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

508, Al Sidir 2

Sold prices and rental history: sold 3 times, last in July 2024, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 508 · DLD and Ejari recordsUpdated 22 July 2024
Last soldAED 3.25M22 July 2024
Current rentAED 240K /yr15 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 508, Al Sidir 2

What is 508 worth today?

Last sold for AED 3,250,000 in 2024

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22 Jul 2024SoldReady
AED 3,250,000AED 1,563 per sqft
15 May 2024RentedNew contract
AED 240,000/yr12 months · AED 115 per sqft
27 Jan 2021SoldReady
AED 1,725,000AED 829 per sqft
3 Jan 2020RentedRenewal
AED 135,000/yr12 months · AED 65 per sqft
3 Jan 2019RentedNew contract
AED 135,000/yr12 months · AED 65 per sqft
23 Sep 2016RentedNew contract
AED 190,000/yr12 months · AED 91 per sqft
7 Nov 2015RentedRenewal
AED 180,000/yr12 months · AED 87 per sqft
7 Nov 2014RentedNew contract
AED 205,000/yr12 months · AED 99 per sqft

Source: Dubai Land Department. Updated 22 July 2024.

Key facts

Type
3-bed apartment
Size
2,079 sqft
Floor
5th of 6
Parking
nan
Service charge
AED 35,900 /yr
Last sold
AED 3.25M · July 2024
Building
Al Sidir 2

About 508, Al Sidir 2

508 is a three-bedroom apartment of 2,079 sqft on the 5th floor of Al Sidir 2, a 6-storey tower in The Greens. It last sold on 22 July 2024 for AED 3,250,000, or AED 1,563 per sqft, 23% above the AED 1,271 three-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 8 Ejari contracts. The current contract, signed on 15 May 2024, is AED 240,000 a year: a gross yield of 7.4% on the 2024 price, before the service charge of about AED 35,900 a year.

Sales and rents for 508 over time

Sales
Unit 508, each saleTypical three-bed in Al Sidir 2
2M2007201220172022Typical sale price by year: 2007 AED 675,800; 2008 AED 1,868,000; 2009 AED 1,750,000; 2010 AED 840,844; 2012 AED 1,275,000; 2015 AED 1,900,000; 2016 AED 2,125,000Sold by developer, September 2007: AED 908,800 (AED 437 per sqft)Sold, January 2021: AED 1,725,000 (AED 829 per sqft)Sold, July 2024: AED 3,250,000 (AED 1,563 per sqft)

508 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 508, each contractTypical three-bed in Al Sidir 2
100K200K2012201620202024Typical rent by year: 2012 AED 135,000; 2013 AED 145,000; 2014 AED 157,500; 2015 AED 166,000; 2016 AED 167,750; 2017 AED 160,000; 2018 AED 145,000; 2019 AED 125,001; 2020 AED 110,000; 2021 AED 110,000; 2022 AED 120,000; 2023 AED 139,300; 2024 AED 164,250; 2025 AED 170,000; 2026 AED 165,375New contract, October 2012: AED 165,000 a yearNew contract, November 2013: AED 200,000 a yearNew contract, November 2014: AED 205,000 a yearRenewal, November 2015: AED 180,000 a yearNew contract, September 2016: AED 190,000 a yearNew contract, January 2019: AED 135,000 a yearRenewal, January 2020: AED 135,000 a yearNew contract, May 2024: AED 240,000 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 Sidir 2, and where 508 sits

All 29 3-beds →

508 last sold in July 2024 at AED 1,563 per sqft, 23% above what three-beds in Al Sidir 2 were fetching at the time (AED 1,271). 508's AED 240,000 is at the top of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
7 Nov 20253,725,000
30 Nov 20232,080,000
3 Nov 20232,100,000
15 Jun 20211,950,000
0 3-bed sales in the last 12 months

Al Sidir 2

Building

44 apartments, 2-bed to 4-bed over 6 floors in The Greens. No sale in the last 12 months.

Typical price per sqft
Few sales
Typical sale
Few sales
Typical rent
AED 169K /yr
Typical yield
Al Sidir 2, The Greens: prices, sales and rents →

Other units on the 5th floor

All 44 units in Al Sidir 2
Value
5073-bedAED 2.25M · Apr 2013

508, Al Sidir 2 in numbers

  • Sold 3 times: first on 20 September 2007 for AED 908,800, last on 22 July 2024 for AED 3,250,000 (AED 1,563 per sqft).
  • Rented since October 2012 on 8 Ejari contracts. The rent fell from AED 165,000 to AED 135,000 in 2020 and recovered to AED 240,000 by May 2024.
  • At AED 240,000 a year the gross yield on the 2024 price is 7.4%, before a service charge of about AED 35,900 a year (AED 17.27 per sqft).

Source: Dubai Land Department. Updated 22 July 2024.

Questions about 508, Al Sidir 2

What did unit 508 last sell for?

AED 3,250,000 on 22 July 2024: AED 1,563 per sqft for 2,079 sqft. The unit has 3 registered sales; the first was AED 908,800 in September 2007.

What is the rent for unit 508?

AED 240,000 a year on the contract signed on 15 May 2024. The previous contract, from January 2020, was AED 135,000; the unit has been rented since October 2012.

How big is unit 508?

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

What is unit 508 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 508, Al Sidir 2

Starts from the last sale price (AED 3.25M, 22 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,250,000
Deposit, UAE resident (20%)
AED 650,000
Deposit, non-resident (40%)
AED 1,300,000
Monthly over 25 years at 3.7%
AED 13,297

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