2-bed · 1,085 sqftAl Ghozlan 3, The Greens · 3rd floor

311, Al Ghozlan 3

Sold prices and rental history: sold once, by the developer in July 2008, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 311 · DLD and Ejari recordsUpdated 8 November 2024
Last soldAED 1.18M7 July 2008
Current rentAED 120K /yr8 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 311, Al Ghozlan 3

What is 311 worth today?

Last sold for AED 1,179,799 in 2008

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8 Nov 2024RentedRenewal
AED 120,000/yr12 months · AED 110 per sqft
8 Nov 2023RentedNew contract
AED 120,000/yr12 months · AED 110 per sqft
4 Jun 2022RentedNew contract
AED 75,000/yr12 months · AED 69 per sqft
1 May 2016RentedRenewal
AED 125,000/yr12 months · AED 115 per sqft
1 May 2015RentedNew contract
AED 125,000/yr12 months · AED 115 per sqft
1 May 2014RentedNew contract
AED 125,000/yr12 months · AED 115 per sqft
7 Jul 2008Sold by developerReady
AED 1,179,799AED 1,087 per sqft

Source: Dubai Land Department. Updated 8 November 2024.

Key facts

Type
2-bed apartment
Size
1,085 sqft
Floor
3rd of 7
Parking
152.
Service charge
AED 18,000 /yr
Last sold
AED 1.18M · July 2008
Building
Al Ghozlan 3

About 311, Al Ghozlan 3

311 is a two-bedroom apartment of 1,085 sqft on the 3rd floor of Al Ghozlan 3, a 7-storey tower in The Greens. The developer sold it on 7 July 2008 for AED 1,179,799, or AED 1,087 per sqft, in line with the AED 1,087 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, renewed on 8 November 2024, is AED 120,000 a year: a gross yield of 10.2% on the 2008 price, before the service charge of about AED 18,000 a year.

Sales and rents for 311 over time

Sales
Unit 311, 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, July 2008: AED 1,179,799 (AED 1,087 per sqft)

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

Rents
Unit 311, each contractTypical two-bed in Al Ghozlan 3
100K150K2012201620202024Typical 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, May 2014: AED 125,000 a yearNew contract, May 2015: AED 125,000 a yearRenewal, May 2016: AED 125,000 a yearNew contract, June 2022: AED 75,000 a yearNew contract, November 2023: AED 120,000 a yearRenewal, November 2024: AED 120,000 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 311 sits

All 32 2-beds →

311 last sold in July 2008 at AED 1,087 per sqft, in line with what two-beds in Al Ghozlan 3 were fetching at the time (AED 1,087). 311's AED 120,000 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
21 Jun 20231,480,000
23 Dec 20221,525,000
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 3rd floor

All 108 units in Al Ghozlan 3
Value
3011-bedAED 1.27M · May 2025
3021-bedAED 699K · Mar 2012
3031-bedAED 1.1M · Feb 2024
3041-bedAED 1.1M · Apr 2015
3052-bedAED 1.83M · Nov 2015
3061-bedAED 540K · Nov 2011
3071-bedAED 535K · Dec 2011
1–7 of 18

311, Al Ghozlan 3 in numbers

  • Sold once: by the developer on 7 July 2008 for AED 1,179,799, or AED 1,087 per sqft.
  • Rented since May 2014 on 6 Ejari contracts. The rent fell from AED 125,000 to AED 75,000 in 2022 and recovered to AED 120,000 by November 2024.
  • At AED 120,000 a year the gross yield on the 2008 price is 10.2%, before a service charge of about AED 18,000 a year (AED 16.62 per sqft).

Source: Dubai Land Department. Updated 8 November 2024.

Questions about 311, Al Ghozlan 3

What did unit 311 last sell for?

AED 1,179,799 on 7 July 2008, sold by the developer: AED 1,087 per sqft for 1,085 sqft. It is the only registered sale of the unit.

What is the rent for unit 311?

AED 120,000 a year on the contract renewed on 8 November 2024. The previous contract, from November 2023, was AED 120,000; the unit has been rented since May 2014.

How big is unit 311?

1,085 sqft (100.8 sqm): a two-bedroom apartment on the 3rd floor of a 7-storey tower.

What is unit 311 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 311, Al Ghozlan 3

Starts from the last sale price (AED 1.18M, 7 July 2008). Switch to today's estimate once you have unlocked it.
Price
AED 1,179,799
Deposit, UAE resident (20%)
AED 235,960
Deposit, non-resident (40%)
AED 471,920
Monthly over 25 years at 3.7%
AED 4,827

Plus AED 54,562 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →