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3-bed · 1,653 sqftAl Nakheel 3, The Greens · 3rd floor

306, Al Nakheel 3

Sold prices and rental history: sold twice, last in March 2013, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 306 · DLD and Ejari recordsUpdated 25 September 2023
Last soldAED 1.79M13 March 2013
Current rentAED 125K /yr25 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 306, Al Nakheel 3

What is 306 worth today?

Last sold for AED 1,785,000 in 2013

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25 Sep 2023RentedRenewal
AED 125,000/yr12 months · AED 75 per sqft
25 Sep 2021RentedNew contract
AED 90,000/yr12 months · AED 54 per sqft
25 Sep 2020RentedNew contract
AED 90,000/yr12 months · AED 54 per sqft
15 Jul 2019RentedNew contract
AED 100,000/yr12 months · AED 60 per sqft
15 Oct 2018RentedRenewal
AED 165,000/yr9 months · AED 100 per sqft
15 Apr 2018RentedRenewal
AED 165,000/yr6 months · AED 100 per sqft
15 Apr 2017RentedRenewal
AED 127,500/yr12 months · AED 77 per sqft
15 Apr 2016RentedRenewal
AED 170,000/yr12 months · AED 103 per sqft

Source: Dubai Land Department. Updated 25 September 2023.

Key facts

Type
3-bed apartment
Size
1,653 sqft
Floor
3rd of 6
Parking
nan
Service charge
AED 29,200 /yr
Last sold
AED 1.79M · March 2013
Building
Al Nakheel 3

About 306, Al Nakheel 3

306 is a three-bedroom apartment of 1,653 sqft on the 3rd floor of Al Nakheel 3, a 6-storey tower in The Greens. It last sold on 13 March 2013 for AED 1,785,000, or AED 1,080 per sqft, 33% above the AED 811 three-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 10 Ejari contracts. The current contract, renewed on 25 September 2023, is AED 125,000 a year: a gross yield of 7.0% on the 2013 price, before the service charge of about AED 29,200 a year.

Sales and rents for 306 over time

Sales
Unit 306, each saleTypical three-bed in Al Nakheel 3
1M2M2007201220172022Typical sale price by year: 2007 AED 863,800; 2008 AED 1,522,500; 2009 AED 674,300; 2010 AED 962,500; 2012 AED 1,450,000; 2013 AED 1,667,500; 2014 AED 1,750,000; 2019 AED 1,710,000; 2022 AED 2,200,000; 2024 AED 2,480,000Sold by developer, February 2009: AED 645,800 (AED 390 per sqft)Sold, March 2013: AED 1,785,000 (AED 1,080 per sqft)

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

Rents
Unit 306, each contractTypical three-bed in Al Nakheel 3
100K150K2013201720212025Typical rent by year: 2013 AED 142,500; 2014 AED 156,500; 2015 AED 177,500; 2016 AED 160,000; 2017 AED 150,000; 2018 AED 149,799; 2019 AED 120,000; 2020 AED 107,500; 2021 AED 112,500; 2022 AED 124,869; 2023 AED 127,688; 2024 AED 147,500; 2025 AED 160,037New contract, August 2014: AED 170,000 a yearNew contract, August 2015: AED 170,000 a yearRenewal, April 2016: AED 170,000 a yearRenewal, April 2017: AED 127,500 a yearRenewal, April 2018: AED 165,000 a yearRenewal, October 2018: AED 165,000 a yearNew contract, July 2019: AED 100,000 a yearNew contract, September 2020: AED 90,000 a yearNew contract, September 2021: AED 90,000 a yearRenewal, September 2023: AED 125,000 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 3, and where 306 sits

All 22 3-beds →

306 last sold in March 2013 at AED 1,080 per sqft, 33% above what three-beds in Al Nakheel 3 were fetching at the time (AED 811).

Recent 3-bed salesUnit no.Price (AED)Summary
17 Dec 20242,480,000
5 Jul 20242,400,000
20 May 20243,500,000
15 Nov 20222,450,000
0 3-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 3rd floor

All 52 units in Al Nakheel 3
Value
3012-bedAED 646K · Jul 2007
3033-bedAED 348K · Jan 2008
3042-bedAED 1.45M · Jun 2022
3051-bedAED 935K · Feb 2009
3071-bedAED 880K · Sep 2021
3081-bedAED 1.17M · Jan 2015
3093-bedAED 2.45M · Nov 2022
1–7 of 10

306, Al Nakheel 3 in numbers

  • Sold twice: first on 18 February 2009 for AED 645,800, last on 13 March 2013 for AED 1,785,000 (AED 1,080 per sqft).
  • Rented since August 2014 on 10 Ejari contracts. The rent fell from AED 170,000 to AED 90,000 in 2021 and recovered to AED 125,000 by September 2023.
  • At AED 125,000 a year the gross yield on the 2013 price is 7.0%, before a service charge of about AED 29,200 a year (AED 17.68 per sqft).

Source: Dubai Land Department. Updated 25 September 2023.

Questions about 306, Al Nakheel 3

What did unit 306 last sell for?

AED 1,785,000 on 13 March 2013: AED 1,080 per sqft for 1,653 sqft. The unit has 2 registered sales; the first was AED 645,800 in February 2009.

What is the rent for unit 306?

AED 125,000 a year on the contract renewed on 25 September 2023. The previous contract, from September 2021, was AED 90,000; the unit has been rented since August 2014.

How big is unit 306?

1,653 sqft (153.6 sqm): a three-bedroom apartment on the 3rd floor of a 6-storey tower.

What is unit 306 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 306, Al Nakheel 3

Starts from the last sale price (AED 1.79M, 13 March 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,785,000
Deposit, UAE resident (20%)
AED 357,000
Deposit, non-resident (40%)
AED 714,000
Monthly over 25 years at 3.7%
AED 7,303

Plus AED 79,980 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →