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2-bed · 1,408 sqftAl Nakheel 1, The Greens · 3rd floor

312, Al Nakheel 1

Sold prices and rental history: sold 4 times, last in October 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 312 · DLD and Ejari recordsUpdated 26 October 2023
Last soldAED 1.68M26 October 2023
Current rentAED 98K /yr21 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 312, Al Nakheel 1

What is 312 worth today?

Last sold for AED 1,675,000 in 2023

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26 Oct 2023SoldReady
AED 1,675,000AED 1,189 per sqft
21 Mar 2023RentedRenewal
AED 98,175/yr12 months · AED 70 per sqft
21 Mar 2021RentedNew contract
AED 85,000/yr12 months · AED 60 per sqft
26 Feb 2020RentedRenewal
AED 103,000/yr12 months · AED 73 per sqft
26 Feb 2018RentedNew contract
AED 115,000/yr12 months · AED 82 per sqft
25 Jun 2017RentedNew contract
AED 130,000/yr12 months · AED 92 per sqft
1 Feb 2016SoldReady
AED 1,825,000AED 1,296 per sqft
10 Aug 2015RentedNew contract
AED 130,000/yr12 months · AED 92 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 26 October 2023.

Key facts

Type
2-bed apartment
Size
1,408 sqft
Floor
3rd of 6
Parking
nan
Service charge
AED 24,900 /yr
Last sold
AED 1.68M · October 2023
Building
Al Nakheel 1

About 312, Al Nakheel 1

312 is a two-bedroom apartment of 1,408 sqft on the 3rd floor of Al Nakheel 1, a 6-storey tower in The Greens. It last sold on 26 October 2023 for AED 1,675,000, or AED 1,189 per sqft.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 21 March 2023, is AED 98,175 a year: a gross yield of 5.9% on the 2023 price, before the service charge of about AED 24,900 a year.

Sales and rents for 312 over time

Sales
Unit 312, each saleTypical two-bed in Al Nakheel 1
1M2M2008201320182023Typical 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, February 2009: AED 555,800 (AED 394 per sqft)Sold, June 2013: AED 1,525,000 (AED 1,082 per sqft)Sold, February 2016: AED 1,825,000 (AED 1,296 per sqft)Sold, October 2023: AED 1,675,000 (AED 1,189 per sqft)

312 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 312, 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, July 2013: AED 115,000 a yearNew contract, August 2014: AED 130,000 a yearNew contract, August 2015: AED 130,000 a yearNew contract, June 2017: AED 130,000 a yearNew contract, February 2018: AED 115,000 a yearRenewal, February 2020: AED 103,000 a yearNew contract, March 2021: AED 85,000 a yearRenewal, March 2023: AED 98,175 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 312 sits

All 14 2-beds →
Recent 2-bed salesUnit no.Price (AED)Summary
14 Dec 20232,010,000
1 Dec 20231,663,000
29 Sep 20221,025,000
17 Jan 20221,400,000
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

312, Al Nakheel 1 in numbers

  • Sold 4 times: first on 4 February 2009 for AED 555,800, last on 26 October 2023 for AED 1,675,000 (AED 1,189 per sqft).
  • Rented since July 2013 on 8 Ejari contracts. The rent fell from AED 115,000 to AED 85,000 in 2021 and recovered to AED 98,175 by March 2023.
  • At AED 98,175 a year the gross yield on the 2023 price is 5.9%, before a service charge of about AED 24,900 a year (AED 17.68 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 26 October 2023.

Questions about 312, Al Nakheel 1

What did unit 312 last sell for?

AED 1,675,000 on 26 October 2023: AED 1,189 per sqft for 1,408 sqft. The unit has 4 registered sales; the first was AED 555,800 in February 2009.

What is the rent for unit 312?

AED 98,175 a year on the contract renewed on 21 March 2023. The previous contract, from March 2021, was AED 85,000; the unit has been rented since July 2013.

How big is unit 312?

1,408 sqft (130.8 sqm): a two-bedroom apartment on the 3rd floor of a 6-storey tower.

What is unit 312 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 312, Al Nakheel 1

Starts from the last sale price (AED 1.68M, 26 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,675,000
Deposit, UAE resident (20%)
AED 335,000
Deposit, non-resident (40%)
AED 670,000
Monthly over 25 years at 3.7%
AED 6,853

Plus AED 75,360 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →