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1-bed · 753 sqftAl Arta 1, The Greens · 6th floor

616, Al Arta 1

Sold prices and rental history: sold once, by the developer in August 2010, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 616 · DLD and Ejari recordsUpdated 27 July 2019
Last soldAED 402K11 August 2010
Current rentAED 60K /yr27 July 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 616, Al Arta 1

What is 616 worth today?

Last sold for AED 401,800 in 2010

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27 Jul 2019RentedRenewal
AED 60,000/yr12 months · AED 80 per sqft
27 Jul 2018RentedNew contract
AED 63,000/yr12 months · AED 84 per sqft
30 Aug 2016RentedRenewal
AED 80,000/yr12 months · AED 106 per sqft
1 Jul 2014RentedNew contract
AED 75,000/yr12 months · AED 100 per sqft
11 Aug 2010Sold by developerReady
AED 401,800AED 533 per sqft

Source: Dubai Land Department. Updated 27 July 2019.

Key facts

Type
1-bed apartment
Size
753 sqft
Floor
6th of 7
Parking
43
Service charge
AED 11,600 /yr
Last sold
AED 402K · August 2010
Building
Al Arta 1

About 616, Al Arta 1

616 is a one-bedroom apartment of 753 sqft on the 6th floor of Al Arta 1, a 7-storey tower in The Greens. The developer sold it on 11 August 2010 for AED 401,800, or AED 533 per sqft, 6% below the AED 567 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, renewed on 27 July 2019, is AED 60,000 a year: a gross yield of 14.9% on the 2010 price, before the service charge of about AED 11,600 a year.

Sales and rents for 616 over time

Sales
Unit 616, 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, August 2010: AED 401,800 (AED 533 per sqft)

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

Rents
Unit 616, 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, July 2014: AED 75,000 a yearRenewal, August 2016: AED 80,000 a yearNew contract, July 2018: AED 63,000 a yearRenewal, July 2019: AED 60,000 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 616 sits

All 75 1-beds →

616 last sold in August 2010 at AED 533 per sqft, 6% below what one-beds in Al Arta 1 were fetching at the time (AED 567). 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. 616's AED 60,000 is in the lower half 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 6th floor

All 108 units in Al Arta 1
Value
6151-bedAED 402K · Aug 2010
6172-bedAED 1.85M · Aug 2024
6182-bedAED 2.68M · Jul 2026
6192-bedAED 2M · Jul 2024

616, Al Arta 1 in numbers

  • Sold once: by the developer on 11 August 2010 for AED 401,800, or AED 533 per sqft.
  • Rented since July 2014 on 4 Ejari contracts, from AED 75,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2010 price is 14.9%, 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 27 July 2019.

Questions about 616, Al Arta 1

What did unit 616 last sell for?

AED 401,800 on 11 August 2010, sold by the developer: AED 533 per sqft for 753 sqft. It is the only registered sale of the unit.

What is the rent for unit 616?

AED 60,000 a year on the contract renewed on 27 July 2019. The previous contract, from July 2018, was AED 63,000; the unit has been rented since July 2014.

How big is unit 616?

753 sqft (70.0 sqm): a one-bedroom apartment on the 6th floor of a 7-storey tower.

What is unit 616 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 616, Al Arta 1

Starts from the last sale price (AED 402K, 11 August 2010). Switch to today's estimate once you have unlocked it.
Price
AED 401,800
Deposit, UAE resident (20%)
AED 80,360
Deposit, non-resident (40%)
AED 160,720
Monthly over 25 years at 3.7%
AED 1,644

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