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The Nook 1-1

A 2 bed in The Nook 1-1 costs a median AED 1.07M and rents long-let for AED 80,000/yr (7.5% gross).

Satellite view of The Nook 1-1, Wasl Gate, Dubai, centred on its registered pin. Apple Maps.
Satellite view of the registered pin · Apple Maps

2 bed · typical price

1.07MAED

AED 1,398/sqft · +3.8% on a year

Rent a year
AED 80,000
Gross yield
7.5%
vs Wasl Gate
1% above the median
Cost to buy, all inAED 1.14M
Price
AED 1.07M
DLD fee 4%
AED 42,880
Agent 2% + VAT
AED 22,512
Trustee
AED 4,200

Fees repaid by rent10 months

Against this building’s registered sales of the same type.

Ask about The Nook 1-1 →

Is The Nook 1-1 a good investment?Prices rising; lots of new supply is coming

  1. Does it pay a good rent?7.5% gross, before the service charge (not on file) (Dubai median 6.8%)7.5%Fair
  2. Are rents going up?New 2 bed leases: AED 77,107 a year ago, AED 80,000 now (pooled across the project)+3.8%
  3. Are prices going up?2 bed: AED 1,347/sqft a year ago, 1,398 now+3.8%Strength
  4. How fast do fees pay back?AED 69,592 in fees to buy a 2 bed; rent covers it in 0.9 years0.9 yrs
  5. Can I sell easily?35 sales in 12 months (35 the year before)35
  6. Is a lot being built nearby?2,525 apartments are planned in Wasl Gate from 2026 to 2028, equal to 6.4 times the 397 homes let there today. Wasl Gate supply by year →636%Watch
  7. Did earlier buyers gain?Up 28% for buyers 3 years ago, before fees+27.6%Context

Readings use published thresholds · 2 bed figures, the most traded type · Data to 12 Oct 2026

Check an asking price →How each reading works →

The Nook 1-1 prices and rents by unit typeA two-bed costs about AED 1.07M and rents for about AED 80,000 a year

TypeMedian priceGross yieldNew rent12-month changeSales
StudioAED 685,0001,597/sqftpooled rent, not per buildingpooled rent, not per buildingunder 5 sales in a year1
1 bedAED 805,0001,538/sqft8.1%+0.1 ptsAED 64,80759 contracts+3.1%8
2 bedAED 1.07M1,398/sqft7.5%+0.0 ptsAED 80,000114 contracts+3.8%21
3 bedAED 1.55M1,548/sqft6.5%+0.0 ptsAED 100,00033 contractsno prior year5
Appreciation, rental income and short-term detail, by unit type

Appreciation

2 bed · price per sqft · Wasl Gate · area median AED 1,385/sqft

3 years
+23.2% · +7.2%/yr
vs area median
+1.0%
Rank by price per sqft
13th of 27

Rental income

2 bed · Wasl Gate

Median new rent
AED 80,000/yr
Yield vs area median
+0.0 pts
Yield vs Dubai (6.8%)
+0.7 pts
Renewal rent
AED 74,132/yr
New tenants pay vs sitting (116 renewals)
+7.9%

Read with care

  • Rental data covers the whole The Nook project, not this tower alone.

Price history and sales

As filed with the Land Department — data to 2026-10-12.

Median price paid, 2 bed, as a rolling 3-month median. The band along the bottom is the number of records each month.

Chart data, 2 bed: Sep 2022, AED 877,777; latest, Sep 2026, AED 879,000; peak, Mar 2026, AED 1,145,000.

Did earlier buyers gain?

Median paid per sqft, all types, against today’s 1,452 · before fees

3 years ago
1,138
+28%
Previous 12 months
1,379
+5%
Last 12 months
1,452
today

The change is what a buyer at each median would be up or down at today’s median. A shift in the unit mix can move a median without any unit changing price.

35 resales in the last 12 months, against 65 a year on average over 2023–2025.

DateTypeSqftPriceAED/sqft
6 Oct 20261 bed541AED 800,0001,480
24 Sept 20262 bed782AED 879,0001,124
31 Jul 20262 bed777AED 1,025,0001,319
24 Jul 20262 bed780AED 1,125,0001,443
22 Jun 2026Studio429AED 685,0001,597
19 Jun 20262 bed780AED 1,090,0001,398
11 Jun 20262 bed762AED 1,050,0001,379
8 Jun 20262 bed727AED 1,005,0001,383
4 Jun 20261 bed523AED 800,0001,529
21 May 20262 bed777AED 1,090,7771,403

35 resales in the last 12 months.

