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3-bed · 2,076 sqftAl Nakheel 1, The Greens · 4th floor

409, Al Nakheel 1

Sold prices and rental history: sold twice, last in July 2018, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 409 · DLD and Ejari recordsUpdated 10 July 2018
Last soldAED 1.72M10 July 2018
Current rentAED 130K /yr6 July 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 409, Al Nakheel 1

What is 409 worth today?

Last sold for AED 1,717,994 in 2018

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10 Jul 2018SoldReady
AED 1,717,994AED 827 per sqft
6 Jul 2018RentedRenewal
AED 130,000/yr12 months · AED 63 per sqft
6 Jul 2017RentedRenewal
AED 130,000/yr12 months · AED 63 per sqft
6 Jul 2016RentedRenewal
AED 130,000/yr12 months · AED 63 per sqft
6 Jul 2015RentedRenewal
AED 130,000/yr12 months · AED 63 per sqft
6 Jul 2014RentedRenewal
AED 130,000/yr12 months · AED 63 per sqft
6 Jul 2013RentedNew contract
AED 130,000/yr12 months · AED 63 per sqft
1 Jun 2009Sold by developerReady
AED 883,800AED 425 per sqft

Source: Dubai Land Department. Updated 10 July 2018.

Key facts

Type
3-bed apartment
Size
2,076 sqft
Floor
4th of 6
Parking
nan
Service charge
AED 36,700 /yr
Last sold
AED 1.72M · July 2018
Building
Al Nakheel 1

About 409, Al Nakheel 1

409 is a three-bedroom apartment of 2,076 sqft on the 4th floor of Al Nakheel 1, a 6-storey tower in The Greens. It last sold on 10 July 2018 for AED 1,717,994, or AED 827 per sqft, 16% below the AED 987 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, renewed on 6 July 2018, is AED 130,000 a year: a gross yield of 7.6% on the 2018 price, before the service charge of about AED 36,700 a year.

Sales and rents for 409 over time

Sales
Unit 409, each saleTypical three-bed in Al Nakheel 1
1M2M2008201220162020Typical sale price by year: 2008 AED 908,800; 2010 AED 454,400; 2011 AED 1,300,000; 2012 AED 679,300; 2014 AED 2,230,000; 2016 AED 2,000,000; 2017 AED 1,892,500; 2021 AED 1,800,000Sold by developer, June 2009: AED 883,800 (AED 425 per sqft)Sold, July 2018: AED 1,717,994 (AED 827 per sqft)

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

Rents
Unit 409, each contractTypical three-bed in Al Nakheel 1
100K150K2012201620202024Typical rent by year: 2012 AED 132,500; 2013 AED 135,000; 2014 AED 149,241; 2015 AED 155,000; 2016 AED 155,000; 2017 AED 146,000; 2018 AED 132,500; 2019 AED 120,000; 2020 AED 110,000; 2021 AED 112,000; 2022 AED 122,500; 2023 AED 139,700; 2024 AED 160,000; 2025 AED 180,000; 2026 AED 185,000New contract, July 2013: AED 130,000 a yearRenewal, July 2014: AED 130,000 a yearRenewal, July 2015: AED 130,000 a yearRenewal, July 2016: AED 130,000 a yearRenewal, July 2017: AED 130,000 a yearRenewal, July 2018: AED 130,000 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 Nakheel 1, and where 409 sits

All 23 3-beds →

409 last sold in July 2018 at AED 827 per sqft, 16% below what three-beds in Al Nakheel 1 were fetching at the time (AED 987). Over the last 12 months three-beds sold for AED 3,200,000 to 3,700,000, around AED 1,859 per sqft, and rent for AED 138,253 to 252,000 a year. 409's AED 130,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
10 Feb 20263,200,000
30 Jan 20263,700,000
15 Aug 20252,750,000
5 Mar 20242,100,000
2 3-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 4th floor

All 53 units in Al Nakheel 1
Value
4103-bedAED 1.9M · Aug 2021

409, Al Nakheel 1 in numbers

  • Sold twice: first on 1 June 2009 for AED 883,800, last on 10 July 2018 for AED 1,717,994 (AED 827 per sqft).
  • Rented since July 2013 on 6 Ejari contracts, at AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2018 price is 7.6%, before a service charge of about AED 36,700 a year (AED 17.68 per sqft).
  • Three-beds in Al Nakheel 1 sold for AED 3,200,000–3,700,000 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 10 July 2018.

Questions about 409, Al Nakheel 1

What did unit 409 last sell for?

AED 1,717,994 on 10 July 2018: AED 827 per sqft for 2,076 sqft. The unit has 2 registered sales; the first was AED 883,800 in June 2009.

What is the rent for unit 409?

AED 130,000 a year on the contract renewed on 6 July 2018. The previous contract, from July 2017, was AED 130,000; the unit has been rented since July 2013.

How big is unit 409?

2,076 sqft (192.9 sqm): a three-bedroom apartment on the 4th floor of a 6-storey tower.

What is unit 409 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Al Nakheel 1 sold for AED 3,200,000 to 3,700,000 in the last 12 months, around AED 1,859 per sqft.

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Mortgage on 409, Al Nakheel 1

Starts from the last sale price (AED 1.72M, 10 July 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,717,994
Deposit, UAE resident (20%)
AED 343,599
Deposit, non-resident (40%)
AED 687,198
Monthly over 25 years at 3.7%
AED 7,029

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