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2-bed · 1,518 sqftAl Nakheel 1, The Greens · 2nd floor

204, Al Nakheel 1

Sold prices and rental history: sold twice, last in March 2018, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 204 · DLD and Ejari recordsUpdated 18 March 2018
Last soldAED 1.55M18 March 2018
Current rentAED 130K /yr16 August 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 204, Al Nakheel 1

What is 204 worth today?

Last sold for AED 1,550,000 in 2018

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18 Mar 2018SoldReady
AED 1,550,000AED 1,021 per sqft
16 Aug 2016RentedRenewal
AED 130,000/yr12 months · AED 86 per sqft
16 Aug 2015RentedNew contract
AED 130,000/yr12 months · AED 86 per sqft
16 Aug 2013RentedNew contract
AED 110,000/yr12 months · AED 72 per sqft
16 Aug 2012RentedNew contract
AED 105,000/yr12 months · AED 69 per sqft
1 Jun 2009Sold by developerReady
AED 705,800AED 465 per sqft

Source: Dubai Land Department. Updated 18 March 2018.

Key facts

Type
2-bed apartment
Size
1,518 sqft
Floor
2nd of 6
Parking
nan
Service charge
AED 26,800 /yr
Last sold
AED 1.55M · March 2018
Building
Al Nakheel 1

About 204, Al Nakheel 1

204 is a two-bedroom apartment of 1,518 sqft on the 2nd floor of Al Nakheel 1, a 6-storey tower in The Greens. It last sold on 18 March 2018 for AED 1,550,000, or AED 1,021 per sqft, in line with the AED 1,021 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 4 Ejari contracts. The current contract, renewed on 16 August 2016, is AED 130,000 a year: a gross yield of 8.4% on the 2018 price, before the service charge of about AED 26,800 a year.

Sales and rents for 204 over time

Sales
Unit 204, each saleTypical two-bed in Al Nakheel 1
500K1M1.5M20082012201620202024Typical sale price by year: 2008 AED 637,800; 2009 AED 650,000; 2010 AED 900,000; 2011 AED 1,350,000; 2023 AED 1,675,000Sold by developer, June 2009: AED 705,800 (AED 465 per sqft)Sold, March 2018: AED 1,550,000 (AED 1,021 per sqft)

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

Rents
Unit 204, each contractTypical two-bed in Al Nakheel 1
100K125K150K2012201620202024Typical rent by year: 2013 AED 110,000; 2014 AED 145,000; 2015 AED 130,000; 2016 AED 135,000; 2017 AED 125,000; 2018 AED 106,000; 2019 AED 101,500; 2020 AED 101,500; 2021 AED 90,000; 2022 AED 95,000; 2023 AED 101,588; 2024 AED 113,500; 2025 AED 115,000; 2026 AED 142,500New contract, August 2012: AED 105,000 a yearNew contract, August 2013: AED 110,000 a yearNew contract, August 2015: AED 130,000 a yearRenewal, August 2016: AED 130,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Al Nakheel 1, and where 204 sits

All 14 2-beds →

204 last sold in March 2018 at AED 1,021 per sqft, in line with what two-beds in Al Nakheel 1 were fetching at the time (AED 1,021). 204's AED 130,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
14 Dec 20232,010,000
1 Dec 20231,663,000
26 Oct 20231,675,000
29 Sep 20221,025,000
0 2-bed sales in the last 12 months

Al Nakheel 1

Building

53 apartments, 1-bed to 3-bed over 6 floors in The Greens. 3 sold in the last 12 months.

Typical price per sqft
AED 1,780
Typical sale
AED 3.2M
Typical rent
AED 138K /yr
Typical yield
5.5%
Al Nakheel 1, The Greens: prices, sales and rents →

Other units on the 2nd floor

All 53 units in Al Nakheel 1
Value
2012-bedAED 2.25M · Jun 2014
2023-bedAED 1.95M · Oct 2017
2033-bedAED 690K · Apr 2008
2051-bedAED 930K · Feb 2013
2063-bedAED 2.12M · Nov 2015
2071-bedAED 1.2M · Apr 2015
2081-bedAED 650K · Jun 2010
1–7 of 11

204, Al Nakheel 1 in numbers

  • Sold twice: first on 1 June 2009 for AED 705,800, last on 18 March 2018 for AED 1,550,000 (AED 1,021 per sqft).
  • Rented since August 2012 on 4 Ejari contracts, from AED 105,000 to AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2018 price is 8.4%, before a service charge of about AED 26,800 a year (AED 17.68 per sqft).

Source: Dubai Land Department. Updated 18 March 2018.

Questions about 204, Al Nakheel 1

What did unit 204 last sell for?

AED 1,550,000 on 18 March 2018: AED 1,021 per sqft for 1,518 sqft. The unit has 2 registered sales; the first was AED 705,800 in June 2009.

What is the rent for unit 204?

AED 130,000 a year on the contract renewed on 16 August 2016. The previous contract, from August 2015, was AED 130,000; the unit has been rented since August 2012.

How big is unit 204?

1,518 sqft (141.0 sqm): a two-bedroom apartment on the 2nd floor of a 6-storey tower.

What is unit 204 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 204, Al Nakheel 1

Starts from the last sale price (AED 1.55M, 18 March 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,550,000
Deposit, UAE resident (20%)
AED 310,000
Deposit, non-resident (40%)
AED 620,000
Monthly over 25 years at 3.7%
AED 6,342

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