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2-bed · 1,286 sqftAl Alka 3, The Greens · 6th floor

618, Al Alka 3

Sold prices and rental history: sold 7 times, last in April 2021, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 618 · DLD and Ejari recordsUpdated 4 April 2021
Last soldAED 1.3M4 April 2021
Current rentAED 115K /yr4 September 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 618, Al Alka 3

What is 618 worth today?

Last sold for AED 1,300,000 in 2021

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4 Apr 2021SoldReady
AED 1,300,000AED 1,010 per sqft
10 Feb 2020SoldReady
AED 1,050,000AED 816 per sqft
4 Sep 2017RentedNew contract
AED 115,000/yr12 months · AED 90 per sqft
28 Mar 2016RentedRenewal
AED 110,000/yr12 months · AED 86 per sqft
28 Mar 2015RentedNew contract
AED 125,000/yr12 months · AED 98 per sqft
28 Oct 2012RentedNew contract
AED 102,000/yr12 months · AED 80 per sqft
18 Sep 2012SoldReady
AED 1,350,000AED 1,049 per sqft
12 Jul 2012SoldReady
AED 1,230,000AED 956 per sqft

Source: Dubai Land Department. Updated 4 April 2021.

Key facts

Type
2-bed apartment
Size
1,286 sqft
Floor
6th of 41
Parking
B-216
Service charge
AED 29,100 /yr
Last sold
AED 1.3M · April 2021
Building
Al Alka 3

About 618, Al Alka 3

618 is a two-bedroom apartment of 1,286 sqft on the 6th floor of Al Alka 3, a 41-storey tower in The Greens. It last sold on 4 April 2021 for AED 1,300,000, or AED 1,010 per sqft.

It has been rented continuously since 2012 on 4 Ejari contracts. The current contract, signed on 4 September 2017, is AED 115,000 a year: a gross yield of 8.8% on the 2021 price, before the service charge of about AED 29,100 a year.

Sales and rents for 618 over time

Sales
Unit 618, 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 1,900,000 (AED 1,477 per sqft)Sold, July 2008: AED 1,290,499 (AED 1,003 per sqft)Sold, October 2010: AED 600,000 (AED 466 per sqft)Sold, July 2012: AED 1,230,000 (AED 956 per sqft)Sold, September 2012: AED 1,350,000 (AED 1,049 per sqft)Sold, February 2020: AED 1,050,000 (AED 816 per sqft)Sold, April 2021: AED 1,300,000 (AED 1,010 per sqft)

618 has sold 7 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 618, 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, October 2012: AED 102,000 a yearNew contract, March 2015: AED 125,000 a yearRenewal, March 2016: AED 110,000 a yearNew contract, September 2017: AED 115,000 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 618 sits

All 33 2-beds →

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. 618's AED 115,000 is in the lower half 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 6th floor

All 117 units in Al Alka 3
Value
6151-bedAED 635K · Jun 2022
6161-bedAED 1.15M · Jun 2014
6172-bedAED 813K · Jul 2014
6192-bedAED 1.68M · May 2023

618, Al Alka 3 in numbers

  • Sold 7 times: first on 20 July 2008 for AED 1,290,499, last on 4 April 2021 for AED 1,300,000 (AED 1,010 per sqft).
  • Rented since October 2012 on 4 Ejari contracts, from AED 102,000 to AED 115,000 a year.
  • At AED 115,000 a year the gross yield on the 2021 price is 8.8%, before a service charge of about AED 29,100 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 4 April 2021.

Questions about 618, Al Alka 3

What did unit 618 last sell for?

AED 1,300,000 on 4 April 2021: AED 1,010 per sqft for 1,286 sqft. The unit has 7 registered sales; the first was AED 1,290,499 in July 2008.

What is the rent for unit 618?

AED 115,000 a year on the contract signed on 4 September 2017. The previous contract, from March 2016, was AED 110,000; the unit has been rented since October 2012.

How big is unit 618?

1,286 sqft (119.5 sqm): a two-bedroom apartment on the 6th floor of a 41-storey tower.

What is unit 618 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 618, Al Alka 3

Starts from the last sale price (AED 1.3M, 4 April 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,300,000
Deposit, UAE resident (20%)
AED 260,000
Deposit, non-resident (40%)
AED 520,000
Monthly over 25 years at 3.7%
AED 5,319

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