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

408, Al Alka 1

Sold prices and rental history: sold twice, last in May 2019, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 408 · DLD and Ejari recordsUpdated 10 December 2025
Last soldAED 750K13 May 2019
Current rentAED 69K /yr10 December 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 408, Al Alka 1

What is 408 worth today?

Last sold for AED 750,000 in 2019

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10 Dec 2025RentedRenewal
AED 69,000/yr12 months · AED 96 per sqft
10 Dec 2024RentedRenewal
AED 63,250/yr12 months · AED 88 per sqft
10 Dec 2023RentedRenewal
AED 50,000/yr12 months · AED 69 per sqft
10 Dec 2022RentedRenewal
AED 50,000/yr12 months · AED 69 per sqft
10 Dec 2021RentedRenewal
AED 45,000/yr12 months · AED 62 per sqft
10 Dec 2020RentedNew contract
AED 41,000/yr12 months · AED 57 per sqft
13 May 2019SoldReady
AED 750,000AED 1,041 per sqft
13 Oct 2018RentedNew contract
AED 75,000/yr12 months · AED 104 per sqft

Source: Dubai Land Department. Updated 10 December 2025.

Key facts

Type
1-bed apartment
Size
720 sqft
Floor
4th of 7
Parking
B-253
Service charge
AED 16,300 /yr
Last sold
AED 750K · May 2019
Building
Al Alka 1

About 408, Al Alka 1

408 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 13 May 2019 for AED 750,000, or AED 1,041 per sqft, 9% above the AED 958 one-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 7 Ejari contracts. The current contract, renewed on 10 December 2025, is AED 69,000 a year: a gross yield of 9.2% on the 2019 price, before the service charge of about AED 16,300 a year.

Sales and rents for 408 over time

Sales
Unit 408, each saleTypical one-bed in Al Alka 1
1M2012201620202024Typical 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 1,150 per sqft)Sold, May 2019: AED 750,000 (AED 1,041 per sqft)

408 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 408, 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, October 2018: AED 75,000 a yearNew contract, December 2020: AED 41,000 a yearRenewal, December 2021: AED 45,000 a yearRenewal, December 2022: AED 50,000 a yearRenewal, December 2023: AED 50,000 a yearRenewal, December 2024: AED 63,250 a yearRenewal, December 2025: AED 69,000 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 408 sits

All 65 1-beds →

408 last sold in May 2019 at AED 1,041 per sqft, 9% above what one-beds in Al Alka 1 were fetching at the time (AED 958). 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. 408's AED 69,000 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
4071-bedAED 970K · Sep 2023
1–7 of 20

408, Al Alka 1 in numbers

  • Sold twice: first on 18 October 2012 for AED 828,000, last on 13 May 2019 for AED 750,000 (AED 1,041 per sqft).
  • Rented since October 2018 on 7 Ejari contracts. The rent fell from AED 75,000 to AED 41,000 in 2020 and recovered to AED 69,000 by December 2025.
  • At AED 69,000 a year the gross yield on the 2019 price is 9.2%, 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 10 December 2025.

Questions about 408, Al Alka 1

What did unit 408 last sell for?

AED 750,000 on 13 May 2019: AED 1,041 per sqft for 720 sqft. The unit has 2 registered sales; the first was AED 828,000 in October 2012.

What is the rent for unit 408?

AED 69,000 a year on the contract renewed on 10 December 2025. The previous contract, from December 2024, was AED 63,250; the unit has been rented since October 2018.

How big is unit 408?

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

What is unit 408 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 408, Al Alka 1

Starts from the last sale price (AED 750K, 13 May 2019). Switch to today's estimate once you have unlocked it.
Price
AED 750,000
Deposit, UAE resident (20%)
AED 150,000
Deposit, non-resident (40%)
AED 300,000
Monthly over 25 years at 3.7%
AED 3,068

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