118, Al Alka 1
Sold prices and rental history: sold 3 times, last in March 2025, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 118, Al Alka 1
What is 118 worth today?
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Source: Dubai Land Department. Updated 14 March 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,249 sqft
- Floor
- 1st of 7
- Parking
- B-8
- Service charge
- AED 28,300 /yr
- Last sold
- AED 2M · March 2025
- Building
- Al Alka 1
About 118, Al Alka 1
118 is a two-bedroom apartment of 1,249 sqft on the 1st floor of Al Alka 1, a 7-storey tower in The Greens. It last sold on 14 March 2025 for AED 2,000,000, or AED 1,601 per sqft, 19% above the AED 1,340 two-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 8 Ejari contracts. The current contract, renewed on 11 December 2024, is AED 165,600 a year: a gross yield of 8.3% on the 2025 price, before the service charge of about AED 28,300 a year.
Sales and rents for 118 over time
118 has sold 3 times; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Al Alka 1, and where 118 sits
All 33 2-beds →118 last sold in March 2025 at AED 1,601 per sqft, 19% above what two-beds in Al Alka 1 were fetching at the time (AED 1,340). Over the last 12 months two-beds sold for AED 1,830,000 to 2,550,000, around AED 1,692 per sqft, and rent for AED 70,000 to 165,000 a year. 118's AED 165,600 is at the top of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 14 Sep 202614 September 2026 | 1,389 sqft | 2,550,000 | 1,835 | ||
| 4 Jun 20264 June 2026 | 1,249 sqft | 1,940,000 | 1,553 | ||
| 24 Mar 202624 March 2026 | 1,015 sqft | 2,050,000 | 2,019 | ||
| 3 Mar 20263 March 2026 | 1,276 sqft | 2,225,000 | 1,743 |
Al Alka 1
Building118 apartments, studios to 2-bed over 7 floors in The Greens. 18 sold in the last 12 months.
- Typical price per sqft
- AED 1,732 Up 2.7%
- Typical sale
- AED 1.43M
- Typical rent
- AED 82K /yr
- Typical yield
- 6.6%
Other units on the 1st floor
All 118 units in Al Alka 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 101 | 1-bed | 791 sqft | AED 1.2MAED 1,200,000 · Oct 2013October 2013 | 78,190 /yr | |
| 102 | 1-bed | 789 sqft | AED 907KAED 907,350 · Sep 2012September 2012 | 90,000 /yr | |
| 103 | 1-bed | 788 sqft | AED 1.12MAED 1,120,000 · Apr 2024April 2024 | 70,000 /yr | |
| 104 | 1-bed | 788 sqft | AED 1MAED 1,000,000 · Jan 2024January 2024 | 65,000 /yr | |
| 105 | 2-bed | 1,389 sqft | AED 1.02MAED 1,020,000 · Nov 2020November 2020 | 140,000 /yr | |
| 106 | 1-bed | 723 sqft | AED 831KAED 831,450 · Sep 2012September 2012 | 120,000 /yr | |
| 107 | 1-bed | 720 sqft | AED 1.52MAED 1,520,000 · May 2025May 2025 | 120,000 /yr | |
| 108 | 1-bed | 720 sqft | AED 980KAED 980,000 · Nov 2015November 2015 | 95,000 /yr | |
| 109 | 1-bed | 721 sqft | AED 865KAED 865,200 · Nov 2012November 2012 | 80,000 /yr | |
| 110 | 1-bed | 720 sqft | AED 1.17MAED 1,165,000 · Nov 2024November 2024 | 52,000 /yr | |
| 111 | 2-bed | 1,015 sqft | AED 1.38MAED 1,380,000 · Feb 2024February 2024 | 160,000 /yr | |
| 114 | 1-bed | 726 sqft | AED 950KAED 950,000 · Jul 2017July 2017 | 70,000 /yr | |
| 115 | 1-bed | 724 sqft | AED 950KAED 950,000 · Jul 2017July 2017 | 69,000 /yr | |
| 116 | 1-bed | 729 sqft | AED 1.45MAED 1,450,000 · Mar 2026March 2026 | 85,000 /yr | |
| 117 | 2-bed | 1,439 sqft | AED 1.23MAED 1,227,000 · Aug 2018August 2018 | 119,337 /yr | |
| 119 | 2-bed | 1,278 sqft | AED 1.27MAED 1,270,000 · Jan 2022January 2022 | 67,000 /yr | |
| 112A | Studio | 444 sqft | AED 885KAED 885,000 · Feb 2026February 2026 | 80,000 /yr | |
| 112B | Studio | 438 sqft | AED 660KAED 660,000 · Mar 2013March 2013 | 45,000 /yr | |
| 113A | Studio | 438 sqft | AED 565KAED 565,000 · Aug 2012August 2012 | 70,000 /yr | |
| 113B | Studio | 448 sqft | AED 825KAED 825,000 · Jul 2026July 2026 | 64,000 /yr |
118, Al Alka 1 in numbers
- Sold 3 times: first on 22 November 2012 for AED 1,435,350, last on 14 March 2025 for AED 2,000,000 (AED 1,601 per sqft).
- Rented since April 2018 on 8 Ejari contracts. The rent fell from AED 105,000 to AED 80,000 in 2020 and recovered to AED 165,600 by December 2024.
- At AED 165,600 a year the gross yield on the 2025 price is 8.3%, before a service charge of about AED 28,300 a year (AED 22.63 per sqft).
- Two-beds in Al Alka 1 sold for AED 1,830,000–2,550,000 in the 12 months to November 2026; the building's median across all types is AED 1,732 per sqft.
Source: Dubai Land Department. Updated 14 March 2025.
Questions about 118, Al Alka 1
What did unit 118 last sell for?
AED 2,000,000 on 14 March 2025: AED 1,601 per sqft for 1,249 sqft. The unit has 3 registered sales; the first was AED 1,435,350 in November 2012.
What is the rent for unit 118?
AED 165,600 a year on the contract renewed on 11 December 2024. The previous contract, from March 2024, was AED 115,000; the unit has been rented since April 2018.
How big is unit 118?
1,249 sqft (116.0 sqm): a two-bedroom apartment on the 1st floor of a 7-storey tower.
What is unit 118 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Al Alka 1 sold for AED 1,830,000 to 2,550,000 in the last 12 months, around AED 1,692 per sqft.
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Mortgage on 118, Al Alka 1
Starts from the last sale price (AED 2M, 14 March 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 2,000,000
- Deposit, UAE resident (20%)
- AED 400,000
- Deposit, non-resident (40%)
- AED 800,000
- Monthly over 25 years at 3.7%
- AED 8,183
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →