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2-bed · 1,518 sqftAl Nakheel 3, The Greens · 3rd floor

304, Al Nakheel 3

Sold prices and rental history: sold 4 times, last in June 2022, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 304 · DLD and Ejari recordsUpdated 23 June 2022
Last soldAED 1.45M23 June 2022
Current rentAED 88K /yr20 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 304, Al Nakheel 3

What is 304 worth today?

Last sold for AED 1,450,000 in 2022

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23 Jun 2022SoldReady
AED 1,450,000AED 955 per sqft
20 Aug 2021RentedRenewal
AED 88,000/yr12 months · AED 58 per sqft
20 Aug 2020RentedNew contract
AED 80,000/yr12 months · AED 53 per sqft
16 Oct 2017RentedRenewal
AED 140,000/yr12 months · AED 92 per sqft
15 Oct 2016RentedNew contract
AED 154,584/yr12 months · AED 102 per sqft
29 Jul 2015SoldReady
AED 1,950,000AED 1,284 per sqft
16 Oct 2014RentedNew contract
AED 155,000/yr12 months · AED 102 per sqft
16 Oct 2007SoldReady
AED 1,650,000AED 1,087 per sqft

Source: Dubai Land Department. Updated 23 June 2022.

Key facts

Type
2-bed apartment
Size
1,518 sqft
Floor
3rd of 6
Parking
nan
Service charge
AED 26,800 /yr
Last sold
AED 1.45M · June 2022
Building
Al Nakheel 3

About 304, Al Nakheel 3

304 is a two-bedroom apartment of 1,518 sqft on the 3rd floor of Al Nakheel 3, a 6-storey tower in The Greens. It last sold on 23 June 2022 for AED 1,450,000, or AED 955 per sqft, in line with the AED 955 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, renewed on 20 August 2021, is AED 88,000 a year: a gross yield of 6.1% on the 2022 price, before the service charge of about AED 26,800 a year.

Sales and rents for 304 over time

Sales
Unit 304, each saleTypical two-bed in Al Nakheel 3
1M2M20072011201520192023Typical sale price by year: 2007 AED 957,900; 2008 AED 637,800; 2010 AED 641,800; 2011 AED 1,050,000; 2012 AED 1,425,000; 2016 AED 1,725,000; 2022 AED 1,400,000Sold by developer, September 2007: AED 715,800 (AED 471 per sqft)Sold, October 2007: AED 1,650,000 (AED 1,087 per sqft)Sold, July 2015: AED 1,950,000 (AED 1,284 per sqft)Sold, June 2022: AED 1,450,000 (AED 955 per sqft)

304 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 304, each contractTypical two-bed in Al Nakheel 3
100K150K2012201620202024Typical rent by year: 2012 AED 102,500; 2013 AED 110,250; 2014 AED 130,000; 2015 AED 130,000; 2016 AED 141,000; 2017 AED 130,000; 2018 AED 112,000; 2019 AED 100,000; 2020 AED 88,118; 2021 AED 85,000; 2022 AED 93,000; 2023 AED 109,500; 2024 AED 135,000; 2025 AED 135,000; 2026 AED 128,623New contract, October 2014: AED 155,000 a yearNew contract, October 2016: AED 154,584 a yearRenewal, October 2017: AED 140,000 a yearNew contract, August 2020: AED 80,000 a yearRenewal, August 2021: AED 88,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Al Nakheel 3, and where 304 sits

All 13 2-beds →

304 last sold in June 2022 at AED 955 per sqft, in line with what two-beds in Al Nakheel 3 were fetching at the time (AED 955). 304's AED 88,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
31 Oct 20252,610,000
21 Jul 20252,487,500
4 Nov 20221,600,000
20 Sep 20221,400,000
0 2-bed sales in the last 12 months

Al Nakheel 3

Building

52 apartments, 1-bed to 3-bed over 6 floors in The Greens. 2 sold in the last 12 months.

Typical price per sqft
AED 1,747
Typical sale
AED 3.27M
Typical rent
AED 126K /yr
Typical yield
5.3%
Al Nakheel 3, The Greens: prices, sales and rents →

Other units on the 3rd floor

All 52 units in Al Nakheel 3
Value
3012-bedAED 646K · Jul 2007
3033-bedAED 348K · Jan 2008
3051-bedAED 935K · Feb 2009
3063-bedAED 2.8M · Aug 2026
3071-bedAED 880K · Sep 2021
3081-bedAED 1.17M · Jan 2015
3093-bedAED 2.45M · Nov 2022
1–7 of 10

304, Al Nakheel 3 in numbers

  • Sold 4 times: first on 3 September 2007 for AED 715,800, last on 23 June 2022 for AED 1,450,000 (AED 955 per sqft).
  • Rented since October 2014 on 5 Ejari contracts, from AED 155,000 to AED 88,000 a year.
  • At AED 88,000 a year the gross yield on the 2022 price is 6.1%, before a service charge of about AED 26,800 a year (AED 17.68 per sqft).

Source: Dubai Land Department. Updated 23 June 2022.

Questions about 304, Al Nakheel 3

What did unit 304 last sell for?

AED 1,450,000 on 23 June 2022: AED 955 per sqft for 1,518 sqft. The unit has 4 registered sales; the first was AED 715,800 in September 2007.

What is the rent for unit 304?

AED 88,000 a year on the contract renewed on 20 August 2021. The previous contract, from August 2020, was AED 80,000; the unit has been rented since October 2014.

How big is unit 304?

1,518 sqft (141.0 sqm): a two-bedroom apartment on the 3rd floor of a 6-storey tower.

What is unit 304 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 304, Al Nakheel 3

Starts from the last sale price (AED 1.45M, 23 June 2022). 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 →