1-bed · 765 sqftAl Alka 3, The Greens · 4th floor

406, Al Alka 3

Sold prices and rental history: sold 3 times, last in June 2016, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 406 · DLD and Ejari recordsUpdated 22 December 2025
Last soldAED 1.04M5 June 2016
Current rentAED 90K /yr22 December 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 406, Al Alka 3

What is 406 worth today?

Last sold for AED 1,040,000 in 2016

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22 Dec 2025RentedNew contract
AED 90,000/yr12 months · AED 118 per sqft
1 Aug 2025RentedRenewal
AED 72,000/yr12 months · AED 94 per sqft
1 Aug 2024RentedRenewal
AED 68,000/yr12 months · AED 89 per sqft
1 Aug 2023RentedRenewal
AED 59,000/yr12 months · AED 77 per sqft
1 Aug 2022RentedRenewal
AED 53,000/yr12 months · AED 69 per sqft
1 Aug 2021RentedNew contract
AED 47,000/yr12 months · AED 61 per sqft
31 Jul 2020RentedNew contract
AED 47,000/yr12 months · AED 61 per sqft
1 Oct 2019RentedNew contract
AED 56,000/yr12 months · AED 73 per sqft

Source: Dubai Land Department. Updated 22 December 2025.

Key facts

Type
1-bed apartment
Size
765 sqft
Floor
4th of 41
Parking
B-173
Service charge
AED 17,300 /yr
Last sold
AED 1.04M · June 2016
Building
Al Alka 3

About 406, Al Alka 3

406 is a one-bedroom apartment of 765 sqft on the 4th floor of Al Alka 3, a 41-storey tower in The Greens. It last sold on 5 June 2016 for AED 1,040,000, or AED 1,359 per sqft, in line with the AED 1,354 one-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 15 Ejari contracts. The current contract, signed on 22 December 2025, is AED 90,000 a year: a gross yield of 8.6% on the 2016 price, before the service charge of about AED 17,300 a year.

Sales and rents for 406 over time

Sales
Unit 406, each saleTypical one-bed in Al Alka 3
500K1M2008201320182023Typical sale price by year: 2008 AED 953,000; 2009 AED 991,444; 2010 AED 540,000; 2011 AED 541,000; 2012 AED 650,000; 2013 AED 997,500; 2014 AED 1,140,000; 2015 AED 1,080,000; 2016 AED 1,010,000; 2017 AED 1,040,000; 2020 AED 577,500; 2021 AED 640,000; 2022 AED 635,000; 2023 AED 850,000; 2024 AED 1,200,000; 2025 AED 1,242,500; 2026 AED 1,278,111Sold by developer, July 2008: AED 525,000 (AED 686 per sqft)Sold, May 2015: AED 1,060,000 (AED 1,386 per sqft)Sold, June 2016: AED 1,040,000 (AED 1,359 per sqft)

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

Rents
Unit 406, each contractTypical one-bed in Al Alka 3
40K60K80K2012201620202024Typical rent by year: 2012 AED 55,000; 2013 AED 66,500; 2014 AED 80,000; 2015 AED 85,000; 2016 AED 85,000; 2017 AED 80,000; 2018 AED 70,000; 2019 AED 60,000; 2020 AED 48,000; 2021 AED 47,000; 2022 AED 54,000; 2023 AED 63,625; 2024 AED 78,000; 2025 AED 80,000; 2026 AED 90,000New contract, September 2012: AED 50,000 a yearRenewal, September 2013: AED 55,000 a yearNew contract, September 2014: AED 85,000 a yearNew contract, June 2016: AED 88,000 a yearNew contract, December 2017: AED 80,000 a yearRenewal, December 2018: AED 80,000 a yearNew contract, December 2018: AED 80,000 a yearNew contract, October 2019: AED 56,000 a yearNew contract, July 2020: AED 47,000 a yearNew contract, August 2021: AED 47,000 a yearRenewal, August 2022: AED 53,000 a yearRenewal, August 2023: AED 59,000 a yearRenewal, August 2024: AED 68,000 a yearRenewal, August 2025: AED 72,000 a yearNew contract, December 2025: AED 90,000 a year

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

1-beds in Al Alka 3, and where 406 sits

All 65 1-beds →

406 last sold in June 2016 at AED 1,359 per sqft, in line with what one-beds in Al Alka 3 were fetching at the time (AED 1,354). Over the last 12 months one-beds sold for AED 1,220,000 to 1,660,000, around AED 1,758 per sqft, and rent for AED 65,000 to 125,000 a year. 406's AED 90,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
16 Oct 20261,220,000
7 Aug 20261,272,000
3 Jun 20261,278,111
26 Feb 20261,660,000
7 1-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
4052-bedAED 2.3M · Oct 2014
4071-bedAED 700K · Jun 2021
4081-bedAED 1.19M · Feb 2014
1–7 of 17

406, Al Alka 3 in numbers

  • Sold 3 times: first on 27 July 2008 for AED 525,000, last on 5 June 2016 for AED 1,040,000 (AED 1,359 per sqft).
  • Rented since September 2012 on 15 Ejari contracts, from AED 50,000 to AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2016 price is 8.6%, before a service charge of about AED 17,300 a year (AED 22.63 per sqft).
  • One-beds in Al Alka 3 sold for AED 1,220,000–1,660,000 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 December 2025.

Questions about 406, Al Alka 3

What did unit 406 last sell for?

AED 1,040,000 on 5 June 2016: AED 1,359 per sqft for 765 sqft. The unit has 3 registered sales; the first was AED 525,000 in July 2008.

What is the rent for unit 406?

AED 90,000 a year on the contract signed on 22 December 2025. The previous contract, from August 2025, was AED 72,000; the unit has been rented since September 2012.

How big is unit 406?

765 sqft (71.1 sqm): a one-bedroom apartment on the 4th floor of a 41-storey tower.

What is unit 406 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Al Alka 3 sold for AED 1,220,000 to 1,660,000 in the last 12 months, around AED 1,758 per sqft.

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Mortgage on 406, Al Alka 3

Starts from the last sale price (AED 1.04M, 5 June 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,040,000
Deposit, UAE resident (20%)
AED 208,000
Deposit, non-resident (40%)
AED 416,000
Monthly over 25 years at 3.7%
AED 4,255

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