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2-bed · 1,389 sqftAl Alka 1, The Greens · 3rd floor

305, Al Alka 1

Sold prices and rental history: sold 3 times, last in August 2022, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 305 · DLD and Ejari recordsUpdated 25 May 2023
Last soldAED 1.4M11 August 2022
Current rentAED 85K /yr25 May 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 305, Al Alka 1

What is 305 worth today?

Last sold for AED 1,400,000 in 2022

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25 May 2023RentedNew contract
AED 85,000/yr12 months · AED 61 per sqft
11 Aug 2022SoldReady
AED 1,400,000AED 1,007 per sqft
25 May 2022RentedNew contract
AED 85,000/yr12 months · AED 61 per sqft
16 May 2021RentedNew contract
AED 85,000/yr12 months · AED 61 per sqft
12 Oct 2019RentedNew contract
AED 94,000/yr12 months · AED 68 per sqft
25 Apr 2019SoldReady
AED 1,300,000AED 935 per sqft
1 Feb 2019RentedNew contract
AED 120,000/yr12 months · AED 86 per sqft
1 Feb 2018RentedNew contract
AED 130,000/yr12 months · AED 94 per sqft

Source: Dubai Land Department. Updated 25 May 2023.

Key facts

Type
2-bed apartment
Size
1,389 sqft
Floor
3rd of 7
Parking
B-4
Service charge
AED 31,400 /yr
Last sold
AED 1.4M · August 2022
Building
Al Alka 1

About 305, Al Alka 1

305 is a two-bedroom apartment of 1,389 sqft on the 3rd floor of Al Alka 1, a 7-storey tower in The Greens. It last sold on 11 August 2022 for AED 1,400,000, or AED 1,007 per sqft, in line with the AED 994 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, signed on 25 May 2023, is AED 85,000 a year: a gross yield of 6.1% on the 2022 price, before the service charge of about AED 31,400 a year.

Sales and rents for 305 over time

Sales
Unit 305, each saleTypical two-bed in Al Alka 1
1M1.5M2M2012201620202024Typical 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, August 2012: AED 1,597,350 (AED 1,149 per sqft)Sold, April 2019: AED 1,300,000 (AED 935 per sqft)Sold, August 2022: AED 1,400,000 (AED 1,007 per sqft)

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

Rents
Unit 305, 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 2014: AED 200,000 a yearNew contract, February 2018: AED 130,000 a yearNew contract, February 2019: AED 120,000 a yearNew contract, October 2019: AED 94,000 a yearNew contract, May 2021: AED 85,000 a yearNew contract, May 2022: AED 85,000 a yearNew contract, May 2023: AED 85,000 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 305 sits

All 33 2-beds →

305 last sold in August 2022 at AED 1,007 per sqft, in line with what two-beds in Al Alka 1 were fetching at the time (AED 994). 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. 305's AED 85,000 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 3rd floor

All 118 units in Al Alka 1
Value
3011-bedAED 1.6M · Feb 2026
3021-bedAED 1.3M · Dec 2025
3031-bedAED 1.2M · Sep 2026
3041-bedAED 1.06M · Jun 2013
3061-bedAED 1.6M · Jun 2025
3071-bedAED 1.15M · Sep 2014
3081-bedAED 828K · Sep 2012
1–7 of 20

305, Al Alka 1 in numbers

  • Sold 3 times: first on 8 August 2012 for AED 1,597,350, last on 11 August 2022 for AED 1,400,000 (AED 1,007 per sqft).
  • Rented since November 2014 on 7 Ejari contracts, from AED 200,000 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2022 price is 6.1%, before a service charge of about AED 31,400 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 25 May 2023.

Questions about 305, Al Alka 1

What did unit 305 last sell for?

AED 1,400,000 on 11 August 2022: AED 1,007 per sqft for 1,389 sqft. The unit has 3 registered sales; the first was AED 1,597,350 in August 2012.

What is the rent for unit 305?

AED 85,000 a year on the contract signed on 25 May 2023. The previous contract, from May 2022, was AED 85,000; the unit has been rented since November 2014.

How big is unit 305?

1,389 sqft (129.0 sqm): a two-bedroom apartment on the 3rd floor of a 7-storey tower.

What is unit 305 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 305, Al Alka 1

Starts from the last sale price (AED 1.4M, 11 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,400,000
Deposit, UAE resident (20%)
AED 280,000
Deposit, non-resident (40%)
AED 560,000
Monthly over 25 years at 3.7%
AED 5,728

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