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1-bed · 788 sqftAl Alka 1, The Greens · 2nd floor

203, Al Alka 1

Sold prices and rental history: sold 3 times, last in February 2016, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 203 · DLD and Ejari recordsUpdated 1 November 2024
Last soldAED 1.2M8 February 2016
Current rentAED 69K /yr1 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 203, Al Alka 1

What is 203 worth today?

Last sold for AED 1,200,000 in 2016

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1 Nov 2024RentedRenewal
AED 69,089/yr1 months · AED 88 per sqft
1 Nov 2023RentedRenewal
AED 66,413/yr12 months · AED 84 per sqft
1 Nov 2022RentedRenewal
AED 63,250/yr12 months · AED 80 per sqft
1 Nov 2021RentedNew contract
AED 57,500/yr12 months · AED 73 per sqft
1 Nov 2020RentedNew contract
AED 50,000/yr12 months · AED 64 per sqft
29 Sep 2019RentedRenewal
AED 70,000/yr12 months · AED 89 per sqft
29 Sep 2018RentedNew contract
AED 75,000/yr12 months · AED 95 per sqft
8 Feb 2016SoldReady
AED 1,200,000AED 1,522 per sqft

Source: Dubai Land Department. Updated 1 November 2024.

Key facts

Type
1-bed apartment
Size
788 sqft
Floor
2nd of 7
Parking
B-86
Service charge
AED 17,800 /yr
Last sold
AED 1.2M · February 2016
Building
Al Alka 1

About 203, Al Alka 1

203 is a one-bedroom apartment of 788 sqft on the 2nd floor of Al Alka 1, a 7-storey tower in The Greens. It last sold on 8 February 2016 for AED 1,200,000, or AED 1,522 per sqft, in line with the AED 1,505 one-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 7 Ejari contracts. The current contract, renewed on 1 November 2024, is AED 69,089 a year: a gross yield of 5.8% on the 2016 price, before the service charge of about AED 17,800 a year.

Sales and rents for 203 over time

Sales
Unit 203, each saleTypical one-bed in Al Alka 1
1M2012201620202024Typical sale price by year: 2012 AED 864,000; 2013 AED 960,000; 2014 AED 1,177,500; 2015 AED 1,137,500; 2016 AED 1,000,000; 2017 AED 1,040,000; 2018 AED 675,000; 2019 AED 725,000; 2021 AED 685,000; 2022 AED 780,000; 2023 AED 910,000; 2024 AED 1,100,000; 2025 AED 1,345,000; 2026 AED 1,320,000Sold by developer, December 2012: AED 945,600 (AED 1,199 per sqft)Sold, December 2013: AED 1,120,000 (AED 1,421 per sqft)Sold, February 2016: AED 1,200,000 (AED 1,522 per sqft)

203 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 203, each contractTypical one-bed in Al Alka 1
50K100K2013201720212025Typical rent by year: 2013 AED 130,000; 2014 AED 100,000; 2015 AED 120,000; 2016 AED 105,000; 2017 AED 92,000; 2018 AED 74,500; 2019 AED 65,500; 2020 AED 50,000; 2021 AED 48,000; 2022 AED 59,600; 2023 AED 69,000; 2024 AED 73,500; 2025 AED 80,000; 2026 AED 80,000New contract, September 2018: AED 75,000 a yearRenewal, September 2019: AED 70,000 a yearNew contract, November 2020: AED 50,000 a yearNew contract, November 2021: AED 57,500 a yearRenewal, November 2022: AED 63,250 a yearRenewal, November 2023: AED 66,413 a yearRenewal, November 2024: AED 69,089 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Al Alka 1, and where 203 sits

All 65 1-beds →

203 last sold in February 2016 at AED 1,522 per sqft, in line with what one-beds in Al Alka 1 were fetching at the time (AED 1,505). Over the last 12 months one-beds sold for AED 1,175,000 to 1,700,000, around AED 1,684 per sqft, and rent for AED 68,000 to 160,000 a year. 203's AED 69,089 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
2 Oct 20261,175,000
9 Sep 20261,200,000
26 Jun 20261,250,000
26 Mar 20261,450,000
10 1-bed sales in the last 12 months

Al Alka 1

Building

118 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%
Al Alka 1, The Greens: prices, sales and rents →

Other units on the 2nd floor

All 118 units in Al Alka 1
Value
2011-bedAED 780K · Jul 2022
2021-bedAED 695K · Feb 2022
2041-bedAED 1.2M · Feb 2015
2052-bedAED 2.55M · Sep 2026
2061-bedAED 1.04M · Jan 2017
2071-bedAED 1.04M · Nov 2023
2081-bedAED 1.07M · Sep 2024
1–7 of 20

203, Al Alka 1 in numbers

  • Sold 3 times: first on 30 December 2012 for AED 945,600, last on 8 February 2016 for AED 1,200,000 (AED 1,522 per sqft).
  • Rented since September 2018 on 7 Ejari contracts. The rent fell from AED 75,000 to AED 50,000 in 2020 and recovered to AED 69,089 by November 2024.
  • At AED 69,089 a year the gross yield on the 2016 price is 5.8%, before a service charge of about AED 17,800 a year (AED 22.63 per sqft).
  • One-beds in Al Alka 1 sold for AED 1,175,000–1,700,000 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 1 November 2024.

Questions about 203, Al Alka 1

What did unit 203 last sell for?

AED 1,200,000 on 8 February 2016: AED 1,522 per sqft for 788 sqft. The unit has 3 registered sales; the first was AED 945,600 in December 2012.

What is the rent for unit 203?

AED 69,089 a year on the contract renewed on 1 November 2024. The previous contract, from November 2023, was AED 66,413; the unit has been rented since September 2018.

How big is unit 203?

788 sqft (73.2 sqm): a one-bedroom apartment on the 2nd floor of a 7-storey tower.

What is unit 203 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Al Alka 1 sold for AED 1,175,000 to 1,700,000 in the last 12 months, around AED 1,684 per sqft.

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Mortgage on 203, Al Alka 1

Starts from the last sale price (AED 1.2M, 8 February 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,200,000
Deposit, UAE resident (20%)
AED 240,000
Deposit, non-resident (40%)
AED 480,000
Monthly over 25 years at 3.7%
AED 4,910

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →