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2-bed · 1,305 sqftAl Arta 2, The Greens · 5th floor

518, Al Arta 2

Sold prices and rental history: sold twice, last in March 2019, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 518 · DLD and Ejari recordsUpdated 25 March 2019
Last soldAED 1.18M25 March 2019
Current rentAED 110K /yr6 February 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 518, Al Arta 2

What is 518 worth today?

Last sold for AED 1,180,000 in 2019

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25 Mar 2019SoldReady
AED 1,180,000AED 904 per sqft
6 Feb 2018RentedRenewal
AED 110,000/yr12 months · AED 84 per sqft
6 Mar 2017RentedRenewal
AED 141,818/yr11 months · AED 109 per sqft
6 Mar 2016RentedNew contract
AED 119,000/yr12 months · AED 91 per sqft
7 Feb 2015RentedNew contract
AED 130,000/yr12 months · AED 100 per sqft
25 Jan 2014RentedNew contract
AED 140,000/yr12 months · AED 107 per sqft
22 Nov 2012RentedNew contract
AED 110,000/yr12 months · AED 84 per sqft
30 Jul 2007Sold by developerReady
AED 1,000,000AED 766 per sqft

Source: Dubai Land Department. Updated 25 March 2019.

Key facts

Type
2-bed apartment
Size
1,305 sqft
Floor
5th of 7
Parking
441
Service charge
AED 20,200 /yr
Last sold
AED 1.18M · March 2019
Building
Al Arta 2

About 518, Al Arta 2

518 is a two-bedroom apartment of 1,305 sqft on the 5th floor of Al Arta 2, a 7-storey tower in The Greens. It last sold on 25 March 2019 for AED 1,180,000, or AED 904 per sqft.

It has been rented continuously since 2012 on 6 Ejari contracts. The current contract, renewed on 6 February 2018, is AED 110,000 a year: a gross yield of 9.3% on the 2019 price, before the service charge of about AED 20,200 a year.

Sales and rents for 518 over time

Sales
Unit 518, each saleTypical two-bed in Al Arta 2
1M2M2007201220172022Typical sale price by year: 2007 AED 579,800; 2008 AED 1,512,195; 2009 AED 595,800; 2010 AED 800,000; 2012 AED 950,000; 2017 AED 1,550,000; 2019 AED 1,104,500; 2020 AED 918,284; 2021 AED 1,149,095; 2022 AED 1,232,500; 2023 AED 1,470,000; 2024 AED 1,732,590; 2025 AED 2,225,000Sold by developer, July 2007: AED 1,000,000 (AED 766 per sqft)Sold, March 2019: AED 1,180,000 (AED 904 per sqft)

518 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 518, each contractTypical two-bed in Al Arta 2
100K150K2012201620202024Typical rent by year: 2012 AED 97,500; 2013 AED 105,000; 2014 AED 125,000; 2015 AED 125,000; 2016 AED 120,000; 2017 AED 125,000; 2018 AED 110,000; 2019 AED 96,000; 2020 AED 84,000; 2021 AED 78,000; 2022 AED 84,000; 2023 AED 101,100; 2024 AED 115,940; 2025 AED 120,000; 2026 AED 120,750New contract, November 2012: AED 110,000 a yearNew contract, January 2014: AED 140,000 a yearNew contract, February 2015: AED 130,000 a yearNew contract, March 2016: AED 119,000 a yearRenewal, March 2017: AED 141,818 a yearRenewal, February 2018: AED 110,000 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 2, and where 518 sits

All 33 2-beds →

Over the last 12 months two-beds sold for AED 2,000,000 to 2,225,000, around AED 1,558 per sqft, and rent for AED 110,000 to 190,000 a year. 518's AED 110,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
12 Oct 20262,075,000
8 Jun 20262,000,000
29 Dec 20252,225,000
6 May 20252,155,000
3 2-bed sales in the last 12 months

Al Arta 2

Building

118 apartments, studios to 2-bed over 7 floors in The Greens. 6 sold in the last 12 months.

Typical price per sqft
AED 1,654
Typical sale
AED 1.65M
Typical rent
AED 82K /yr
Typical yield
6.7%
Al Arta 2, The Greens: prices, sales and rents →

Other units on the 5th floor

All 118 units in Al Arta 2
Value
5151-bedAED 700K · May 2022
5161-bedAED 490K · Oct 2011
5172-bedAED 1.08M · Jan 2023
5192-bedAED 1.77M · Oct 2024

518, Al Arta 2 in numbers

  • Sold twice: first on 30 July 2007 for AED 1,000,000, last on 25 March 2019 for AED 1,180,000 (AED 904 per sqft).
  • Rented since November 2012 on 6 Ejari contracts, at AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2019 price is 9.3%, before a service charge of about AED 20,200 a year (AED 15.45 per sqft).
  • Two-beds in Al Arta 2 sold for AED 2,000,000–2,225,000 in the 12 months to November 2026; the building's median across all types is AED 1,654 per sqft.

Source: Dubai Land Department. Updated 25 March 2019.

Questions about 518, Al Arta 2

What did unit 518 last sell for?

AED 1,180,000 on 25 March 2019: AED 904 per sqft for 1,305 sqft. The unit has 2 registered sales; the first was AED 1,000,000 in July 2007.

What is the rent for unit 518?

AED 110,000 a year on the contract renewed on 6 February 2018. The previous contract, from March 2017, was AED 141,818; the unit has been rented since November 2012.

How big is unit 518?

1,305 sqft (121.2 sqm): a two-bedroom apartment on the 5th floor of a 7-storey tower.

What is unit 518 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 2 sold for AED 2,000,000 to 2,225,000 in the last 12 months, around AED 1,558 per sqft.

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Mortgage on 518, Al Arta 2

Starts from the last sale price (AED 1.18M, 25 March 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,180,000
Deposit, UAE resident (20%)
AED 236,000
Deposit, non-resident (40%)
AED 472,000
Monthly over 25 years at 3.7%
AED 4,828

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