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2-bed · 1,116 sqftAl Alka 1, The Greens · 2nd floor

217, Al Alka 1

Sold prices and rental history: sold 3 times, last in April 2022, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 217 · DLD and Ejari recordsUpdated 1 November 2023
Last soldAED 1.06M22 April 2022
Current rentAED 98K /yr1 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 217, Al Alka 1

What is 217 worth today?

Last sold for AED 1,060,000 in 2022

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1 Nov 2023RentedRenewal
AED 98,400/yr12 months · AED 88 per sqft
1 Nov 2022RentedNew contract
AED 92,200/yr12 months · AED 83 per sqft
22 Apr 2022SoldReady
AED 1,060,000AED 950 per sqft
1 Nov 2021RentedNew contract
AED 85,000/yr12 months · AED 76 per sqft
3 Nov 2020RentedNew contract
AED 72,000/yr12 months · AED 65 per sqft
31 Aug 2016SoldReady
AED 700,000AED 627 per sqft
23 Dec 2012Sold by developerReady
AED 1,339,200AED 1,200 per sqft

Source: Dubai Land Department. Updated 1 November 2023.

Key facts

Type
2-bed apartment
Size
1,116 sqft
Floor
2nd of 7
Parking
B-43
Service charge
AED 25,200 /yr
Last sold
AED 1.06M · April 2022
Building
Al Alka 1

About 217, Al Alka 1

217 is a two-bedroom apartment of 1,116 sqft on the 2nd floor of Al Alka 1, a 7-storey tower in The Greens. It last sold on 22 April 2022 for AED 1,060,000, or AED 950 per sqft, in line with the AED 952 two-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 1 November 2023, is AED 98,400 a year: a gross yield of 9.3% on the 2022 price, before the service charge of about AED 25,200 a year.

Sales and rents for 217 over time

Sales
Unit 217, each saleTypical two-bed in Al Alka 1
1M2M2012201620202024Typical sale price by year: 2012 AED 1,436,350; 2013 AED 1,640,000; 2017 AED 1,500,000; 2018 AED 1,227,000; 2019 AED 1,208,000; 2021 AED 1,160,000; 2022 AED 1,190,000; 2024 AED 1,675,000; 2026 AED 2,050,000Sold by developer, December 2012: AED 1,339,200 (AED 1,200 per sqft)Sold, August 2016: AED 700,000 (AED 627 per sqft)Sold, April 2022: AED 1,060,000 (AED 950 per sqft)

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

Rents
Unit 217, each contractTypical two-bed in Al Alka 1
100K200K2013201720212025Typical rent by year: 2013 AED 157,500; 2014 AED 187,079; 2015 AED 185,657; 2016 AED 162,856; 2017 AED 141,138; 2018 AED 113,500; 2019 AED 95,000; 2020 AED 80,000; 2021 AED 80,000; 2022 AED 88,000; 2023 AED 98,700; 2024 AED 110,000; 2025 AED 125,000; 2026 AED 125,000New contract, November 2020: AED 72,000 a yearNew contract, November 2021: AED 85,000 a yearNew contract, November 2022: AED 92,200 a yearRenewal, November 2023: AED 98,400 a year

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 217 sits

All 33 2-beds →

217 last sold in April 2022 at AED 950 per sqft, in line with what two-beds in Al Alka 1 were fetching at the time (AED 952). 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. 217's AED 98,400 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
14 Sep 20262,550,000
4 Jun 20261,940,000
24 Mar 20262,050,000
3 Mar 20262,225,000
6 2-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
2061-bedAED 1.04M · Jan 2017
2071-bedAED 1.04M · Nov 2023
1–7 of 20

217, Al Alka 1 in numbers

  • Sold 3 times: first on 23 December 2012 for AED 1,339,200, last on 22 April 2022 for AED 1,060,000 (AED 950 per sqft).
  • Rented since November 2020 on 4 Ejari contracts, from AED 72,000 to AED 98,400 a year.
  • At AED 98,400 a year the gross yield on the 2022 price is 9.3%, before a service charge of about AED 25,200 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 1 November 2023.

Questions about 217, Al Alka 1

What did unit 217 last sell for?

AED 1,060,000 on 22 April 2022: AED 950 per sqft for 1,116 sqft. The unit has 3 registered sales; the first was AED 1,339,200 in December 2012.

What is the rent for unit 217?

AED 98,400 a year on the contract renewed on 1 November 2023. The previous contract, from November 2022, was AED 92,200; the unit has been rented since November 2020.

How big is unit 217?

1,116 sqft (103.7 sqm): a two-bedroom apartment on the 2nd floor of a 7-storey tower.

What is unit 217 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 217, Al Alka 1

Starts from the last sale price (AED 1.06M, 22 April 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,060,000
Deposit, UAE resident (20%)
AED 212,000
Deposit, non-resident (40%)
AED 424,000
Monthly over 25 years at 3.7%
AED 4,337

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