1-bed · 752 sqftAl Arta 4, The Greens · 6th floor

615, Al Arta 4

Sold prices and rental history: sold once, by the developer in October 2009, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 615 · DLD and Ejari recordsUpdated 5 August 2023
Last soldAED 402K7 October 2009
Current rentAED 58K /yr5 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 615, Al Arta 4

What is 615 worth today?

Last sold for AED 401,800 in 2009

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5 Aug 2023RentedRenewal
AED 57,500/yr12 months · AED 76 per sqft
5 Aug 2022RentedNew contract
AED 50,000/yr12 months · AED 66 per sqft
2 Jan 2017RentedNew contract
AED 72,000/yr12 months · AED 96 per sqft
8 Dec 2014RentedNew contract
AED 75,000/yr12 months · AED 100 per sqft
26 Nov 2012RentedNew contract
AED 60,000/yr12 months · AED 80 per sqft
7 Oct 2009Sold by developerReady
AED 401,800AED 534 per sqft

Source: Dubai Land Department. Updated 5 August 2023.

Key facts

Type
1-bed apartment
Size
752 sqft
Floor
6th of 7
Parking
224
Service charge
AED 11,600 /yr
Last sold
AED 402K · October 2009
Building
Al Arta 4

About 615, Al Arta 4

615 is a one-bedroom apartment of 752 sqft on the 6th floor of Al Arta 4, a 7-storey tower in The Greens. The developer sold it on 7 October 2009 for AED 401,800, or AED 534 per sqft, 40% below the AED 891 one-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 5 Ejari contracts. The current contract, renewed on 5 August 2023, is AED 57,500 a year: a gross yield of 14.3% on the 2009 price, before the service charge of about AED 11,600 a year.

Sales and rents for 615 over time

Sales
Unit 615, 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, October 2009: AED 401,800 (AED 534 per sqft)

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

Rents
Unit 615, each contractTypical one-bed in Al Arta 4
40K60K80K2012201620202024Typical 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, November 2012: AED 60,000 a yearNew contract, December 2014: AED 75,000 a yearNew contract, January 2017: AED 72,000 a yearNew contract, August 2022: AED 50,000 a yearRenewal, August 2023: AED 57,500 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 615 sits

All 75 1-beds →

615 last sold in October 2009 at AED 534 per sqft, 40% below what one-beds in Al Arta 4 were fetching at the time (AED 891). 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. 615's AED 57,500 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 6th floor

All 108 units in Al Arta 4
Value
6161-bedAED 402K · Oct 2009
6172-bedAED 1.5M · Jun 2023
6182-bedAED 1.34M · Mar 2023
6192-bedAED 2M · Oct 2024

615, Al Arta 4 in numbers

  • Sold once: by the developer on 7 October 2009 for AED 401,800, or AED 534 per sqft.
  • Rented since November 2012 on 5 Ejari contracts. The rent fell from AED 60,000 to AED 50,000 in 2022 and recovered to AED 57,500 by August 2023.
  • At AED 57,500 a year the gross yield on the 2009 price is 14.3%, before a service charge of about AED 11,600 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 5 August 2023.

Questions about 615, Al Arta 4

What did unit 615 last sell for?

AED 401,800 on 7 October 2009, sold by the developer: AED 534 per sqft for 752 sqft. It is the only registered sale of the unit.

What is the rent for unit 615?

AED 57,500 a year on the contract renewed on 5 August 2023. The previous contract, from August 2022, was AED 50,000; the unit has been rented since November 2012.

How big is unit 615?

752 sqft (69.9 sqm): a one-bedroom apartment on the 6th floor of a 7-storey tower.

What is unit 615 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 615, Al Arta 4

Starts from the last sale price (AED 402K, 7 October 2009). Switch to today's estimate once you have unlocked it.
Price
AED 401,800
Deposit, UAE resident (20%)
AED 80,360
Deposit, non-resident (40%)
AED 160,720
Monthly over 25 years at 3.7%
AED 1,644

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