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1-bed · 723 sqftAl Alka 1, The Greens · 2nd floor

206, Al Alka 1

Sold prices and rental history: sold twice, last in January 2017, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 206 · DLD and Ejari recordsUpdated 29 August 2024
Last soldAED 1.04M4 January 2017
Current rentAED 80K /yr29 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 206, Al Alka 1

What is 206 worth today?

Last sold for AED 1,040,000 in 2017

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29 Aug 2024RentedNew contract
AED 80,000/yr12 months · AED 111 per sqft
23 Aug 2023RentedNew contract
AED 75,000/yr12 months · AED 104 per sqft
10 Jul 2022RentedNew contract
AED 56,000/yr12 months · AED 78 per sqft
10 Jan 2022RentedRenewal
AED 55,000/yr12 months · AED 76 per sqft
10 Jan 2021RentedNew contract
AED 41,000/yr12 months · AED 57 per sqft
1 Jan 2020RentedNew contract
AED 60,000/yr12 months · AED 83 per sqft
4 Jan 2017SoldReady
AED 1,040,000AED 1,438 per sqft
17 Sep 2012Sold by developerReady
AED 831,450AED 1,149 per sqft

Source: Dubai Land Department. Updated 29 August 2024.

Key facts

Type
1-bed apartment
Size
723 sqft
Floor
2nd of 7
Parking
B-98
Service charge
AED 16,400 /yr
Last sold
AED 1.04M · January 2017
Building
Al Alka 1

About 206, Al Alka 1

206 is a one-bedroom apartment of 723 sqft on the 2nd floor of Al Alka 1, a 7-storey tower in The Greens. It last sold on 4 January 2017 for AED 1,040,000, or AED 1,438 per sqft, 6% above the AED 1,357 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, signed on 29 August 2024, is AED 80,000 a year: a gross yield of 7.7% on the 2017 price, before the service charge of about AED 16,400 a year.

Sales and rents for 206 over time

Sales
Unit 206, 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, September 2012: AED 831,450 (AED 1,149 per sqft)Sold, January 2017: AED 1,040,000 (AED 1,438 per sqft)

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

Rents
Unit 206, 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, January 2020: AED 60,000 a yearNew contract, January 2021: AED 41,000 a yearRenewal, January 2022: AED 55,000 a yearNew contract, July 2022: AED 56,000 a yearNew contract, August 2023: AED 75,000 a yearNew contract, August 2024: AED 80,000 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 206 sits

All 65 1-beds →

206 last sold in January 2017 at AED 1,438 per sqft, 6% above what one-beds in Al Alka 1 were fetching at the time (AED 1,357). 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. 206's AED 80,000 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
2031-bedAED 1.2M · Feb 2016
2041-bedAED 1.2M · Feb 2015
2052-bedAED 2.55M · Sep 2026
2071-bedAED 1.04M · Nov 2023
2081-bedAED 1.07M · Sep 2024
1–7 of 20

206, Al Alka 1 in numbers

  • Sold twice: first on 17 September 2012 for AED 831,450, last on 4 January 2017 for AED 1,040,000 (AED 1,438 per sqft).
  • Rented since January 2020 on 6 Ejari contracts. The rent fell from AED 60,000 to AED 41,000 in 2021 and recovered to AED 80,000 by August 2024.
  • At AED 80,000 a year the gross yield on the 2017 price is 7.7%, before a service charge of about AED 16,400 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 29 August 2024.

Questions about 206, Al Alka 1

What did unit 206 last sell for?

AED 1,040,000 on 4 January 2017: AED 1,438 per sqft for 723 sqft. The unit has 2 registered sales; the first was AED 831,450 in September 2012.

What is the rent for unit 206?

AED 80,000 a year on the contract signed on 29 August 2024. The previous contract, from August 2023, was AED 75,000; the unit has been rented since January 2020.

How big is unit 206?

723 sqft (67.2 sqm): a one-bedroom apartment on the 2nd floor of a 7-storey tower.

What is unit 206 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 206, Al Alka 1

Starts from the last sale price (AED 1.04M, 4 January 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,040,000
Deposit, UAE resident (20%)
AED 208,000
Deposit, non-resident (40%)
AED 416,000
Monthly over 25 years at 3.7%
AED 4,255

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