Home
Dubai prices
About
Research
Studio · 433 sqftAl Alka 3, The Greens · 31st floor

312B, Al Alka 3

Sold prices and rental history: sold 5 times, last in January 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 312B · DLD and Ejari recordsUpdated 18 January 2023
Last soldAED 500K18 January 2023
Current rentAED 48K /yr10 March 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 312B

Property timeline for 312B, Al Alka 3

What is 312B worth today?

Last sold for AED 500,000 in 2023

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

18 Jan 2023SoldReady
AED 500,000AED 1,156 per sqft
10 Mar 2019RentedRenewal
AED 48,000/yr6 months · AED 111 per sqft
10 Mar 2018RentedRenewal
AED 55,000/yr12 months · AED 128 per sqft
10 Mar 2017RentedNew contract
AED 60,000/yr12 months · AED 139 per sqft
19 Jan 2016SoldReady
AED 700,000AED 1,618 per sqft
10 Mar 2014RentedNew contract
AED 50,000/yr12 months · AED 116 per sqft
10 Mar 2013RentedNew contract
AED 45,000/yr12 months · AED 105 per sqft
23 Jul 2012SoldReady
AED 495,000AED 1,144 per sqft

Source: Dubai Land Department. Updated 18 January 2023.

Key facts

Type
Studio apartment
Size
433 sqft
Floor
31st of 41
Parking
B-110
Service charge
AED 9,800 /yr
Last sold
AED 500K · January 2023
Building
Al Alka 3

About 312B, Al Alka 3

312B is a studio of 433 sqft on the 31st floor of Al Alka 3, a 41-storey tower in The Greens. It last sold on 18 January 2023 for AED 500,000, or AED 1,156 per sqft, 7% below the AED 1,240 studios 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 March 2019, is AED 48,000 a year: a gross yield of 9.6% on the 2023 price, before the service charge of about AED 9,800 a year.

Sales and rents for 312B over time

Sales
Unit 312B, each saleTypical studio in Al Alka 3
500K750K2008201320182023Typical sale price by year: 2008 AED 780,000; 2009 AED 623,149; 2010 AED 350,000; 2011 AED 370,000; 2012 AED 508,000; 2013 AED 680,000; 2016 AED 680,000; 2022 AED 580,000; 2024 AED 710,000; 2025 AED 897,500Sold by developer, May 2009: AED 627,199 (AED 1,450 per sqft)Sold, January 2011: AED 370,000 (AED 855 per sqft)Sold, July 2012: AED 495,000 (AED 1,144 per sqft)Sold, January 2016: AED 700,000 (AED 1,618 per sqft)Sold, January 2023: AED 500,000 (AED 1,156 per sqft)

312B has sold 5 times; the dashed line is the studio median of each year in the building.

Rents
Unit 312B, each contractTypical studio in Al Alka 3
40K60K2013201720212025Typical rent by year: 2013 AED 52,000; 2014 AED 65,000; 2015 AED 63,000; 2016 AED 60,000; 2017 AED 60,000; 2018 AED 51,000; 2019 AED 41,000; 2020 AED 34,000; 2021 AED 34,000; 2022 AED 42,000; 2023 AED 54,500; 2024 AED 56,000; 2025 AED 61,327; 2026 AED 55,034New contract, March 2013: AED 45,000 a yearNew contract, March 2014: AED 50,000 a yearNew contract, March 2017: AED 60,000 a yearRenewal, March 2018: AED 55,000 a yearRenewal, March 2019: AED 48,000 a year

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

Studios in Al Alka 3, and where 312B sits

All 20 studios →

312B last sold in January 2023 at AED 1,156 per sqft, 7% below what studios in Al Alka 3 were fetching at the time (AED 1,240). Over the last 12 months studios sold for AED 900,000, around AED 2,080 per sqft, and rent for AED 52,000 to 72,000 a year. 312B's AED 48,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
26 Feb 2026900,000
17 Sep 2025865,000
23 Jun 2025820,000
13 May 2025935,000
1 studio sale 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 31st floor

All 117 units in Al Alka 3
Value
312AStudioAED 765K · Dec 2013
313AStudioAED 385K · Nov 2017
313BStudioAED 490K · Nov 2021

312B, Al Alka 3 in numbers

  • Sold 5 times: first on 21 May 2009 for AED 627,199, last on 18 January 2023 for AED 500,000 (AED 1,156 per sqft).
  • Rented since March 2013 on 5 Ejari contracts, from AED 45,000 to AED 48,000 a year.
  • At AED 48,000 a year the gross yield on the 2023 price is 9.6%, before a service charge of about AED 9,800 a year (AED 22.63 per sqft).
  • Studios in Al Alka 3 sold for AED 900,000–900,000 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 18 January 2023.

Questions about 312B, Al Alka 3

What did unit 312B last sell for?

AED 500,000 on 18 January 2023: AED 1,156 per sqft for 433 sqft. The unit has 5 registered sales; the first was AED 627,199 in May 2009.

What is the rent for unit 312B?

AED 48,000 a year on the contract renewed on 10 March 2019. The previous contract, from March 2018, was AED 55,000; the unit has been rented since March 2013.

How big is unit 312B?

433 sqft (40.2 sqm): a studio on the 31st floor of a 41-storey tower.

What is unit 312B worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Al Alka 3 sold for AED 900,000 to 900,000 in the last 12 months, around AED 2,080 per sqft.

Selling 312B? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 312B, Al Alka 3

Starts from the last sale price (AED 500K, 18 January 2023). Switch to today's estimate once you have unlocked it.
Price
AED 500,000
Deposit, UAE resident (20%)
AED 100,000
Deposit, non-resident (40%)
AED 200,000
Monthly over 25 years at 3.7%
AED 2,046

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