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2-bed · 1,622 sqftAl Nakheel 3, The Greens · 3rd floor

311, Al Nakheel 3

Sold prices and rental history: sold 3 times, last in November 2022, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 311 · DLD and Ejari recordsUpdated 4 November 2022
Last soldAED 1.6M4 November 2022
Current rentAED 88K /yr20 February 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 311, Al Nakheel 3

What is 311 worth today?

Last sold for AED 1,600,000 in 2022

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4 Nov 2022SoldReady
AED 1,600,000AED 986 per sqft
20 Feb 2022RentedRenewal
AED 88,000/yr12 months · AED 54 per sqft
20 Feb 2021RentedRenewal
AED 82,000/yr12 months · AED 50 per sqft
20 Feb 2020RentedNew contract
AED 95,000/yr12 months · AED 58 per sqft
20 Dec 2018RentedNew contract
AED 110,000/yr12 months · AED 68 per sqft
13 Dec 2017RentedRenewal
AED 130,000/yr12 months · AED 80 per sqft
13 Dec 2016RentedNew contract
AED 130,000/yr12 months · AED 80 per sqft
14 Jun 2016SoldReady
AED 1,725,000AED 1,063 per sqft

Source: Dubai Land Department. Updated 4 November 2022.

Key facts

Type
2-bed apartment
Size
1,622 sqft
Floor
3rd of 6
Parking
nan
Service charge
AED 28,700 /yr
Last sold
AED 1.6M · November 2022
Building
Al Nakheel 3

About 311, Al Nakheel 3

311 is a two-bedroom apartment of 1,622 sqft on the 3rd floor of Al Nakheel 3, a 6-storey tower in The Greens. It last sold on 4 November 2022 for AED 1,600,000, or AED 986 per sqft, in line with the AED 976 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 10 Ejari contracts. The current contract, renewed on 20 February 2022, is AED 88,000 a year: a gross yield of 5.5% on the 2022 price, before the service charge of about AED 28,700 a year.

Sales and rents for 311 over time

Sales
Unit 311, each saleTypical two-bed in Al Nakheel 3
500K1M1.5M2007201220172022Typical 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, June 2016: AED 1,725,000 (AED 1,063 per sqft)Sold, November 2022: AED 1,600,000 (AED 986 per sqft)

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

Rents
Unit 311, 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, December 2012: AED 96,000 a yearNew contract, December 2013: AED 100,800 a yearNew contract, December 2014: AED 106,700 a yearRenewal, December 2015: AED 115,000 a yearNew contract, December 2016: AED 130,000 a yearRenewal, December 2017: AED 130,000 a yearNew contract, December 2018: AED 110,000 a yearNew contract, February 2020: AED 95,000 a yearRenewal, February 2021: AED 82,000 a yearRenewal, February 2022: 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 311 sits

All 13 2-beds →

311 last sold in November 2022 at AED 986 per sqft, in line with what two-beds in Al Nakheel 3 were fetching at the time (AED 976). 311'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
20 Sep 20221,400,000
23 Jun 20221,450,000
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
3042-bedAED 1.45M · Jun 2022
3051-bedAED 935K · Feb 2009
3063-bedAED 2.8M · Aug 2026
3071-bedAED 880K · Sep 2021
3081-bedAED 1.17M · Jan 2015
1–7 of 10

311, Al Nakheel 3 in numbers

  • Sold 3 times: first on 5 November 2008 for AED 322,900, last on 4 November 2022 for AED 1,600,000 (AED 986 per sqft).
  • Rented since December 2012 on 10 Ejari contracts, from AED 96,000 to AED 88,000 a year.
  • At AED 88,000 a year the gross yield on the 2022 price is 5.5%, before a service charge of about AED 28,700 a year (AED 17.68 per sqft).

Source: Dubai Land Department. Updated 4 November 2022.

Questions about 311, Al Nakheel 3

What did unit 311 last sell for?

AED 1,600,000 on 4 November 2022: AED 986 per sqft for 1,622 sqft. The unit has 3 registered sales; the first was AED 322,900 in November 2008.

What is the rent for unit 311?

AED 88,000 a year on the contract renewed on 20 February 2022. The previous contract, from February 2021, was AED 82,000; the unit has been rented since December 2012.

How big is unit 311?

1,622 sqft (150.7 sqm): a two-bedroom apartment on the 3rd floor of a 6-storey tower.

What is unit 311 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 311, Al Nakheel 3

Starts from the last sale price (AED 1.6M, 4 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,600,000
Deposit, UAE resident (20%)
AED 320,000
Deposit, non-resident (40%)
AED 640,000
Monthly over 25 years at 3.7%
AED 6,546

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