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2-bed · 1,115 sqftAl Alka 1, The Greens · 5th floor

517, Al Alka 1

Sold prices and rental history: sold twice, last in April 2017, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 517 · DLD and Ejari recordsUpdated 15 April 2019
Last soldAED 1.48M18 April 2017
Current rentAED 90K /yr15 April 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 517, Al Alka 1

What is 517 worth today?

Last sold for AED 1,480,000 in 2017

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15 Apr 2019RentedNew contract
AED 90,000/yr12 months · AED 80 per sqft
18 Apr 2017SoldReady
AED 1,480,000AED 1,327 per sqft
7 Mar 2017RentedRenewal
AED 195,000/yr12 months · AED 174 per sqft
11 Mar 2016RentedNew contract
AED 182,776/yr12 months · AED 163 per sqft
21 Feb 2013Sold by developerReady
AED 1,520,000AED 1,363 per sqft
15 Jan 2013RentedNew contract
AED 145,000/yr12 months · AED 130 per sqft

Source: Dubai Land Department. Updated 15 April 2019.

Key facts

Type
2-bed apartment
Size
1,115 sqft
Floor
5th of 7
Parking
B-46
Service charge
AED 25,200 /yr
Last sold
AED 1.48M · April 2017
Building
Al Alka 1

About 517, Al Alka 1

517 is a two-bedroom apartment of 1,115 sqft on the 5th floor of Al Alka 1, a 7-storey tower in The Greens. It last sold on 18 April 2017 for AED 1,480,000, or AED 1,327 per sqft, 14% above the AED 1,165 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, signed on 15 April 2019, is AED 90,000 a year: a gross yield of 6.1% on the 2017 price, before the service charge of about AED 25,200 a year.

Sales and rents for 517 over time

Sales
Unit 517, each saleTypical two-bed in Al Alka 1
1M1.5M2M2012201620202024Typical sale price by year: 2012 AED 1,436,350; 2013 AED 1,640,000; 2017 AED 1,500,000; 2018 AED 1,227,000; 2019 AED 1,208,000; 2021 AED 1,160,000; 2022 AED 1,190,000; 2024 AED 1,675,000; 2026 AED 2,050,000Sold by developer, February 2013: AED 1,520,000 (AED 1,363 per sqft)Sold, April 2017: AED 1,480,000 (AED 1,327 per sqft)

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

Rents
Unit 517, each contractTypical two-bed in Al Alka 1
100K200K2013201720212025Typical rent by year: 2013 AED 157,500; 2014 AED 187,079; 2015 AED 185,657; 2016 AED 162,856; 2017 AED 141,138; 2018 AED 113,500; 2019 AED 95,000; 2020 AED 80,000; 2021 AED 80,000; 2022 AED 88,000; 2023 AED 98,700; 2024 AED 110,000; 2025 AED 125,000; 2026 AED 125,000New contract, January 2013: AED 145,000 a yearNew contract, March 2016: AED 182,776 a yearRenewal, March 2017: AED 195,000 a yearNew contract, April 2019: AED 90,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Al Alka 1, and where 517 sits

All 33 2-beds →

517 last sold in April 2017 at AED 1,327 per sqft, 14% above what two-beds in Al Alka 1 were fetching at the time (AED 1,165). Over the last 12 months two-beds sold for AED 1,830,000 to 2,550,000, around AED 1,692 per sqft, and rent for AED 70,000 to 165,000 a year. 517's AED 90,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
14 Sep 20262,550,000
4 Jun 20261,940,000
24 Mar 20262,050,000
3 Mar 20262,225,000
6 2-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 5th floor

All 118 units in Al Alka 1
Value
5151-bedAED 1.03M · Dec 2013
5161-bedAED 874K · Jan 2013
5182-bedAED 1.7M · Aug 2024
5192-bedAED 1.05M · Mar 2020

517, Al Alka 1 in numbers

  • Sold twice: first on 21 February 2013 for AED 1,520,000, last on 18 April 2017 for AED 1,480,000 (AED 1,327 per sqft).
  • Rented since January 2013 on 4 Ejari contracts, from AED 145,000 to AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2017 price is 6.1%, before a service charge of about AED 25,200 a year (AED 22.63 per sqft).
  • Two-beds in Al Alka 1 sold for AED 1,830,000–2,550,000 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 April 2019.

Questions about 517, Al Alka 1

What did unit 517 last sell for?

AED 1,480,000 on 18 April 2017: AED 1,327 per sqft for 1,115 sqft. The unit has 2 registered sales; the first was AED 1,520,000 in February 2013.

What is the rent for unit 517?

AED 90,000 a year on the contract signed on 15 April 2019. The previous contract, from March 2017, was AED 195,000; the unit has been rented since January 2013.

How big is unit 517?

1,115 sqft (103.6 sqm): a two-bedroom apartment on the 5th floor of a 7-storey tower.

What is unit 517 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Al Alka 1 sold for AED 1,830,000 to 2,550,000 in the last 12 months, around AED 1,692 per sqft.

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Mortgage on 517, Al Alka 1

Starts from the last sale price (AED 1.48M, 18 April 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,480,000
Deposit, UAE resident (20%)
AED 296,000
Deposit, non-resident (40%)
AED 592,000
Monthly over 25 years at 3.7%
AED 6,055

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