3-bed · 2,128 sqftAl Nakheel 2, The Greens · 6th floor

609, Al Nakheel 2

Sold prices and rental history: sold twice, last in November 2020, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 609 · DLD and Ejari recordsUpdated 24 November 2020
Last soldAED 1.55M24 November 2020
Current rentAED 135K /yr18 March 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 609, Al Nakheel 2

What is 609 worth today?

Last sold for AED 1,550,000 in 2020

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24 Nov 2020SoldReady
AED 1,550,000AED 728 per sqft
18 Mar 2019RentedNew contract
AED 135,000/yr12 months · AED 63 per sqft
12 Feb 2018RentedNew contract
AED 160,000/yr12 months · AED 75 per sqft
25 Nov 2016RentedRenewal
AED 170,000/yr12 months · AED 80 per sqft
25 Nov 2015RentedRenewal
AED 175,000/yr12 months · AED 82 per sqft
25 Nov 2014RentedNew contract
AED 175,000/yr12 months · AED 82 per sqft
12 Nov 2013RentedNew contract
AED 170,000/yr12 months · AED 80 per sqft
22 May 2007Sold by developerReady
AED 933,800AED 438 per sqft

Source: Dubai Land Department. Updated 24 November 2020.

Key facts

Type
3-bed apartment
Size
2,128 sqft
Floor
6th of 6
Parking
nan
Service charge
AED 37,600 /yr
Last sold
AED 1.55M · November 2020
Building
Al Nakheel 2

About 609, Al Nakheel 2

609 is a three-bedroom apartment of 2,128 sqft on the 6th floor of Al Nakheel 2, a 6-storey tower in The Greens. It last sold on 24 November 2020 for AED 1,550,000, or AED 728 per sqft, 6% below the AED 775 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, signed on 18 March 2019, is AED 135,000 a year: a gross yield of 8.7% on the 2020 price, before the service charge of about AED 37,600 a year.

Sales and rents for 609 over time

Sales
Unit 609, 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, May 2007: AED 933,800 (AED 438 per sqft)Sold, November 2020: AED 1,550,000 (AED 728 per sqft)

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

Rents
Unit 609, 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, November 2013: AED 170,000 a yearNew contract, November 2014: AED 175,000 a yearRenewal, November 2015: AED 175,000 a yearRenewal, November 2016: AED 170,000 a yearNew contract, February 2018: AED 160,000 a yearNew contract, March 2019: 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 609 sits

All 23 3-beds →

609 last sold in November 2020 at AED 728 per sqft, 6% below what three-beds in Al Nakheel 2 were fetching at the time (AED 775). 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. 609'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 6th floor

All 53 units in Al Nakheel 2
Value
6103-bedAED 1.75M · Jun 2012

609, Al Nakheel 2 in numbers

  • Sold twice: first on 22 May 2007 for AED 933,800, last on 24 November 2020 for AED 1,550,000 (AED 728 per sqft).
  • Rented since November 2013 on 6 Ejari contracts, from AED 170,000 to AED 135,000 a year.
  • At AED 135,000 a year the gross yield on the 2020 price is 8.7%, before a service charge of about AED 37,600 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 24 November 2020.

Questions about 609, Al Nakheel 2

What did unit 609 last sell for?

AED 1,550,000 on 24 November 2020: AED 728 per sqft for 2,128 sqft. The unit has 2 registered sales; the first was AED 933,800 in May 2007.

What is the rent for unit 609?

AED 135,000 a year on the contract signed on 18 March 2019. The previous contract, from February 2018, was AED 160,000; the unit has been rented since November 2013.

How big is unit 609?

2,128 sqft (197.7 sqm): a three-bedroom apartment on the 6th floor of a 6-storey tower.

What is unit 609 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 609, Al Nakheel 2

Starts from the last sale price (AED 1.55M, 24 November 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,550,000
Deposit, UAE resident (20%)
AED 310,000
Deposit, non-resident (40%)
AED 620,000
Monthly over 25 years at 3.7%
AED 6,342

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