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2-bed · 1,015 sqftAl Alka 1, The Greens · 3rd floor

311, Al Alka 1

Sold prices and rental history: sold once, by the developer in September 2012, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 311 · DLD and Ejari recordsUpdated 28 May 2026
Last soldAED 1.17M23 September 2012
Current rentAED 90K /yr28 May 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 311, Al Alka 1

What is 311 worth today?

Last sold for AED 1,167,250 in 2012

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28 May 2026RentedNew contract
AED 90,000/yr12 months · AED 89 per sqft
15 Mar 2024RentedRenewal
AED 99,188/yr12 months · AED 98 per sqft
15 Mar 2023RentedRenewal
AED 86,250/yr12 months · AED 85 per sqft
15 Mar 2022RentedRenewal
AED 75,000/yr12 months · AED 74 per sqft
15 Mar 2021RentedRenewal
AED 68,000/yr12 months · AED 67 per sqft
15 Mar 2020RentedNew contract
AED 75,000/yr12 months · AED 74 per sqft
10 Dec 2018RentedNew contract
AED 85,000/yr12 months · AED 84 per sqft
1 Mar 2015RentedNew contract
AED 177,374/yr12 months · AED 175 per sqft

Source: Dubai Land Department. Updated 28 May 2026.

Key facts

Type
2-bed apartment
Size
1,015 sqft
Floor
3rd of 7
Parking
B-74
Service charge
AED 23,000 /yr
Last sold
AED 1.17M · September 2012
Building
Al Alka 1

About 311, Al Alka 1

311 is a two-bedroom apartment of 1,015 sqft on the 3rd floor of Al Alka 1, a 7-storey tower in The Greens. The developer sold it on 23 September 2012 for AED 1,167,250, or AED 1,149 per sqft, in line with the AED 1,149 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 8 Ejari contracts. The current contract, signed on 28 May 2026, is AED 90,000 a year: a gross yield of 7.7% on the 2012 price, before the service charge of about AED 23,000 a year.

Sales and rents for 311 over time

Sales
Unit 311, 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, September 2012: AED 1,167,250 (AED 1,149 per sqft)

311 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 311, 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, March 2015: AED 177,374 a yearNew contract, December 2018: AED 85,000 a yearNew contract, March 2020: AED 75,000 a yearRenewal, March 2021: AED 68,000 a yearRenewal, March 2022: AED 75,000 a yearRenewal, March 2023: AED 86,250 a yearRenewal, March 2024: AED 99,188 a yearNew contract, May 2026: AED 90,000 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 311 sits

All 33 2-beds →

311 last sold in September 2012 at AED 1,149 per sqft, in line with what two-beds in Al Alka 1 were fetching at the time (AED 1,149). 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. 311's AED 90,000 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
3052-bedAED 1.4M · Aug 2022
3061-bedAED 1.6M · Jun 2025
3071-bedAED 1.15M · Sep 2014
1–7 of 20

311, Al Alka 1 in numbers

  • Sold once: by the developer on 23 September 2012 for AED 1,167,250, or AED 1,149 per sqft.
  • Rented since March 2015 on 8 Ejari contracts. The rent fell from AED 177,374 to AED 68,000 in 2021 and recovered to AED 90,000 by May 2026.
  • At AED 90,000 a year the gross yield on the 2012 price is 7.7%, before a service charge of about AED 23,000 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 28 May 2026.

Questions about 311, Al Alka 1

What did unit 311 last sell for?

AED 1,167,250 on 23 September 2012, sold by the developer: AED 1,149 per sqft for 1,015 sqft. It is the only registered sale of the unit.

What is the rent for unit 311?

AED 90,000 a year on the contract signed on 28 May 2026. The previous contract, from March 2024, was AED 99,188; the unit has been rented since March 2015.

How big is unit 311?

1,015 sqft (94.3 sqm): a two-bedroom apartment on the 3rd floor of a 7-storey tower.

What is unit 311 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 311, Al Alka 1

Starts from the last sale price (AED 1.17M, 23 September 2012). Switch to today's estimate once you have unlocked it.
Price
AED 1,167,250
Deposit, UAE resident (20%)
AED 233,450
Deposit, non-resident (40%)
AED 466,900
Monthly over 25 years at 3.7%
AED 4,776

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