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2-bed · 1,305 sqftAl Arta 4, The Greens · 5th floor

518, Al Arta 4

Sold prices and rental history: sold twice, last in February 2015, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 518 · DLD and Ejari recordsUpdated 10 October 2022
Last soldAED 1.73M24 February 2015
Current rentAED 125K /yr10 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 518, Al Arta 4

What is 518 worth today?

Last sold for AED 1,725,000 in 2015

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10 Oct 2022RentedNew contract
AED 125,000/yr12 months · AED 96 per sqft
15 Sep 2021RentedRenewal
AED 76,000/yr12 months · AED 58 per sqft
15 Sep 2020RentedNew contract
AED 72,000/yr12 months · AED 55 per sqft
25 Nov 2019RentedNew contract
AED 90,000/yr12 months · AED 69 per sqft
24 Feb 2015SoldReady
AED 1,725,000AED 1,322 per sqft
22 Jan 2015Sold by developerReady
AED 925,000AED 708 per sqft

Source: Dubai Land Department. Updated 10 October 2022.

Key facts

Type
2-bed apartment
Size
1,305 sqft
Floor
5th of 7
Parking
226
Service charge
AED 20,200 /yr
Last sold
AED 1.73M · February 2015
Building
Al Arta 4

About 518, Al Arta 4

518 is a two-bedroom apartment of 1,305 sqft on the 5th floor of Al Arta 4, a 7-storey tower in The Greens. It last sold on 24 February 2015 for AED 1,725,000, or AED 1,322 per sqft, in line with the AED 1,289 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 10 October 2022, is AED 125,000 a year: a gross yield of 7.2% on the 2015 price, before the service charge of about AED 20,200 a year.

Sales and rents for 518 over time

Sales
Unit 518, each saleTypical two-bed in Al Arta 4
1M2M2007201220172022Typical sale price by year: 2007 AED 657,400; 2008 AED 1,342,500; 2009 AED 831,900; 2010 AED 713,800; 2011 AED 800,000; 2012 AED 1,125,000; 2013 AED 1,300,000; 2014 AED 1,800,000; 2015 AED 1,465,000; 2023 AED 1,340,000Sold by developer, January 2015: AED 925,000 (AED 708 per sqft)Sold, February 2015: AED 1,725,000 (AED 1,322 per sqft)

518 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 518, each contractTypical two-bed in Al Arta 4
100K2012201620202024Typical rent by year: 2012 AED 94,500; 2013 AED 95,000; 2014 AED 119,000; 2015 AED 125,000; 2016 AED 128,050; 2017 AED 120,500; 2018 AED 105,000; 2019 AED 90,000; 2020 AED 75,000; 2021 AED 80,000; 2022 AED 86,125; 2023 AED 99,000; 2024 AED 125,000; 2025 AED 125,000; 2026 AED 128,000New contract, November 2019: AED 90,000 a yearNew contract, September 2020: AED 72,000 a yearRenewal, September 2021: AED 76,000 a yearNew contract, October 2022: AED 125,000 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 4, and where 518 sits

All 33 2-beds →

518 last sold in February 2015 at AED 1,322 per sqft, in line with what two-beds in Al Arta 4 were fetching at the time (AED 1,289). Over the last 12 months two-beds sold for AED 1,810,000 to 2,315,000, around AED 1,587 per sqft, and rent for AED 114,400 to 175,000 a year. 518's AED 125,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
16 Oct 20261,810,000
26 Mar 20262,315,000
31 Oct 20252,200,000
1 Oct 20242,000,000
2 2-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 5th floor

All 108 units in Al Arta 4
Value
5151-bedAED 950K · Jan 2024
5161-bedAED 795K · Oct 2022
5172-bedAED 1.81M · Oct 2026
5192-bedAED 1.5M · May 2013

518, Al Arta 4 in numbers

  • Sold twice: first on 22 January 2015 for AED 925,000, last on 24 February 2015 for AED 1,725,000 (AED 1,322 per sqft).
  • Rented since November 2019 on 4 Ejari contracts. The rent fell from AED 90,000 to AED 72,000 in 2020 and recovered to AED 125,000 by October 2022.
  • At AED 125,000 a year the gross yield on the 2015 price is 7.2%, before a service charge of about AED 20,200 a year (AED 15.45 per sqft).
  • Two-beds in Al Arta 4 sold for AED 1,810,000–2,315,000 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 10 October 2022.

Questions about 518, Al Arta 4

What did unit 518 last sell for?

AED 1,725,000 on 24 February 2015: AED 1,322 per sqft for 1,305 sqft. The unit has 2 registered sales; the first was AED 925,000 in January 2015.

What is the rent for unit 518?

AED 125,000 a year on the contract signed on 10 October 2022. The previous contract, from September 2021, was AED 76,000; the unit has been rented since November 2019.

How big is unit 518?

1,305 sqft (121.2 sqm): a two-bedroom apartment on the 5th floor of a 7-storey tower.

What is unit 518 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 4 sold for AED 1,810,000 to 2,315,000 in the last 12 months, around AED 1,587 per sqft.

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Mortgage on 518, Al Arta 4

Starts from the last sale price (AED 1.73M, 24 February 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,725,000
Deposit, UAE resident (20%)
AED 345,000
Deposit, non-resident (40%)
AED 690,000
Monthly over 25 years at 3.7%
AED 7,058

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