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1-bed · 729 sqftAl Alka 1, The Greens · 1st floor

116, Al Alka 1

Sold prices and rental history: sold 3 times, last in October 2022, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 116 · DLD and Ejari recordsUpdated 15 October 2025
Last soldAED 780K24 October 2022
Current rentAED 125K /yr15 October 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 116, Al Alka 1

What is 116 worth today?

Last sold for AED 780,000 in 2022

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15 Oct 2025RentedNew contract
AED 125,000/yr12 months · AED 171 per sqft
11 May 2023RentedNew contract
AED 100,000/yr12 months · AED 137 per sqft
24 Oct 2022SoldReady
AED 780,000AED 1,069 per sqft
10 Oct 2021RentedNew contract
AED 44,000/yr12 months · AED 60 per sqft
10 Oct 2020RentedNew contract
AED 48,000/yr12 months · AED 66 per sqft
1 Jan 2020RentedNew contract
AED 60,000/yr12 months · AED 82 per sqft
1 Jan 2019RentedNew contract
AED 74,200/yr12 months · AED 101 per sqft
30 Sep 2014SoldReady
AED 1,180,000AED 1,618 per sqft

Source: Dubai Land Department. Updated 15 October 2025.

Key facts

Type
1-bed apartment
Size
729 sqft
Floor
1st of 7
Parking
B-57
Service charge
AED 16,500 /yr
Last sold
AED 780K · October 2022
Building
Al Alka 1

About 116, Al Alka 1

116 is a one-bedroom apartment of 729 sqft on the 1st floor of Al Alka 1, a 7-storey tower in The Greens. It last sold on 24 October 2022 for AED 780,000, or AED 1,069 per sqft, 9% above the AED 979 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, signed on 15 October 2025, is AED 125,000 a year: a gross yield of 16.0% on the 2022 price, before the service charge of about AED 16,500 a year.

Sales and rents for 116 over time

Sales
Unit 116, each saleTypical one-bed in Al Alka 1
1M2012201620202024Typical sale price by year: 2012 AED 864,000; 2013 AED 960,000; 2014 AED 1,177,500; 2015 AED 1,137,500; 2016 AED 1,000,000; 2017 AED 1,040,000; 2018 AED 675,000; 2019 AED 702,500; 2021 AED 685,000; 2022 AED 765,000; 2023 AED 910,000; 2024 AED 1,100,000; 2025 AED 1,350,000Sold by developer, December 2012: AED 875,000 (AED 1,200 per sqft)Sold, September 2014: AED 1,180,000 (AED 1,618 per sqft)Sold, October 2022: AED 780,000 (AED 1,069 per sqft)

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

Rents
Unit 116, each contractTypical one-bed in Al Alka 1
50K100K150K2013201720212025Typical rent by year: 2013 AED 130,000; 2014 AED 100,000; 2015 AED 135,758; 2016 AED 105,000; 2017 AED 92,000; 2018 AED 74,000; 2019 AED 67,000; 2020 AED 50,000; 2021 AED 48,000; 2022 AED 60,000; 2023 AED 70,000; 2024 AED 78,000; 2025 AED 80,000; 2026 AED 90,000New contract, May 2014: AED 100,000 a yearNew contract, January 2019: AED 74,200 a yearNew contract, January 2020: AED 60,000 a yearNew contract, October 2020: AED 48,000 a yearNew contract, October 2021: AED 44,000 a yearNew contract, May 2023: AED 100,000 a yearNew contract, October 2025: AED 125,000 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 Alka 1, and where 116 sits

All 63 1-beds →

116 last sold in October 2022 at AED 1,069 per sqft, 9% above what one-beds in Al Alka 1 were fetching at the time (AED 979). Over the last 12 months one-beds sold for AED 1,300,000 to 1,700,000, around AED 1,646 per sqft, and rent for AED 69,000 to 160,000 a year. 116's AED 125,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
16 Jan 20261,365,000
9 Jan 20261,320,000
23 Dec 20251,300,000
19 Dec 20251,400,000
5 1-bed sales in the last 12 months

Al Alka 1

Building

118 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%
Al Alka 1, The Greens: prices, sales and rents →

Other units on the 1st floor

All 118 units in Al Alka 1
Value
1011-bedAED 1.2M · Oct 2013
1021-bedAED 907K · Sep 2012
1031-bedAED 1.12M · Apr 2024
1041-bedAED 1M · Jan 2024
1052-bedAED 1.02M · Nov 2020
1061-bedAED 831K · Sep 2012
1071-bedAED 1.52M · May 2025
1–7 of 20

116, Al Alka 1 in numbers

  • Sold 3 times: first on 30 December 2012 for AED 875,000, last on 24 October 2022 for AED 780,000 (AED 1,069 per sqft).
  • Rented since May 2014 on 7 Ejari contracts. The rent fell from AED 100,000 to AED 44,000 in 2021 and recovered to AED 125,000 by October 2025.
  • At AED 125,000 a year the gross yield on the 2022 price is 16.0%, before a service charge of about AED 16,500 a year (AED 22.63 per sqft).
  • One-beds in Al Alka 1 sold for AED 1,300,000–1,700,000 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 15 October 2025.

Questions about 116, Al Alka 1

What did unit 116 last sell for?

AED 780,000 on 24 October 2022: AED 1,069 per sqft for 729 sqft. The unit has 3 registered sales; the first was AED 875,000 in December 2012.

What is the rent for unit 116?

AED 125,000 a year on the contract signed on 15 October 2025. The previous contract, from May 2023, was AED 100,000; the unit has been rented since May 2014.

How big is unit 116?

729 sqft (67.7 sqm): a one-bedroom apartment on the 1st floor of a 7-storey tower.

What is unit 116 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Al Alka 1 sold for AED 1,300,000 to 1,700,000 in the last 12 months, around AED 1,646 per sqft.

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Mortgage on 116, Al Alka 1

Starts from the last sale price (AED 780K, 24 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 780,000
Deposit, UAE resident (20%)
AED 156,000
Deposit, non-resident (40%)
AED 312,000
Monthly over 25 years at 3.7%
AED 3,191

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