717, Al Alka 1
Sold prices and rental history: sold 4 times, last in May 2022, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 717, Al Alka 1
What is 717 worth today?
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Source: Dubai Land Department. Updated 24 May 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,115 sqft
- Floor
- 7th of 7
- Parking
- B-48
- Service charge
- AED 25,200 /yr
- Last sold
- AED 1.15M · May 2022
- Building
- Al Alka 1
About 717, Al Alka 1
717 is a two-bedroom apartment of 1,115 sqft on the 7th floor of Al Alka 1, a 7-storey tower in The Greens. It last sold on 24 May 2022 for AED 1,150,000, or AED 1,031 per sqft, 6% above the AED 973 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, renewed on 9 May 2021, is AED 88,000 a year: a gross yield of 7.6% on the 2022 price, before the service charge of about AED 25,200 a year.
Sales and rents for 717 over time
717 has sold 4 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 717 sits
All 33 2-beds →717 last sold in May 2022 at AED 1,031 per sqft, 6% above what two-beds in Al Alka 1 were fetching at the time (AED 973). 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. 717's AED 88,000 is in the lower 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 7th floor
All 118 units in Al Alka 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 715 | 1-bed | 723 sqft | AED 1.1MAED 1,100,000 · Sep 2024September 2024 | 80,000 /yr | |
| 716 | 1-bed | 728 sqft | AED 935KAED 935,000 · Mar 2016March 2016 | 68,000 /yr | |
| 718 | 2-bed | 1,250 sqft | AED 1.81MAED 1,808,719 · Sep 2018September 2018 | 165,000 /yr | |
| 719 | 2-bed | 1,276 sqft | AED 1.1MAED 1,100,000 · May 2021May 2021 | 90,000 /yr |
717, Al Alka 1 in numbers
- Sold 4 times: first on 30 April 2013 for AED 1,300,000, last on 24 May 2022 for AED 1,150,000 (AED 1,031 per sqft).
- Rented since April 2014 on 7 Ejari contracts, from AED 193,939 to AED 88,000 a year.
- At AED 88,000 a year the gross yield on the 2022 price is 7.6%, 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 24 May 2022.
Questions about 717, Al Alka 1
What did unit 717 last sell for?
AED 1,150,000 on 24 May 2022: AED 1,031 per sqft for 1,115 sqft. The unit has 4 registered sales; the first was AED 1,300,000 in April 2013.
What is the rent for unit 717?
AED 88,000 a year on the contract renewed on 9 May 2021. The previous contract, from May 2020, was AED 80,223; the unit has been rented since April 2014.
How big is unit 717?
1,115 sqft (103.6 sqm): a two-bedroom apartment on the 7th floor of a 7-storey tower.
What is unit 717 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 717, Al Alka 1
Starts from the last sale price (AED 1.15M, 24 May 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,150,000
- Deposit, UAE resident (20%)
- AED 230,000
- Deposit, non-resident (40%)
- AED 460,000
- Monthly over 25 years at 3.7%
- AED 4,705
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →