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2-bed · 1,249 sqftAl Alka 1, The Greens · 2nd floor

218, Al Alka 1

Sold prices and rental history: sold once, by the developer in September 2012, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 218 · DLD and Ejari recordsUpdated 19 February 2025
Last soldAED 1.44M3 September 2012
Current rentAED 120K /yr19 February 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 218, Al Alka 1

What is 218 worth today?

Last sold for AED 1,436,350 in 2012

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19 Feb 2025RentedRenewal
AED 120,000/yr12 months · AED 96 per sqft
19 Feb 2024RentedNew contract
AED 103,950/yr12 months · AED 83 per sqft
19 Feb 2024RentedRenewal · flagged as an outlier
AED 10,950/yr12 months · AED 9 per sqft
19 Feb 2023RentedRenewal
AED 99,000/yr12 months · AED 79 per sqft
11 Dec 2020RentedRenewal
AED 78,000/yr12 months · AED 62 per sqft
11 Dec 2019RentedNew contract
AED 84,000/yr12 months · AED 67 per sqft
11 Oct 2018RentedNew contract
AED 102,000/yr12 months · AED 82 per sqft
20 Aug 2017RentedRenewal
AED 135,000/yr12 months · AED 108 per sqft

Source: Dubai Land Department. Updated 19 February 2025.

Key facts

Type
2-bed apartment
Size
1,249 sqft
Floor
2nd of 7
Parking
B-30
Service charge
AED 28,300 /yr
Last sold
AED 1.44M · September 2012
Building
Al Alka 1

About 218, Al Alka 1

218 is a two-bedroom apartment of 1,249 sqft on the 2nd floor of Al Alka 1, a 7-storey tower in The Greens. The developer sold it on 3 September 2012 for AED 1,436,350, or AED 1,150 per sqft, in line with the AED 1,149 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 11 Ejari contracts. The current contract, renewed on 19 February 2025, is AED 120,000 a year: a gross yield of 8.3% on the 2012 price, before the service charge of about AED 28,300 a year.

Sales and rents for 218 over time

Sales
Unit 218, each saleTypical two-bed in Al Alka 1
1.25M1.5M1.75M2012201620202024Typical sale price by year: 2012 AED 1,436,350; 2013 AED 1,640,000; 2017 AED 1,500,000; 2018 AED 1,227,000; 2019 AED 1,208,000; 2021 AED 1,160,000; 2022 AED 1,190,000; 2024 AED 1,675,000Sold by developer, September 2012: AED 1,436,350 (AED 1,150 per sqft)

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

Rents
Unit 218, each contractTypical two-bed in Al Alka 1
100K150K200K2013201720212025Typical rent by year: 2013 AED 157,500; 2014 AED 187,348; 2015 AED 185,657; 2016 AED 162,856; 2017 AED 141,138; 2018 AED 113,500; 2019 AED 96,000; 2020 AED 80,000; 2021 AED 82,000; 2022 AED 93,600; 2023 AED 98,400; 2024 AED 110,000; 2025 AED 130,000New contract, August 2014: AED 135,000 a yearRenewal, August 2015: AED 135,000 a yearRenewal, August 2016: AED 135,000 a yearRenewal, August 2017: AED 135,000 a yearNew contract, October 2018: AED 102,000 a yearNew contract, December 2019: AED 84,000 a yearRenewal, December 2020: AED 78,000 a yearRenewal, February 2023: AED 99,000 a yearNew contract, February 2024: AED 103,950 a yearRenewal, February 2025: AED 120,000 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 Alka 1, and where 218 sits

All 33 2-beds →

218 last sold in September 2012 at AED 1,150 per sqft, in line with what two-beds in Al Alka 1 were fetching at the time (AED 1,149). 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. 218's AED 120,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
28 Jan 20261,830,000
18 Dec 20252,275,000
14 Mar 20252,000,000
11 Nov 20241,650,000
2 2-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 2nd floor

All 118 units in Al Alka 1
Value
2011-bedAED 780K · Jul 2022
2021-bedAED 695K · Feb 2022
2031-bedAED 1.2M · Feb 2016
2041-bedAED 1.2M · Feb 2015
2052-bedAED 1.38M · Oct 2022
2061-bedAED 1.04M · Jan 2017
2071-bedAED 1.04M · Nov 2023
1–7 of 20

218, Al Alka 1 in numbers

  • Sold once: by the developer on 3 September 2012 for AED 1,436,350, or AED 1,150 per sqft.
  • Rented since August 2014 on 11 Ejari contracts. The rent fell from AED 135,000 to AED 10,950 in 2024 and recovered to AED 120,000 by February 2025.
  • At AED 120,000 a year the gross yield on the 2012 price is 8.3%, before a service charge of about AED 28,300 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 19 February 2025.

Questions about 218, Al Alka 1

What did unit 218 last sell for?

AED 1,436,350 on 3 September 2012, sold by the developer: AED 1,150 per sqft for 1,249 sqft. It is the only registered sale of the unit.

What is the rent for unit 218?

AED 120,000 a year on the contract renewed on 19 February 2025. The previous contract, from February 2024, was AED 103,950; the unit has been rented since August 2014.

How big is unit 218?

1,249 sqft (116.0 sqm): a two-bedroom apartment on the 2nd floor of a 7-storey tower.

What is unit 218 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 218, Al Alka 1

Starts from the last sale price (AED 1.44M, 3 September 2012). Switch to today's estimate once you have unlocked it.
Price
AED 1,436,350
Deposit, UAE resident (20%)
AED 287,270
Deposit, non-resident (40%)
AED 574,540
Monthly over 25 years at 3.7%
AED 5,877

Plus AED 65,337 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →