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3-bed · 2,012 sqftAl Jaz 4, The Greens · 4th floor

408, Al Jaz 4

Sold prices and rental history: sold once, by the developer in March 2013, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 408 · DLD and Ejari recordsUpdated 5 January 2024
Last soldAED 1.47M13 March 2013
Current rentAED 160K /yr5 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 408, Al Jaz 4

What is 408 worth today?

Last sold for AED 1,470,000 in 2013

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5 Jan 2024RentedRenewal
AED 160,000/yr12 months · AED 79 per sqft
5 Jan 2023RentedNew contract
AED 150,000/yr12 months · AED 75 per sqft
5 Jan 2022RentedNew contract
AED 140,000/yr12 months · AED 70 per sqft
1 Feb 2014RentedNew contract
AED 150,000/yr12 months · AED 75 per sqft
13 Mar 2013Sold by developerReady
AED 1,470,000AED 730 per sqft

Source: Dubai Land Department. Updated 5 January 2024.

Key facts

Type
3-bed apartment
Size
2,012 sqft
Floor
4th of 6
Parking
T4-B-11 , T4-B-12
Service charge
AED 32,700 /yr
Last sold
AED 1.47M · March 2013
Building
Al Jaz 4

About 408, Al Jaz 4

408 is a three-bedroom apartment of 2,012 sqft on the 4th floor of Al Jaz 4, a 6-storey tower in The Greens. The developer sold it on 13 March 2013 for AED 1,470,000, or AED 730 per sqft, 26% below the AED 987 three-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, renewed on 5 January 2024, is AED 160,000 a year: a gross yield of 10.9% on the 2013 price, before the service charge of about AED 32,700 a year.

Sales and rents for 408 over time

Sales
Unit 408, each saleTypical three-bed in Al Jaz 4
1M2M2008201220162020Typical sale price by year: 2008 AED 804,400; 2009 AED 436,900; 2010 AED 1,100,000; 2012 AED 1,400,000; 2013 AED 1,650,000; 2014 AED 2,425,000; 2017 AED 1,860,000; 2021 AED 1,657,500Sold by developer, March 2013: AED 1,470,000 (AED 730 per sqft)

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

Rents
Unit 408, each contractTypical three-bed in Al Jaz 4
100K150K2013201720212025Typical rent by year: 2013 AED 145,000; 2014 AED 165,000; 2015 AED 170,000; 2016 AED 163,500; 2017 AED 155,000; 2018 AED 140,000; 2019 AED 120,000; 2020 AED 122,500; 2021 AED 110,000; 2022 AED 112,200; 2023 AED 150,000; 2024 AED 165,000; 2025 AED 165,000New contract, February 2014: AED 150,000 a yearNew contract, January 2022: AED 140,000 a yearNew contract, January 2023: AED 150,000 a yearRenewal, January 2024: AED 160,000 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 Jaz 4, and where 408 sits

All 29 3-beds →

408 last sold in March 2013 at AED 730 per sqft, 26% below what three-beds in Al Jaz 4 were fetching at the time (AED 987). Over the last 12 months three-beds sold for AED 2,600,000 to 3,300,000, around AED 1,606 per sqft, and rent for AED 175,000 to 175,000 a year.

Recent 3-bed salesUnit no.Price (AED)Summary
15 Dec 20252,600,000
26 Jun 20242,350,000
22 May 20242,400,000
6 Jul 20231,975,000
2 3-bed sales in the last 12 months

Al Jaz 4

Building

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

Typical price per sqft
AED 1,606
Typical sale
AED 2.66M
Typical rent
AED 175K /yr
Typical yield
6.8%
Al Jaz 4, The Greens: prices, sales and rents →

Other units on the 4th floor

All 45 units in Al Jaz 4
Value
4073-bedAED 884K · Jan 2012

408, Al Jaz 4 in numbers

  • Sold once: by the developer on 13 March 2013 for AED 1,470,000, or AED 730 per sqft.
  • Rented since February 2014 on 4 Ejari contracts, from AED 150,000 to AED 160,000 a year.
  • At AED 160,000 a year the gross yield on the 2013 price is 10.9%, before a service charge of about AED 32,700 a year (AED 16.24 per sqft).
  • Three-beds in Al Jaz 4 sold for AED 2,600,000–3,300,000 in the 12 months to November 2026; the building's median across all types is AED 1,606 per sqft.

Source: Dubai Land Department. Updated 5 January 2024.

Questions about 408, Al Jaz 4

What did unit 408 last sell for?

AED 1,470,000 on 13 March 2013, sold by the developer: AED 730 per sqft for 2,012 sqft. It is the only registered sale of the unit.

What is the rent for unit 408?

AED 160,000 a year on the contract renewed on 5 January 2024. The previous contract, from January 2023, was AED 150,000; the unit has been rented since February 2014.

How big is unit 408?

2,012 sqft (186.9 sqm): a three-bedroom apartment on the 4th floor of a 6-storey tower.

What is unit 408 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Al Jaz 4 sold for AED 2,600,000 to 3,300,000 in the last 12 months, around AED 1,606 per sqft.

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Mortgage on 408, Al Jaz 4

Starts from the last sale price (AED 1.47M, 13 March 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,470,000
Deposit, UAE resident (20%)
AED 294,000
Deposit, non-resident (40%)
AED 588,000
Monthly over 25 years at 3.7%
AED 6,014

Plus AED 66,750 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →