516, Al Alka 1
Sold prices and rental history: sold once, by the developer in January 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 516, Al Alka 1
What is 516 worth today?
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Source: Dubai Land Department. Updated 15 August 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 728 sqft
- Floor
- 5th of 7
- Parking
- B-68
- Service charge
- AED 16,500 /yr
- Last sold
- AED 874K · January 2013
- Building
- Al Alka 1
About 516, Al Alka 1
516 is a one-bedroom apartment of 728 sqft on the 5th floor of Al Alka 1, a 7-storey tower in The Greens. The developer sold it on 7 January 2013 for AED 873,600, or AED 1,200 per sqft, 4% above the AED 1,150 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 10 Ejari contracts. The current contract, signed on 15 August 2026, is AED 70,000 a year: a gross yield of 8.0% on the 2013 price, before the service charge of about AED 16,500 a year.
Sales and rents for 516 over time
516 has sold once; 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 516 sits
All 65 1-beds →516 last sold in January 2013 at AED 1,200 per sqft, 4% above what one-beds in Al Alka 1 were fetching at the time (AED 1,150). 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. 516'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 | |||||
|---|---|---|---|---|---|
| 515 | 1-bed | 723 sqft | AED 1.03MAED 1,030,000 · Dec 2013December 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 |
516, Al Alka 1 in numbers
- Sold once: by the developer on 7 January 2013 for AED 873,600, or AED 1,200 per sqft.
- Rented since May 2018 on 10 Ejari contracts. The rent fell from AED 74,000 to AED 46,000 in 2021 and recovered to AED 70,000 by August 2026.
- At AED 70,000 a year the gross yield on the 2013 price is 8.0%, before a service charge of about AED 16,500 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 15 August 2026.
Questions about 516, Al Alka 1
What did unit 516 last sell for?
AED 873,600 on 7 January 2013, sold by the developer: AED 1,200 per sqft for 728 sqft. It is the only registered sale of the unit.
What is the rent for unit 516?
AED 70,000 a year on the contract signed on 15 August 2026. The previous contract, from July 2025, was AED 72,000; the unit has been rented since May 2018.
How big is unit 516?
728 sqft (67.6 sqm): a one-bedroom apartment on the 5th floor of a 7-storey tower.
What is unit 516 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 516, Al Alka 1
Starts from the last sale price (AED 874K, 7 January 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 873,600
- Deposit, UAE resident (20%)
- AED 174,720
- Deposit, non-resident (40%)
- AED 349,440
- Monthly over 25 years at 3.7%
- AED 3,574
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →