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3-bed · 1,650 sqftAl Nakheel 2, The Greens · 2nd floor

203, Al Nakheel 2

Sold prices and rental history: sold twice, last in December 2019, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 203 · DLD and Ejari recordsUpdated 12 December 2019
Last soldAED 1.28M12 December 2019
Current rentAED 135K /yr11 July 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 203, Al Nakheel 2

What is 203 worth today?

Last sold for AED 1,280,000 in 2019

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12 Dec 2019SoldReady
AED 1,280,000AED 775 per sqft
11 Jul 2018RentedRenewal
AED 135,000/yr12 months · AED 82 per sqft
11 Jul 2017RentedRenewal
AED 150,000/yr12 months · AED 91 per sqft
11 Jul 2016RentedRenewal
AED 155,000/yr12 months · AED 94 per sqft
11 Jul 2015RentedNew contract
AED 155,000/yr12 months · AED 94 per sqft
1 Sep 2008Sold by developerReady
AED 689,800AED 418 per sqft

Source: Dubai Land Department. Updated 12 December 2019.

Key facts

Type
3-bed apartment
Size
1,650 sqft
Floor
2nd of 6
Parking
nan
Service charge
AED 29,200 /yr
Last sold
AED 1.28M · December 2019
Building
Al Nakheel 2

About 203, Al Nakheel 2

203 is a three-bedroom apartment of 1,650 sqft on the 2nd floor of Al Nakheel 2, a 6-storey tower in The Greens. It last sold on 12 December 2019 for AED 1,280,000, or AED 775 per sqft, in line with the AED 758 three-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 4 Ejari contracts. The current contract, renewed on 11 July 2018, is AED 135,000 a year: a gross yield of 10.5% on the 2019 price, before the service charge of about AED 29,200 a year.

Sales and rents for 203 over time

Sales
Unit 203, each saleTypical three-bed in Al Nakheel 2
1M2M2007201120152019Typical sale price by year: 2007 AED 850,000; 2008 AED 1,245,344; 2009 AED 883,800; 2010 AED 671,300; 2011 AED 1,225,000; 2014 AED 2,170,000; 2020 AED 1,550,000Sold by developer, September 2008: AED 689,800 (AED 418 per sqft)Sold, December 2019: AED 1,280,000 (AED 775 per sqft)

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

Rents
Unit 203, each contractTypical three-bed in Al Nakheel 2
100K150K2012201620202024Typical rent by year: 2012 AED 119,500; 2013 AED 147,000; 2014 AED 167,500; 2015 AED 161,500; 2016 AED 166,500; 2017 AED 160,000; 2018 AED 135,000; 2019 AED 135,000; 2020 AED 110,000; 2021 AED 105,000; 2022 AED 130,000; 2023 AED 145,000; 2024 AED 173,500; 2025 AED 181,000; 2026 AED 180,000New contract, July 2015: AED 155,000 a yearRenewal, July 2016: AED 155,000 a yearRenewal, July 2017: AED 150,000 a yearRenewal, July 2018: AED 135,000 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 2, and where 203 sits

All 23 3-beds →

203 last sold in December 2019 at AED 775 per sqft, in line with what three-beds in Al Nakheel 2 were fetching at the time (AED 758). Over the last 12 months three-beds sold for AED 2,460,482, around AED 1,488 per sqft, and rent for AED 150,000 to 215,000 a year. 203's AED 135,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
3 Feb 20262,460,482
8 Sep 20252,650,000
25 Aug 20253,150,000
15 Jul 20242,350,000
1 3-bed sale in the last 12 months

Al Nakheel 2

Building

53 apartments, 1-bed to 3-bed over 6 floors in The Greens. 4 sold in the last 12 months.

Typical price per sqft
AED 1,627
Typical sale
AED 2M
Typical rent
AED 178K /yr
Typical yield
6.8%
Al Nakheel 2, The Greens: prices, sales and rents →

Other units on the 2nd floor

All 53 units in Al Nakheel 2
Value
2012-bedAED 2.38M · Sep 2025
2023-bedAED 2.35M · Jul 2024
2042-bedAED 706K · May 2008
2051-bedAED 794K · Jul 2008
2063-bedAED 2.46M · Feb 2026
2071-bedAED 1.54M · Aug 2026
2081-bedAED 299K · Jul 2010
1–7 of 11

203, Al Nakheel 2 in numbers

  • Sold twice: first on 1 September 2008 for AED 689,800, last on 12 December 2019 for AED 1,280,000 (AED 775 per sqft).
  • Rented since July 2015 on 4 Ejari contracts, from AED 155,000 to AED 135,000 a year.
  • At AED 135,000 a year the gross yield on the 2019 price is 10.5%, before a service charge of about AED 29,200 a year (AED 17.68 per sqft).
  • Three-beds in Al Nakheel 2 sold for AED 2,460,482–2,460,482 in the 12 months to November 2026; the building's median across all types is AED 1,627 per sqft.

Source: Dubai Land Department. Updated 12 December 2019.

Questions about 203, Al Nakheel 2

What did unit 203 last sell for?

AED 1,280,000 on 12 December 2019: AED 775 per sqft for 1,650 sqft. The unit has 2 registered sales; the first was AED 689,800 in September 2008.

What is the rent for unit 203?

AED 135,000 a year on the contract renewed on 11 July 2018. The previous contract, from July 2017, was AED 150,000; the unit has been rented since July 2015.

How big is unit 203?

1,650 sqft (153.3 sqm): a three-bedroom apartment on the 2nd floor of a 6-storey tower.

What is unit 203 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 2 sold for AED 2,460,482 to 2,460,482 in the last 12 months, around AED 1,488 per sqft.

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Mortgage on 203, Al Nakheel 2

Starts from the last sale price (AED 1.28M, 12 December 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,280,000
Deposit, UAE resident (20%)
AED 256,000
Deposit, non-resident (40%)
AED 512,000
Monthly over 25 years at 3.7%
AED 5,237

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