Comparables in Wasl Gate

Every Wasl Gate building with a page, ranked by price per sqft over the same 12 months, all unit types. The Nook 1-1 places 16th of 31; the nearest 8 are shown.

RankBuildingMedian priceAED/sqftGross yield12-month changeSales
12Hammock Park22% · off-plan 1,501/sqftAED 1.14M1,491+2.7%4.3%-1.3%8
13South Garden D0% · Q2 2028 · off-plan 1,485/sqftAED 1.63M1,485+2.3%——212
14Hills View at Wasl Gate0% · Q2 2028 · off-plan 1,469/sqftAED 711,0601,461+0.6%6.0%-5.7%244
15Bellagio by Sunrise - Building 20% · Q4 2027 · off-plan 1,416/sqftAED 1.18M1,453+0.1%—+5.1%64
16The Nook 1-1 · this buildingCompleted 2022AED 1.05M1,4527.1%+5.3%35
17The Nook 2-1Completed 2022 · off-plan 932/sqftAED 985,0001,423-2.0%7.6%+7.6%22
18South Garden E0% · Q2 2028 · off-plan 1,418/sqftAED 1.52M1,418-2.3%——222
19Bellagio by Sunrise - Building 10% · Q4 2027 · off-plan 1,376/sqftAED 1.15M1,398-3.7%—+5.3%48
20Sola Residences0% · Q3 2027 · off-plan 1,326/sqftAED 1.36M1,369-5.7%6.5%+5.0%81

Rank 1 is the dearest per square foot. Differences are against The Nook 1-1 (AED 1,452/sqft); yields need a publishable price and are blank where the recorded prices are share transfers.

At 2 bed, The Nook 1-1 has registered sale prices 1% above the Wasl Gate median price per square foot of 1,385 AED, across 27 eligible buildings. It ranks 13th of 27 by price per square foot in Wasl Gate.

Market context in Wasl Gate

Registered sales activity

57 ready apartment sales in the 12 months to 2026-10-12.

+6.5% in median AED/sqft versus the preceding year, supported by 57 current and 60 prior price observations.

Explore sales activity

Planned apartment projects

0 known registered units across 0 pending projects planned within one year of the 2026-07-06 register.

0 projects had already passed their planned date; 4 have unknown timing.

Explore planned supply

Supply against leasing, and same-building moves

2,525 apartments are planned in Wasl Gate from 2026 to 2028, equal to 6.4 times the 397 homes let there today.

How these are counted
Find service-charge budget evidence for The Nook 1-1

Direct locality, all apartment bedroom types. Area context is not building performance. Planned dates are relative to the register date, not a delivery forecast; project unit counts can include mixed uses. Sales activity is not time on market or occupancy.

The The Nook towers

2 towers in The Nook, at the bedroom type above.

TowerPriceAED/sqftRent a yearGross yield
The Nook 1-1 · this buildingAED 1.07M21 sales1,398AED 80,000project pool7.5%
The Nook 2-1AED 1.07M13 sales1,385AED 80,000project pool7.4%

Ejari files The Nook’s leases under the project, not a tower, so every tower share one rent: the project figure above, counted once. Prices are each tower’s own registered sales.

Wasl Gate: every development at this type
DevelopmentRent a yearPriceAED/sqftGross yield
Bellavion by Sunrise2 towers—noneAED 1.91M29 sales1,272—
Boulevard Park 14 towers—noneAED 2.24M110 sales1,691—
Boulevard Park 24 towers—noneAED 2.19M150 sales1,687—
Hillside Residences 14 towers—noneAED 1.63M11 sales1,308—
Hillside Residences 25 towers—noneAED 1.66M8 sales1,281—
Hillside Residences 35 towers—noneAED 1.70M9 sales1,349—
The Nook · this development2 towers · rent filed for the projectAED 80,000114 contractsAED 1.07M34 sales1,3867.5%
All of Wasl Gateevery building, in a project or notAED 80,000119 contractsAED 1.78M763 sales1,4564.5%

Medians of registered sales and new Ejari leases in the 12 months to 12 Oct 2026, pooled across each development’s towers at 2 bed. A median needs 3 rows; a dash with a count means fewer.

About The Nook 1-1

The Nook 1-1 is an apartment building completed in 2022 by JAG Development in Wasl Gate. 392 sales are registered with the Dubai Land Department.

