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2-bed · 1,617 sqftAl Nakheel 3, The Greens · 1st floor

101, Al Nakheel 3

Sold prices and rental history: sold once, by the developer in January 2008, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 101 · DLD and Ejari recordsUpdated 1 September 2024
Last soldAED 638K22 January 2008
Current rentAED 115K /yr1 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 101, Al Nakheel 3

What is 101 worth today?

Last sold for AED 637,800 in 2008

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1 Sep 2024RentedRenewal
AED 115,000/yr12 months · AED 71 per sqft
1 Sep 2023RentedRenewal
AED 110,000/yr12 months · AED 68 per sqft
1 Sep 2022RentedNew contract
AED 100,000/yr12 months · AED 62 per sqft
22 Jan 2008Sold by developerReady
AED 637,800AED 394 per sqft

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

Key facts

Type
2-bed apartment
Size
1,617 sqft
Floor
1st of 6
Parking
nan
Service charge
AED 28,600 /yr
Last sold
AED 638K · January 2008
Building
Al Nakheel 3

About 101, Al Nakheel 3

101 is a two-bedroom apartment of 1,617 sqft on the 1st floor of Al Nakheel 3, a 6-storey tower in The Greens. The developer sold it on 22 January 2008 for AED 637,800, or AED 394 per sqft, 16% below the AED 471 two-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 1 September 2024, is AED 115,000 a year: a gross yield of 18.0% on the 2008 price, before the service charge of about AED 28,600 a year.

Sales and rents for 101 over time

Sales
Unit 101, each saleTypical two-bed in Al Nakheel 3
500K1M1.5M20072011201520192023Typical sale price by year: 2007 AED 957,900; 2008 AED 637,800; 2010 AED 641,800; 2022 AED 1,412,500Sold by developer, January 2008: AED 637,800 (AED 394 per sqft)

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

Rents
Unit 101, each contractTypical two-bed in Al Nakheel 3
100K150K2012201620202024Typical rent by year: 2012 AED 105,000; 2013 AED 104,470; 2014 AED 145,000; 2015 AED 130,000; 2016 AED 141,000; 2017 AED 130,000; 2018 AED 112,000; 2019 AED 100,000; 2020 AED 88,000; 2021 AED 84,000; 2022 AED 96,000; 2023 AED 107,300; 2024 AED 125,000; 2025 AED 127,875New contract, September 2022: AED 100,000 a yearRenewal, September 2023: AED 110,000 a yearRenewal, September 2024: AED 115,000 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 3, and where 101 sits

All 12 2-beds →

101 last sold in January 2008 at AED 394 per sqft, 16% below what two-beds in Al Nakheel 3 were fetching at the time (AED 471).

Recent 2-bed salesUnit no.Price (AED)Summary
21 Jul 20252,487,500
4 Nov 20221,600,000
23 Jun 20221,450,000
15 Apr 2022626,000
0 2-bed sales in the last 12 months

Al Nakheel 3

Building

52 apartments, 1-bed to 3-bed over 6 floors in The Greens. No sale in the last 12 months.

Typical price per sqft
Few sales
Typical sale
Few sales
Typical rent
AED 135K /yr
Typical yield
Al Nakheel 3, The Greens: prices, sales and rents →

Other units on the 1st floor

All 52 units in Al Nakheel 3
Value
1023-bedAED 1.43M · Jul 2021
1033-bedAED 683K · Jun 2009
1042-bedAED 626K · Apr 2022
1051-bedAED 1M · May 2013
1063-bedAED 1.62M · Mar 2022
1071-bedAED 970K · Jul 2010
1081-bedAED 680K · Apr 2019
1–7 of 11

101, Al Nakheel 3 in numbers

  • Sold once: by the developer on 22 January 2008 for AED 637,800, or AED 394 per sqft.
  • Rented since September 2022 on 3 Ejari contracts, from AED 100,000 to AED 115,000 a year.
  • At AED 115,000 a year the gross yield on the 2008 price is 18.0%, before a service charge of about AED 28,600 a year (AED 17.68 per sqft).

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

Questions about 101, Al Nakheel 3

What did unit 101 last sell for?

AED 637,800 on 22 January 2008, sold by the developer: AED 394 per sqft for 1,617 sqft. It is the only registered sale of the unit.

What is the rent for unit 101?

AED 115,000 a year on the contract renewed on 1 September 2024. The previous contract, from September 2023, was AED 110,000; the unit has been rented since September 2022.

How big is unit 101?

1,617 sqft (150.2 sqm): a two-bedroom apartment on the 1st floor of a 6-storey tower.

What is unit 101 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 101, Al Nakheel 3

Starts from the last sale price (AED 638K, 22 January 2008). Switch to today's estimate once you have unlocked it.
Price
AED 637,800
Deposit, UAE resident (20%)
AED 127,560
Deposit, non-resident (40%)
AED 255,120
Monthly over 25 years at 3.7%
AED 2,609

Plus AED 31,798 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →