3-bed · 2,079 sqftAl Nakheel 2, The Greens · 5th floor

509, Al Nakheel 2

Sold prices and rental history: sold twice, last in December 2020, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 509 · DLD and Ejari recordsUpdated 15 December 2020
Last soldAED 1.45M15 December 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 509, Al Nakheel 2

What is 509 worth today?

Last sold for AED 1,450,000 in 2020

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15 Dec 2020SoldReady
AED 1,450,000AED 697 per sqft
21 Mar 2010Sold by developerReady
AED 908,800AED 437 per sqft

Source: Dubai Land Department. Updated 15 December 2020.

Key facts

Type
3-bed apartment
Size
2,079 sqft
Floor
5th of 6
Parking
nan
Service charge
AED 36,700 /yr
Last sold
AED 1.45M · December 2020
Building
Al Nakheel 2

About 509, Al Nakheel 2

509 is a three-bedroom apartment of 2,079 sqft on the 5th floor of Al Nakheel 2, a 6-storey tower in The Greens. It last sold on 15 December 2020 for AED 1,450,000, or AED 697 per sqft, 4% below the AED 728 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 509 over time

Sales
Unit 509, 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, March 2010: AED 908,800 (AED 437 per sqft)Sold, December 2020: AED 1,450,000 (AED 697 per sqft)

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

Rents
Unit 509, 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 180,000

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 509 sits

All 23 3-beds →

509 last sold in December 2020 at AED 697 per sqft, 4% below what three-beds in Al Nakheel 2 were fetching at the time (AED 728). 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.

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 5th floor

All 53 units in Al Nakheel 2
Value
5103-bedAED 1.8M · Sep 2011

509, Al Nakheel 2 in numbers

  • Sold twice: first on 21 March 2010 for AED 908,800, last on 15 December 2020 for AED 1,450,000 (AED 697 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 15 December 2020.

Questions about 509, Al Nakheel 2

What did unit 509 last sell for?

AED 1,450,000 on 15 December 2020: AED 697 per sqft for 2,079 sqft. The unit has 2 registered sales; the first was AED 908,800 in March 2010.

How big is unit 509?

2,079 sqft (193.1 sqm): a three-bedroom apartment on the 5th floor of a 6-storey tower.

What is unit 509 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 509, Al Nakheel 2

Starts from the last sale price (AED 1.45M, 15 December 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,450,000
Deposit, UAE resident (20%)
AED 290,000
Deposit, non-resident (40%)
AED 580,000
Monthly over 25 years at 3.7%
AED 5,932

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