518, Al Alka 1
Sold prices and rental history: sold 3 times, last in August 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 518, Al Alka 1
What is 518 worth today?
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Source: Dubai Land Department. Updated 21 April 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,250 sqft
- Floor
- 5th of 7
- Parking
- B-36
- Service charge
- AED 28,300 /yr
- Last sold
- AED 1.7M · August 2024
- Building
- Al Alka 1
About 518, Al Alka 1
518 is a two-bedroom apartment of 1,250 sqft on the 5th floor of Al Alka 1, a 7-storey tower in The Greens. It last sold on 20 August 2024 for AED 1,700,000, or AED 1,359 per sqft.
It has been rented continuously since 2013 on 12 Ejari contracts. The current contract, renewed on 21 April 2026, is AED 126,000 a year: a gross yield of 7.4% on the 2024 price, before the service charge of about AED 28,300 a year.
Sales and rents for 518 over time
518 has sold 3 times; the dashed line is the two-bed median of each year in the building.
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 518 sits
All 33 2-beds →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. 518's AED 126,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 14 Sep 202614 September 2026 | 1,389 sqft | 2,550,000 | 1,835 | ||
| 4 Jun 20264 June 2026 | 1,249 sqft | 1,940,000 | 1,553 | ||
| 24 Mar 202624 March 2026 | 1,015 sqft | 2,050,000 | 2,019 | ||
| 3 Mar 20263 March 2026 | 1,276 sqft | 2,225,000 | 1,743 |
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 | |
| 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 | |
| 519 | 2-bed | 1,276 sqft | AED 1.05MAED 1,050,000 · Mar 2020March 2020 | 100,000 /yr |
518, Al Alka 1 in numbers
- Sold 3 times: first on 16 December 2012 for AED 718,750, last on 20 August 2024 for AED 1,700,000 (AED 1,359 per sqft).
- Rented since June 2013 on 12 Ejari contracts. The rent fell from AED 96,000 to AED 77,000 in 2021 and recovered to AED 126,000 by April 2026.
- At AED 126,000 a year the gross yield on the 2024 price is 7.4%, before a service charge of about AED 28,300 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 21 April 2026.
Questions about 518, Al Alka 1
What did unit 518 last sell for?
AED 1,700,000 on 20 August 2024: AED 1,359 per sqft for 1,250 sqft. The unit has 3 registered sales; the first was AED 718,750 in December 2012.
What is the rent for unit 518?
AED 126,000 a year on the contract renewed on 21 April 2026. The previous contract, from April 2025, was AED 138,000; the unit has been rented since June 2013.
How big is unit 518?
1,250 sqft (116.1 sqm): a two-bedroom apartment on the 5th floor of a 7-storey tower.
What is unit 518 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 518, Al Alka 1
Starts from the last sale price (AED 1.7M, 20 August 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,700,000
- Deposit, UAE resident (20%)
- AED 340,000
- Deposit, non-resident (40%)
- AED 680,000
- Monthly over 25 years at 3.7%
- AED 6,955
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →