2-bed · 1,784 sqftThe Onyx Tower 2, The Greens · 15th floor · completed 2015

1511, The Onyx Tower 2

Sold prices and rental history: sold twice, last in August 2023, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1511 · DLD and Ejari recordsUpdated 28 February 2024
Last soldAED 2.43M21 August 2023
Current rentAED 105K /yr28 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1511, The Onyx Tower 2

What is 1511 worth today?

Last sold for AED 2,430,000 in 2023

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28 Feb 2024RentedRenewal
AED 105,000/yr6 months · AED 59 per sqft
21 Aug 2023SoldReady
AED 2,430,000AED 1,362 per sqft
28 Feb 2023RentedRenewal
AED 105,000/yr12 months · AED 59 per sqft
28 Feb 2022RentedNew contract
AED 100,000/yr12 months · AED 56 per sqft
28 Feb 2021RentedRenewal
AED 100,000/yr12 months · AED 56 per sqft
28 Feb 2020RentedNew contract
AED 120,000/yr12 months · AED 67 per sqft
18 Feb 2019RentedRenewal
AED 150,000/yr12 months · AED 84 per sqft
18 Feb 2017RentedNew contract
AED 160,000/yr12 months · AED 90 per sqft

Source: Dubai Land Department. Updated 28 February 2024.

Key facts

Type
2-bed apartment
Size
1,784 sqft
Floor
15th of 24
Parking
B2-242
Developer
The Onyx for Development
Completed
2015
Last sold
AED 2.43M · August 2023

About 1511, The Onyx Tower 2

1511 is a two-bedroom apartment of 1,784 sqft on the 15th floor of The Onyx Tower 2, a 24-storey tower in The Greens completed in 2015 by The Onyx for Development. It last sold on 21 August 2023 for AED 2,430,000, or AED 1,362 per sqft, 3% below the AED 1,408 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, renewed on 28 February 2024, is AED 105,000 a year: a gross yield of 4.3% on the 2023 price.

Sales and rents for 1511 over time

Sales
Unit 1511, each saleTypical two-bed in The Onyx Tower 2
2M3M2015201820212024Typical sale price by year: 2015 AED 2,407,820; 2016 AED 2,269,472; 2017 AED 2,499,476; 2018 AED 2,250,000; 2019 AED 2,110,000; 2021 AED 1,790,000; 2022 AED 1,856,420; 2023 AED 2,430,000; 2024 AED 2,900,000Sold by developer, April 2015: AED 2,494,501 (AED 1,398 per sqft)Sold, August 2023: AED 2,430,000 (AED 1,362 per sqft)

1511 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1511, each contractTypical two-bed in The Onyx Tower 2
100K150K200K2017202020232026Typical rent by year: 2017 AED 160,000; 2018 AED 155,000; 2019 AED 145,000; 2020 AED 129,000; 2021 AED 120,000; 2022 AED 134,400; 2023 AED 150,000; 2024 AED 173,250; 2025 AED 185,000; 2026 AED 185,000New contract, February 2017: AED 160,000 a yearRenewal, February 2019: AED 150,000 a yearNew contract, February 2020: AED 120,000 a yearRenewal, February 2021: AED 100,000 a yearNew contract, February 2022: AED 100,000 a yearRenewal, February 2023: AED 105,000 a yearRenewal, February 2024: AED 105,000 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 The Onyx Tower 2, and where 1511 sits

All 78 2-beds →

1511 last sold in August 2023 at AED 1,362 per sqft, 3% below what two-beds in The Onyx Tower 2 were fetching at the time (AED 1,408). 1511's AED 105,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
15 Aug 20253,100,000
6 Mar 20252,700,000
14 Nov 20242,900,000
29 Oct 20242,970,000
0 2-bed sales in the last 12 months

The Onyx Tower 2

Building

168 apartments, 1-bed to 3-bed over 24 floors in The Greens, completed in 2015 by The Onyx for Development. 1 sold in the last 12 months.

Typical price per sqft
AED 2,240
Typical sale
AED 1.71M
Typical rent
AED 175K /yr
Typical yield
4.8%
The Onyx Tower 2, The Greens: prices, sales and rents →

Other units on the 15th floor

All 168 units in The Onyx Tower 2
Value
15011-bedAED 1.54M · Nov 2017
15021-bedAED 1.6M · Nov 2017
15031-bedAED 1.7M · May 2017
15041-bedAED 1.09M · Oct 2019
15052-bedAED 2.2M · Mar 2017
15062-bedAED 2.95M · Dec 2023
15071-bedAED 1.61M · Feb 2016
1–7 of 12

1511, The Onyx Tower 2 in numbers

  • Sold twice: first on 19 April 2015 for AED 2,494,501, last on 21 August 2023 for AED 2,430,000 (AED 1,362 per sqft).
  • Rented since February 2017 on 7 Ejari contracts, from AED 160,000 to AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2023 price is 4.3%.

Source: Dubai Land Department. Updated 28 February 2024.

Questions about 1511, The Onyx Tower 2

What did unit 1511 last sell for?

AED 2,430,000 on 21 August 2023: AED 1,362 per sqft for 1,784 sqft. The unit has 2 registered sales; the first was AED 2,494,501 in April 2015.

What is the rent for unit 1511?

AED 105,000 a year on the contract renewed on 28 February 2024. The previous contract, from February 2023, was AED 105,000; the unit has been rented since February 2017.

How big is unit 1511?

1,784 sqft (165.7 sqm): a two-bedroom apartment on the 15th floor of a 24-storey tower completed in 2015.

What is unit 1511 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 1511, The Onyx Tower 2

Starts from the last sale price (AED 2.43M, 21 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,430,000
Deposit, UAE resident (20%)
AED 486,000
Deposit, non-resident (40%)
AED 972,000
Monthly over 25 years at 3.7%
AED 9,942

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