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1-bed · 752 sqftAl Arta 1, The Greens · 5th floor

515, Al Arta 1

Sold prices and rental history: sold once, by the developer in June 2010, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 515 · DLD and Ejari recordsUpdated 1 June 2021
Last soldAED 391K20 June 2010
Current rentAED 40K /yr1 June 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 515, Al Arta 1

What is 515 worth today?

Last sold for AED 390,800 in 2010

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1 Jun 2021RentedNew contract
AED 40,000/yr12 months · AED 53 per sqft
13 Jun 2020RentedRenewal
AED 60,000/yr12 months · AED 80 per sqft
13 Jun 2019RentedNew contract
AED 60,000/yr12 months · AED 80 per sqft
19 Jun 2016RentedNew contract
AED 78,000/yr12 months · AED 104 per sqft
19 Jun 2014RentedNew contract
AED 65,000/yr12 months · AED 86 per sqft
19 Jun 2013RentedNew contract
AED 65,000/yr12 months · AED 86 per sqft
20 Jun 2010Sold by developerReady
AED 390,800AED 519 per sqft

Source: Dubai Land Department. Updated 1 June 2021.

Key facts

Type
1-bed apartment
Size
752 sqft
Floor
5th of 7
Parking
46
Service charge
AED 11,600 /yr
Last sold
AED 391K · June 2010
Building
Al Arta 1

About 515, Al Arta 1

515 is a one-bedroom apartment of 752 sqft on the 5th floor of Al Arta 1, a 7-storey tower in The Greens. The developer sold it on 20 June 2010 for AED 390,800, or AED 519 per sqft, 7% below the AED 559 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, signed on 1 June 2021, is AED 40,000 a year: a gross yield of 10.2% on the 2010 price, before the service charge of about AED 11,600 a year.

Sales and rents for 515 over time

Sales
Unit 515, each saleTypical one-bed in Al Arta 1
500K1M2007201220172022Typical sale price by year: 2007 AED 423,800; 2008 AED 615,000; 2009 AED 741,600; 2010 AED 434,800; 2011 AED 500,000; 2012 AED 747,500; 2013 AED 800,000; 2014 AED 1,230,000; 2015 AED 1,060,000; 2016 AED 1,020,000; 2017 AED 1,035,000; 2019 AED 664,200; 2021 AED 580,000; 2022 AED 780,000; 2023 AED 850,000; 2024 AED 1,144,500; 2025 AED 1,250,000Sold by developer, June 2010: AED 390,800 (AED 519 per sqft)

515 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 515, each contractTypical one-bed in Al Arta 1
40K60K80K2012201620202024Typical rent by year: 2012 AED 61,000; 2013 AED 66,423; 2014 AED 73,500; 2015 AED 81,000; 2016 AED 83,500; 2017 AED 80,000; 2018 AED 68,500; 2019 AED 60,000; 2020 AED 48,000; 2021 AED 45,000; 2022 AED 54,000; 2023 AED 63,800; 2024 AED 79,500; 2025 AED 82,500; 2026 AED 82,000New contract, June 2013: AED 65,000 a yearNew contract, June 2014: AED 65,000 a yearNew contract, June 2016: AED 78,000 a yearNew contract, June 2019: AED 60,000 a yearRenewal, June 2020: AED 60,000 a yearNew contract, June 2021: AED 40,000 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 Arta 1, and where 515 sits

All 75 1-beds →

515 last sold in June 2010 at AED 519 per sqft, 7% below what one-beds in Al Arta 1 were fetching at the time (AED 559). Over the last 12 months one-beds sold for AED 1,200,000 to 1,525,000, around AED 1,491 per sqft, and rent for AED 56,100 to 144,000 a year. 515's AED 40,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
19 Jun 20261,200,000
16 Jan 20261,525,000
18 Dec 20251,400,000
29 Apr 20251,199,000
3 1-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 5th floor

All 108 units in Al Arta 1
Value
5161-bedAED 560K · Nov 2020
5172-bedAED 1.38M · Aug 2017
5182-bedAED 1.25M · Jan 2023
5192-bedAED 2.5M · Apr 2026

515, Al Arta 1 in numbers

  • Sold once: by the developer on 20 June 2010 for AED 390,800, or AED 519 per sqft.
  • Rented since June 2013 on 6 Ejari contracts, from AED 65,000 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2010 price is 10.2%, before a service charge of about AED 11,600 a year (AED 15.45 per sqft).
  • One-beds in Al Arta 1 sold for AED 1,200,000–1,525,000 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 1 June 2021.

Questions about 515, Al Arta 1

What did unit 515 last sell for?

AED 390,800 on 20 June 2010, sold by the developer: AED 519 per sqft for 752 sqft. It is the only registered sale of the unit.

What is the rent for unit 515?

AED 40,000 a year on the contract signed on 1 June 2021. The previous contract, from June 2020, was AED 60,000; the unit has been rented since June 2013.

How big is unit 515?

752 sqft (69.9 sqm): a one-bedroom apartment on the 5th floor of a 7-storey tower.

What is unit 515 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Al Arta 1 sold for AED 1,200,000 to 1,525,000 in the last 12 months, around AED 1,491 per sqft.

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Mortgage on 515, Al Arta 1

Starts from the last sale price (AED 391K, 20 June 2010). Switch to today's estimate once you have unlocked it.
Price
AED 390,800
Deposit, UAE resident (20%)
AED 78,160
Deposit, non-resident (40%)
AED 156,320
Monthly over 25 years at 3.7%
AED 1,599

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