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2-bed · 761 sqftThe Nook 2, Jebel Ali First · 3rd floor · completed 2022

316, The Nook 2

Sold prices and rental history: sold once, by the developer in July 2020, and rented once, from February 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 316 · DLD and Ejari recordsUpdated 15 February 2024
Last soldAED 706K4 July 2020
Current rentAED 65K /yr15 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 316, The Nook 2

What is 316 worth today?

Last sold for AED 705,777 in 2020

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15 Feb 2024RentedRenewal
AED 65,000/yr12 months · AED 85 per sqft
4 Jul 2020Sold by developerOff-plan
AED 705,777AED 927 per sqft

Source: Dubai Land Department. Updated 15 February 2024.

Key facts

Type
2-bed apartment
Size
761 sqft
Floor
3rd of 11
Parking
T2-P2-52
Developer
Wasl
Completed
2022
Service charge
AED 15,200 /yr
Last sold
AED 706K · July 2020
Building
The Nook 2

About 316, The Nook 2

316 is a two-bedroom apartment of 761 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 4 July 2020 for AED 705,777, or AED 927 per sqft, in line with the AED 929 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 15 February 2024. The current contract, renewed on 15 February 2024, is AED 65,000 a year: a gross yield of 9.2% on the 2020 price, before the service charge of about AED 15,200 a year.

Sales and rents for 316 over time

Sales
Unit 316, each saleTypical two-bed in The Nook 2
800K1M2019202120232025Typical sale price by year: 2019 AED 695,889; 2020 AED 715,777; 2021 AED 718,777; 2022 AED 722,999; 2023 AED 823,777; 2024 AED 821,777; 2025 AED 1,000,000Sold by developer, July 2020: AED 705,777 (AED 927 per sqft)

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

Rents
Unit 316, each contractTypical two-bed in The Nook 2
60K70K202220242026Typical rent by year: 2022 AED 60,000; 2023 AED 61,917; 2024 AED 70,000; 2025 AED 75,000; 2026 AED 73,800Renewal, February 2024: AED 65,000 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 2, and where 316 sits

All 162 2-beds →

316 last sold in July 2020 at AED 927 per sqft, in line with what two-beds in The Nook 2 were fetching at the time (AED 929). Over the last 12 months two-beds sold for AED 1,080,000 to 1,085,000, around AED 1,385 per sqft, and rent for AED 61,600 to 93,000 a year. 316's AED 65,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
5 Feb 20261,080,000
16 Jan 20261,085,000
16 Jul 20251,070,000
8 Jul 20251,040,000
3 2-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
3013-bedAED 936K · Jul 2021
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
1–7 of 26

316, The Nook 2 in numbers

  • Sold once: by Wasl on 4 July 2020 for AED 705,777, or AED 927 per sqft.
  • Rented since February 2024 on one Ejari contract, at AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2020 price is 9.2%, before a service charge of about AED 15,200 a year (AED 20.00 per sqft).
  • Two-beds in The Nook 2 sold for AED 1,080,000–1,085,000 in the 12 months to November 2026; the building's median across all types is AED 1,426 per sqft.

Source: Dubai Land Department. Updated 15 February 2024.

Questions about 316, The Nook 2

What did unit 316 last sell for?

AED 705,777 on 4 July 2020, sold by the developer: AED 927 per sqft for 761 sqft. It is the only registered sale of the unit.

What is the rent for unit 316?

AED 65,000 a year on the contract renewed on 15 February 2024.

How big is unit 316?

761 sqft (70.7 sqm): a two-bedroom apartment on the 3rd floor of a 11-storey tower completed in 2022.

What is unit 316 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 2 sold for AED 1,080,000 to 1,085,000 in the last 12 months, around AED 1,385 per sqft.

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Mortgage on 316, The Nook 2

Starts from the last sale price (AED 706K, 4 July 2020). Switch to today's estimate once you have unlocked it.
Price
AED 705,777
Deposit, UAE resident (20%)
AED 141,155
Deposit, non-resident (40%)
AED 282,311
Monthly over 25 years at 3.7%
AED 2,888

Plus AED 34,653 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →