515, Al Alka 1
Sold prices and rental history: sold twice, last in December 2013, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 515, Al Alka 1
What is 515 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 1 November 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 723 sqft
- Floor
- 5th of 7
- Parking
- B-67
- Service charge
- AED 16,400 /yr
- Last sold
- AED 1.03M · December 2013
- Building
- Al Alka 1
About 515, Al Alka 1
515 is a one-bedroom apartment of 723 sqft on the 5th floor of Al Alka 1, a 7-storey tower in The Greens. It last sold on 11 December 2013 for AED 1,030,000, or AED 1,423 per sqft, 19% above the AED 1,200 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 8 Ejari contracts. The current contract, signed on 1 November 2026, is AED 70,000 a year: a gross yield of 6.8% on the 2013 price, before the service charge of about AED 16,400 a year.
Sales and rents for 515 over time
515 has sold twice; the dashed line is the one-bed median of each year in the building.
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 515 sits
All 65 1-beds →515 last sold in December 2013 at AED 1,423 per sqft, 19% above what one-beds in Al Alka 1 were fetching at the time (AED 1,200). 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. 515's AED 70,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 2 Oct 20262 October 2026 | 729 sqft | 1,175,000 | 1,611 | ||
| 9 Sep 20269 September 2026 | 788 sqft | 1,200,000 | 1,522 | ||
| 26 Jun 202626 June 2026 | 726 sqft | 1,250,000 | 1,721 | ||
| 26 Mar 202626 March 2026 | 729 sqft | 1,450,000 | 1,988 |
Al Alka 1
Building118 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%
Other units on the 5th floor
All 118 units in Al Alka 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 516 | 1-bed | 728 sqft | AED 874KAED 873,600 · Jan 2013January 2013 | 70,000 /yr | |
| 517 | 2-bed | 1,115 sqft | AED 1.48MAED 1,480,000 · Apr 2017April 2017 | 90,000 /yr | |
| 518 | 2-bed | 1,250 sqft | AED 1.7MAED 1,700,000 · Aug 2024August 2024 | 126,000 /yr | |
| 519 | 2-bed | 1,276 sqft | AED 1.05MAED 1,050,000 · Mar 2020March 2020 | 100,000 /yr |
515, Al Alka 1 in numbers
- Sold twice: first on 22 October 2012 for AED 831,450, last on 11 December 2013 for AED 1,030,000 (AED 1,423 per sqft).
- Rented since October 2018 on 8 Ejari contracts. The rent fell from AED 70,000 to AED 43,000 in 2021 and recovered to AED 70,000 by November 2026.
- At AED 70,000 a year the gross yield on the 2013 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 1 November 2026.
Questions about 515, Al Alka 1
What did unit 515 last sell for?
AED 1,030,000 on 11 December 2013: AED 1,423 per sqft for 723 sqft. The unit has 2 registered sales; the first was AED 831,450 in October 2012.
What is the rent for unit 515?
AED 70,000 a year on the contract signed on 1 November 2026. The previous contract, from October 2025, was AED 75,285; the unit has been rented since October 2018.
How big is unit 515?
723 sqft (67.2 sqm): a one-bedroom apartment on the 5th floor of a 7-storey tower.
What is unit 515 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 515? 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.
Mortgage on 515, Al Alka 1
Starts from the last sale price (AED 1.03M, 11 December 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 1,030,000
- Deposit, UAE resident (20%)
- AED 206,000
- Deposit, non-resident (40%)
- AED 412,000
- Monthly over 25 years at 3.7%
- AED 4,214
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →