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1-bed · 985 sqftAl Nakheel 1, The Greens · 3rd floor

307, Al Nakheel 1

Sold prices and rental history: sold 6 times, last in October 2023, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 307 · DLD and Ejari recordsUpdated 17 October 2023
Last soldAED 1.1M17 October 2023
Current rentAED 62K /yr15 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 307, Al Nakheel 1

What is 307 worth today?

Last sold for AED 1,100,000 in 2023

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17 Oct 2023SoldReady
AED 1,100,000AED 1,116 per sqft
15 Nov 2022RentedNew contract
AED 62,000/yr12 months · AED 63 per sqft
15 Oct 2020RentedNew contract
AED 58,000/yr12 months · AED 59 per sqft
27 Oct 2019RentedRenewal
AED 72,000/yr12 months · AED 73 per sqft
27 Oct 2018RentedRenewal
AED 83,000/yr12 months · AED 84 per sqft
27 Oct 2017RentedRenewal
AED 83,000/yr12 months · AED 84 per sqft
27 Oct 2016RentedNew contract
AED 94,500/yr12 months · AED 95 per sqft
19 Jun 2014SoldReady
AED 1,425,000AED 1,446 per sqft

Source: Dubai Land Department. Updated 17 October 2023.

Key facts

Type
1-bed apartment
Size
985 sqft
Floor
3rd of 6
Parking
nan
Service charge
AED 17,400 /yr
Last sold
AED 1.1M · October 2023
Building
Al Nakheel 1

About 307, Al Nakheel 1

307 is a one-bedroom apartment of 985 sqft on the 3rd floor of Al Nakheel 1, a 6-storey tower in The Greens. It last sold on 17 October 2023 for AED 1,100,000, or AED 1,116 per sqft.

It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, signed on 15 November 2022, is AED 62,000 a year: a gross yield of 5.6% on the 2023 price, before the service charge of about AED 17,400 a year.

Sales and rents for 307 over time

Sales
Unit 307, each saleTypical one-bed in Al Nakheel 1
1M2M2007201220172022Typical sale price by year: 2008 AED 725,000; 2010 AED 605,000Sold by developer, July 2007: AED 725,000 (AED 735 per sqft)Sold, June 2008: AED 1,800,000 (AED 1,827 per sqft)Sold, May 2012: AED 810,000 (AED 822 per sqft)Sold, July 2012: AED 927,500 (AED 941 per sqft)Sold, June 2014: AED 1,425,000 (AED 1,446 per sqft)Sold, October 2023: AED 1,100,000 (AED 1,116 per sqft)

307 has sold 6 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 307, each contractTypical one-bed in Al Nakheel 1
60K80K100K2013201720212025Typical 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, October 2016: AED 94,500 a yearRenewal, October 2017: AED 83,000 a yearRenewal, October 2018: AED 83,000 a yearRenewal, October 2019: AED 72,000 a yearNew contract, October 2020: AED 58,000 a yearNew contract, November 2022: AED 62,000 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 307 sits

All 10 1-beds →

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. 307's AED 62,000 is at the bottom 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
1 Jul 2022635,000
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 3rd floor

All 53 units in Al Nakheel 1
Value
3012-bedAED 1.58M · Jun 2010
3023-bedAED 1.8M · Jan 2017
3033-bedAED 697K · Jan 2008
3042-bedAED 1M · Oct 2017
3051-bedAED 1.3M · May 2024
3063-bedAED 646K · Jun 2010
3081-bedAED 1.2M · Aug 2026
1–7 of 11

307, Al Nakheel 1 in numbers

  • Sold 6 times: first on 23 July 2007 for AED 725,000, last on 17 October 2023 for AED 1,100,000 (AED 1,116 per sqft).
  • Rented since October 2016 on 6 Ejari contracts, from AED 94,500 to AED 62,000 a year.
  • At AED 62,000 a year the gross yield on the 2023 price is 5.6%, before a service charge of about AED 17,400 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 17 October 2023.

Questions about 307, Al Nakheel 1

What did unit 307 last sell for?

AED 1,100,000 on 17 October 2023: AED 1,116 per sqft for 985 sqft. The unit has 6 registered sales; the first was AED 725,000 in July 2007.

What is the rent for unit 307?

AED 62,000 a year on the contract signed on 15 November 2022. The previous contract, from October 2020, was AED 58,000; the unit has been rented since October 2016.

How big is unit 307?

985 sqft (91.5 sqm): a one-bedroom apartment on the 3rd floor of a 6-storey tower.

What is unit 307 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 307, Al Nakheel 1

Starts from the last sale price (AED 1.1M, 17 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,100,000
Deposit, UAE resident (20%)
AED 220,000
Deposit, non-resident (40%)
AED 440,000
Monthly over 25 years at 3.7%
AED 4,500

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