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1-bed · 753 sqftAl Arta 3, The Greens · 7th floor

716, Al Arta 3

Sold prices and rental history: sold 4 times, last in August 2022, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 716 · DLD and Ejari recordsUpdated 16 January 2024
Last soldAED 74K29 August 2022
Current rentAED 76K /yr16 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 716, Al Arta 3

What is 716 worth today?

Last sold for AED 73,974 in 2022

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16 Jan 2024RentedRenewal
AED 75,900/yr12 months · AED 101 per sqft
16 Jan 2023RentedNew contract
AED 69,000/yr12 months · AED 92 per sqft
29 Aug 2022SoldReady · flagged as an outlier
AED 73,974AED 98 per sqft
22 Nov 2018SoldReady
AED 376,252AED 500 per sqft
5 Jan 2017RentedNew contract
AED 78,000/yr12 months · AED 104 per sqft
10 May 2016SoldReady
AED 875,000AED 1,162 per sqft
26 Jul 2009Sold by developerReady
AED 411,800AED 547 per sqft

Source: Dubai Land Department. Updated 16 January 2024.

Key facts

Type
1-bed apartment
Size
753 sqft
Floor
7th of 7
Parking
269
Service charge
AED 11,600 /yr
Last sold
AED 74K · August 2022
Building
Al Arta 3

About 716, Al Arta 3

716 is a one-bedroom apartment of 753 sqft on the 7th floor of Al Arta 3, a 7-storey tower in The Greens. It last sold on 29 August 2022 for AED 73,974, or AED 98 per sqft, 90% below the AED 946 one-beds in the building were fetching at the time.

It has been rented since 2017 on 3 Ejari contracts. The current contract, renewed on 16 January 2024, is AED 75,900 a year: a gross yield of 102.6% on the 2022 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 3
500K1M1.5M20072012201720222027Typical sale price by year: 2007 AED 444,800; 2008 AED 620,000; 2009 AED 449,800; 2010 AED 650,000; 2011 AED 502,500; 2012 AED 700,000; 2013 AED 825,000; 2014 AED 1,090,000; 2015 AED 1,045,000; 2016 AED 875,000; 2017 AED 1,060,000; 2018 AED 500,000; 2022 AED 775,000; 2023 AED 880,000; 2024 AED 1,165,000; 2025 AED 1,300,000; 2026 AED 1,437,500Sold by developer, July 2009: AED 411,800 (AED 547 per sqft)Sold, May 2016: AED 875,000 (AED 1,162 per sqft)Sold, November 2018: AED 376,252 (AED 500 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 3
40K60K80K2012201620202024Typical rent by year: 2012 AED 60,000; 2013 AED 66,000; 2014 AED 80,000; 2015 AED 82,000; 2016 AED 83,000; 2017 AED 75,000; 2018 AED 70,000; 2019 AED 60,000; 2020 AED 49,000; 2021 AED 45,000; 2022 AED 54,000; 2023 AED 66,000; 2024 AED 79,429; 2025 AED 80,000; 2026 AED 80,000New contract, January 2017: AED 78,000 a yearNew contract, January 2023: AED 69,000 a yearRenewal, January 2024: AED 75,900 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 3, and where 716 sits

All 65 1-beds →

716 last sold in August 2022 at AED 98 per sqft, 90% below what one-beds in Al Arta 3 were fetching at the time (AED 946). Over the last 12 months one-beds sold for AED 1,175,000 to 1,640,000, around AED 1,791 per sqft, and rent for AED 66,412 to 125,000 a year. 716's AED 75,900 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
19 Jun 20261,175,000
5 Mar 20261,350,000
5 Feb 20261,640,000
14 Jan 20261,525,000
6 1-bed sales 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 7th floor

All 118 units in Al Arta 3
Value
7151-bedAED 550K · Oct 2020
7172-bedAED 582K · Nov 2010
7182-bedAED 1.4M · Apr 2022
7192-bedAED 2.1M · Sep 2014

716, Al Arta 3 in numbers

  • Sold 4 times: first on 26 July 2009 for AED 411,800, last on 29 August 2022 for AED 73,974 (AED 98 per sqft).
  • Rented since January 2017 on 3 Ejari contracts, from AED 78,000 to AED 75,900 a year.
  • At AED 75,900 a year the gross yield on the 2022 price is 102.6%, before a service charge of about AED 11,600 a year (AED 15.45 per sqft).
  • One-beds in Al Arta 3 sold for AED 1,175,000–1,640,000 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 16 January 2024.

Questions about 716, Al Arta 3

What did unit 716 last sell for?

AED 73,974 on 29 August 2022: AED 98 per sqft for 753 sqft. The unit has 4 registered sales; the first was AED 411,800 in July 2009.

What is the rent for unit 716?

AED 75,900 a year on the contract renewed on 16 January 2024. The previous contract, from January 2023, was AED 69,000; the unit has been rented since January 2017.

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 3 sold for AED 1,175,000 to 1,640,000 in the last 12 months, around AED 1,791 per sqft.

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Mortgage on 716, Al Arta 3

Starts from the last sale price (AED 74K, 29 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 73,974
Deposit, UAE resident (20%)
AED 14,795
Deposit, non-resident (40%)
AED 29,590
Monthly over 25 years at 3.7%
AED 303

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