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3-bed · 1,600 sqftAl Ghaf 2, The Greens · 2nd floor

203, Al Ghaf 2

Sold prices and rental history: sold once, by the developer in July 2010, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 203 · DLD and Ejari recordsUpdated 1 July 2024
Last soldAED 690K4 July 2010
Current rentAED 180K /yr1 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 203, Al Ghaf 2

What is 203 worth today?

Last sold for AED 689,800 in 2010

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1 Jul 2024RentedNew contract
AED 180,000/yr12 months · AED 112 per sqft
22 Aug 2023RentedRenewal
AED 121,275/yr12 months · AED 76 per sqft
22 Aug 2022RentedRenewal
AED 115,500/yr12 months · AED 72 per sqft
22 Aug 2021RentedNew contract
AED 105,000/yr12 months · AED 65 per sqft
21 Sep 2020RentedRenewal
AED 90,000/yr12 months · AED 56 per sqft
9 Sep 2019RentedNew contract
AED 100,000/yr12 months · AED 62 per sqft
1 Aug 2018RentedRenewal
AED 125,000/yr12 months · AED 78 per sqft
1 Aug 2017RentedNew contract
AED 135,000/yr12 months · AED 84 per sqft

Source: Dubai Land Department. Updated 1 July 2024.

Key facts

Type
3-bed apartment
Size
1,600 sqft
Floor
2nd of 6
Parking
B-24
Service charge
AED 26,700 /yr
Last sold
AED 690K · July 2010
Building
Al Ghaf 2

About 203, Al Ghaf 2

203 is a three-bedroom apartment of 1,600 sqft on the 2nd floor of Al Ghaf 2, a 6-storey tower in The Greens. The developer sold it on 4 July 2010 for AED 689,800, or AED 431 per sqft, 4% above the AED 416 three-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 10 Ejari contracts. The current contract, signed on 1 July 2024, is AED 180,000 a year: a gross yield of 26.1% on the 2010 price, before the service charge of about AED 26,700 a year.

Sales and rents for 203 over time

Sales
Unit 203, each saleTypical three-bed in Al Ghaf 2
1M2M2008201320182023Typical sale price by year: 2008 AED 780,094; 2009 AED 1,250,000; 2010 AED 886,500; 2011 AED 1,100,000; 2012 AED 1,525,000; 2013 AED 1,950,000; 2020 AED 1,420,000; 2021 AED 1,206,870; 2024 AED 2,300,000Sold by developer, July 2010: AED 689,800 (AED 431 per sqft)

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

Rents
Unit 203, each contractTypical three-bed in Al Ghaf 2
100K150K2013201720212025Typical rent by year: 2013 AED 143,500; 2014 AED 156,250; 2015 AED 162,500; 2016 AED 162,500; 2017 AED 146,554; 2018 AED 132,500; 2019 AED 110,000; 2020 AED 102,500; 2021 AED 96,000; 2022 AED 110,000; 2023 AED 125,000; 2024 AED 139,625; 2025 AED 160,000New contract, June 2014: AED 155,000 a yearNew contract, June 2015: AED 155,000 a yearNew contract, August 2017: AED 135,000 a yearRenewal, August 2018: AED 125,000 a yearNew contract, September 2019: AED 100,000 a yearRenewal, September 2020: AED 90,000 a yearNew contract, August 2021: AED 105,000 a yearRenewal, August 2022: AED 115,500 a yearRenewal, August 2023: AED 121,275 a yearNew contract, July 2024: AED 180,000 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 Al Ghaf 2, and where 203 sits

All 29 3-beds →

203 last sold in July 2010 at AED 431 per sqft, 4% above what three-beds in Al Ghaf 2 were fetching at the time (AED 416).

Recent 3-bed salesUnit no.Price (AED)Summary
6 Dec 20242,450,000
27 Nov 20242,300,000
18 Sep 20242,050,000
9 Feb 20231,640,000
0 3-bed sales in the last 12 months

Al Ghaf 2

Building

45 apartments, 2-bed to 4-bed over 6 floors in The Greens. 1 sold in the last 12 months.

Typical price per sqft
AED 1,464
Typical sale
AED 2.3M
Typical rent
AED 145K /yr
Typical yield
7.0%
Al Ghaf 2, The Greens: prices, sales and rents →

Other units on the 2nd floor

All 45 units in Al Ghaf 2
Value
2012-bedAED 1.98M · May 2024
2023-bedAED 2.02M · Jul 2013
2044-bedAED 1.69M · Dec 2020
2053-bedAED 935K · May 2008
2063-bedAED 641K · May 2008
2073-bedAED 2.9M · Sep 2008
2083-bedAED 1.2M · Oct 2009
1–7 of 9

203, Al Ghaf 2 in numbers

  • Sold once: by the developer on 4 July 2010 for AED 689,800, or AED 431 per sqft.
  • Rented since June 2014 on 10 Ejari contracts. The rent fell from AED 155,000 to AED 90,000 in 2020 and recovered to AED 180,000 by July 2024.
  • At AED 180,000 a year the gross yield on the 2010 price is 26.1%, before a service charge of about AED 26,700 a year (AED 16.66 per sqft).

Source: Dubai Land Department. Updated 1 July 2024.

Questions about 203, Al Ghaf 2

What did unit 203 last sell for?

AED 689,800 on 4 July 2010, sold by the developer: AED 431 per sqft for 1,600 sqft. It is the only registered sale of the unit.

What is the rent for unit 203?

AED 180,000 a year on the contract signed on 1 July 2024. The previous contract, from August 2023, was AED 121,275; the unit has been rented since June 2014.

How big is unit 203?

1,600 sqft (148.6 sqm): a three-bedroom apartment on the 2nd floor of a 6-storey tower.

What is unit 203 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 203, Al Ghaf 2

Starts from the last sale price (AED 690K, 4 July 2010). Switch to today's estimate once you have unlocked it.
Price
AED 689,800
Deposit, UAE resident (20%)
AED 137,960
Deposit, non-resident (40%)
AED 275,920
Monthly over 25 years at 3.7%
AED 2,822

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