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2-bed · 1,281 sqftAl Ghozlan 3, The Greens · 1st floor

118, Al Ghozlan 3

Sold prices and rental history: sold twice, last in June 2023, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 118 · DLD and Ejari recordsUpdated 21 June 2023
Last soldAED 1.48M21 June 2023
Current rentAED 95K /yr15 June 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 118, Al Ghozlan 3

What is 118 worth today?

Last sold for AED 1,480,000 in 2023

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21 Jun 2023SoldReady
AED 1,480,000AED 1,154 per sqft
15 Jun 2022RentedNew contract
AED 95,000/yr12 months · AED 74 per sqft
20 Feb 2021RentedNew contract
AED 87,000/yr12 months · AED 68 per sqft
19 Jan 2020RentedNew contract
AED 100,000/yr12 months · AED 78 per sqft
1 Nov 2018RentedRenewal
AED 140,000/yr12 months · AED 109 per sqft
1 Nov 2017RentedNew contract
AED 140,000/yr12 months · AED 109 per sqft
23 Jun 2015Sold by developerReady
AED 1,356,921AED 1,058 per sqft
20 Jun 2015RentedNew contract
AED 190,000/yr12 months · AED 148 per sqft

Source: Dubai Land Department. Updated 21 June 2023.

Key facts

Type
2-bed apartment
Size
1,281 sqft
Floor
1st of 7
Parking
161.
Service charge
AED 21,300 /yr
Last sold
AED 1.48M · June 2023
Building
Al Ghozlan 3

About 118, Al Ghozlan 3

118 is a two-bedroom apartment of 1,281 sqft on the 1st floor of Al Ghozlan 3, a 7-storey tower in The Greens. It last sold on 21 June 2023 for AED 1,480,000, or AED 1,154 per sqft.

It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, signed on 15 June 2022, is AED 95,000 a year: a gross yield of 6.4% on the 2023 price, before the service charge of about AED 21,300 a year.

Sales and rents for 118 over time

Sales
Unit 118, each saleTypical two-bed in Al Ghozlan 3
1M1.5M2008201220162020Typical sale price by year: 2008 AED 1,396,020; 2009 AED 1,299,857; 2010 AED 1,399,893; 2011 AED 1,200,000; 2012 AED 1,202,500; 2013 AED 1,557,500; 2014 AED 1,750,000; 2016 AED 1,630,000; 2020 AED 935,000; 2022 AED 1,290,000Sold by developer, June 2015: AED 1,356,921 (AED 1,058 per sqft)Sold, June 2023: AED 1,480,000 (AED 1,154 per sqft)

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

Rents
Unit 118, each contractTypical two-bed in Al Ghozlan 3
100K150K200K2012201620202024Typical rent by year: 2012 AED 95,000; 2013 AED 112,500; 2014 AED 130,000; 2015 AED 130,000; 2016 AED 125,000; 2017 AED 130,000; 2018 AED 110,000; 2019 AED 102,500; 2020 AED 88,000; 2021 AED 83,500; 2022 AED 82,500; 2023 AED 101,000; 2024 AED 120,000; 2025 AED 140,000New contract, June 2015: AED 190,000 a yearNew contract, November 2017: AED 140,000 a yearRenewal, November 2018: AED 140,000 a yearNew contract, January 2020: AED 100,000 a yearNew contract, February 2021: AED 87,000 a yearNew contract, June 2022: AED 95,000 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 Al Ghozlan 3, and where 118 sits

All 32 2-beds →

118's AED 95,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
8 Aug 20242,000,000
6 Jul 20231,390,000
23 Dec 20221,525,000
19 Jan 2022883,358
0 2-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

118, Al Ghozlan 3 in numbers

  • Sold twice: first on 23 June 2015 for AED 1,356,921, last on 21 June 2023 for AED 1,480,000 (AED 1,154 per sqft).
  • Rented since June 2015 on 6 Ejari contracts, from AED 190,000 to AED 95,000 a year.
  • At AED 95,000 a year the gross yield on the 2023 price is 6.4%, before a service charge of about AED 21,300 a year (AED 16.62 per sqft).

Source: Dubai Land Department. Updated 21 June 2023.

Questions about 118, Al Ghozlan 3

What did unit 118 last sell for?

AED 1,480,000 on 21 June 2023: AED 1,154 per sqft for 1,281 sqft. The unit has 2 registered sales; the first was AED 1,356,921 in June 2015.

What is the rent for unit 118?

AED 95,000 a year on the contract signed on 15 June 2022. The previous contract, from February 2021, was AED 87,000; the unit has been rented since June 2015.

How big is unit 118?

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

What is unit 118 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 118, Al Ghozlan 3

Starts from the last sale price (AED 1.48M, 21 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,480,000
Deposit, UAE resident (20%)
AED 296,000
Deposit, non-resident (40%)
AED 592,000
Monthly over 25 years at 3.7%
AED 6,055

Plus AED 67,170 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →