AED 100,000 to AED 160,000 a year.
  • At AED 160,000 a year the gross yield on the 2015 price is 13.9%, before a service charge of about AED 29,500 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 16 September 2015.

Questions about 508, Al Jaz 3

What did unit 508 last sell for?

AED 1,150,000 on 14 April 2015: AED 633 per sqft for 1,815 sqft. The unit has 2 registered sales; the first was AED 1,182,888 in March 2008.

What is the rent for unit 508?

AED 160,000 a year on the contract renewed on 16 September 2015. The previous contract, from September 2014, was AED 160,000; the unit has been rented since September 2013.

How big is unit 508?

1,815 sqft (168.6 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 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 508, Al Jaz 3

Starts from the last sale price (AED 1.15M, 14 April 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,150,000
Deposit, UAE resident (20%)
AED 230,000
Deposit, non-resident (40%)
AED 460,000
Monthly over 25 years at 3.7%
AED 4,705

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