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2-bed · 2,414 sqftAl Alka 3, The Greens · Ground floor

G18, Al Alka 3

Sold prices and rental history: sold twice, last in August 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit G18 · DLD and Ejari recordsUpdated 8 October 2024
Last soldAED 1.8M10 August 2023
Current rentAED 150K /yr8 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for G18, Al Alka 3

What is G18 worth today?

Last sold for AED 1,800,000 in 2023

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8 Oct 2024RentedRenewal
AED 150,000/yr12 months · AED 62 per sqft
8 Oct 2023RentedNew contract
AED 150,000/yr12 months · AED 62 per sqft
10 Aug 2023SoldReady
AED 1,800,000AED 745 per sqft
8 Oct 2022RentedNew contract
AED 115,000/yr12 months · AED 48 per sqft
15 Aug 2020RentedNew contract
AED 80,000/yr12 months · AED 33 per sqft
10 Sep 2018RentedNew contract
AED 109,936/yr17 months · AED 46 per sqft
14 Jan 2018RentedNew contract
AED 120,000/yr6 months · AED 50 per sqft
14 Jul 2014RentedNew contract
AED 120,000/yr12 months · AED 50 per sqft

Source: Dubai Land Department. Updated 8 October 2024.

Key facts

Type
2-bed apartment
Size
2,414 sqft
Floor
Ground of 41
Parking
B-222
Service charge
AED 54,600 /yr
Last sold
AED 1.8M · August 2023
Building
Al Alka 3

About G18, Al Alka 3

G18 is a two-bedroom apartment of 2,414 sqft on the ground floor of Al Alka 3, a 41-storey tower in The Greens. It last sold on 10 August 2023 for AED 1,800,000, or AED 745 per sqft, 36% below the AED 1,172 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, renewed on 8 October 2024, is AED 150,000 a year: a gross yield of 8.3% on the 2023 price, before the service charge of about AED 54,600 a year.

Sales and rents for G18 over time

Sales
Unit G18, 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, August 2010: AED 1,503,888 (AED 622 per sqft)Sold, August 2023: AED 1,800,000 (AED 745 per sqft)

G18 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit G18, each contractTypical two-bed in Al Alka 3
100K150K2012201620202024Typical 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, July 2014: AED 120,000 a yearNew contract, January 2018: AED 120,000 a yearNew contract, September 2018: AED 109,936 a yearNew contract, August 2020: AED 80,000 a yearNew contract, October 2022: AED 115,000 a yearNew contract, October 2023: AED 150,000 a yearRenewal, October 2024: AED 150,000 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 G18 sits

All 33 2-beds →

G18 last sold in August 2023 at AED 745 per sqft, 36% below what two-beds in Al Alka 3 were fetching at the time (AED 1,172). 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. G18's AED 150,000 is in the upper 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 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

G18, Al Alka 3 in numbers

  • Sold twice: first on 2 August 2010 for AED 1,503,888, last on 10 August 2023 for AED 1,800,000 (AED 745 per sqft).
  • Rented since July 2014 on 7 Ejari contracts. The rent fell from AED 120,000 to AED 80,000 in 2020 and recovered to AED 150,000 by October 2024.
  • At AED 150,000 a year the gross yield on the 2023 price is 8.3%, before a service charge of about AED 54,600 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 8 October 2024.

Questions about G18, Al Alka 3

What did unit G18 last sell for?

AED 1,800,000 on 10 August 2023: AED 745 per sqft for 2,414 sqft. The unit has 2 registered sales; the first was AED 1,503,888 in August 2010.

What is the rent for unit G18?

AED 150,000 a year on the contract renewed on 8 October 2024. The previous contract, from October 2023, was AED 150,000; the unit has been rented since July 2014.

How big is unit G18?

2,414 sqft (224.3 sqm): a two-bedroom apartment on the ground floor of a 41-storey tower.

What is unit G18 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 G18, Al Alka 3

Starts from the last sale price (AED 1.8M, 10 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,800,000
Deposit, UAE resident (20%)
AED 360,000
Deposit, non-resident (40%)
AED 720,000
Monthly over 25 years at 3.7%
AED 7,364

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