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3-bed · 2,014 sqftAl Jaz 4, The Greens · 5th floor

507, Al Jaz 4

Sold prices and rental history: sold twice, last in July 2021, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 507 · DLD and Ejari recordsUpdated 5 August 2024
Last soldAED 1.91M8 July 2021
Current rentAED 240K /yr5 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 507, Al Jaz 4

What is 507 worth today?

Last sold for AED 1,905,000 in 2021

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5 Aug 2024RentedNew contract
AED 240,000/yr12 months · AED 119 per sqft
1 Aug 2023RentedNew contract
AED 170,000/yr12 months · AED 84 per sqft
1 Aug 2022RentedRenewal
AED 139,000/yr12 months · AED 69 per sqft
1 Aug 2021RentedNew contract
AED 139,000/yr12 months · AED 69 per sqft
8 Jul 2021SoldReady
AED 1,905,000AED 945 per sqft
16 Oct 2014Sold by developerReady
AED 908,800AED 451 per sqft

Source: Dubai Land Department. Updated 5 August 2024.

Key facts

Type
3-bed apartment
Size
2,014 sqft
Floor
5th of 6
Parking
T4-B-05 , T4-B-06
Service charge
AED 32,700 /yr
Last sold
AED 1.91M · July 2021
Building
Al Jaz 4

About 507, Al Jaz 4

507 is a three-bedroom apartment of 2,014 sqft on the 5th floor of Al Jaz 4, a 6-storey tower in The Greens. It last sold on 8 July 2021 for AED 1,905,000, or AED 945 per sqft, 4% above the AED 906 three-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 5 August 2024, is AED 240,000 a year: a gross yield of 12.6% on the 2021 price, before the service charge of about AED 32,700 a year.

Sales and rents for 507 over time

Sales
Unit 507, 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, October 2014: AED 908,800 (AED 451 per sqft)Sold, July 2021: AED 1,905,000 (AED 945 per sqft)

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

Rents
Unit 507, each contractTypical three-bed in Al Jaz 4
100K200K2013201720212025Typical 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, August 2021: AED 139,000 a yearRenewal, August 2022: AED 139,000 a yearNew contract, August 2023: AED 170,000 a yearNew contract, August 2024: AED 240,000 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 507 sits

All 29 3-beds →

507 last sold in July 2021 at AED 945 per sqft, 4% above what three-beds in Al Jaz 4 were fetching at the time (AED 906). 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 5th floor

All 45 units in Al Jaz 4
Value
5083-bedAED 1.82M · Apr 2021

507, Al Jaz 4 in numbers

  • Sold twice: first on 16 October 2014 for AED 908,800, last on 8 July 2021 for AED 1,905,000 (AED 945 per sqft).
  • Rented since August 2021 on 4 Ejari contracts, from AED 139,000 to AED 240,000 a year.
  • At AED 240,000 a year the gross yield on the 2021 price is 12.6%, 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 August 2024.

Questions about 507, Al Jaz 4

What did unit 507 last sell for?

AED 1,905,000 on 8 July 2021: AED 945 per sqft for 2,014 sqft. The unit has 2 registered sales; the first was AED 908,800 in October 2014.

What is the rent for unit 507?

AED 240,000 a year on the contract signed on 5 August 2024. The previous contract, from August 2023, was AED 170,000; the unit has been rented since August 2021.

How big is unit 507?

2,014 sqft (187.1 sqm): a three-bedroom apartment on the 5th floor of a 6-storey tower.

What is unit 507 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 507, Al Jaz 4

Starts from the last sale price (AED 1.91M, 8 July 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,905,000
Deposit, UAE resident (20%)
AED 381,000
Deposit, non-resident (40%)
AED 762,000
Monthly over 25 years at 3.7%
AED 7,794

Plus AED 85,020 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →