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2-bed · 1,408 sqftAl Nakheel 3, The Greens · 3rd floor

312, Al Nakheel 3

Sold prices and rental history: sold once, by the developer in July 2010, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 312 · DLD and Ejari recordsUpdated 12 March 2023
Last soldAED 556K1 July 2010
Current rentAED 85K /yr12 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 312, Al Nakheel 3

What is 312 worth today?

Last sold for AED 555,800 in 2010

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12 Mar 2023RentedRenewal
AED 85,000/yr12 months · AED 60 per sqft
12 Mar 2022RentedRenewal
AED 85,000/yr12 months · AED 60 per sqft
12 Mar 2021RentedRenewal
AED 85,000/yr12 months · AED 60 per sqft
12 Mar 2020RentedRenewal
AED 90,000/yr12 months · AED 64 per sqft
12 Mar 2019RentedNew contract
AED 105,000/yr12 months · AED 74 per sqft
12 Mar 2013RentedNew contract
AED 90,000/yr12 months · AED 64 per sqft
1 Jul 2010Sold by developerReady
AED 555,800AED 394 per sqft

Source: Dubai Land Department. Updated 12 March 2023.

Key facts

Type
2-bed apartment
Size
1,408 sqft
Floor
3rd of 6
Parking
nan
Service charge
AED 24,900 /yr
Last sold
AED 556K · July 2010
Building
Al Nakheel 3

About 312, Al Nakheel 3

312 is a two-bedroom apartment of 1,408 sqft on the 3rd floor of Al Nakheel 3, a 6-storey tower in The Greens. The developer sold it on 1 July 2010 for AED 555,800, or AED 394 per sqft.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, renewed on 12 March 2023, is AED 85,000 a year: a gross yield of 15.3% on the 2010 price, before the service charge of about AED 24,900 a year.

Sales and rents for 312 over time

Sales
Unit 312, each saleTypical two-bed in Al Nakheel 3
1M20072011201520192023Typical 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, July 2010: AED 555,800 (AED 394 per sqft)

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

Rents
Unit 312, 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, March 2013: AED 90,000 a yearNew contract, March 2019: AED 105,000 a yearRenewal, March 2020: AED 90,000 a yearRenewal, March 2021: AED 85,000 a yearRenewal, March 2022: AED 85,000 a yearRenewal, March 2023: AED 85,000 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 312 sits

All 13 2-beds →

312's AED 85,000 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
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

312, Al Nakheel 3 in numbers

  • Sold once: by the developer on 1 July 2010 for AED 555,800, or AED 394 per sqft.
  • Rented since March 2013 on 6 Ejari contracts, from AED 90,000 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2010 price is 15.3%, before a service charge of about AED 24,900 a year (AED 17.68 per sqft).

Source: Dubai Land Department. Updated 12 March 2023.

Questions about 312, Al Nakheel 3

What did unit 312 last sell for?

AED 555,800 on 1 July 2010, sold by the developer: AED 394 per sqft for 1,408 sqft. It is the only registered sale of the unit.

What is the rent for unit 312?

AED 85,000 a year on the contract renewed on 12 March 2023. The previous contract, from March 2022, was AED 85,000; the unit has been rented since March 2013.

How big is unit 312?

1,408 sqft (130.8 sqm): a two-bedroom apartment on the 3rd floor of a 6-storey tower.

What is unit 312 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 312, Al Nakheel 3

Starts from the last sale price (AED 556K, 1 July 2010). Switch to today's estimate once you have unlocked it.
Price
AED 555,800
Deposit, UAE resident (20%)
AED 111,160
Deposit, non-resident (40%)
AED 222,320
Monthly over 25 years at 3.7%
AED 2,274

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