1-bed · 739 sqftAl Arta 4, The Greens · 4th floor

408, Al Arta 4

Sold prices and rental history: sold once, by the developer in February 2015, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 408 · DLD and Ejari recordsUpdated 1 May 2022
Last soldAED 412K11 February 2015
Current rentAED 50K /yr1 May 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 408, Al Arta 4

What is 408 worth today?

Last sold for AED 411,800 in 2015

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1 May 2022RentedNew contract
AED 50,000/yr12 months · AED 67 per sqft
7 Oct 2021RentedNew contract
AED 24,000/yr12 months · AED 32 per sqft
14 Jul 2020RentedNew contract
AED 59,318/yr12 months · AED 80 per sqft
4 Jul 2017RentedNew contract
AED 74,000/yr12 months · AED 100 per sqft
16 Feb 2015RentedNew contract
AED 80,000/yr12 months · AED 108 per sqft
11 Feb 2015Sold by developerReady
AED 411,800AED 556 per sqft

Source: Dubai Land Department. Updated 1 May 2022.

Key facts

Type
1-bed apartment
Size
739 sqft
Floor
4th of 7
Parking
220
Service charge
AED 11,400 /yr
Last sold
AED 412K · February 2015
Building
Al Arta 4

About 408, Al Arta 4

408 is a one-bedroom apartment of 739 sqft on the 4th floor of Al Arta 4, a 7-storey tower in The Greens. The developer sold it on 11 February 2015 for AED 411,800, or AED 556 per sqft, 65% below the AED 1,593 one-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, signed on 1 May 2022, is AED 50,000 a year: a gross yield of 12.1% on the 2015 price, before the service charge of about AED 11,400 a year.

Sales and rents for 408 over time

Sales
Unit 408, each saleTypical one-bed in Al Arta 4
500K1M20072012201720222027Typical sale price by year: 2007 AED 387,800; 2008 AED 745,000; 2009 AED 452,800; 2010 AED 450,800; 2011 AED 520,000; 2012 AED 680,000; 2013 AED 950,000; 2014 AED 1,250,000; 2015 AED 1,000,000; 2016 AED 925,000; 2017 AED 1,000,000; 2019 AED 486,821; 2020 AED 610,000; 2021 AED 830,000; 2022 AED 680,000; 2023 AED 925,000; 2024 AED 1,102,500; 2025 AED 1,225,000; 2026 AED 1,310,000Sold by developer, February 2015: AED 411,800 (AED 556 per sqft)

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

Rents
Unit 408, each contractTypical one-bed in Al Arta 4
50K2012201620202024Typical rent by year: 2012 AED 56,250; 2013 AED 66,000; 2014 AED 80,000; 2015 AED 81,000; 2016 AED 80,000; 2017 AED 75,000; 2018 AED 70,000; 2019 AED 62,500; 2020 AED 50,000; 2021 AED 45,000; 2022 AED 52,000; 2023 AED 60,000; 2024 AED 72,750; 2025 AED 80,000; 2026 AED 80,000New contract, February 2015: AED 80,000 a yearNew contract, July 2017: AED 74,000 a yearNew contract, July 2020: AED 59,318 a yearNew contract, October 2021: AED 24,000 a yearNew contract, May 2022: AED 50,000 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 4, and where 408 sits

All 75 1-beds →

408 last sold in February 2015 at AED 556 per sqft, 65% below what one-beds in Al Arta 4 were fetching at the time (AED 1,593). Over the last 12 months one-beds sold for AED 1,150,000 to 1,640,000, around AED 1,756 per sqft, and rent for AED 66,792 to 135,000 a year. 408's AED 50,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
21 Aug 20261,150,000
17 Aug 20261,450,000
4 Aug 20261,350,000
2 Jul 20261,285,000
8 1-bed sales in the last 12 months

Al Arta 4

Building

108 apartments, 1-bed to 2-bed over 7 floors in The Greens. 10 sold in the last 12 months.

Typical price per sqft
AED 1,739
Typical sale
AED 1.4M
Typical rent
AED 90K /yr
Typical yield
5.8%
Al Arta 4, The Greens: prices, sales and rents →

Other units on the 4th floor

All 108 units in Al Arta 4
Value
4011-bedAED 432K · Aug 2008
4021-bedAED 750K · Oct 2012
4031-bedAED 1.3M · Oct 2014
4041-bedAED 800K · Mar 2022
4052-bedAED 1.4M · Sep 2012
4061-bedAED 835K · Oct 2012
4071-bedAED 950K · Apr 2008
1–7 of 18

408, Al Arta 4 in numbers

  • Sold once: by the developer on 11 February 2015 for AED 411,800, or AED 556 per sqft.
  • Rented since February 2015 on 5 Ejari contracts. The rent fell from AED 80,000 to AED 24,000 in 2021 and recovered to AED 50,000 by May 2022.
  • At AED 50,000 a year the gross yield on the 2015 price is 12.1%, before a service charge of about AED 11,400 a year (AED 15.45 per sqft).
  • One-beds in Al Arta 4 sold for AED 1,150,000–1,640,000 in the 12 months to November 2026; the building's median across all types is AED 1,739 per sqft.

Source: Dubai Land Department. Updated 1 May 2022.

Questions about 408, Al Arta 4

What did unit 408 last sell for?

AED 411,800 on 11 February 2015, sold by the developer: AED 556 per sqft for 739 sqft. It is the only registered sale of the unit.

What is the rent for unit 408?

AED 50,000 a year on the contract signed on 1 May 2022. The previous contract, from October 2021, was AED 24,000; the unit has been rented since February 2015.

How big is unit 408?

739 sqft (68.7 sqm): a one-bedroom apartment on the 4th floor of a 7-storey tower.

What is unit 408 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 4 sold for AED 1,150,000 to 1,640,000 in the last 12 months, around AED 1,756 per sqft.

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Mortgage on 408, Al Arta 4

Starts from the last sale price (AED 412K, 11 February 2015). Switch to today's estimate once you have unlocked it.
Price
AED 411,800
Deposit, UAE resident (20%)
AED 82,360
Deposit, non-resident (40%)
AED 164,720
Monthly over 25 years at 3.7%
AED 1,685

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