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

509, Al Nakheel 3

Sold prices and rental history: sold twice, last in October 2018, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 509 · DLD and Ejari recordsUpdated 1 February 2023
Last soldAED 1.95M4 October 2018
Current rentAED 160K /yr1 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 509, Al Nakheel 3

What is 509 worth today?

Last sold for AED 1,950,000 in 2018

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1 Feb 2023RentedRenewal
AED 160,000/yr12 months · AED 77 per sqft
1 Feb 2022RentedNew contract
AED 160,000/yr12 months · AED 77 per sqft
4 Oct 2018SoldReady
AED 1,950,000AED 938 per sqft
18 Jul 2017RentedRenewal
AED 175,000/yr12 months · AED 84 per sqft
18 Jul 2016RentedRenewal
AED 180,000/yr12 months · AED 87 per sqft
18 Jul 2014RentedNew contract
AED 180,000/yr12 months · AED 87 per sqft
14 Apr 2013RentedNew contract
AED 131,250/yr12 months · AED 63 per sqft
11 Dec 2007Sold by developerReady
AED 962,000AED 462 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 February 2023.

Key facts

Type
3-bed apartment
Size
2,079 sqft
Floor
5th of 6
Parking
B5,B6
Service charge
AED 36,700 /yr
Last sold
AED 1.95M · October 2018
Building
Al Nakheel 3

About 509, Al Nakheel 3

509 is a three-bedroom apartment of 2,079 sqft on the 5th floor of Al Nakheel 3, a 6-storey tower in The Greens. It last sold on 4 October 2018 for AED 1,950,000, or AED 938 per sqft, in line with the AED 914 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, renewed on 1 February 2023, is AED 160,000 a year: a gross yield of 8.2% on the 2018 price, before the service charge of about AED 36,700 a year.

Sales and rents for 509 over time

Sales
Unit 509, 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, December 2007: AED 962,000 (AED 462 per sqft)Sold, October 2018: AED 1,950,000 (AED 938 per sqft)

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

Rents
Unit 509, 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, April 2013: AED 131,250 a yearNew contract, July 2014: AED 180,000 a yearRenewal, July 2016: AED 180,000 a yearRenewal, July 2017: AED 175,000 a yearNew contract, February 2022: AED 160,000 a yearRenewal, February 2023: AED 160,000 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 509 sits

All 22 3-beds →

509 last sold in October 2018 at AED 938 per sqft, in line with what three-beds in Al Nakheel 3 were fetching at the time (AED 914).

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 5th floor

All 52 units in Al Nakheel 3
Value
5103-bedAED 1.9M · Oct 2017

509, Al Nakheel 3 in numbers

  • Sold twice: first on 11 December 2007 for AED 962,000, last on 4 October 2018 for AED 1,950,000 (AED 938 per sqft).
  • Rented since April 2013 on 6 Ejari contracts, from AED 131,250 to AED 160,000 a year.
  • At AED 160,000 a year the gross yield on the 2018 price is 8.2%, before a service charge of about AED 36,700 a year (AED 17.68 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 1 February 2023.

Questions about 509, Al Nakheel 3

What did unit 509 last sell for?

AED 1,950,000 on 4 October 2018: AED 938 per sqft for 2,079 sqft. The unit has 2 registered sales; the first was AED 962,000 in December 2007.

What is the rent for unit 509?

AED 160,000 a year on the contract renewed on 1 February 2023. The previous contract, from February 2022, was AED 160,000; the unit has been rented since April 2013.

How big is unit 509?

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

What is unit 509 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 509, Al Nakheel 3

Starts from the last sale price (AED 1.95M, 4 October 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,950,000
Deposit, UAE resident (20%)
AED 390,000
Deposit, non-resident (40%)
AED 780,000
Monthly over 25 years at 3.7%
AED 7,978

Plus AED 86,910 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →