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2-bed · 1,408 sqftAl Nakheel 1, The Greens · 3rd floor

312, Al Nakheel 1

Sold prices and rental history: sold 4 times, last in October 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 312 · DLD and Ejari recordsUpdated 26 October 2023
Last soldAED 1.68M26 October 2023
Current rentAED 98K /yr21 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 312, Al Nakheel 1

What is 312 worth today?

Last sold for AED 1,675,000 in 2023

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26 Oct 2023SoldReady
AED 1,675,000AED 1,189 per sqft
21 Mar 2023RentedRenewal
AED 98,175/yr12 months · AED 70 per sqft
21 Mar 2022RentedRenewal
AED 93,500/yr12 months · AED 66 per sqft
21 Mar 2021RentedNew contract
AED 85,000/yr12 months · AED 60 per sqft
26 Feb 2020RentedRenewal
AED 103,000/yr12 months · AED 73 per sqft
26 Feb 2019RentedRenewal
AED 103,000/yr12 months · AED 73 per sqft
26 Feb 2018RentedNew contract
AED 115,000/yr12 months · AED 82 per sqft
25 Jun 2017RentedNew contract
AED 130,000/yr12 months · AED 92 per sqft

Source: Dubai Land Department. Updated 26 October 2023.

Key facts

Type
2-bed apartment
Size
1,408 sqft
Floor
3rd of 6
Parking
nan
Service charge
AED 24,900 /yr
Last sold
AED 1.68M · October 2023
Building
Al Nakheel 1

About 312, Al Nakheel 1

312 is a two-bedroom apartment of 1,408 sqft on the 3rd floor of Al Nakheel 1, a 6-storey tower in The Greens. It last sold on 26 October 2023 for AED 1,675,000, or AED 1,189 per sqft.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, renewed on 21 March 2023, is AED 98,175 a year: a gross yield of 5.9% on the 2023 price, before the service charge of about AED 24,900 a year.

Sales and rents for 312 over time

Sales
Unit 312, each saleTypical two-bed in Al Nakheel 1
1M2M2008201320182023Typical 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, February 2009: AED 555,800 (AED 394 per sqft)Sold, June 2013: AED 1,525,000 (AED 1,082 per sqft)Sold, February 2016: AED 1,825,000 (AED 1,296 per sqft)Sold, October 2023: AED 1,675,000 (AED 1,189 per sqft)

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

Rents
Unit 312, each contractTypical two-bed in Al Nakheel 1
100K150K2013201720212025Typical 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, July 2013: AED 115,000 a yearNew contract, August 2014: AED 130,000 a yearNew contract, August 2015: AED 130,000 a yearNew contract, June 2017: AED 130,000 a yearNew contract, February 2018: AED 115,000 a yearRenewal, February 2019: AED 103,000 a yearRenewal, February 2020: AED 103,000 a yearNew contract, March 2021: AED 85,000 a yearRenewal, March 2022: AED 93,500 a yearRenewal, March 2023: AED 98,175 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 312 sits

All 14 2-beds →

312's AED 98,175 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
14 Dec 20232,010,000
1 Dec 20231,663,000
29 Sep 20221,025,000
17 Jan 20221,400,000
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 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
3071-bedAED 1.1M · Oct 2023
1–7 of 11

312, Al Nakheel 1 in numbers

  • Sold 4 times: first on 4 February 2009 for AED 555,800, last on 26 October 2023 for AED 1,675,000 (AED 1,189 per sqft).
  • Rented since July 2013 on 10 Ejari contracts. The rent fell from AED 115,000 to AED 85,000 in 2021 and recovered to AED 98,175 by March 2023.
  • At AED 98,175 a year the gross yield on the 2023 price is 5.9%, before a service charge of about AED 24,900 a year (AED 17.68 per sqft).

Source: Dubai Land Department. Updated 26 October 2023.

Questions about 312, Al Nakheel 1

What did unit 312 last sell for?

AED 1,675,000 on 26 October 2023: AED 1,189 per sqft for 1,408 sqft. The unit has 4 registered sales; the first was AED 555,800 in February 2009.

What is the rent for unit 312?

AED 98,175 a year on the contract renewed on 21 March 2023. The previous contract, from March 2022, was AED 93,500; the unit has been rented since July 2013.

How big is unit 312?

1,408 sqft (130.8 sqm): a two-bedroom apartment on the 3rd floor of a 6-storey tower.

What is unit 312 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 312, Al Nakheel 1

Starts from the last sale price (AED 1.68M, 26 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,675,000
Deposit, UAE resident (20%)
AED 335,000
Deposit, non-resident (40%)
AED 670,000
Monthly over 25 years at 3.7%
AED 6,853

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