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2-bed · 1,622 sqftAl Nakheel 1, The Greens · 3rd floor

311, Al Nakheel 1

Sold prices and rental history: sold once, by the developer in January 2008, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 311 · DLD and Ejari recordsUpdated 1 June 2024
Last soldAED 646K22 January 2008
Current rentAED 116K /yr1 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 311, Al Nakheel 1

What is 311 worth today?

Last sold for AED 645,800 in 2008

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1 Jun 2024RentedNew contract
AED 115,500/yr12 months · AED 71 per sqft
1 Jun 2023RentedRenewal
AED 105,000/yr12 months · AED 65 per sqft
1 Jun 2020RentedRenewal
AED 100,000/yr12 months · AED 62 per sqft
7 Feb 2017RentedRenewal
AED 140,000/yr12 months · AED 86 per sqft
7 Feb 2016RentedNew contract
AED 140,000/yr12 months · AED 86 per sqft
7 Feb 2015RentedNew contract
AED 140,000/yr12 months · AED 86 per sqft
22 Jan 2008Sold by developerReady
AED 645,800AED 398 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 June 2024.

Key facts

Type
2-bed apartment
Size
1,622 sqft
Floor
3rd of 6
Parking
nan
Service charge
AED 28,700 /yr
Last sold
AED 646K · January 2008
Building
Al Nakheel 1

About 311, Al Nakheel 1

311 is a two-bedroom apartment of 1,622 sqft on the 3rd floor of Al Nakheel 1, a 6-storey tower in The Greens. The developer sold it on 22 January 2008 for AED 645,800, or AED 398 per sqft.

It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, signed on 1 June 2024, is AED 115,500 a year: a gross yield of 17.9% on the 2008 price, before the service charge of about AED 28,700 a year.

Sales and rents for 311 over time

Sales
Unit 311, each saleTypical two-bed in Al Nakheel 1
500K1M1.5M20082012201620202024Typical sale price by year: 2008 AED 637,800; 2009 AED 650,000; 2010 AED 900,000; 2011 AED 1,350,000; 2023 AED 1,675,000Sold by developer, January 2008: AED 645,800 (AED 398 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 Nakheel 1
100K150K2013201720212025Typical rent by year: 2013 AED 110,000; 2014 AED 145,000; 2015 AED 130,000; 2016 AED 135,000; 2017 AED 125,000; 2018 AED 106,000; 2019 AED 105,000; 2021 AED 87,500; 2022 AED 100,000; 2023 AED 105,000; 2024 AED 113,500; 2025 AED 130,000New contract, February 2015: AED 140,000 a yearNew contract, February 2016: AED 140,000 a yearRenewal, February 2017: AED 140,000 a yearRenewal, June 2020: AED 100,000 a yearRenewal, June 2023: AED 105,000 a yearNew contract, June 2024: AED 115,500 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 Nakheel 1, and where 311 sits

All 14 2-beds →
Recent 2-bed salesUnit no.Price (AED)Summary
14 Dec 20232,010,000
1 Dec 20231,663,000
26 Oct 20231,675,000
29 Sep 20221,025,000
0 2-bed sales in the last 12 months

Al Nakheel 1

Building

53 apartments, 1-bed to 3-bed over 6 floors in The Greens. 2 sold in the last 12 months.

Typical price per sqft
AED 1,858
Typical sale
AED 3.45M
Typical rent
AED 149K /yr
Typical yield
4.8%
Al Nakheel 1, The Greens: prices, sales and rents →

Other units on the 3rd floor

All 53 units in Al Nakheel 1
Value
3012-bedAED 1.58M · Jun 2010
3023-bedAED 1.8M · Jan 2017
3033-bedAED 697K · Jan 2008
3042-bedAED 1M · Oct 2017
3051-bedAED 1.3M · May 2024
3063-bedAED 646K · Jun 2010
3071-bedAED 1.1M · Oct 2023
1–7 of 11

311, Al Nakheel 1 in numbers

  • Sold once: by the developer on 22 January 2008 for AED 645,800, or AED 398 per sqft.
  • Rented since February 2015 on 6 Ejari contracts. The rent fell from AED 140,000 to AED 100,000 in 2020 and recovered to AED 115,500 by June 2024.
  • At AED 115,500 a year the gross yield on the 2008 price is 17.9%, before a service charge of about AED 28,700 a year (AED 17.68 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 1 June 2024.

Questions about 311, Al Nakheel 1

What did unit 311 last sell for?

AED 645,800 on 22 January 2008, sold by the developer: AED 398 per sqft for 1,622 sqft. It is the only registered sale of the unit.

What is the rent for unit 311?

AED 115,500 a year on the contract signed on 1 June 2024. The previous contract, from June 2023, was AED 105,000; the unit has been rented since February 2015.

How big is unit 311?

1,622 sqft (150.7 sqm): a two-bedroom apartment on the 3rd floor of a 6-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 Nakheel 1

Starts from the last sale price (AED 646K, 22 January 2008). Switch to today's estimate once you have unlocked it.
Price
AED 645,800
Deposit, UAE resident (20%)
AED 129,160
Deposit, non-resident (40%)
AED 258,320
Monthly over 25 years at 3.7%
AED 2,642

Plus AED 32,134 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →