3-bed · 2,079 sqftAl Nakheel 4, The Greens · 5th floor

510, Al Nakheel 4

Sold prices and rental history: sold 4 times, last in February 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 510 · DLD and Ejari recordsUpdated 21 February 2023
Last soldAED 1.8M21 February 2023
Current rentAED 120K /yr22 May 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 510, Al Nakheel 4

What is 510 worth today?

Last sold for AED 1,800,000 in 2023

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21 Feb 2023SoldReady
AED 1,800,000AED 866 per sqft
22 May 2021RentedRenewal
AED 120,000/yr24 months · AED 58 per sqft
22 May 2020RentedRenewal
AED 120,000/yr12 months · AED 58 per sqft
22 May 2019RentedNew contract
AED 120,000/yr12 months · AED 58 per sqft
29 Oct 2018SoldReady
AED 1,800,000AED 866 per sqft
18 Sep 2017RentedRenewal
AED 172,000/yr12 months · AED 83 per sqft
18 Sep 2016RentedNew contract
AED 175,000/yr12 months · AED 84 per sqft
20 May 2015RentedNew contract
AED 176,000/yr12 months · AED 85 per sqft

Source: Dubai Land Department. Updated 21 February 2023.

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 1.8M · February 2023
Building
Al Nakheel 4

About 510, Al Nakheel 4

510 is a three-bedroom apartment of 2,079 sqft on the 5th floor of Al Nakheel 4, a 6-storey tower in The Greens. It last sold on 21 February 2023 for AED 1,800,000, or AED 866 per sqft.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 22 May 2021, is AED 120,000 a year: a gross yield of 6.7% on the 2023 price, before the service charge of about AED 36,700 a year.

Sales and rents for 510 over time

Sales
Unit 510, each saleTypical three-bed in Al Nakheel 4
1M2M2007201220172022Typical sale price by year: 2007 AED 533,986; 2008 AED 896,300; 2009 AED 933,800; 2011 AED 1,372,560; 2012 AED 1,440,000; 2013 AED 2,087,500; 2022 AED 1,650,000Sold by developer, July 2008: AED 1,425,000 (AED 685 per sqft)Sold, July 2008: AED 908,800 (AED 437 per sqft)Sold, October 2018: AED 1,800,000 (AED 866 per sqft)Sold, February 2023: AED 1,800,000 (AED 866 per sqft)

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

Rents
Unit 510, each contractTypical three-bed in Al Nakheel 4
100K150K2012201620202024Typical rent by year: 2012 AED 105,000; 2013 AED 163,000; 2014 AED 177,000; 2015 AED 170,000; 2016 AED 170,000; 2017 AED 157,750; 2018 AED 140,000; 2019 AED 125,000; 2020 AED 115,000; 2021 AED 115,000; 2022 AED 120,000; 2023 AED 128,000; 2024 AED 144,450; 2025 AED 167,500; 2026 AED 154,000New contract, May 2013: AED 176,000 a yearNew contract, May 2014: AED 176,000 a yearNew contract, May 2015: AED 176,000 a yearNew contract, September 2016: AED 175,000 a yearRenewal, September 2017: AED 172,000 a yearNew contract, May 2019: AED 120,000 a yearRenewal, May 2020: AED 120,000 a yearRenewal, May 2021: AED 120,000 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 4, and where 510 sits

All 25 3-beds →

510's AED 120,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
5 Aug 20221,600,000
1 Feb 20221,650,000
31 Jan 20221,675,000
8 Aug 20211,657,746
0 3-bed sales in the last 12 months

Al Nakheel 4

Building

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

Typical price per sqft
AED 1,576
Typical sale
AED 2.22M
Typical rent
AED 150K /yr
Typical yield
5.8%
Al Nakheel 4, The Greens: prices, sales and rents →

Other units on the 5th floor

All 53 units in Al Nakheel 4
Value
5093-bedAED 1.6M · Jun 2012

510, Al Nakheel 4 in numbers

  • Sold 4 times: first on 1 July 2008 for AED 908,800, last on 21 February 2023 for AED 1,800,000 (AED 866 per sqft).
  • Rented since May 2013 on 8 Ejari contracts, from AED 176,000 to AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2023 price is 6.7%, before a service charge of about AED 36,700 a year (AED 17.68 per sqft).

Source: Dubai Land Department. Updated 21 February 2023.

Questions about 510, Al Nakheel 4

What did unit 510 last sell for?

AED 1,800,000 on 21 February 2023: AED 866 per sqft for 2,079 sqft. The unit has 4 registered sales; the first was AED 908,800 in July 2008.

What is the rent for unit 510?

AED 120,000 a year on the contract renewed on 22 May 2021. The previous contract, from May 2020, was AED 120,000; the unit has been rented since May 2013.

How big is unit 510?

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

What is unit 510 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 510, Al Nakheel 4

Starts from the last sale price (AED 1.8M, 21 February 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,800,000
Deposit, UAE resident (20%)
AED 360,000
Deposit, non-resident (40%)
AED 720,000
Monthly over 25 years at 3.7%
AED 7,364

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