2-bed · 1,438 sqftAl Arta 1, The Greens · 4th floor

405, Al Arta 1

Sold prices and rental history: sold 5 times, last in June 2022, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 405 · DLD and Ejari recordsUpdated 8 June 2022
Last soldAED 1.43M8 June 2022
Current rentAED 145K /yr27 November 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 405, Al Arta 1

What is 405 worth today?

Last sold for AED 1,430,000 in 2022

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8 Jun 2022SoldReady
AED 1,430,000AED 994 per sqft
9 Jul 2017SoldReady
AED 912,500AED 634 per sqft
27 Nov 2015RentedNew contract
AED 145,000/yr12 months · AED 101 per sqft
22 Sep 2014RentedNew contract
AED 168,000/yr12 months · AED 116 per sqft
9 Dec 2013SoldReady
AED 2,100,000AED 1,460 per sqft
10 Apr 2013SoldReady
AED 1,402,000AED 974 per sqft
5 Aug 2012RentedNew contract
AED 79,000/yr12 months · AED 55 per sqft
23 Jun 2010Sold by developerReady
AED 734,800AED 510 per sqft

Source: Dubai Land Department. Updated 8 June 2022.

Key facts

Type
2-bed apartment
Size
1,438 sqft
Floor
4th of 7
Parking
13
Service charge
AED 22,200 /yr
Last sold
AED 1.43M · June 2022
Building
Al Arta 1

About 405, Al Arta 1

405 is a two-bedroom apartment of 1,438 sqft on the 4th floor of Al Arta 1, a 7-storey tower in The Greens. It last sold on 8 June 2022 for AED 1,430,000, or AED 994 per sqft, 7% above the AED 925 two-beds in the building were fetching at the time.

It has been rented since 2012 on 3 Ejari contracts. The current contract, signed on 27 November 2015, is AED 145,000 a year: a gross yield of 10.1% on the 2022 price, before the service charge of about AED 22,200 a year.

Sales and rents for 405 over time

Sales
Unit 405, 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, June 2010: AED 734,800 (AED 510 per sqft)Sold, April 2013: AED 1,402,000 (AED 974 per sqft)Sold, December 2013: AED 2,100,000 (AED 1,460 per sqft)Sold, July 2017: AED 912,500 (AED 634 per sqft)Sold, June 2022: AED 1,430,000 (AED 994 per sqft)

405 has sold 5 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 405, 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, August 2012: AED 79,000 a yearNew contract, September 2014: AED 168,000 a yearNew contract, November 2015: AED 145,000 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 Arta 1, and where 405 sits

All 33 2-beds →

405 last sold in June 2022 at AED 994 per sqft, 7% above what two-beds in Al Arta 1 were fetching at the time (AED 925). 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. 405's AED 145,000 is at the top 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 4th floor

All 108 units in Al Arta 1
Value
4011-bedAED 1.15M · Jan 2008
4021-bedAED 1.53M · Jan 2026
4031-bedAED 1.13M · Oct 2013
4041-bedAED 1.2M · Jan 2017
4061-bedAED 845K · May 2013
4071-bedAED 1.14M · Aug 2024
4081-bedAED 850K · May 2023
1–7 of 18

405, Al Arta 1 in numbers

  • Sold 5 times: first on 23 June 2010 for AED 734,800, last on 8 June 2022 for AED 1,430,000 (AED 994 per sqft).
  • Rented since August 2012 on 3 Ejari contracts, from AED 79,000 to AED 145,000 a year.
  • At AED 145,000 a year the gross yield on the 2022 price is 10.1%, 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 8 June 2022.

Questions about 405, Al Arta 1

What did unit 405 last sell for?

AED 1,430,000 on 8 June 2022: AED 994 per sqft for 1,438 sqft. The unit has 5 registered sales; the first was AED 734,800 in June 2010.

What is the rent for unit 405?

AED 145,000 a year on the contract signed on 27 November 2015. The previous contract, from September 2014, was AED 168,000; the unit has been rented since August 2012.

How big is unit 405?

1,438 sqft (133.6 sqm): a two-bedroom apartment on the 4th floor of a 7-storey tower.

What is unit 405 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 405, Al Arta 1

Starts from the last sale price (AED 1.43M, 8 June 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,430,000
Deposit, UAE resident (20%)
AED 286,000
Deposit, non-resident (40%)
AED 572,000
Monthly over 25 years at 3.7%
AED 5,851

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