516, Al Arta 1
Sold prices and rental history: sold twice, last in November 2020, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 516, Al Arta 1
What is 516 worth today?
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Source: Dubai Land Department. Updated 5 January 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 753 sqft
- Floor
- 5th of 7
- Parking
- 45
- Service charge
- AED 11,600 /yr
- Last sold
- AED 560K · November 2020
- Building
- Al Arta 1
About 516, Al Arta 1
516 is a one-bedroom apartment of 753 sqft on the 5th floor of Al Arta 1, a 7-storey tower in The Greens. It last sold on 15 November 2020 for AED 560,000, or AED 744 per sqft.
It has been rented continuously since 2014 on 9 Ejari contracts. The current contract, renewed on 5 January 2024, is AED 58,550 a year: a gross yield of 10.5% on the 2020 price, before the service charge of about AED 11,600 a year.
Sales and rents for 516 over time
516 has sold twice; the dashed line is the one-bed median of each year in the building.
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 516 sits
All 75 1-beds →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. 516's AED 58,550 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 19 Jun 202619 June 2026 | 805 sqft | 1,200,000 | 1,491 | ||
| 16 Jan 202616 January 2026 | 800 sqft | 1,525,000 | 1,905 | ||
| 18 Dec 202518 December 2025 | 1,087 sqft | 1,400,000 | 1,287 | ||
| 29 Apr 202529 April 2025 | 738 sqft | 1,199,000 | 1,624 |
Al Arta 1
Building108 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%
Other units on the 5th floor
All 108 units in Al Arta 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 515 | 1-bed | 752 sqft | AED 391KAED 390,800 · Jun 2010June 2010 | 40,000 /yr | |
| 517 | 2-bed | 1,156 sqft | AED 1.38MAED 1,375,000 · Aug 2017August 2017 | 135,000 /yr | |
| 518 | 2-bed | 1,305 sqft | AED 1.25MAED 1,250,000 · Jan 2023January 2023 | 115,500 /yr | |
| 519 | 2-bed | 1,331 sqft | AED 2.5MAED 2,500,000 · Apr 2026April 2026 | 115,500 /yr |
516, Al Arta 1 in numbers
- Sold twice: first on 5 November 2008 for AED 615,000, last on 15 November 2020 for AED 560,000 (AED 744 per sqft).
- Rented since March 2014 on 9 Ejari contracts. The rent fell from AED 85,000 to AED 40,000 in 2021 and recovered to AED 58,550 by January 2024.
- At AED 58,550 a year the gross yield on the 2020 price is 10.5%, 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 5 January 2024.
Questions about 516, Al Arta 1
What did unit 516 last sell for?
AED 560,000 on 15 November 2020: AED 744 per sqft for 753 sqft. The unit has 2 registered sales; the first was AED 615,000 in November 2008.
What is the rent for unit 516?
AED 58,550 a year on the contract renewed on 5 January 2024. The previous contract, from January 2024, was AED 58,550; the unit has been rented since March 2014.
How big is unit 516?
753 sqft (70.0 sqm): a one-bedroom apartment on the 5th floor of a 7-storey tower.
What is unit 516 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 516, Al Arta 1
Starts from the last sale price (AED 560K, 15 November 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 560,000
- Deposit, UAE resident (20%)
- AED 112,000
- Deposit, non-resident (40%)
- AED 224,000
- Monthly over 25 years at 3.7%
- AED 2,291
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →