Home
Dubai prices
About
Blog
1-bed · 724 sqftAl Alka 1, The Greens · 4th floor

415, Al Alka 1

Sold prices and rental history: sold 3 times, last in May 2021, and rented since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 415 · DLD and Ejari recordsUpdated 10 August 2021
Last soldAED 660K31 May 2021
Current rentAED 45K /yr10 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 415

Property timeline for 415, Al Alka 1

What is 415 worth today?

Last sold for AED 660,000 in 2021

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

10 Aug 2021RentedNew contract
AED 45,000/yr12 months · AED 62 per sqft
31 May 2021SoldReady
AED 660,000AED 911 per sqft
16 Oct 2019SoldReady
AED 680,000AED 938 per sqft
3 May 2015RentedNew contract
AED 187,000/yr12 months · AED 259 per sqft
11 Nov 2012Sold by developerReady
AED 868,800AED 1,199 per sqft

Source: Dubai Land Department. Updated 10 August 2021.

Key facts

Type
1-bed apartment
Size
724 sqft
Floor
4th of 7
Parking
B-65
Service charge
AED 16,400 /yr
Last sold
AED 660K · May 2021
Building
Al Alka 1

About 415, Al Alka 1

415 is a one-bedroom apartment of 724 sqft on the 4th floor of Al Alka 1, a 7-storey tower in The Greens. It last sold on 31 May 2021 for AED 660,000, or AED 911 per sqft, in line with the AED 886 one-beds in the building were fetching at the time.

It has been rented since 2015 on 2 Ejari contracts. The current contract, signed on 10 August 2021, is AED 45,000 a year: a gross yield of 6.8% on the 2021 price, before the service charge of about AED 16,400 a year.

Sales and rents for 415 over time

Sales
Unit 415, 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, November 2012: AED 868,800 (AED 1,199 per sqft)Sold, October 2019: AED 680,000 (AED 938 per sqft)Sold, May 2021: AED 660,000 (AED 911 per sqft)

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

Rents
Unit 415, each contractTypical one-bed in Al Alka 1
100K200K2013201720212025Typical 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, May 2015: AED 187,000 a yearNew contract, August 2021: AED 45,000 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 415 sits

All 65 1-beds →

415 last sold in May 2021 at AED 911 per sqft, in line with what one-beds in Al Alka 1 were fetching at the time (AED 886). 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. 415's AED 45,000 is at the bottom 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

415, Al Alka 1 in numbers

  • Sold 3 times: first on 11 November 2012 for AED 868,800, last on 31 May 2021 for AED 660,000 (AED 911 per sqft).
  • Rented since May 2015 on 2 Ejari contracts, from AED 187,000 to AED 45,000 a year.
  • At AED 45,000 a year the gross yield on the 2021 price is 6.8%, before a service charge of about AED 16,400 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 August 2021.

Questions about 415, Al Alka 1

What did unit 415 last sell for?

AED 660,000 on 31 May 2021: AED 911 per sqft for 724 sqft. The unit has 3 registered sales; the first was AED 868,800 in November 2012.

What is the rent for unit 415?

AED 45,000 a year on the contract signed on 10 August 2021. The previous contract, from May 2015, was AED 187,000.

How big is unit 415?

724 sqft (67.3 sqm): a one-bedroom apartment on the 4th floor of a 7-storey tower.

What is unit 415 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.

Selling 415? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 415, Al Alka 1

Starts from the last sale price (AED 660K, 31 May 2021). Switch to today's estimate once you have unlocked it.
Price
AED 660,000
Deposit, UAE resident (20%)
AED 132,000
Deposit, non-resident (40%)
AED 264,000
Monthly over 25 years at 3.7%
AED 2,700

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