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Studio · 438 sqftAl Alka 1, The Greens · 2nd floor

212B, Al Alka 1

Sold prices and rental history: sold twice, last in December 2012, and rented since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 212B · DLD and Ejari recordsUpdated 5 September 2016
Last soldAED 640K23 December 2012
Current rentAED 65K /yr5 September 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 212B, Al Alka 1

What is 212B worth today?

Last sold for AED 640,000 in 2012

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5 Sep 2016RentedNew contract
AED 65,000/yr12 months · AED 147 per sqft
23 May 2016RentedRenewal
AED 22,668/yr18 months · AED 51 per sqft
23 May 2015RentedNew contract
AED 65,000/yr12 months · AED 147 per sqft
23 Dec 2012SoldReady
AED 640,000AED 1,462 per sqft
24 Sep 2012Sold by developerReady
AED 503,700AED 1,151 per sqft

Source: Dubai Land Department. Updated 5 September 2016.

Key facts

Type
Studio apartment
Size
438 sqft
Floor
2nd of 7
Parking
B-241
Service charge
AED 9,900 /yr
Last sold
AED 640K · December 2012
Building
Al Alka 1

About 212B, Al Alka 1

212B is a studio of 438 sqft on the 2nd floor of Al Alka 1, a 7-storey tower in The Greens. It last sold on 23 December 2012 for AED 640,000, or AED 1,462 per sqft, 27% above the AED 1,151 studios in the building were fetching at the time.

It has been rented since 2015 on 3 Ejari contracts. The current contract, signed on 5 September 2016, is AED 65,000 a year: a gross yield of 10.2% on the 2012 price, before the service charge of about AED 9,900 a year.

Sales and rents for 212B over time

Sales
Unit 212B, each saleTypical studio in Al Alka 1
600K800K201220142016Typical sale price by year: 2012 AED 523,520; 2013 AED 655,000; 2015 AED 780,000; 2016 AED 725,000Sold by developer, September 2012: AED 503,700 (AED 1,151 per sqft)Sold, December 2012: AED 640,000 (AED 1,462 per sqft)

212B has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 212B, each contractTypical studio in Al Alka 1
25K50K75K20152018202120242027Typical rent by year: 2015 AED 74,000; 2016 AED 70,000; 2017 AED 60,000; 2018 AED 51,000; 2019 AED 45,000; 2020 AED 36,000; 2021 AED 36,000; 2022 AED 44,000; 2023 AED 55,000; 2024 AED 60,000; 2025 AED 62,326; 2026 AED 57,375New contract, May 2015: AED 65,000 a yearRenewal, May 2016: AED 22,668 a yearNew contract, September 2016: AED 65,000 a year

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

Studios in Al Alka 1, and where 212B sits

All 20 studios →

212B last sold in December 2012 at AED 1,462 per sqft, 27% above what studios in Al Alka 1 were fetching at the time (AED 1,151). Over the last 12 months studios sold for AED 825,000 to 885,000, around AED 1,919 per sqft, and rent for AED 45,000 to 80,000 a year. 212B's AED 65,000 is in the upper half of that range.

Recent studio salesUnit no.Price (AED)Summary
31 Jul 2026825,000
12 Feb 2026885,000
30 Apr 2025865,000
15 Jan 2024510,000
2 studio 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
2061-bedAED 1.04M · Jan 2017
2071-bedAED 1.04M · Nov 2023
1–7 of 20

212B, Al Alka 1 in numbers

  • Sold twice: first on 24 September 2012 for AED 503,700, last on 23 December 2012 for AED 640,000 (AED 1,462 per sqft).
  • Rented since May 2015 on 3 Ejari contracts. The rent fell from AED 65,000 to AED 22,668 in 2016 and recovered to AED 65,000 by September 2016.
  • At AED 65,000 a year the gross yield on the 2012 price is 10.2%, before a service charge of about AED 9,900 a year (AED 22.63 per sqft).
  • Studios in Al Alka 1 sold for AED 825,000–885,000 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 5 September 2016.

Questions about 212B, Al Alka 1

What did unit 212B last sell for?

AED 640,000 on 23 December 2012: AED 1,462 per sqft for 438 sqft. The unit has 2 registered sales; the first was AED 503,700 in September 2012.

What is the rent for unit 212B?

AED 65,000 a year on the contract signed on 5 September 2016. The previous contract, from May 2016, was AED 22,668; the unit has been rented since May 2015.

How big is unit 212B?

438 sqft (40.7 sqm): a studio on the 2nd floor of a 7-storey tower.

What is unit 212B worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Al Alka 1 sold for AED 825,000 to 885,000 in the last 12 months, around AED 1,919 per sqft.

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Mortgage on 212B, Al Alka 1

Starts from the last sale price (AED 640K, 23 December 2012). Switch to today's estimate once you have unlocked it.
Price
AED 640,000
Deposit, UAE resident (20%)
AED 128,000
Deposit, non-resident (40%)
AED 256,000
Monthly over 25 years at 3.7%
AED 2,618

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