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2-bed · 1,441 sqftAl Alka 3, The Greens · 4th floor

405, Al Alka 3

Sold prices and rental history: sold 3 times, last in October 2014, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 405 · DLD and Ejari recordsUpdated 5 March 2020
Last soldAED 2.3M23 October 2014
Current rentAED 100K /yr5 March 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 405, Al Alka 3

What is 405 worth today?

Last sold for AED 2,300,000 in 2014

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5 Mar 2020RentedNew contract
AED 100,000/yr12 months · AED 69 per sqft
1 Feb 2018RentedNew contract
AED 120,000/yr12 months · AED 83 per sqft
23 Oct 2014SoldReady
AED 2,300,000AED 1,595 per sqft
7 May 2013RentedNew contract
AED 110,000/yr12 months · AED 76 per sqft
29 Jul 2008Sold by developerReady
AED 1,463,617AED 1,015 per sqft
29 Jul 2008SoldReady
AED 2,400,000AED 1,665 per sqft

Source: Dubai Land Department. Updated 5 March 2020.

Key facts

Type
2-bed apartment
Size
1,441 sqft
Floor
4th of 41
Parking
B-206
Service charge
AED 32,600 /yr
Last sold
AED 2.3M · October 2014
Building
Al Alka 3

About 405, Al Alka 3

405 is a two-bedroom apartment of 1,441 sqft on the 4th floor of Al Alka 3, a 41-storey tower in The Greens. It last sold on 23 October 2014 for AED 2,300,000, or AED 1,595 per sqft, 96% above the AED 815 two-beds in the building were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, signed on 5 March 2020, is AED 100,000 a year: a gross yield of 4.3% on the 2014 price, before the service charge of about AED 32,600 a year.

Sales and rents for 405 over time

Sales
Unit 405, 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, July 2008: AED 1,463,617 (AED 1,015 per sqft)Sold, July 2008: AED 2,400,000 (AED 1,665 per sqft)Sold, October 2014: AED 2,300,000 (AED 1,595 per sqft)

405 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 405, 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, May 2013: AED 110,000 a yearNew contract, February 2018: AED 120,000 a yearNew contract, March 2020: AED 100,000 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 405 sits

All 33 2-beds →

405 last sold in October 2014 at AED 1,595 per sqft, 96% above what two-beds in Al Alka 3 were fetching at the time (AED 815). 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. 405's AED 100,000 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 4th floor

All 117 units in Al Alka 3
Value
4011-bedAED 1.58M · Feb 2026
4021-bedAED 1.66M · Feb 2026
4031-bedAED 1.3M · Feb 2025
4041-bedAED 482K · Mar 2010
4061-bedAED 1.04M · Jun 2016
4071-bedAED 700K · Jun 2021
4081-bedAED 1.19M · Feb 2014
1–7 of 17

405, Al Alka 3 in numbers

  • Sold 3 times: first on 29 July 2008 for AED 2,400,000, last on 23 October 2014 for AED 2,300,000 (AED 1,595 per sqft).
  • Rented since May 2013 on 3 Ejari contracts, from AED 110,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2014 price is 4.3%, before a service charge of about AED 32,600 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 5 March 2020.

Questions about 405, Al Alka 3

What did unit 405 last sell for?

AED 2,300,000 on 23 October 2014: AED 1,595 per sqft for 1,441 sqft. The unit has 3 registered sales; the first was AED 2,400,000 in July 2008.

What is the rent for unit 405?

AED 100,000 a year on the contract signed on 5 March 2020. The previous contract, from February 2018, was AED 120,000; the unit has been rented since May 2013.

How big is unit 405?

1,441 sqft (133.9 sqm): a two-bedroom apartment on the 4th floor of a 41-storey tower.

What is unit 405 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 405, Al Alka 3

Starts from the last sale price (AED 2.3M, 23 October 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,300,000
Deposit, UAE resident (20%)
AED 460,000
Deposit, non-resident (40%)
AED 920,000
Monthly over 25 years at 3.7%
AED 9,410

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