1-bed · 754 sqftAl Ghozlan 3, The Greens · 1st floor

116, Al Ghozlan 3

Sold prices and rental history: sold twice, last in July 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 116 · DLD and Ejari recordsUpdated 31 December 2023
Last soldAED 870K20 July 2023
Current rentAED 58K /yr31 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 116, Al Ghozlan 3

What is 116 worth today?

Last sold for AED 870,000 in 2023

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31 Dec 2023RentedNew contract
AED 57,500/yr12 months · AED 76 per sqft
20 Jul 2023SoldReady
AED 870,000AED 1,154 per sqft
1 Jan 2023RentedNew contract
AED 50,000/yr12 months · AED 66 per sqft
1 Jan 2023RentedRenewal
AED 50,000/yr12 months · AED 66 per sqft
1 Jan 2022RentedRenewal
AED 43,000/yr12 months · AED 57 per sqft
1 Jan 2021RentedNew contract
AED 38,000/yr12 months · AED 50 per sqft
1 Nov 2019RentedRenewal
AED 60,000/yr12 months · AED 80 per sqft
1 Nov 2018RentedRenewal
AED 68,000/yr12 months · AED 90 per sqft

Source: Dubai Land Department. Updated 31 December 2023.

Key facts

Type
1-bed apartment
Size
754 sqft
Floor
1st of 7
Parking
112.
Service charge
AED 12,500 /yr
Last sold
AED 870K · July 2023
Building
Al Ghozlan 3

About 116, Al Ghozlan 3

116 is a one-bedroom apartment of 754 sqft on the 1st floor of Al Ghozlan 3, a 7-storey tower in The Greens. It last sold on 20 July 2023 for AED 870,000, or AED 1,154 per sqft, 23% above the AED 940 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 11 Ejari contracts. The current contract, signed on 31 December 2023, is AED 57,500 a year: a gross yield of 6.6% on the 2023 price, before the service charge of about AED 12,500 a year.

Sales and rents for 116 over time

Sales
Unit 116, each saleTypical one-bed in Al Ghozlan 3
500K1M2008201320182023Typical sale price by year: 2008 AED 990,000; 2009 AED 826,977; 2010 AED 690,000; 2011 AED 540,000; 2012 AED 700,000; 2013 AED 935,000; 2014 AED 1,150,000; 2015 AED 1,060,000; 2016 AED 960,000; 2018 AED 977,500; 2020 AED 628,750; 2021 AED 600,000; 2022 AED 650,000; 2023 AED 850,000; 2024 AED 1,100,000; 2025 AED 1,335,000Sold by developer, January 2014: AED 500,000 (AED 663 per sqft)Sold, July 2023: AED 870,000 (AED 1,154 per sqft)

116 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 116, each contractTypical one-bed in Al Ghozlan 3
50K75K2012201620202024Typical rent by year: 2012 AED 57,000; 2013 AED 70,000; 2014 AED 85,000; 2015 AED 82,000; 2016 AED 85,000; 2017 AED 80,000; 2018 AED 69,000; 2019 AED 60,000; 2020 AED 50,000; 2021 AED 43,500; 2022 AED 51,750; 2023 AED 64,400; 2024 AED 72,765; 2025 AED 78,000; 2026 AED 80,000New contract, October 2014: AED 83,000 a yearNew contract, October 2015: AED 83,000 a yearNew contract, November 2016: AED 75,000 a yearRenewal, November 2017: AED 75,000 a yearRenewal, November 2018: AED 68,000 a yearRenewal, November 2019: AED 60,000 a yearNew contract, January 2021: AED 38,000 a yearRenewal, January 2022: AED 43,000 a yearNew contract, January 2023: AED 50,000 a yearRenewal, January 2023: AED 50,000 a yearNew contract, December 2023: AED 57,500 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Al Ghozlan 3, and where 116 sits

All 71 1-beds →

116 last sold in July 2023 at AED 1,154 per sqft, 23% above what one-beds in Al Ghozlan 3 were fetching at the time (AED 940). Over the last 12 months one-beds sold for AED 1,350,000 to 1,590,000, around AED 1,950 per sqft, and rent for AED 63,250 to 130,000 a year. 116's AED 57,500 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
5 Jan 20261,500,000
24 Dec 20251,570,000
24 Jun 20251,250,000
4 Jun 20251,400,000
4 1-bed sales in the last 12 months

Al Ghozlan 3

Building

108 apartments, 1-bed to 2-bed over 7 floors in The Greens. 4 sold in the last 12 months.

Typical price per sqft
AED 1,950
Typical sale
AED 1.54M
Typical rent
AED 85K /yr
Typical yield
5.4%
Al Ghozlan 3, The Greens: prices, sales and rents →

Other units on the 1st floor

All 108 units in Al Ghozlan 3
Value
1011-bedAED 1.01M · Jun 2018
1021-bedAED 980K · Mar 2018
1031-bedAED 1.2M · Nov 2024
1041-bedAED 700K · May 2020
1052-bedAED 1.85M · Mar 2016
1061-bedAED 1.11M · Jul 2013
1071-bedAED 725K · Oct 2012
1–7 of 18

116, Al Ghozlan 3 in numbers

  • Sold twice: first on 30 January 2014 for AED 500,000, last on 20 July 2023 for AED 870,000 (AED 1,154 per sqft).
  • Rented since October 2014 on 11 Ejari contracts. The rent fell from AED 83,000 to AED 38,000 in 2021 and recovered to AED 57,500 by December 2023.
  • At AED 57,500 a year the gross yield on the 2023 price is 6.6%, before a service charge of about AED 12,500 a year (AED 16.62 per sqft).
  • One-beds in Al Ghozlan 3 sold for AED 1,350,000–1,590,000 in the 12 months to November 2026; the building's median across all types is AED 1,950 per sqft.

Source: Dubai Land Department. Updated 31 December 2023.

Questions about 116, Al Ghozlan 3

What did unit 116 last sell for?

AED 870,000 on 20 July 2023: AED 1,154 per sqft for 754 sqft. The unit has 2 registered sales; the first was AED 500,000 in January 2014.

What is the rent for unit 116?

AED 57,500 a year on the contract signed on 31 December 2023. The previous contract, from January 2023, was AED 50,000; the unit has been rented since October 2014.

How big is unit 116?

754 sqft (70.0 sqm): a one-bedroom apartment on the 1st floor of a 7-storey tower.

What is unit 116 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Al Ghozlan 3 sold for AED 1,350,000 to 1,590,000 in the last 12 months, around AED 1,950 per sqft.

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Mortgage on 116, Al Ghozlan 3

Starts from the last sale price (AED 870K, 20 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 870,000
Deposit, UAE resident (20%)
AED 174,000
Deposit, non-resident (40%)
AED 348,000
Monthly over 25 years at 3.7%
AED 3,559

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