005, Al Alka 1
Sold prices and rental history: sold twice, last in October 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 005, Al Alka 1
What is 005 worth today?
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Source: Dubai Land Department. Updated 29 October 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 2,320 sqft
- Floor
- Ground of 7
- Parking
- B-1
- Service charge
- AED 52,500 /yr
- Last sold
- AED 2.28M · October 2024
- Building
- Al Alka 1
About 005, Al Alka 1
005 is a two-bedroom apartment of 2,320 sqft on the ground floor of Al Alka 1, a 7-storey tower in The Greens. It last sold on 29 October 2024 for AED 2,280,000, or AED 982 per sqft, 28% below the AED 1,359 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, renewed on 15 June 2024, is AED 130,000 a year: a gross yield of 5.7% on the 2024 price, before the service charge of about AED 52,500 a year.
Sales and rents for 005 over time
005 has sold twice; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Al Alka 1, and where 005 sits
All 33 2-beds →005 last sold in October 2024 at AED 982 per sqft, 28% below what two-beds in Al Alka 1 were fetching at the time (AED 1,359). Over the last 12 months two-beds sold for AED 1,830,000 to 2,275,000, around AED 1,397 per sqft, and rent for AED 125,000 to 165,000 a year. 005's AED 130,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 28 Jan 202628 January 2026 | 1,116 sqft | 1,830,000 | 1,640 | ||
| 18 Dec 202518 December 2025 | 1,970 sqft | 2,275,000 | 1,154 | ||
| 14 Mar 202514 March 2025 | 1,249 sqft | 2,000,000 | 1,601 | ||
| 11 Nov 202411 November 2024 | 1,249 sqft | 1,650,000 | 1,321 |
Al Alka 1
Building118 apartments, studios to 2-bed over 7 floors in The Greens. 8 sold in the last 12 months.
- Typical price per sqft
- AED 1,643
- Typical sale
- AED 1.38M
- Typical rent
- AED 90K /yr
- Typical yield
- 7.4%
Other units on the ground floor
All 118 units in Al Alka 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 001 | 1-bed | 1,061 sqft | AED 1.4MAED 1,400,000 · Dec 2025December 2025 | 160,000 /yr | |
| 002 | 1-bed | 1,077 sqft | AED 1.23MAED 1,225,000 · Sep 2024September 2024 | 69,000 /yr | |
| 003 | 1,077 sqft | AED 1.7MAED 1,700,000 · Nov 2025November 2025 | 105,000 /yr | ||
| 004 | 1-bed | 1,076 sqft | AED 1.18MAED 1,183,600 · Feb 2013February 2013 | 95,000 /yr | |
| 006 | 1-bed | 724 sqft | AED 1.2MAED 1,200,000 · Jun 2024June 2024 | 60,000 /yr | |
| 007 | 1-bed | 724 sqft | AED 1.02MAED 1,015,000 · Oct 2016October 2016 | 66,000 /yr | |
| 008 | 1-bed | 724 sqft | AED 871KAED 871,200 · Feb 2013February 2013 | 73,500 /yr | |
| 009 | 1-bed | 724 sqft | AED 950KAED 950,000 · Jun 2013June 2013 | 75,000 /yr | |
| 010 | 1-bed | 724 sqft | AED 1.02MAED 1,015,000 · Sep 2017September 2017 | 85,000 /yr | |
| 011 | 2-bed | 1,003 sqft | AED 1.45MAED 1,450,000 · Sep 2013September 2013 | 96,800 /yr | |
| 015 | 1-bed | 902 sqft | AED 400KAED 400,000 · Feb 2019February 2019 | 80,000 /yr | |
| 016 | 1-bed | 908 sqft | AED 1.1MAED 1,100,000 · Jul 2025July 2025 | 65,780 /yr | |
| 018 | 2-bed | 2,414 sqft | AED 2.04MAED 2,035,000 · Apr 2017April 2017 | 110,250 /yr | |
| 019 | 2-bed | 1,970 sqft | AED 2.28MAED 2,275,000 · Dec 2025December 2025 | 130,000 /yr | |
| 012A | Studio | 444 sqft | AED 510KAED 510,000 · Jan 2024January 2024 | 64,000 /yr | |
| 012B | Studio | 460 sqft | AED 575KAED 575,000 · Nov 2012November 2012 | 68,000 /yr | |
| 013A | Studio | 460 sqft | AED 780KAED 780,000 · Apr 2015April 2015 | 60,000 /yr | |
| 013B | Studio | 455 sqft | AED 575KAED 575,000 · Nov 2012November 2012 | 55,000 /yr |
005, Al Alka 1 in numbers
- Sold twice: first on 3 April 2013 for AED 2,552,000, last on 29 October 2024 for AED 2,280,000 (AED 982 per sqft).
- Rented since October 2013 on 9 Ejari contracts. The rent fell from AED 187,512 to AED 115,000 in 2021 and recovered to AED 130,000 by June 2024.
- At AED 130,000 a year the gross yield on the 2024 price is 5.7%, before a service charge of about AED 52,500 a year (AED 22.63 per sqft).
- Two-beds in Al Alka 1 sold for AED 1,830,000–2,275,000 in the 12 months to November 2026; the building's median across all types is AED 1,643 per sqft.
Source: Dubai Land Department. Updated 29 October 2024.
Questions about 005, Al Alka 1
What did unit 005 last sell for?
AED 2,280,000 on 29 October 2024: AED 982 per sqft for 2,320 sqft. The unit has 2 registered sales; the first was AED 2,552,000 in April 2013.
What is the rent for unit 005?
AED 130,000 a year on the contract renewed on 15 June 2024. The previous contract, from June 2023, was AED 130,000; the unit has been rented since October 2013.
How big is unit 005?
2,320 sqft (215.5 sqm): a two-bedroom apartment on the ground floor of a 7-storey tower.
What is unit 005 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Al Alka 1 sold for AED 1,830,000 to 2,275,000 in the last 12 months, around AED 1,397 per sqft.
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Mortgage on 005, Al Alka 1
Starts from the last sale price (AED 2.28M, 29 October 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,280,000
- Deposit, UAE resident (20%)
- AED 456,000
- Deposit, non-resident (40%)
- AED 912,000
- Monthly over 25 years at 3.7%
- AED 9,328
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →