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2-bed · 746 sqftThe Nook 2, Jebel Ali First · 5th floor · completed 2022

515, The Nook 2

Sold prices and rental history: sold once, by the developer in September 2019, and rented once, from November 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 515 · DLD and Ejari recordsUpdated 10 November 2022
Last soldAED 695K24 September 2019
Current rentAED 68K /yr10 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 515, The Nook 2

What is 515 worth today?

Last sold for AED 695,000 in 2019

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10 Nov 2022RentedNew contract
AED 68,000/yr12 months · AED 92 per sqft
24 Sep 2019Sold by developerOff-plan
AED 695,000AED 931 per sqft

Source: Dubai Land Department. Updated 10 November 2022.

Key facts

Type
2-bed apartment
Size
746 sqft
Floor
5th of 11
Parking
T2-P2-5
Developer
Wasl
Completed
2022
Service charge
AED 14,900 /yr
Last sold
AED 695K · September 2019
Building
The Nook 2

About 515, The Nook 2

515 is a two-bedroom apartment of 746 sqft on the 5th floor of The Nook 2, a 11-storey tower in Jebel Ali First completed in 2022 by Wasl. The developer sold it on 24 September 2019 for AED 695,000, or AED 931 per sqft, in line with the AED 929 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 10 November 2022. The current contract, signed on 10 November 2022, is AED 68,000 a year: a gross yield of 9.8% on the 2019 price, before the service charge of about AED 14,900 a year.

Sales and rents for 515 over time

Sales
Unit 515, 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, September 2019: AED 695,000 (AED 931 per sqft)

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

Rents
Unit 515, 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 73,800New contract, November 2022: AED 68,000 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 515 sits

All 162 2-beds →

515 last sold in September 2019 at AED 931 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. 515's AED 68,000 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 5th floor

All 297 units in The Nook 2
Value
5013-bedAED 1.09M · Jan 2023
5023-bedAED 941K · Apr 2021
503StudioAED 327K · Sep 2019
504StudioAED 377K · Jul 2019
5053-bedAED 1.53M · Jun 2025
5062-bedAED 783K · Nov 2023
5072-bedAED 678K · Oct 2019
1–7 of 26

515, The Nook 2 in numbers

  • Sold once: by Wasl on 24 September 2019 for AED 695,000, or AED 931 per sqft.
  • Rented since November 2022 on one Ejari contract, at AED 68,000 a year.
  • At AED 68,000 a year the gross yield on the 2019 price is 9.8%, before a service charge of about AED 14,900 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 10 November 2022.

Questions about 515, The Nook 2

What did unit 515 last sell for?

AED 695,000 on 24 September 2019, sold by the developer: AED 931 per sqft for 746 sqft. It is the only registered sale of the unit.

What is the rent for unit 515?

AED 68,000 a year on the contract signed on 10 November 2022.

How big is unit 515?

746 sqft (69.3 sqm): a two-bedroom apartment on the 5th floor of a 11-storey tower completed in 2022.

What is unit 515 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 515, The Nook 2

Starts from the last sale price (AED 695K, 24 September 2019). Switch to today's estimate once you have unlocked it.
Price
AED 695,000
Deposit, UAE resident (20%)
AED 139,000
Deposit, non-resident (40%)
AED 278,000
Monthly over 25 years at 3.7%
AED 2,843

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