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1-bed · 680 sqftAl Nakheel 1, The Greens · 2nd floor

208, Al Nakheel 1

Sold prices and rental history: sold once, by the developer in June 2010, and rented once, from August 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 208 · DLD and Ejari recordsUpdated 1 August 2016
Last soldAED 650K24 June 2010
Current rentAED 133K /yr1 August 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 208, Al Nakheel 1

What is 208 worth today?

Last sold for AED 650,000 in 2010

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1 Aug 2016RentedNew contract
AED 133,000/yr6 months · AED 196 per sqft
24 Jun 2010Sold by developerReady
AED 650,000AED 955 per sqft

Source: Dubai Land Department. Updated 1 August 2016.

Key facts

Type
1-bed apartment
Size
680 sqft
Floor
2nd of 6
Parking
nan
Service charge
AED 12,000 /yr
Last sold
AED 650K · June 2010
Building
Al Nakheel 1

About 208, Al Nakheel 1

208 is a one-bedroom apartment of 680 sqft on the 2nd floor of Al Nakheel 1, a 6-storey tower in The Greens. The developer sold it on 24 June 2010 for AED 650,000, or AED 955 per sqft, 15% above the AED 834 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 August 2016. The current contract, signed on 1 August 2016, is AED 133,000 a year: a gross yield of 20.5% on the 2010 price, before the service charge of about AED 12,000 a year.

Sales and rents for 208 over time

Sales
Unit 208, each saleTypical one-bed in Al Nakheel 1
600K700K2008200920102011Typical sale price by year: 2008 AED 725,000; 2010 AED 605,000Sold by developer, June 2010: AED 650,000 (AED 955 per sqft)

208 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 208, each contractTypical one-bed in Al Nakheel 1
50K100K2013201720212025Typical rent by year: 2013 AED 65,000; 2014 AED 80,000; 2015 AED 87,000; 2016 AED 90,000; 2017 AED 83,000; 2018 AED 76,500; 2019 AED 66,000; 2020 AED 59,000; 2021 AED 55,000; 2022 AED 62,000; 2023 AED 63,000; 2024 AED 95,000; 2025 AED 95,000; 2026 AED 90,000New contract, August 2016: AED 133,000 a year

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

1-beds in Al Nakheel 1, and where 208 sits

All 10 1-beds →

208 last sold in June 2010 at AED 955 per sqft, 15% above what one-beds in Al Nakheel 1 were fetching at the time (AED 834). Over the last 12 months one-beds sold for AED 1,200,000, around AED 1,764 per sqft, and rent for AED 74,536 to 104,420 a year. 208's AED 133,000 is at the top of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
14 Aug 20261,200,000
21 May 20251,400,000
28 May 20241,300,000
17 Oct 20231,100,000
1 1-bed sale 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
2042-bedAED 1.55M · Mar 2018
2051-bedAED 930K · Feb 2013
2063-bedAED 2.12M · Nov 2015
2071-bedAED 1.2M · Apr 2015
1–7 of 11

208, Al Nakheel 1 in numbers

  • Sold once: by the developer on 24 June 2010 for AED 650,000, or AED 955 per sqft.
  • Rented since August 2016 on one Ejari contract, at AED 133,000 a year.
  • At AED 133,000 a year the gross yield on the 2010 price is 20.5%, before a service charge of about AED 12,000 a year (AED 17.68 per sqft).
  • One-beds in Al Nakheel 1 sold for AED 1,200,000–1,200,000 in the 12 months to November 2026; the building's median across all types is AED 1,780 per sqft.

Source: Dubai Land Department. Updated 1 August 2016.

Questions about 208, Al Nakheel 1

What did unit 208 last sell for?

AED 650,000 on 24 June 2010, sold by the developer: AED 955 per sqft for 680 sqft. It is the only registered sale of the unit.

What is the rent for unit 208?

AED 133,000 a year on the contract signed on 1 August 2016.

How big is unit 208?

680 sqft (63.2 sqm): a one-bedroom apartment on the 2nd floor of a 6-storey tower.

What is unit 208 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Al Nakheel 1 sold for AED 1,200,000 to 1,200,000 in the last 12 months, around AED 1,764 per sqft.

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Mortgage on 208, Al Nakheel 1

Starts from the last sale price (AED 650K, 24 June 2010). Switch to today's estimate once you have unlocked it.
Price
AED 650,000
Deposit, UAE resident (20%)
AED 130,000
Deposit, non-resident (40%)
AED 260,000
Monthly over 25 years at 3.7%
AED 2,659

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