1-bed · 961 sqftAl Arta 3, The Greens · Ground floor

G16, Al Arta 3

Sold prices and rental history: sold 3 times, last in January 2012, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit G16 · DLD and Ejari recordsUpdated 15 September 2022
Last soldAED 625K31 January 2012
Current rentAED 46K /yr15 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for G16, Al Arta 3

What is G16 worth today?

Last sold for AED 625,000 in 2012

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15 Sep 2022RentedRenewal
AED 46,000/yr12 months · AED 48 per sqft
15 Sep 2021RentedRenewal
AED 38,000/yr12 months · AED 40 per sqft
15 Sep 2020RentedRenewal
AED 38,000/yr12 months · AED 40 per sqft
15 Sep 2019RentedNew contract
AED 57,000/yr12 months · AED 59 per sqft
31 Jan 2012SoldReady
AED 625,000AED 650 per sqft
15 Aug 2011SoldReady
AED 495,000AED 515 per sqft
13 Apr 2011Sold by developerReady
AED 785,000AED 816 per sqft

Source: Dubai Land Department. Updated 15 September 2022.

Key facts

Type
1-bed apartment
Size
961 sqft
Floor
Ground of 7
Parking
265
Service charge
AED 14,800 /yr
Last sold
AED 625K · January 2012
Building
Al Arta 3

About G16, Al Arta 3

G16 is a one-bedroom apartment of 961 sqft on the ground floor of Al Arta 3, a 7-storey tower in The Greens. It last sold on 31 January 2012 for AED 625,000, or AED 650 per sqft, in line with the AED 643 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 15 September 2022, is AED 46,000 a year: a gross yield of 7.4% on the 2012 price, before the service charge of about AED 14,800 a year.

Sales and rents for G16 over time

Sales
Unit G16, 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, April 2011: AED 785,000 (AED 816 per sqft)Sold, August 2011: AED 495,000 (AED 515 per sqft)Sold, January 2012: AED 625,000 (AED 650 per sqft)

G16 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit G16, each contractTypical one-bed in Al Arta 3
50K75K2012201620202024Typical 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, September 2019: AED 57,000 a yearRenewal, September 2020: AED 38,000 a yearRenewal, September 2021: AED 38,000 a yearRenewal, September 2022: AED 46,000 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 3, and where G16 sits

All 65 1-beds →

G16 last sold in January 2012 at AED 650 per sqft, in line with what one-beds in Al Arta 3 were fetching at the time (AED 643). 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. G16's AED 46,000 is at the bottom 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 ground floor

All 118 units in Al Arta 3
Value
G011-bedAED 850K · Mar 2022
G021-bedAED 1.1M · Feb 2017
G031-bedAED 1.2M · May 2024
G041-bedAED 700K · Feb 2012
G052-bedAED 2.1M · Jun 2016
G061-bedAED 700K · Jun 2012
G071-bedAED 178K · Nov 2008
1–7 of 18

G16, Al Arta 3 in numbers

  • Sold 3 times: first on 13 April 2011 for AED 785,000, last on 31 January 2012 for AED 625,000 (AED 650 per sqft).
  • Rented since September 2019 on 4 Ejari contracts. The rent fell from AED 57,000 to AED 38,000 in 2021 and recovered to AED 46,000 by September 2022.
  • At AED 46,000 a year the gross yield on the 2012 price is 7.4%, before a service charge of about AED 14,800 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 15 September 2022.

Questions about G16, Al Arta 3

What did unit G16 last sell for?

AED 625,000 on 31 January 2012: AED 650 per sqft for 961 sqft. The unit has 3 registered sales; the first was AED 785,000 in April 2011.

What is the rent for unit G16?

AED 46,000 a year on the contract renewed on 15 September 2022. The previous contract, from September 2021, was AED 38,000; the unit has been rented since September 2019.

How big is unit G16?

961 sqft (89.3 sqm): a one-bedroom apartment on the ground floor of a 7-storey tower.

What is unit G16 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 G16, Al Arta 3

Starts from the last sale price (AED 625K, 31 January 2012). Switch to today's estimate once you have unlocked it.
Price
AED 625,000
Deposit, UAE resident (20%)
AED 125,000
Deposit, non-resident (40%)
AED 250,000
Monthly over 25 years at 3.7%
AED 2,557

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