2-bed · 1,059 sqftAl Arta 3, The Greens · 3rd floor

311, Al Arta 3

Sold prices and rental history: sold 4 times, last in October 2022, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 311 · DLD and Ejari recordsUpdated 7 October 2022
Last soldAED 1.02M7 October 2022
Current rentAED 68K /yr7 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 311, Al Arta 3

What is 311 worth today?

Last sold for AED 1,018,000 in 2022

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7 Oct 2022SoldReady
AED 1,018,000AED 961 per sqft
7 Oct 2022RentedNew contract
AED 68,000/yr5 months · AED 64 per sqft
2 Mar 2022RentedNew contract
AED 68,000/yr12 months · AED 64 per sqft
1 Mar 2021RentedRenewal
AED 60,000/yr12 months · AED 57 per sqft
1 Mar 2020RentedRenewal
AED 68,000/yr12 months · AED 64 per sqft
1 Mar 2019RentedRenewal
AED 80,000/yr12 months · AED 76 per sqft
22 Feb 2017RentedRenewal
AED 114,857/yr12 months · AED 109 per sqft
22 Dec 2015RentedNew contract
AED 114,857/yr14 months · AED 109 per sqft

Source: Dubai Land Department. Updated 7 October 2022.

Key facts

Type
2-bed apartment
Size
1,059 sqft
Floor
3rd of 7
Parking
288
Service charge
AED 16,400 /yr
Last sold
AED 1.02M · October 2022
Building
Al Arta 3

About 311, Al Arta 3

311 is a two-bedroom apartment of 1,059 sqft on the 3rd floor of Al Arta 3, a 7-storey tower in The Greens. It last sold on 7 October 2022 for AED 1,018,000, or AED 961 per sqft, 7% above the AED 896 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, signed on 7 October 2022, is AED 68,000 a year: a gross yield of 6.7% on the 2022 price, before the service charge of about AED 16,400 a year.

Sales and rents for 311 over time

Sales
Unit 311, each saleTypical two-bed in Al Arta 3
1M2M2008201320182023Typical sale price by year: 2008 AED 1,000,000; 2009 AED 514,800; 2010 AED 935,000; 2011 AED 647,800; 2012 AED 1,175,000; 2019 AED 930,000; 2020 AED 867,815; 2022 AED 1,250,000; 2024 AED 1,780,000; 2025 AED 1,930,000Sold by developer, June 2009: AED 507,800 (AED 479 per sqft)Sold, May 2013: AED 1,190,000 (AED 1,123 per sqft)Sold, November 2015: AED 1,275,000 (AED 1,204 per sqft)Sold, October 2022: AED 1,018,000 (AED 961 per sqft)

311 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 311, each contractTypical two-bed in Al Arta 3
50K100K2012201620202024Typical rent by year: 2012 AED 90,000; 2013 AED 95,000; 2014 AED 105,000; 2015 AED 125,000; 2016 AED 125,000; 2017 AED 115,000; 2018 AED 110,000; 2019 AED 95,000; 2020 AED 80,000; 2021 AED 75,000; 2022 AED 88,000; 2023 AED 94,875; 2024 AED 108,900; 2025 AED 130,000; 2026 AED 127,500New contract, June 2013: AED 90,000 a yearNew contract, December 2013: AED 100,000 a yearNew contract, December 2014: AED 105,000 a yearNew contract, December 2015: AED 114,857 a yearRenewal, February 2017: AED 114,857 a yearRenewal, March 2019: AED 80,000 a yearRenewal, March 2020: AED 68,000 a yearRenewal, March 2021: AED 60,000 a yearNew contract, March 2022: AED 68,000 a yearNew contract, October 2022: AED 68,000 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 3, and where 311 sits

All 33 2-beds →

311 last sold in October 2022 at AED 961 per sqft, 7% above what two-beds in Al Arta 3 were fetching at the time (AED 896). Over the last 12 months two-beds sold for AED 2,000,000, around AED 1,502 per sqft, and rent for AED 93,000 to 170,000 a year. 311's AED 68,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
31 Jul 20262,000,000
3 Sep 20252,655,000
18 Jul 20251,717,000
20 Mar 20251,910,000
1 2-bed sale in the last 12 months

Al Arta 3

Building

118 apartments, studios to 2-bed over 7 floors in The Greens. 9 sold in the last 12 months.

Typical price per sqft
AED 1,757
Typical sale
AED 1.3M
Typical rent
AED 85K /yr
Typical yield
5.9%
Al Arta 3, The Greens: prices, sales and rents →

Other units on the 3rd floor

All 118 units in Al Arta 3
Value
3011-bedAED 1.07M · Dec 2023
3021-bedAED 950K · Mar 2012
3031-bedAED 1.3M · Mar 2025
3041-bedAED 900K · Jul 2023
3052-bedAED 725K · Jul 2008
3061-bedAED 387K · Jan 2009
3071-bedAED 673K · Jan 2020
1–7 of 20

311, Al Arta 3 in numbers

  • Sold 4 times: first on 16 June 2009 for AED 507,800, last on 7 October 2022 for AED 1,018,000 (AED 961 per sqft).
  • Rented since June 2013 on 10 Ejari contracts. The rent fell from AED 90,000 to AED 60,000 in 2021 and recovered to AED 68,000 by October 2022.
  • At AED 68,000 a year the gross yield on the 2022 price is 6.7%, before a service charge of about AED 16,400 a year (AED 15.45 per sqft).
  • Two-beds in Al Arta 3 sold for AED 2,000,000–2,000,000 in the 12 months to November 2026; the building's median across all types is AED 1,757 per sqft.

Source: Dubai Land Department. Updated 7 October 2022.

Questions about 311, Al Arta 3

What did unit 311 last sell for?

AED 1,018,000 on 7 October 2022: AED 961 per sqft for 1,059 sqft. The unit has 4 registered sales; the first was AED 507,800 in June 2009.

What is the rent for unit 311?

AED 68,000 a year on the contract signed on 7 October 2022. The previous contract, from March 2022, was AED 68,000; the unit has been rented since June 2013.

How big is unit 311?

1,059 sqft (98.4 sqm): a two-bedroom apartment on the 3rd floor of a 7-storey tower.

What is unit 311 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 3 sold for AED 2,000,000 to 2,000,000 in the last 12 months, around AED 1,502 per sqft.

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Mortgage on 311, Al Arta 3

Starts from the last sale price (AED 1.02M, 7 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,018,000
Deposit, UAE resident (20%)
AED 203,600
Deposit, non-resident (40%)
AED 407,200
Monthly over 25 years at 3.7%
AED 4,165

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