1-bed · 991 sqftAl Alka 3, The Greens · Ground floor

G15, Al Alka 3

Sold prices and rental history: sold 3 times, last in August 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit G15 · DLD and Ejari recordsUpdated 1 August 2024
Last soldAED 1.2M1 August 2024
Current rentAED 50K /yr31 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for G15, Al Alka 3

What is G15 worth today?

Last sold for AED 1,200,000 in 2024

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1 Aug 2024SoldReady
AED 1,200,000AED 1,211 per sqft
31 Oct 2022RentedRenewal
AED 50,400/yr12 months · AED 51 per sqft
31 Oct 2021RentedRenewal
AED 42,000/yr12 months · AED 42 per sqft
1 Nov 2020RentedNew contract
AED 41,111/yr12 months · AED 42 per sqft
15 Oct 2018RentedNew contract
AED 60,000/yr12 months · AED 61 per sqft
23 Sep 2017RentedNew contract
AED 70,000/yr12 months · AED 71 per sqft
1 Dec 2013RentedNew contract
AED 80,000/yr12 months · AED 81 per sqft
25 May 2009Sold by developerReady
AED 500,000AED 504 per sqft

Source: Dubai Land Department. Updated 1 August 2024.

Key facts

Type
1-bed apartment
Size
991 sqft
Floor
Ground of 41
Parking
153
Service charge
AED 22,400 /yr
Last sold
AED 1.2M · August 2024
Building
Al Alka 3

About G15, Al Alka 3

G15 is a one-bedroom apartment of 991 sqft on the ground floor of Al Alka 3, a 41-storey tower in The Greens. It last sold on 1 August 2024 for AED 1,200,000, or AED 1,211 per sqft, 9% below the AED 1,332 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, renewed on 31 October 2022, is AED 50,400 a year: a gross yield of 4.2% on the 2024 price, before the service charge of about AED 22,400 a year.

Sales and rents for G15 over time

Sales
Unit G15, 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, May 2009: AED 500,000 (AED 504 per sqft)Sold, May 2009: AED 808,577 (AED 816 per sqft)Sold, August 2024: AED 1,200,000 (AED 1,211 per sqft)

G15 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit G15, 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, December 2013: AED 80,000 a yearNew contract, September 2017: AED 70,000 a yearNew contract, October 2018: AED 60,000 a yearNew contract, November 2020: AED 41,111 a yearRenewal, October 2021: AED 42,000 a yearRenewal, October 2022: AED 50,400 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 G15 sits

All 65 1-beds →

G15 last sold in August 2024 at AED 1,211 per sqft, 9% below what one-beds in Al Alka 3 were fetching at the time (AED 1,332). 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. G15's AED 50,400 is at the bottom 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 ground floor

All 117 units in Al Alka 3
Value
G011-bedAED 1.03M · Jun 2013
G021-bedAED 1.25M · Nov 2024
G031-bedAED 979K · Oct 2010
G041-bedAED 496K · Feb 2010
G052-bedAED 3.1M · Apr 2026
G061-bedAED 437K · Aug 2010
G071-bedAED 1.41M · Oct 2024
1–7 of 17

G15, Al Alka 3 in numbers

  • Sold 3 times: first on 25 May 2009 for AED 808,577, last on 1 August 2024 for AED 1,200,000 (AED 1,211 per sqft).
  • Rented since December 2013 on 6 Ejari contracts. The rent fell from AED 80,000 to AED 41,111 in 2020 and recovered to AED 50,400 by October 2022.
  • At AED 50,400 a year the gross yield on the 2024 price is 4.2%, before a service charge of about AED 22,400 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 1 August 2024.

Questions about G15, Al Alka 3

What did unit G15 last sell for?

AED 1,200,000 on 1 August 2024: AED 1,211 per sqft for 991 sqft. The unit has 3 registered sales; the first was AED 808,577 in May 2009.

What is the rent for unit G15?

AED 50,400 a year on the contract renewed on 31 October 2022. The previous contract, from October 2021, was AED 42,000; the unit has been rented since December 2013.

How big is unit G15?

991 sqft (92.1 sqm): a one-bedroom apartment on the ground floor of a 41-storey tower.

What is unit G15 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 G15, Al Alka 3

Starts from the last sale price (AED 1.2M, 1 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,200,000
Deposit, UAE resident (20%)
AED 240,000
Deposit, non-resident (40%)
AED 480,000
Monthly over 25 years at 3.7%
AED 4,910

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