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2-bed · 782 sqftThe Nook 1, Jebel Ali First · 7th floor · completed 2022

717, The Nook 1

Sold prices and rental history: sold once, by the developer in December 2022, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 717 · DLD and Ejari recordsUpdated 15 August 2024
Last soldAED 889K6 December 2022
Current rentAED 74K /yr15 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 717, The Nook 1

What is 717 worth today?

Last sold for AED 888,777 in 2022

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15 Aug 2024RentedNew contract
AED 74,000/yr12 months · AED 94 per sqft
15 Feb 2024RentedRenewal
AED 69,000/yr12 months · AED 88 per sqft
15 Feb 2024RentedRenewal
AED 68,795/yr12 months · AED 88 per sqft
7 Feb 2023RentedNew contract
AED 65,175/yr12 months · AED 83 per sqft
6 Dec 2022Sold by developerReady
AED 888,777AED 1,136 per sqft

Source: Dubai Land Department. Updated 15 August 2024.

Key facts

Type
2-bed apartment
Size
782 sqft
Floor
7th of 12
Parking
T1-P1-50
Developer
Wasl
Completed
2022
Last sold
AED 889K · December 2022
Building
The Nook 1

About 717, The Nook 1

717 is a two-bedroom apartment of 782 sqft on the 7th floor of The Nook 1, a 12-storey tower in Jebel Ali First completed in 2022 by Wasl. The developer sold it on 6 December 2022 for AED 888,777, or AED 1,136 per sqft, in line with the AED 1,137 two-beds in the building were fetching at the time.

It has been rented continuously since 2023 on 4 Ejari contracts. The current contract, signed on 15 August 2024, is AED 74,000 a year: a gross yield of 8.3% on the 2022 price.

Sales and rents for 717 over time

Sales
Unit 717, each saleTypical two-bed in The Nook 1
1M202220242026Typical sale price by year: 2022 AED 869,777; 2023 AED 873,777; 2024 AED 980,000; 2025 AED 1,050,000; 2026 AED 1,110,000Sold by developer, December 2022: AED 888,777 (AED 1,136 per sqft)

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

Rents
Unit 717, each contractTypical two-bed in The Nook 1
60K70K80K202220242026Typical rent by year: 2022 AED 58,000; 2023 AED 61,000; 2024 AED 70,000; 2025 AED 75,500; 2026 AED 80,000New contract, February 2023: AED 65,175 a yearRenewal, February 2024: AED 69,000 a yearRenewal, February 2024: AED 68,795 a yearNew contract, August 2024: AED 74,000 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 Nook 1, and where 717 sits

All 168 2-beds →

717 last sold in December 2022 at AED 1,136 per sqft, in line with what two-beds in The Nook 1 were fetching at the time (AED 1,137). Over the last 12 months two-beds sold for AED 827,822 to 1,150,000, around AED 1,385 per sqft, and rent for AED 65,000 to 114,000 a year. 717's AED 74,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
18 Feb 20261,110,000
22 Jan 20261,150,000
16 Jan 20261,055,000
24 Jul 20251,020,000
5 2-bed sales in the last 12 months

The Nook 1

Building

298 apartments, studios to 3-bed over 12 floors in Jebel Ali First, completed in 2022 by Wasl. 11 sold in the last 12 months.

Typical price per sqft
AED 1,419 Up 2.4%
Typical sale
AED 1.06M
Typical rent
AED 74K /yr
Typical yield
7.6%
The Nook 1, Jebel Ali First: prices, sales and rents →

Other units on the 7th floor

All 298 units in The Nook 1
Value
7013-bedAED 1.01M · Nov 2022
7021-bedAED 584K · Mar 2023
7032-bedAED 876K · Nov 2022
7041-bedAED 585K · Nov 2022
7051-bedAED 585K · Jan 2023
706AED 1.1M · Nov 2025
7071-bedAED 585K · Nov 2022
1–7 of 25

717, The Nook 1 in numbers

  • Sold once: by Wasl on 6 December 2022 for AED 888,777, or AED 1,136 per sqft.
  • Rented since February 2023 on 4 Ejari contracts, from AED 65,175 to AED 74,000 a year.
  • At AED 74,000 a year the gross yield on the 2022 price is 8.3%.
  • Two-beds in The Nook 1 sold for AED 827,822–1,150,000 in the 12 months to November 2026; the building's median across all types is AED 1,419 per sqft.

Source: Dubai Land Department. Updated 15 August 2024.

Questions about 717, The Nook 1

What did unit 717 last sell for?

AED 888,777 on 6 December 2022, sold by the developer: AED 1,136 per sqft for 782 sqft. It is the only registered sale of the unit.

What is the rent for unit 717?

AED 74,000 a year on the contract signed on 15 August 2024. The previous contract, from February 2024, was AED 69,000; the unit has been rented since February 2023.

How big is unit 717?

782 sqft (72.7 sqm): a two-bedroom apartment on the 7th floor of a 12-storey tower completed in 2022.

What is unit 717 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in The Nook 1 sold for AED 827,822 to 1,150,000 in the last 12 months, around AED 1,385 per sqft.

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Mortgage on 717, The Nook 1

Starts from the last sale price (AED 889K, 6 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 888,777
Deposit, UAE resident (20%)
AED 177,755
Deposit, non-resident (40%)
AED 355,511
Monthly over 25 years at 3.7%
AED 3,636

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