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3-bed · 1,653 sqftAl Nakheel 2, The Greens · 3rd floor

306, Al Nakheel 2

Sold prices and rental history: sold twice, last in March 2017, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 306 · DLD and Ejari recordsUpdated 14 March 2017
Last soldAED 1.85M14 March 2017
Current rentAED 117K /yr23 December 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 306, Al Nakheel 2

What is 306 worth today?

Last sold for AED 1,850,000 in 2017

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14 Mar 2017SoldReady
AED 1,850,000AED 1,119 per sqft
23 Dec 2015RentedRenewal
AED 117,000/yr12 months · AED 71 per sqft
23 Dec 2014RentedNew contract
AED 112,000/yr12 months · AED 68 per sqft
23 Dec 2013RentedNew contract
AED 100,000/yr12 months · AED 60 per sqft
23 Dec 2012RentedNew contract
AED 92,500/yr12 months · AED 56 per sqft
23 Jun 2010Sold by developerReady
AED 645,800AED 390 per sqft

Source: Dubai Land Department. Updated 14 March 2017.

Key facts

Type
3-bed apartment
Size
1,653 sqft
Floor
3rd of 6
Parking
nan
Service charge
AED 29,200 /yr
Last sold
AED 1.85M · March 2017
Building
Al Nakheel 2

About 306, Al Nakheel 2

306 is a three-bedroom apartment of 1,653 sqft on the 3rd floor of Al Nakheel 2, a 6-storey tower in The Greens. It last sold on 14 March 2017 for AED 1,850,000, or AED 1,119 per sqft.

It has been rented continuously since 2012 on 4 Ejari contracts. The current contract, renewed on 23 December 2015, is AED 117,000 a year: a gross yield of 6.3% on the 2017 price, before the service charge of about AED 29,200 a year.

Sales and rents for 306 over time

Sales
Unit 306, 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, June 2010: AED 645,800 (AED 390 per sqft)Sold, March 2017: AED 1,850,000 (AED 1,119 per sqft)

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

Rents
Unit 306, 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, December 2012: AED 92,500 a yearNew contract, December 2013: AED 100,000 a yearNew contract, December 2014: AED 112,000 a yearRenewal, December 2015: AED 117,000 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 306 sits

All 23 3-beds →

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. 306's AED 117,000 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 3rd floor

All 53 units in Al Nakheel 2
Value
3012-bedAED 646K · Jan 2011
3023-bedAED 1.65M · Apr 2018
3033-bedAED 697K · Jun 2010
3042-bedAED 1.9M · May 2024
3051-bedAED 1.15M · Aug 2023
3071-bedAED 407K · Oct 2010
3081-bedAED 835K · Feb 2016
1–7 of 11

306, Al Nakheel 2 in numbers

  • Sold twice: first on 23 June 2010 for AED 645,800, last on 14 March 2017 for AED 1,850,000 (AED 1,119 per sqft).
  • Rented since December 2012 on 4 Ejari contracts, from AED 92,500 to AED 117,000 a year.
  • At AED 117,000 a year the gross yield on the 2017 price is 6.3%, 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 14 March 2017.

Questions about 306, Al Nakheel 2

What did unit 306 last sell for?

AED 1,850,000 on 14 March 2017: AED 1,119 per sqft for 1,653 sqft. The unit has 2 registered sales; the first was AED 645,800 in June 2010.

What is the rent for unit 306?

AED 117,000 a year on the contract renewed on 23 December 2015. The previous contract, from December 2014, was AED 112,000; the unit has been rented since December 2012.

How big is unit 306?

1,653 sqft (153.6 sqm): a three-bedroom apartment on the 3rd floor of a 6-storey tower.

What is unit 306 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 306, Al Nakheel 2

Starts from the last sale price (AED 1.85M, 14 March 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,850,000
Deposit, UAE resident (20%)
AED 370,000
Deposit, non-resident (40%)
AED 740,000
Monthly over 25 years at 3.7%
AED 7,569

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