2-bed · 1,093 sqftAl Alka 3, The Greens · 3rd floor

311, Al Alka 3

Sold prices and rental history: sold twice, last in April 2022, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 311 · DLD and Ejari recordsUpdated 22 April 2022
Last soldAED 1.1M22 April 2022
Current rentAED 80K /yr10 June 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 311, Al Alka 3

What is 311 worth today?

Last sold for AED 1,100,000 in 2022

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22 Apr 2022SoldReady
AED 1,100,000AED 1,006 per sqft
10 Jun 2019RentedRenewal
AED 80,000/yr12 months · AED 73 per sqft
10 Jun 2018RentedRenewal
AED 91,000/yr12 months · AED 83 per sqft
10 Jun 2017RentedNew contract
AED 93,000/yr12 months · AED 85 per sqft
24 Nov 2015RentedNew contract
AED 125,000/yr12 months · AED 114 per sqft
29 Sep 2013RentedNew contract
AED 110,000/yr12 months · AED 100 per sqft
23 Jun 2009Sold by developerReady
AED 1,377,888AED 1,260 per sqft

Source: Dubai Land Department. Updated 22 April 2022.

Key facts

Type
2-bed apartment
Size
1,093 sqft
Floor
3rd of 41
Parking
B-189
Service charge
AED 24,700 /yr
Last sold
AED 1.1M · April 2022
Building
Al Alka 3

About 311, Al Alka 3

311 is a two-bedroom apartment of 1,093 sqft on the 3rd floor of Al Alka 3, a 41-storey tower in The Greens. It last sold on 22 April 2022 for AED 1,100,000, or AED 1,006 per sqft, 13% above the AED 893 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, renewed on 10 June 2019, is AED 80,000 a year: a gross yield of 7.3% on the 2022 price, before the service charge of about AED 24,700 a year.

Sales and rents for 311 over time

Sales
Unit 311, each saleTypical two-bed in Al Alka 3
1M2M2008201320182023Typical sale price by year: 2008 AED 1,500,000; 2009 AED 1,352,894; 2010 AED 1,051,944; 2011 AED 1,150,000; 2012 AED 1,275,000; 2013 AED 1,540,000; 2014 AED 1,175,000; 2015 AED 1,400,000; 2017 AED 1,625,000; 2021 AED 1,300,000; 2022 AED 1,457,500; 2023 AED 1,575,000; 2024 AED 1,600,000; 2025 AED 2,105,000; 2026 AED 2,600,000Sold by developer, June 2009: AED 1,377,888 (AED 1,260 per sqft)Sold, April 2022: AED 1,100,000 (AED 1,006 per sqft)

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

Rents
Unit 311, each contractTypical two-bed in Al Alka 3
75K100K125K2012201620202024Typical rent by year: 2012 AED 90,000; 2013 AED 110,000; 2014 AED 120,000; 2015 AED 125,000; 2016 AED 130,000; 2017 AED 117,000; 2018 AED 114,814; 2019 AED 90,000; 2020 AED 80,000; 2021 AED 75,000; 2022 AED 86,250; 2023 AED 96,031; 2024 AED 110,200; 2025 AED 125,000; 2026 AED 120,000New contract, September 2013: AED 110,000 a yearNew contract, November 2015: AED 125,000 a yearNew contract, June 2017: AED 93,000 a yearRenewal, June 2018: AED 91,000 a yearRenewal, June 2019: AED 80,000 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 3, and where 311 sits

All 33 2-beds →

311 last sold in April 2022 at AED 1,006 per sqft, 13% above what two-beds in Al Alka 3 were fetching at the time (AED 893). Over the last 12 months two-beds sold for AED 2,140,000 to 3,100,000, around AED 1,664 per sqft, and rent for AED 100,000 to 162,000 a year. 311's AED 80,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
19 Jun 20262,140,000
21 Apr 20263,100,000
4 Feb 20262,600,000
17 Jun 20252,150,000
3 2-bed sales in the last 12 months

Al Alka 3

Building

117 apartments, studios to 2-bed over 41 floors in The Greens. 11 sold in the last 12 months.

Typical price per sqft
AED 1,758 Up 10.5%
Typical sale
AED 1.55M
Typical rent
AED 90K /yr
Typical yield
6.0%
Al Alka 3, The Greens: prices, sales and rents →

Other units on the 3rd floor

All 117 units in Al Alka 3
Value
3011-bedAED 970K · Jul 2013
3021-bedAED 1.03M · Mar 2024
3031-bedAED 473K · Mar 2010
3041-bedAED 650K · Feb 2012
3052-bedAED 2.23M · Mar 2025
3061-bedAED 980K · Apr 2009
3071-bedAED 1.06M · Sep 2016
1–7 of 16

311, Al Alka 3 in numbers

  • Sold twice: first on 23 June 2009 for AED 1,377,888, last on 22 April 2022 for AED 1,100,000 (AED 1,006 per sqft).
  • Rented since September 2013 on 5 Ejari contracts, from AED 110,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2022 price is 7.3%, before a service charge of about AED 24,700 a year (AED 22.63 per sqft).
  • Two-beds in Al Alka 3 sold for AED 2,140,000–3,100,000 in the 12 months to November 2026; the building's median across all types is AED 1,758 per sqft.

Source: Dubai Land Department. Updated 22 April 2022.

Questions about 311, Al Alka 3

What did unit 311 last sell for?

AED 1,100,000 on 22 April 2022: AED 1,006 per sqft for 1,093 sqft. The unit has 2 registered sales; the first was AED 1,377,888 in June 2009.

What is the rent for unit 311?

AED 80,000 a year on the contract renewed on 10 June 2019. The previous contract, from June 2018, was AED 91,000; the unit has been rented since September 2013.

How big is unit 311?

1,093 sqft (101.5 sqm): a two-bedroom apartment on the 3rd floor of a 41-storey tower.

What is unit 311 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 3 sold for AED 2,140,000 to 3,100,000 in the last 12 months, around AED 1,664 per sqft.

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Mortgage on 311, Al Alka 3

Starts from the last sale price (AED 1.1M, 22 April 2022). 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 →