2-bed · 1,281 sqftAl Ghozlan 2, The Greens · 5th floor

518, Al Ghozlan 2

Sold prices and rental history: sold 3 times, last in March 2024, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 518 · DLD and Ejari recordsUpdated 28 November 2024
Last soldAED 1.68M6 March 2024
Current rentAED 109K /yr28 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 518, Al Ghozlan 2

What is 518 worth today?

Last sold for AED 1,680,000 in 2024

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28 Nov 2024RentedNew contract
AED 109,441/yr3 months · AED 85 per sqft
6 Mar 2024SoldReady
AED 1,680,000AED 1,311 per sqft
28 Nov 2023RentedRenewal
AED 100,000/yr12 months · AED 78 per sqft
28 Nov 2022RentedRenewal
AED 89,100/yr12 months · AED 70 per sqft
28 Nov 2021RentedRenewal
AED 81,000/yr12 months · AED 63 per sqft
28 Nov 2020RentedRenewal
AED 75,000/yr12 months · AED 59 per sqft
28 Nov 2019RentedRenewal
AED 92,500/yr12 months · AED 72 per sqft
24 Oct 2016RentedRenewal
AED 135,000/yr12 months · AED 105 per sqft

Source: Dubai Land Department. Updated 28 November 2024.

Key facts

Type
2-bed apartment
Size
1,281 sqft
Floor
5th of 7
Parking
15.
Service charge
AED 21,300 /yr
Last sold
AED 1.68M · March 2024
Building
Al Ghozlan 2

About 518, Al Ghozlan 2

518 is a two-bedroom apartment of 1,281 sqft on the 5th floor of Al Ghozlan 2, a 7-storey tower in The Greens. It last sold on 6 March 2024 for AED 1,680,000, or AED 1,311 per sqft, 14% above the AED 1,155 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 10 Ejari contracts. The current contract, signed on 28 November 2024, is AED 109,441 a year: a gross yield of 6.5% on the 2024 price, before the service charge of about AED 21,300 a year.

Sales and rents for 518 over time

Sales
Unit 518, each saleTypical two-bed in Al Ghozlan 2
1M2M2007201220172022Typical sale price by year: 2007 AED 477,225; 2008 AED 1,243,000; 2010 AED 1,284,000; 2011 AED 975,000; 2012 AED 930,000; 2013 AED 1,650,000; 2014 AED 1,500,000; 2015 AED 1,652,500; 2016 AED 1,650,000; 2022 AED 1,220,000; 2023 AED 1,640,000; 2024 AED 1,541,000; 2025 AED 1,875,000Sold by developer, February 2011: AED 1,670,000 (AED 1,303 per sqft)Sold, December 2015: AED 1,635,000 (AED 1,275 per sqft)Sold, March 2024: AED 1,680,000 (AED 1,311 per sqft)

518 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 518, each contractTypical two-bed in Al Ghozlan 2
100K2012201620202024Typical rent by year: 2012 AED 100,000; 2013 AED 102,500; 2014 AED 128,750; 2015 AED 130,000; 2016 AED 120,000; 2017 AED 125,000; 2018 AED 110,000; 2019 AED 92,000; 2020 AED 75,000; 2021 AED 75,000; 2022 AED 88,275; 2023 AED 98,400; 2024 AED 115,563; 2025 AED 118,402New contract, July 2012: AED 100,000 a yearNew contract, July 2014: AED 135,000 a yearNew contract, October 2015: AED 135,000 a yearRenewal, October 2016: AED 135,000 a yearRenewal, November 2019: AED 92,500 a yearRenewal, November 2020: AED 75,000 a yearRenewal, November 2021: AED 81,000 a yearRenewal, November 2022: AED 89,100 a yearRenewal, November 2023: AED 100,000 a yearNew contract, November 2024: AED 109,441 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 Al Ghozlan 2, and where 518 sits

All 31 2-beds →

518 last sold in March 2024 at AED 1,311 per sqft, 14% above what two-beds in Al Ghozlan 2 were fetching at the time (AED 1,155). Over the last 12 months two-beds sold for AED 1,710,000 to 1,875,000, around AED 1,616 per sqft.

Recent 2-bed salesUnit no.Price (AED)Summary
26 Dec 20251,710,000
23 Dec 20251,875,000
15 Jul 20252,000,000
11 Mar 20252,300,000
2 2-bed sales in the last 12 months

Al Ghozlan 2

Building

108 apartments, 1-bed to 2-bed over 7 floors in The Greens. 3 sold in the last 12 months.

Typical price per sqft
AED 1,664
Typical sale
AED 1.71M
Typical rent
AED 75K /yr
Typical yield
6.0%
Al Ghozlan 2, The Greens: prices, sales and rents →

Other units on the 5th floor

All 108 units in Al Ghozlan 2
Value
5151-bedAED 660K · Apr 2009
5161-bedAED 1.28M · Dec 2023
5172-bedAED 1.88M · Dec 2025
5192-bedAED 1.5M · Jul 2023

518, Al Ghozlan 2 in numbers

  • Sold 3 times: first on 7 February 2011 for AED 1,670,000, last on 6 March 2024 for AED 1,680,000 (AED 1,311 per sqft).
  • Rented since July 2012 on 10 Ejari contracts. The rent fell from AED 100,000 to AED 75,000 in 2020 and recovered to AED 109,441 by November 2024.
  • At AED 109,441 a year the gross yield on the 2024 price is 6.5%, before a service charge of about AED 21,300 a year (AED 16.62 per sqft).
  • Two-beds in Al Ghozlan 2 sold for AED 1,710,000–1,875,000 in the 12 months to November 2026; the building's median across all types is AED 1,664 per sqft.

Source: Dubai Land Department. Updated 28 November 2024.

Questions about 518, Al Ghozlan 2

What did unit 518 last sell for?

AED 1,680,000 on 6 March 2024: AED 1,311 per sqft for 1,281 sqft. The unit has 3 registered sales; the first was AED 1,670,000 in February 2011.

What is the rent for unit 518?

AED 109,441 a year on the contract signed on 28 November 2024. The previous contract, from November 2023, was AED 100,000; the unit has been rented since July 2012.

How big is unit 518?

1,281 sqft (119.0 sqm): a two-bedroom apartment on the 5th floor of a 7-storey tower.

What is unit 518 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Al Ghozlan 2 sold for AED 1,710,000 to 1,875,000 in the last 12 months, around AED 1,616 per sqft.

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Mortgage on 518, Al Ghozlan 2

Starts from the last sale price (AED 1.68M, 6 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,680,000
Deposit, UAE resident (20%)
AED 336,000
Deposit, non-resident (40%)
AED 672,000
Monthly over 25 years at 3.7%
AED 6,873

Plus AED 75,570 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →