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3-bed · 2,079 sqftAl Nakheel 2, The Greens · 5th floor

510, Al Nakheel 2

Sold prices and rental history: sold once, by the developer in September 2011, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 510 · DLD and Ejari recordsUpdated 1 August 2024
Last soldAED 1.8M13 September 2011
Current rentAED 170K /yr1 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 510, Al Nakheel 2

What is 510 worth today?

Last sold for AED 1,800,000 in 2011

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1 Aug 2024RentedRenewal
AED 170,000/yr12 months · AED 82 per sqft
1 Aug 2023RentedRenewal
AED 157,500/yr12 months · AED 76 per sqft
1 Aug 2022RentedNew contract
AED 150,000/yr12 months · AED 72 per sqft
15 Oct 2021RentedNew contract
AED 125,000/yr12 months · AED 60 per sqft
15 Oct 2020RentedRenewal
AED 140,000/yr12 months · AED 67 per sqft
15 Oct 2019RentedRenewal
AED 150,000/yr12 months · AED 72 per sqft
15 Oct 2018RentedRenewal
AED 158,000/yr12 months · AED 76 per sqft
15 Oct 2017RentedRenewal
AED 170,000/yr12 months · AED 82 per sqft

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

Key facts

Type
3-bed apartment
Size
2,079 sqft
Floor
5th of 6
Parking
2
Service charge
AED 36,700 /yr
Last sold
AED 1.8M · September 2011
Building
Al Nakheel 2

About 510, Al Nakheel 2

510 is a three-bedroom apartment of 2,079 sqft on the 5th floor of Al Nakheel 2, a 6-storey tower in The Greens. The developer sold it on 13 September 2011 for AED 1,800,000, or AED 866 per sqft, 5% above the AED 821 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, renewed on 1 August 2024, is AED 170,000 a year: a gross yield of 9.4% on the 2011 price, before the service charge of about AED 36,700 a year.

Sales and rents for 510 over time

Sales
Unit 510, each saleTypical three-bed in Al Nakheel 2
1M2M2007201120152019Typical sale price by year: 2007 AED 933,800; 2008 AED 816,900; 2009 AED 883,800; 2010 AED 671,300; 2011 AED 1,225,000; 2014 AED 2,165,000; 2020 AED 1,550,000Sold by developer, September 2011: AED 1,800,000 (AED 866 per sqft)

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

Rents
Unit 510, each contractTypical three-bed in Al Nakheel 2
100K150K2012201620202024Typical rent by year: 2012 AED 114,000; 2013 AED 157,500; 2014 AED 170,000; 2015 AED 160,000; 2016 AED 168,000; 2017 AED 160,000; 2018 AED 135,000; 2019 AED 135,000; 2020 AED 102,500; 2021 AED 120,000; 2022 AED 132,500; 2023 AED 155,000; 2024 AED 181,000; 2025 AED 181,000New contract, March 2013: AED 147,000 a yearNew contract, October 2014: AED 180,000 a yearRenewal, October 2016: AED 180,000 a yearRenewal, October 2017: AED 170,000 a yearRenewal, October 2018: AED 158,000 a yearRenewal, October 2019: AED 150,000 a yearRenewal, October 2020: AED 140,000 a yearNew contract, October 2021: AED 125,000 a yearNew contract, August 2022: AED 150,000 a yearRenewal, August 2023: AED 157,500 a yearRenewal, August 2024: AED 170,000 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 Nakheel 2, and where 510 sits

All 21 3-beds →

510 last sold in September 2011 at AED 866 per sqft, 5% above what three-beds in Al Nakheel 2 were fetching at the time (AED 821). Over the last 12 months three-beds sold for AED 2,460,482, around AED 1,488 per sqft, and rent for AED 150,000 to 200,000 a year. 510's AED 170,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
3 Feb 20262,460,482
15 Jul 20242,350,000
15 Dec 20201,450,000
24 Nov 20201,550,000
1 3-bed sale in the last 12 months

Al Nakheel 2

Building

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

Typical price per sqft
AED 1,488
Typical sale
AED 2.46M
Typical rent
AED 178K /yr
Typical yield
7.3%
Al Nakheel 2, The Greens: prices, sales and rents →

Other units on the 5th floor

All 53 units in Al Nakheel 2
Value
5093-bedAED 1.45M · Dec 2020

510, Al Nakheel 2 in numbers

  • Sold once: by the developer on 13 September 2011 for AED 1,800,000, or AED 866 per sqft.
  • Rented since March 2013 on 11 Ejari contracts. The rent fell from AED 147,000 to AED 125,000 in 2021 and recovered to AED 170,000 by August 2024.
  • At AED 170,000 a year the gross yield on the 2011 price is 9.4%, before a service charge of about AED 36,700 a year (AED 17.68 per sqft).
  • Three-beds in Al Nakheel 2 sold for AED 2,460,482–2,460,482 in the 12 months to November 2026; the building's median across all types is AED 1,488 per sqft.

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

Questions about 510, Al Nakheel 2

What did unit 510 last sell for?

AED 1,800,000 on 13 September 2011, sold by the developer: AED 866 per sqft for 2,079 sqft. It is the only registered sale of the unit.

What is the rent for unit 510?

AED 170,000 a year on the contract renewed on 1 August 2024. The previous contract, from August 2023, was AED 157,500; the unit has been rented since March 2013.

How big is unit 510?

2,079 sqft (193.1 sqm): a three-bedroom apartment on the 5th floor of a 6-storey tower.

What is unit 510 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Al Nakheel 2 sold for AED 2,460,482 to 2,460,482 in the last 12 months, around AED 1,488 per sqft.

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Mortgage on 510, Al Nakheel 2

Starts from the last sale price (AED 1.8M, 13 September 2011). Switch to today's estimate once you have unlocked it.
Price
AED 1,800,000
Deposit, UAE resident (20%)
AED 360,000
Deposit, non-resident (40%)
AED 720,000
Monthly over 25 years at 3.7%
AED 7,364

Plus AED 80,610 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →