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1-bed · 768 sqftAl Alka 3, The Greens · 5th floor

516, Al Alka 3

Sold prices and rental history: sold twice, last in September 2008, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 516 · DLD and Ejari recordsUpdated 26 December 2025
Last soldAED 940K3 September 2008
Current rentAED 80K /yr26 December 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 516, Al Alka 3

What is 516 worth today?

Last sold for AED 940,000 in 2008

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26 Dec 2025RentedRenewal
AED 80,000/yr12 months · AED 104 per sqft
26 Dec 2024RentedNew contract
AED 75,000/yr12 months · AED 98 per sqft
20 Aug 2023RentedRenewal
AED 60,500/yr12 months · AED 79 per sqft
20 Aug 2022RentedNew contract
AED 55,000/yr12 months · AED 72 per sqft
12 Jul 2021RentedRenewal
AED 43,000/yr12 months · AED 56 per sqft
12 Jul 2020RentedRenewal
AED 43,000/yr12 months · AED 56 per sqft
12 Jul 2019RentedRenewal
AED 62,000/yr12 months · AED 81 per sqft
12 Jul 2018RentedNew contract
AED 63,000/yr12 months · AED 82 per sqft

Source: Dubai Land Department. Updated 26 December 2025.

Key facts

Type
1-bed apartment
Size
768 sqft
Floor
5th of 41
Parking
B-168
Service charge
AED 17,400 /yr
Last sold
AED 940K · September 2008
Building
Al Alka 3

About 516, Al Alka 3

516 is a one-bedroom apartment of 768 sqft on the 5th floor of Al Alka 3, a 41-storey tower in The Greens. The developer sold it on 3 September 2008 for AED 940,000, or AED 1,224 per sqft, in line with the AED 1,230 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 13 Ejari contracts. The current contract, renewed on 26 December 2025, is AED 80,000 a year: a gross yield of 8.5% on the 2008 price, before the service charge of about AED 17,400 a year.

Sales and rents for 516 over time

Sales
Unit 516, 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, September 2008: AED 940,000 (AED 1,224 per sqft)Sold, September 2008: AED 1,280,000 (AED 1,667 per sqft)

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

Rents
Unit 516, each contractTypical one-bed in Al Alka 3
50K75K2012201620202024Typical 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, August 2013: AED 67,000 a yearNew contract, August 2014: AED 80,000 a yearRenewal, August 2015: AED 86,000 a yearRenewal, August 2016: AED 86,000 a yearRenewal, August 2017: AED 85,000 a yearNew contract, July 2018: AED 63,000 a yearRenewal, July 2019: AED 62,000 a yearRenewal, July 2020: AED 43,000 a yearRenewal, July 2021: AED 43,000 a yearNew contract, August 2022: AED 55,000 a yearRenewal, August 2023: AED 60,500 a yearNew contract, December 2024: AED 75,000 a yearRenewal, December 2025: AED 80,000 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 516 sits

All 65 1-beds →

516 last sold in September 2008 at AED 1,224 per sqft, in line with what one-beds in Al Alka 3 were fetching at the time (AED 1,230). 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. 516's AED 80,000 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 5th floor

All 117 units in Al Alka 3
Value
5151-bedAED 1.06M · Apr 2017
5172-bedAED 1.62M · Feb 2025
5182-bedAED 2.14M · Jun 2026
5192-bedAED 2.15M · Jun 2025

516, Al Alka 3 in numbers

  • Sold twice: first on 3 September 2008 for AED 1,280,000, last on 3 September 2008 for AED 940,000 (AED 1,224 per sqft).
  • Rented since August 2013 on 13 Ejari contracts. The rent fell from AED 67,000 to AED 43,000 in 2021 and recovered to AED 80,000 by December 2025.
  • At AED 80,000 a year the gross yield on the 2008 price is 8.5%, before a service charge of about AED 17,400 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 26 December 2025.

Questions about 516, Al Alka 3

What did unit 516 last sell for?

AED 940,000 on 3 September 2008, sold by the developer: AED 1,224 per sqft for 768 sqft. The unit has 2 registered sales; the first was AED 1,280,000 in September 2008.

What is the rent for unit 516?

AED 80,000 a year on the contract renewed on 26 December 2025. The previous contract, from December 2024, was AED 75,000; the unit has been rented since August 2013.

How big is unit 516?

768 sqft (71.3 sqm): a one-bedroom apartment on the 5th floor of a 41-storey tower.

What is unit 516 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 516, Al Alka 3

Starts from the last sale price (AED 940K, 3 September 2008). Switch to today's estimate once you have unlocked it.
Price
AED 940,000
Deposit, UAE resident (20%)
AED 188,000
Deposit, non-resident (40%)
AED 376,000
Monthly over 25 years at 3.7%
AED 3,846

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