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1-bed · 752 sqftAl Arta 2, The Greens · 6th floor

615, Al Arta 2

Sold prices and rental history: sold once, by the developer in August 2007, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 615 · DLD and Ejari recordsUpdated 15 December 2019
Last soldAED 385K7 August 2007
Current rentAED 52K /yr15 December 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 615, Al Arta 2

What is 615 worth today?

Last sold for AED 384,800 in 2007

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15 Dec 2019RentedNew contract
AED 52,000/yr12 months · AED 69 per sqft
1 Oct 2018RentedNew contract
AED 66,000/yr12 months · AED 88 per sqft
1 Oct 2015RentedRenewal
AED 85,000/yr12 months · AED 113 per sqft
1 Oct 2014RentedNew contract
AED 85,000/yr12 months · AED 113 per sqft
7 Aug 2007Sold by developerReady
AED 384,800AED 511 per sqft

Source: Dubai Land Department. Updated 15 December 2019.

Key facts

Type
1-bed apartment
Size
752 sqft
Floor
6th of 7
Parking
439
Service charge
AED 11,600 /yr
Last sold
AED 385K · August 2007
Building
Al Arta 2

About 615, Al Arta 2

615 is a one-bedroom apartment of 752 sqft on the 6th floor of Al Arta 2, a 7-storey tower in The Greens. The developer sold it on 7 August 2007 for AED 384,800, or AED 511 per sqft, 6% above the AED 482 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, signed on 15 December 2019, is AED 52,000 a year: a gross yield of 13.5% on the 2007 price, before the service charge of about AED 11,600 a year.

Sales and rents for 615 over time

Sales
Unit 615, each saleTypical one-bed in Al Arta 2
500K1M20072012201720222027Typical sale price by year: 2007 AED 372,800; 2008 AED 659,200; 2009 AED 830,000; 2010 AED 623,000; 2011 AED 610,000; 2012 AED 705,000; 2013 AED 411,300; 2014 AED 1,157,500; 2015 AED 1,070,000; 2016 AED 1,060,000; 2017 AED 1,000,000; 2020 AED 565,000; 2022 AED 700,000; 2023 AED 900,000; 2024 AED 1,175,000; 2025 AED 1,275,000; 2026 AED 1,300,000Sold by developer, August 2007: AED 384,800 (AED 511 per sqft)

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

Rents
Unit 615, each contractTypical one-bed in Al Arta 2
40K60K80K2012201620202024Typical rent by year: 2012 AED 55,650; 2013 AED 70,000; 2014 AED 75,000; 2015 AED 83,000; 2016 AED 83,000; 2017 AED 78,375; 2018 AED 69,000; 2019 AED 60,000; 2020 AED 50,000; 2021 AED 45,000; 2022 AED 54,500; 2023 AED 65,000; 2024 AED 75,000; 2025 AED 85,000; 2026 AED 85,000New contract, October 2014: AED 85,000 a yearRenewal, October 2015: AED 85,000 a yearNew contract, October 2018: AED 66,000 a yearNew contract, December 2019: AED 52,000 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 2, and where 615 sits

All 65 1-beds →

615 last sold in August 2007 at AED 511 per sqft, 6% above what one-beds in Al Arta 2 were fetching at the time (AED 482). Over the last 12 months one-beds sold for AED 1,260,000 to 1,300,000, around AED 1,683 per sqft, and rent for AED 68,250 to 125,000 a year. 615's AED 52,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
3 Jun 20261,300,000
10 Apr 20261,260,000
11 Mar 20261,300,000
15 Oct 20251,250,000
3 1-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 6th floor

All 118 units in Al Arta 2
Value
6161-bedAED 850K · Mar 2011
6172-bedAED 1M · Mar 2012
6182-bedAED 2.15M · Jul 2008
6192-bedAED 1.55M · Sep 2017

615, Al Arta 2 in numbers

  • Sold once: by the developer on 7 August 2007 for AED 384,800, or AED 511 per sqft.
  • Rented since October 2014 on 4 Ejari contracts, from AED 85,000 to AED 52,000 a year.
  • At AED 52,000 a year the gross yield on the 2007 price is 13.5%, before a service charge of about AED 11,600 a year (AED 15.45 per sqft).
  • One-beds in Al Arta 2 sold for AED 1,260,000–1,300,000 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 15 December 2019.

Questions about 615, Al Arta 2

What did unit 615 last sell for?

AED 384,800 on 7 August 2007, sold by the developer: AED 511 per sqft for 752 sqft. It is the only registered sale of the unit.

What is the rent for unit 615?

AED 52,000 a year on the contract signed on 15 December 2019. The previous contract, from October 2018, was AED 66,000; the unit has been rented since October 2014.

How big is unit 615?

752 sqft (69.9 sqm): a one-bedroom apartment on the 6th floor of a 7-storey tower.

What is unit 615 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 2 sold for AED 1,260,000 to 1,300,000 in the last 12 months, around AED 1,683 per sqft.

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Mortgage on 615, Al Arta 2

Starts from the last sale price (AED 385K, 7 August 2007). Switch to today's estimate once you have unlocked it.
Price
AED 384,800
Deposit, UAE resident (20%)
AED 76,960
Deposit, non-resident (40%)
AED 153,920
Monthly over 25 years at 3.7%
AED 1,574

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