2-bed · 1,438 sqftAl Arta 1, The Greens · 3rd floor

305, Al Arta 1

Sold prices and rental history: sold 3 times, last in April 2021, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 305 · DLD and Ejari recordsUpdated 22 April 2021
Last soldAED 1.3M22 April 2021
Current rentAED 92K /yr10 August 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 305, Al Arta 1

What is 305 worth today?

Last sold for AED 1,300,000 in 2021

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22 Apr 2021SoldReady
AED 1,300,000AED 903 per sqft
10 Aug 2020RentedRenewal
AED 92,308/yr13 months · AED 64 per sqft
10 Aug 2019RentedRenewal
AED 105,000/yr12 months · AED 73 per sqft
10 Aug 2018RentedRenewal
AED 124,000/yr12 months · AED 86 per sqft
10 Aug 2017RentedNew contract
AED 127,000/yr12 months · AED 88 per sqft
12 Jan 2017SoldReady
AED 1,745,000AED 1,213 per sqft
1 Aug 2016RentedRenewal
AED 145,000/yr12 months · AED 101 per sqft
1 Aug 2015RentedNew contract
AED 145,000/yr12 months · AED 101 per sqft

Source: Dubai Land Department. Updated 22 April 2021.

Key facts

Type
2-bed apartment
Size
1,438 sqft
Floor
3rd of 7
Parking
51
Service charge
AED 22,200 /yr
Last sold
AED 1.3M · April 2021
Building
Al Arta 1

About 305, Al Arta 1

305 is a two-bedroom apartment of 1,438 sqft on the 3rd floor of Al Arta 1, a 7-storey tower in The Greens. It last sold on 22 April 2021 for AED 1,300,000, or AED 903 per sqft, 17% above the AED 769 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 10 August 2020, is AED 92,308 a year: a gross yield of 7.1% on the 2021 price, before the service charge of about AED 22,200 a year.

Sales and rents for 305 over time

Sales
Unit 305, each saleTypical two-bed in Al Arta 1
1M2M20072012201720222027Typical sale price by year: 2007 AED 705,900; 2008 AED 1,297,500; 2010 AED 679,300; 2011 AED 850,000; 2012 AED 647,800; 2013 AED 1,331,000; 2014 AED 1,950,000; 2017 AED 1,587,500; 2019 AED 980,000; 2021 AED 1,037,500; 2022 AED 1,182,500; 2023 AED 1,550,000; 2024 AED 1,837,500; 2025 AED 2,075,000; 2026 AED 2,250,000Sold by developer, August 2012: AED 724,800 (AED 503 per sqft)Sold, January 2017: AED 1,745,000 (AED 1,213 per sqft)Sold, April 2021: AED 1,300,000 (AED 903 per sqft)

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

Rents
Unit 305, each contractTypical two-bed in Al Arta 1
100K150K2012201620202024Typical rent by year: 2012 AED 90,000; 2013 AED 100,000; 2014 AED 125,000; 2015 AED 130,000; 2016 AED 125,000; 2017 AED 117,500; 2018 AED 107,500; 2019 AED 91,000; 2020 AED 80,000; 2021 AED 80,000; 2022 AED 89,000; 2023 AED 99,000; 2024 AED 114,253; 2025 AED 122,500; 2026 AED 117,250New contract, July 2013: AED 105,000 a yearNew contract, July 2014: AED 115,000 a yearNew contract, August 2015: AED 145,000 a yearRenewal, August 2016: AED 145,000 a yearNew contract, August 2017: AED 127,000 a yearRenewal, August 2018: AED 124,000 a yearRenewal, August 2019: AED 105,000 a yearRenewal, August 2020: AED 92,308 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 Arta 1, and where 305 sits

All 33 2-beds →

305 last sold in April 2021 at AED 903 per sqft, 17% above what two-beds in Al Arta 1 were fetching at the time (AED 769). Over the last 12 months two-beds sold for AED 2,135,000 to 2,680,000, around AED 1,618 per sqft, and rent for AED 90,000 to 135,000 a year. 305's AED 92,308 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
8 Sep 20262,250,000
14 Jul 20262,680,000
16 Apr 20262,500,000
18 Mar 20262,155,000
5 2-bed sales in the last 12 months

Al Arta 1

Building

108 apartments, 1-bed to 2-bed over 7 floors in The Greens. 8 sold in the last 12 months.

Typical price per sqft
AED 1,591
Typical sale
AED 2.15M
Typical rent
AED 87K /yr
Typical yield
6.5%
Al Arta 1, The Greens: prices, sales and rents →

Other units on the 3rd floor

All 108 units in Al Arta 1
Value
3011-bedAED 1.09M · Oct 2015
3021-bedAED 544K · Nov 2015
3031-bedAED 1.2M · Feb 2024
3041-bedAED 1.1M · Jul 2023
3061-bedAED 1.05M · May 2017
3071-bedAED 1.11M · Nov 2008
3081-bedAED 800K · Feb 2023
1–7 of 18

305, Al Arta 1 in numbers

  • Sold 3 times: first on 16 August 2012 for AED 724,800, last on 22 April 2021 for AED 1,300,000 (AED 903 per sqft).
  • Rented since July 2013 on 8 Ejari contracts, from AED 105,000 to AED 92,308 a year.
  • At AED 92,308 a year the gross yield on the 2021 price is 7.1%, before a service charge of about AED 22,200 a year (AED 15.45 per sqft).
  • Two-beds in Al Arta 1 sold for AED 2,135,000–2,680,000 in the 12 months to November 2026; the building's median across all types is AED 1,591 per sqft.

Source: Dubai Land Department. Updated 22 April 2021.

Questions about 305, Al Arta 1

What did unit 305 last sell for?

AED 1,300,000 on 22 April 2021: AED 903 per sqft for 1,438 sqft. The unit has 3 registered sales; the first was AED 724,800 in August 2012.

What is the rent for unit 305?

AED 92,308 a year on the contract renewed on 10 August 2020. The previous contract, from August 2019, was AED 105,000; the unit has been rented since July 2013.

How big is unit 305?

1,438 sqft (133.6 sqm): a two-bedroom apartment on the 3rd floor of a 7-storey tower.

What is unit 305 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Al Arta 1 sold for AED 2,135,000 to 2,680,000 in the last 12 months, around AED 1,618 per sqft.

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Mortgage on 305, Al Arta 1

Starts from the last sale price (AED 1.3M, 22 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 →