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

311, Al Nakheel 3

Sold prices and rental history: sold 3 times, last in November 2022, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 311 · DLD and Ejari recordsUpdated 4 November 2022
Last soldAED 1.6M4 November 2022
Current rentAED 88K /yr20 February 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 311, Al Nakheel 3

What is 311 worth today?

Last sold for AED 1,600,000 in 2022

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4 Nov 2022SoldReady
AED 1,600,000AED 986 per sqft
20 Feb 2022RentedRenewal
AED 88,000/yr12 months · AED 54 per sqft
20 Feb 2021RentedRenewal
AED 82,000/yr12 months · AED 50 per sqft
20 Feb 2020RentedNew contract
AED 95,000/yr12 months · AED 58 per sqft
20 Dec 2018RentedNew contract
AED 110,000/yr12 months · AED 68 per sqft
13 Dec 2017RentedRenewal
AED 130,000/yr12 months · AED 80 per sqft
13 Dec 2016RentedNew contract
AED 130,000/yr12 months · AED 80 per sqft
14 Jun 2016SoldReady
AED 1,725,000AED 1,063 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 4 November 2022.

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 1.6M · November 2022
Building
Al Nakheel 3

About 311, Al Nakheel 3

311 is a two-bedroom apartment of 1,622 sqft on the 3rd floor of Al Nakheel 3, a 6-storey tower in The Greens. It last sold on 4 November 2022 for AED 1,600,000, or AED 986 per sqft, in line with the AED 966 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 9 Ejari contracts. The current contract, renewed on 20 February 2022, is AED 88,000 a year: a gross yield of 5.5% on the 2022 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 3
500K1M1.5M2007201220172022Typical sale price by year: 2007 AED 957,900; 2008 AED 637,800; 2010 AED 641,800; 2022 AED 1,412,500Sold, June 2016: AED 1,725,000 (AED 1,063 per sqft)Sold, November 2022: AED 1,600,000 (AED 986 per sqft)

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

Rents
Unit 311, 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, December 2012: AED 96,000 a yearNew contract, December 2013: AED 100,800 a yearRenewal, December 2015: AED 115,000 a yearNew contract, December 2016: AED 130,000 a yearRenewal, December 2017: AED 130,000 a yearNew contract, December 2018: AED 110,000 a yearNew contract, February 2020: AED 95,000 a yearRenewal, February 2021: AED 82,000 a yearRenewal, February 2022: AED 88,000 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 311 sits

All 12 2-beds →

311 last sold in November 2022 at AED 986 per sqft, in line with what two-beds in Al Nakheel 3 were fetching at the time (AED 966).

Recent 2-bed salesUnit no.Price (AED)Summary
21 Jul 20252,487,500
23 Jun 20221,450,000
15 Apr 2022626,000
4 Apr 20221,375,000
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 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
3063-bedAED 1.79M · Mar 2013
3071-bedAED 880K · Sep 2021
3081-bedAED 1.17M · Jan 2015
1–7 of 10

311, Al Nakheel 3 in numbers

  • Sold 3 times: first on 5 November 2008 for AED 322,900, last on 4 November 2022 for AED 1,600,000 (AED 986 per sqft).
  • Rented since December 2012 on 9 Ejari contracts, from AED 96,000 to AED 88,000 a year.
  • At AED 88,000 a year the gross yield on the 2022 price is 5.5%, 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 4 November 2022.

Questions about 311, Al Nakheel 3

What did unit 311 last sell for?

AED 1,600,000 on 4 November 2022: AED 986 per sqft for 1,622 sqft. The unit has 3 registered sales; the first was AED 322,900 in November 2008.

What is the rent for unit 311?

AED 88,000 a year on the contract renewed on 20 February 2022. The previous contract, from February 2021, was AED 82,000; the unit has been rented since December 2012.

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 3

Starts from the last sale price (AED 1.6M, 4 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,600,000
Deposit, UAE resident (20%)
AED 320,000
Deposit, non-resident (40%)
AED 640,000
Monthly over 25 years at 3.7%
AED 6,546

Plus AED 72,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →