1-bed · 753 sqftAl Arta 1, The Greens · 7th floor

716, Al Arta 1

Sold prices and rental history: sold 3 times, last in September 2021, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 716 · DLD and Ejari recordsUpdated 28 November 2024
Last soldAED 700K22 September 2021
Current rentAED 115K /yr28 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 716, Al Arta 1

What is 716 worth today?

Last sold for AED 700,000 in 2021

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28 Nov 2024RentedNew contract
AED 115,000/yr12 months · AED 153 per sqft
8 Sep 2023RentedNew contract
AED 110,000/yr12 months · AED 146 per sqft
15 Aug 2022RentedNew contract
AED 72,500/yr12 months · AED 96 per sqft
22 Sep 2021SoldReady
AED 700,000AED 930 per sqft
7 Oct 2019SoldReady
AED 600,000AED 797 per sqft
4 Oct 2017RentedNew contract
AED 70,000/yr12 months · AED 93 per sqft
1 Jun 2015RentedRenewal
AED 75,000/yr12 months · AED 100 per sqft
1 Jun 2014RentedNew contract
AED 75,000/yr12 months · AED 100 per sqft

Source: Dubai Land Department. Updated 28 November 2024.

Key facts

Type
1-bed apartment
Size
753 sqft
Floor
7th of 7
Parking
38
Service charge
AED 11,600 /yr
Last sold
AED 700K · September 2021
Building
Al Arta 1

About 716, Al Arta 1

716 is a one-bedroom apartment of 753 sqft on the 7th floor of Al Arta 1, a 7-storey tower in The Greens. It last sold on 22 September 2021 for AED 700,000, or AED 930 per sqft, 25% above the AED 744 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, signed on 28 November 2024, is AED 115,000 a year: a gross yield of 16.4% on the 2021 price, before the service charge of about AED 11,600 a year.

Sales and rents for 716 over time

Sales
Unit 716, 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, April 2011: AED 411,800 (AED 547 per sqft)Sold, October 2019: AED 600,000 (AED 797 per sqft)Sold, September 2021: AED 700,000 (AED 930 per sqft)

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

Rents
Unit 716, each contractTypical one-bed in Al Arta 1
50K100K2012201620202024Typical 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 2014: AED 75,000 a yearRenewal, June 2015: AED 75,000 a yearNew contract, October 2017: AED 70,000 a yearNew contract, August 2022: AED 72,500 a yearNew contract, September 2023: AED 110,000 a yearNew contract, November 2024: AED 115,000 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 716 sits

All 75 1-beds →

716 last sold in September 2021 at AED 930 per sqft, 25% above what one-beds in Al Arta 1 were fetching at the time (AED 744). 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. 716's AED 115,000 is in the upper 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 7th floor

All 108 units in Al Arta 1
Value
7151-bedAED 420K · Jan 2021
7172-bedAED 1.84M · Apr 2014
7182-bedAED 1.27M · Oct 2022
7192-bedAED 1.13M · Mar 2021

716, Al Arta 1 in numbers

  • Sold 3 times: first on 10 April 2011 for AED 411,800, last on 22 September 2021 for AED 700,000 (AED 930 per sqft).
  • Rented since June 2014 on 6 Ejari contracts, from AED 75,000 to AED 115,000 a year.
  • At AED 115,000 a year the gross yield on the 2021 price is 16.4%, 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 28 November 2024.

Questions about 716, Al Arta 1

What did unit 716 last sell for?

AED 700,000 on 22 September 2021: AED 930 per sqft for 753 sqft. The unit has 3 registered sales; the first was AED 411,800 in April 2011.

What is the rent for unit 716?

AED 115,000 a year on the contract signed on 28 November 2024. The previous contract, from September 2023, was AED 110,000; the unit has been rented since June 2014.

How big is unit 716?

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

What is unit 716 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 716, Al Arta 1

Starts from the last sale price (AED 700K, 22 September 2021). Switch to today's estimate once you have unlocked it.
Price
AED 700,000
Deposit, UAE resident (20%)
AED 140,000
Deposit, non-resident (40%)
AED 280,000
Monthly over 25 years at 3.7%
AED 2,864

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