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3-bed · 2,065 sqftAl Nakheel 2, The Greens · 3rd floor

309, Al Nakheel 2

Sold prices and rental history: sold once, by the developer in January 2009, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 309 · DLD and Ejari recordsUpdated 10 July 2013
Last soldAED 874K26 January 2009
Current rentAED 168K /yr10 July 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 309, Al Nakheel 2

What is 309 worth today?

Last sold for AED 873,800 in 2009

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10 Jul 2013RentedNew contract
AED 168,000/yr12 months · AED 81 per sqft
15 Dec 2012RentedNew contract
AED 133,000/yr12 months · AED 64 per sqft
26 Jan 2009Sold by developerReady
AED 873,800AED 423 per sqft

Source: Dubai Land Department. Updated 10 July 2013.

Key facts

Type
3-bed apartment
Size
2,065 sqft
Floor
3rd of 6
Parking
nan
Service charge
AED 36,500 /yr
Last sold
AED 874K · January 2009
Building
Al Nakheel 2

About 309, Al Nakheel 2

309 is a three-bedroom apartment of 2,065 sqft on the 3rd floor of Al Nakheel 2, a 6-storey tower in The Greens. The developer sold it on 26 January 2009 for AED 873,800, or AED 423 per sqft, 4% below the AED 439 three-beds in the building were fetching at the time.

It has been rented since 2012 on 2 Ejari contracts. The current contract, signed on 10 July 2013, is AED 168,000 a year: a gross yield of 19.2% on the 2009 price, before the service charge of about AED 36,500 a year.

Sales and rents for 309 over time

Sales
Unit 309, 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, January 2009: AED 873,800 (AED 423 per sqft)

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

Rents
Unit 309, 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 133,000 a yearNew contract, July 2013: AED 168,000 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 309 sits

All 23 3-beds →

309 last sold in January 2009 at AED 423 per sqft, 4% below what three-beds in Al Nakheel 2 were fetching at the time (AED 439). 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. 309's AED 168,000 is in the lower half 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
3063-bedAED 1.85M · Mar 2017
3071-bedAED 407K · Oct 2010
1–7 of 11

309, Al Nakheel 2 in numbers

  • Sold once: by the developer on 26 January 2009 for AED 873,800, or AED 423 per sqft.
  • Rented since December 2012 on 2 Ejari contracts, from AED 133,000 to AED 168,000 a year.
  • At AED 168,000 a year the gross yield on the 2009 price is 19.2%, before a service charge of about AED 36,500 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 10 July 2013.

Questions about 309, Al Nakheel 2

What did unit 309 last sell for?

AED 873,800 on 26 January 2009, sold by the developer: AED 423 per sqft for 2,065 sqft. It is the only registered sale of the unit.

What is the rent for unit 309?

AED 168,000 a year on the contract signed on 10 July 2013. The previous contract, from December 2012, was AED 133,000.

How big is unit 309?

2,065 sqft (191.8 sqm): a three-bedroom apartment on the 3rd floor of a 6-storey tower.

What is unit 309 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 309, Al Nakheel 2

Starts from the last sale price (AED 874K, 26 January 2009). Switch to today's estimate once you have unlocked it.
Price
AED 873,800
Deposit, UAE resident (20%)
AED 174,760
Deposit, non-resident (40%)
AED 349,520
Monthly over 25 years at 3.7%
AED 3,575

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