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3-bed · 1,000 sqftThe Nook 2, Jebel Ali First · 3rd floor · completed 2022

301, The Nook 2

Sold prices and rental history: sold once, by the developer in July 2021, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 301 · DLD and Ejari recordsUpdated 29 September 2024
Last soldAED 936K14 July 2021
Current rentAED 95K /yr29 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 301, The Nook 2

What is 301 worth today?

Last sold for AED 935,777 in 2021

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29 Sep 2024RentedRenewal
AED 95,000/yr12 months · AED 95 per sqft
29 Sep 2023RentedNew contract
AED 95,000/yr12 months · AED 95 per sqft
5 Oct 2022RentedNew contract
AED 83,000/yr12 months · AED 83 per sqft
14 Jul 2021Sold by developerOff-plan
AED 935,777AED 935 per sqft

Source: Dubai Land Department. Updated 29 September 2024.

Key facts

Type
3-bed apartment
Size
1,000 sqft
Floor
3rd of 11
Parking
T2-P2-39
Developer
Wasl
Completed
2022
Service charge
AED 20,000 /yr
Last sold
AED 936K · July 2021
Building
The Nook 2

About 301, The Nook 2

301 is a three-bedroom apartment of 1,000 sqft on the 3rd floor of The Nook 2, a 11-storey tower in Jebel Ali First completed in 2022 by Wasl. The developer sold it on 14 July 2021 for AED 935,777, or AED 935 per sqft, in line with the AED 922 three-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 29 September 2024, is AED 95,000 a year: a gross yield of 10.2% on the 2021 price, before the service charge of about AED 20,000 a year.

Sales and rents for 301 over time

Sales
Unit 301, each saleTypical three-bed in The Nook 2
1M1.25M2019202120232025Typical sale price by year: 2019 AED 899,889; 2020 AED 918,777; 2021 AED 937,777; 2022 AED 923,999; 2023 AED 1,050,000; 2025 AED 1,400,000Sold by developer, July 2021: AED 935,777 (AED 935 per sqft)

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

Rents
Unit 301, each contractTypical three-bed in The Nook 2
90K202220242026Typical rent by year: 2022 AED 85,000; 2023 AED 85,000; 2024 AED 92,000; 2025 AED 95,000; 2026 AED 90,000New contract, October 2022: AED 83,000 a yearNew contract, September 2023: AED 95,000 a yearRenewal, September 2024: AED 95,000 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 The Nook 2, and where 301 sits

All 43 3-beds →

301 last sold in July 2021 at AED 935 per sqft, in line with what three-beds in The Nook 2 were fetching at the time (AED 922). 301's AED 95,000 is in the upper half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
23 Jun 20251,525,000
2 Jun 20251,400,000
21 Jan 20251,400,000
13 Jun 20241,360,000
0 3-bed sales in the last 12 months

The Nook 2

Building

297 apartments, studios to 3-bed over 11 floors in Jebel Ali First, completed in 2022 by Wasl. 5 sold in the last 12 months.

Typical price per sqft
AED 1,426
Typical sale
AED 1.08M
Typical rent
AED 70K /yr
Typical yield
7.2%
The Nook 2, Jebel Ali First: prices, sales and rents →

Other units on the 3rd floor

All 297 units in The Nook 2
Value
3023-bedAED 938K · Jun 2021
303StudioAED 326K · Sep 2019
304StudioAED 450K · Jan 2023
3053-bedAED 897K · Nov 2019
3062-bedAED 822K · Aug 2024
3072-bedAED 950K · Dec 2024
3082-bedAED 729K · Mar 2024
1–7 of 26

301, The Nook 2 in numbers

  • Sold once: by Wasl on 14 July 2021 for AED 935,777, or AED 935 per sqft.
  • Rented since October 2022 on 3 Ejari contracts, from AED 83,000 to AED 95,000 a year.
  • At AED 95,000 a year the gross yield on the 2021 price is 10.2%, before a service charge of about AED 20,000 a year (AED 20.00 per sqft).

Source: Dubai Land Department. Updated 29 September 2024.

Questions about 301, The Nook 2

What did unit 301 last sell for?

AED 935,777 on 14 July 2021, sold by the developer: AED 935 per sqft for 1,000 sqft. It is the only registered sale of the unit.

What is the rent for unit 301?

AED 95,000 a year on the contract renewed on 29 September 2024. The previous contract, from September 2023, was AED 95,000; the unit has been rented since October 2022.

How big is unit 301?

1,000 sqft (92.9 sqm): a three-bedroom apartment on the 3rd floor of a 11-storey tower completed in 2022.

What is unit 301 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 301, The Nook 2

Starts from the last sale price (AED 936K, 14 July 2021). Switch to today's estimate once you have unlocked it.
Price
AED 935,777
Deposit, UAE resident (20%)
AED 187,155
Deposit, non-resident (40%)
AED 374,311
Monthly over 25 years at 3.7%
AED 3,829

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