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1-bed · 720 sqftAl Alka 1, The Greens · 4th floor

407, Al Alka 1

Sold prices and rental history: sold 3 times, last in September 2023, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 407 · DLD and Ejari recordsUpdated 27 June 2026
Last soldAED 970K21 September 2023
Current rentAED 82K /yr27 June 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 407, Al Alka 1

What is 407 worth today?

Last sold for AED 970,000 in 2023

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27 Jun 2026RentedRenewal
AED 82,000/yr12 months · AED 115 per sqft
27 Jun 2025RentedRenewal
AED 82,000/yr12 months · AED 115 per sqft
27 Jun 2024RentedNew contract
AED 82,000/yr12 months · AED 115 per sqft
21 Sep 2023SoldReady
AED 970,000AED 1,346 per sqft
1 Jan 2023RentedRenewal
AED 70,000/yr12 months · AED 97 per sqft
1 Jan 2022RentedNew contract
AED 70,000/yr12 months · AED 97 per sqft
3 Jun 2018SoldReady
AED 435,000AED 603 per sqft
18 Oct 2012Sold by developerReady
AED 828,000AED 1,149 per sqft

Source: Dubai Land Department. Updated 27 June 2026.

Key facts

Type
1-bed apartment
Size
720 sqft
Floor
4th of 7
Parking
B-254
Service charge
AED 16,300 /yr
Last sold
AED 970K · September 2023
Building
Al Alka 1

About 407, Al Alka 1

407 is a one-bedroom apartment of 720 sqft on the 4th floor of Al Alka 1, a 7-storey tower in The Greens. It last sold on 21 September 2023 for AED 970,000, or AED 1,346 per sqft, 13% above the AED 1,191 one-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, renewed on 27 June 2026, is AED 82,000 a year: a gross yield of 8.5% on the 2023 price, before the service charge of about AED 16,300 a year.

Sales and rents for 407 over time

Sales
Unit 407, each saleTypical one-bed in Al Alka 1
500K1M1.5M2012201620202024Typical 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, October 2012: AED 828,000 (AED 1,149 per sqft)Sold, June 2018: AED 435,000 (AED 603 per sqft)Sold, September 2023: AED 970,000 (AED 1,346 per sqft)

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

Rents
Unit 407, 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 2022: AED 70,000 a yearRenewal, January 2023: AED 70,000 a yearNew contract, June 2024: AED 82,000 a yearRenewal, June 2025: AED 82,000 a yearRenewal, June 2026: AED 82,000 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 407 sits

All 65 1-beds →

407 last sold in September 2023 at AED 1,346 per sqft, 13% above what one-beds in Al Alka 1 were fetching at the time (AED 1,191). 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. 407's AED 82,000 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 4th floor

All 118 units in Al Alka 1
Value
4011-bedAED 910K · Sep 2012
4021-bedAED 1M · Aug 2016
4031-bedAED 1.15M · Mar 2017
4041-bedAED 710K · Apr 2021
4052-bedAED 1M · Jun 2018
4061-bedAED 725K · Apr 2019
4081-bedAED 750K · May 2019
1–7 of 20

407, Al Alka 1 in numbers

  • Sold 3 times: first on 18 October 2012 for AED 828,000, last on 21 September 2023 for AED 970,000 (AED 1,346 per sqft).
  • Rented since January 2022 on 5 Ejari contracts, from AED 70,000 to AED 82,000 a year.
  • At AED 82,000 a year the gross yield on the 2023 price is 8.5%, before a service charge of about AED 16,300 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 27 June 2026.

Questions about 407, Al Alka 1

What did unit 407 last sell for?

AED 970,000 on 21 September 2023: AED 1,346 per sqft for 720 sqft. The unit has 3 registered sales; the first was AED 828,000 in October 2012.

What is the rent for unit 407?

AED 82,000 a year on the contract renewed on 27 June 2026. The previous contract, from June 2025, was AED 82,000; the unit has been rented since January 2022.

How big is unit 407?

720 sqft (66.9 sqm): a one-bedroom apartment on the 4th floor of a 7-storey tower.

What is unit 407 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 407, Al Alka 1

Starts from the last sale price (AED 970K, 21 September 2023). Switch to today's estimate once you have unlocked it.
Price
AED 970,000
Deposit, UAE resident (20%)
AED 194,000
Deposit, non-resident (40%)
AED 388,000
Monthly over 25 years at 3.7%
AED 3,969

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