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1-bed · 847 sqftAl Ghaf 1, Arjan · 2nd floor

223, Al Ghaf 1

Sold prices and rental history: sold once, by the developer in July 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 223 · DLD and Ejari recordsUpdated 9 July 2024
Last soldAED 1000K9 July 2024
Current rentAED 50K /yr3 June 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 223, Al Ghaf 1

What is 223 worth today?

Last sold for AED 999,854 in 2024

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9 Jul 2024Sold by developerReady
AED 999,854AED 1,179 per sqft
3 Jun 2023RentedRenewal
AED 49,500/yr12 months · AED 58 per sqft
1 May 2021RentedNew contract
AED 41,000/yr13 months · AED 48 per sqft

Source: Dubai Land Department. Updated 9 July 2024.

Key facts

Type
1-bed apartment
Size
847 sqft
Floor
2nd of 6
Parking
G-56
Service charge
AED 10,500 /yr
Last sold
AED 1000K · July 2024
Building
Al Ghaf 1

About 223, Al Ghaf 1

223 is a one-bedroom apartment of 847 sqft on the 2nd floor of Al Ghaf 1, a 6-storey tower in Arjan. The developer sold it on 9 July 2024 for AED 999,854, or AED 1,179 per sqft, 10% above the AED 1,074 one-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, renewed on 3 June 2023, is AED 49,500 a year: a gross yield of 5.0% on the 2024 price, before the service charge of about AED 10,500 a year.

Sales and rents for 223 over time

Sales
Unit 223, each saleTypical one-bed in Al Ghaf 1
800K900K1M2022202320242025Typical sale price by year: 2022 AED 781,995; 2023 AED 821,809; 2024 AED 890,456Sold by developer, July 2024: AED 999,854 (AED 1,179 per sqft)

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

Rents
Unit 223, each contractTypical one-bed in Al Ghaf 1
40K60K202120232025Typical rent by year: 2021 AED 40,000; 2022 AED 44,000; 2023 AED 50,100; 2024 AED 62,653; 2025 AED 72,000New contract, May 2021: AED 41,000 a yearRenewal, June 2023: AED 49,500 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Al Ghaf 1, and where 223 sits

All 22 1-beds →

223 last sold in July 2024 at AED 1,179 per sqft, 10% above what one-beds in Al Ghaf 1 were fetching at the time (AED 1,074).

Recent 1-bed salesUnit no.Price (AED)Summary
16 Jun 20251,100,000
1 Apr 2024894,232
26 Jan 2024886,680
8 Jan 2024870,000
0 1-bed sales in the last 12 months

Al Ghaf 1

Building

125 apartments, studios to 4-bed over 6 floors in Arjan. 3 sold in the last 12 months.

Typical price per sqft
AED 1,459
Typical sale
AED 607K
Typical rent
AED 80K /yr
Typical yield
7.8%
Al Ghaf 1, Arjan: prices, sales and rents →

Other units on the 2nd floor

All 125 units in Al Ghaf 1
Value
2012-bedAED 1M · Sep 2024
2023-bedAED 1.11M · Sep 2024
2033-bedAED 910K · Sep 2024
2044-bedAED 471K · Dec 2023
2053-bedAED 980K · Mar 2024
2063-bedAED 1.15M · Jan 2025
2073-bedAED 1.09M · Dec 2024
1–7 of 29

223, Al Ghaf 1 in numbers

  • Sold once: by the developer on 9 July 2024 for AED 999,854, or AED 1,179 per sqft.
  • Rented since May 2021 on 2 Ejari contracts, from AED 41,000 to AED 49,500 a year.
  • At AED 49,500 a year the gross yield on the 2024 price is 5.0%, before a service charge of about AED 10,500 a year (AED 12.41 per sqft).

Source: Dubai Land Department. Updated 9 July 2024.

Questions about 223, Al Ghaf 1

What did unit 223 last sell for?

AED 999,854 on 9 July 2024, sold by the developer: AED 1,179 per sqft for 847 sqft. It is the only registered sale of the unit.

What is the rent for unit 223?

AED 49,500 a year on the contract renewed on 3 June 2023. The previous contract, from May 2021, was AED 41,000.

How big is unit 223?

847 sqft (78.7 sqm): a one-bedroom apartment on the 2nd floor of a 6-storey tower.

What is unit 223 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 223, Al Ghaf 1

Starts from the last sale price (AED 1000K, 9 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 999,854
Deposit, UAE resident (20%)
AED 199,971
Deposit, non-resident (40%)
AED 399,942
Monthly over 25 years at 3.7%
AED 4,091

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