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2-bed · 1,276 sqftAl Alka 1, The Greens · 7th floor

719, Al Alka 1

Sold prices and rental history: sold twice, last in May 2021, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 719 · DLD and Ejari recordsUpdated 6 May 2021
Last soldAED 1.1M6 May 2021
Current rentAED 90K /yr10 April 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 719, Al Alka 1

What is 719 worth today?

Last sold for AED 1,100,000 in 2021

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6 May 2021SoldReady
AED 1,100,000AED 862 per sqft
10 Apr 2019RentedNew contract
AED 90,000/yr12 months · AED 70 per sqft
7 Mar 2018RentedNew contract
AED 119,678/yr12 months · AED 93 per sqft
31 Oct 2014RentedNew contract
AED 186,117/yr12 months · AED 145 per sqft
7 Aug 2012Sold by developerReady
AED 1,467,400AED 1,149 per sqft

Source: Dubai Land Department. Updated 6 May 2021.

Key facts

Type
2-bed apartment
Size
1,276 sqft
Floor
7th of 7
Parking
B-41
Service charge
AED 28,900 /yr
Last sold
AED 1.1M · May 2021
Building
Al Alka 1

About 719, Al Alka 1

719 is a two-bedroom apartment of 1,276 sqft on the 7th floor of Al Alka 1, a 7-storey tower in The Greens. It last sold on 6 May 2021 for AED 1,100,000, or AED 862 per sqft.

It has been rented since 2014 on 3 Ejari contracts. The current contract, signed on 10 April 2019, is AED 90,000 a year: a gross yield of 8.2% on the 2021 price, before the service charge of about AED 28,900 a year.

Sales and rents for 719 over time

Sales
Unit 719, 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, August 2012: AED 1,467,400 (AED 1,149 per sqft)Sold, May 2021: AED 1,100,000 (AED 862 per sqft)

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

Rents
Unit 719, each contractTypical two-bed in Al Alka 1
100K150K200K2013201720212025Typical 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, October 2014: AED 186,117 a yearNew contract, March 2018: AED 119,678 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 719 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. 719'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 7th floor

All 118 units in Al Alka 1
Value
7151-bedAED 1.1M · Sep 2024
7161-bedAED 935K · Mar 2016
7172-bedAED 1.15M · May 2022
7182-bedAED 1.81M · Sep 2018

719, Al Alka 1 in numbers

  • Sold twice: first on 7 August 2012 for AED 1,467,400, last on 6 May 2021 for AED 1,100,000 (AED 862 per sqft).
  • Rented since October 2014 on 3 Ejari contracts, from AED 186,117 to AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2021 price is 8.2%, before a service charge of about AED 28,900 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 6 May 2021.

Questions about 719, Al Alka 1

What did unit 719 last sell for?

AED 1,100,000 on 6 May 2021: AED 862 per sqft for 1,276 sqft. The unit has 2 registered sales; the first was AED 1,467,400 in August 2012.

What is the rent for unit 719?

AED 90,000 a year on the contract signed on 10 April 2019. The previous contract, from March 2018, was AED 119,678; the unit has been rented since October 2014.

How big is unit 719?

1,276 sqft (118.5 sqm): a two-bedroom apartment on the 7th floor of a 7-storey tower.

What is unit 719 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 719, Al Alka 1

Starts from the last sale price (AED 1.1M, 6 May 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,100,000
Deposit, UAE resident (20%)
AED 220,000
Deposit, non-resident (40%)
AED 440,000
Monthly over 25 years at 3.7%
AED 4,500

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