Pinned from Google's place record for the registered name.Open in Google Maps

The building, as registered

Master developer
JAG Development

Drive times · typical

Downtown
26 min · 29 km
DXB Airport
30 min · 42 km
DIFC
22 min · 32 km
Dubai Marina
14 min · 9.6 km
Palm Jumeirah
22 min · 20 km

Nearest, as registered

Metro
ENERGY Metro Station
Mall
Ibn-e-Battuta Mall
Landmark
Expo 2020 Site

The Nook 1-1: AED 1,452 per sq ft, level with the median Wasl Gate building, and a 7.1% gross yield, above the area's median building

The building's own figures against its area's registered market, last twelve months.

Price per sq ft

Median registered sale price, AED per sq ft, last 12 months

  1. The Nook 1-1AED 1,452
  2. Wasl Gate, readyAED 1,434
  3. Wasl Gate, off-planAED 1,550
  4. Dubai, readyAED 1,421
Dark: this building. Grey: the area's ready and off-plan medians, and Dubai's ready median. Source: DLD registered sales.

Gross yield against the area's buildings

Axis: gross yield, % of price

The Nook 1-1Wasl Gate median building

  1. Wasl Gate7.1% vs 6.3%
Line: the 10th to 90th percentile of 6 buildings in Wasl Gate. Gross: before service charge, vacancy and fees. Sources: DLD, Ejari.

Upcoming supply in Wasl Gate, by handover quarter

More from JAG Development

Prices per sq ft around The Nook 1-1, on the map
Pills show median sale price, AED. 3 buildings pinned from Google place records and Apple geocoding · The Nook 1-1 is the inverted pinOpen in Apple Maps

Before you decide

The facts that can change the return, each with the date it rests on.

Rent or buy

What owning a 2 bed here costs against renting it, at stated assumptions you can change.

Monthly cost of owning against renting, with your own deposit and rate

Prefilled from The Nook 1-1’s median sale price and annual rent, with the fees and growth rates listed in the breakdown as of . Change any figure.

Residency
More assumptions

The site does not hold this building’s service charge; type yours to include it. Residency sets the default down payment: typical bank floor, not a rule.

Monthly mortgage
4,767AED
4.5% over 25 years
Monthly rent
6,667AED
AED 80,000 a year
Cash needed at purchase
297,712AED
20% down plus AED 83,312 in fees

Owning costs AED 305,429 less than renting over 5 years, once the sale is counted.

Buying overtakes renting in year 2.

Cumulative cost by year: renting (solid) against owning net of a sale that year (dashed), at the assumptions above.

Ask about The Nook 1-1

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Common questions

What is the rental yield in The Nook 1-1?
The Nook 1-1 returns 7.5% gross: a median new-contract rent of AED 80,000 a year (114 Ejari contracts in 12 months) over a price benchmark of AED 1.07M (median of 21 sales in the last 12 months, latest Sept 2026), before service charge, agency fees or vacant months.
How much does a 2 bedroom in The Nook 1-1 cost?
The median registered sale price is AED 1.07M (1,398 AED/sqft), from 21 Dubai Land Department sales in the last 12 months. This is a price paid, not an asking price.
What are apartments in The Nook 1-1 selling for right now?
Registered sales of ready units in The Nook 1-1 over the last 12 months have a median of 1,398 AED/sqft, across 21 sales. That uses the same trailing year as the rent and yield figures, requires at least five sales, and excludes off-plan. Floor, view and condition move a specific unit's price around it.
Have prices in The Nook 1-1 risen or fallen?
Median price per square foot moved +3.8% over the last 12 months against the 12 before it, on 21 sales with a price per square foot. On a sample this size, read the direction rather than the exact figure.
What is the registered annual rent for a 2 bedroom in The Nook 1-1?
The median new annual rent is AED 80,000, from 114 Ejari contracts in the trailing 12 months to 2026-10-12. These contracts cover the project, not this tower alone. Compare the same bedroom type; floor, view and condition can change an individual rent.

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The Nook 1-1 sale record

Record type
Building-level property market record
Data date
· refreshed
Evidence base
21 registered sales in the last 12 months for the default unit type
Sources
Dubai Land Department sale transactions and Ejari rental contracts; public Airbnb search results for forward short-term rates
Canonical record
/sale/apartments/dubai/wasl-gate/the-nook-1-1
Method
Definitions and calculations

Cite as: Dubai Wealth Index. “The Nook 1-1 sale prices and yield.” Wasl Gate, Dubai. Data to 2026-10-12. https://dubaiwealthindex.com/sale/apartments/dubai/wasl-gate/the-nook-1-1

Stable dataJSON