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2-bed · 1,278 sqftAl Alka 1, The Greens · 2nd floor

219, Al Alka 1

Sold prices and rental history: sold 3 times, last in July 2022, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 219 · DLD and Ejari recordsUpdated 20 July 2022
Last soldAED 1.23M20 July 2022
Current rentAED 80K /yr20 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 219, Al Alka 1

What is 219 worth today?

Last sold for AED 1,230,000 in 2022

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20 Jul 2022SoldReady
AED 1,230,000AED 962 per sqft
20 Aug 2021RentedNew contract
AED 80,000/yr12 months · AED 62 per sqft
20 Mar 2020RentedRenewal
AED 92,000/yr12 months · AED 72 per sqft
20 Mar 2019RentedRenewal
AED 106,000/yr12 months · AED 83 per sqft
20 Mar 2018RentedNew contract
AED 112,000/yr12 months · AED 87 per sqft
14 Jul 2013SoldReady
AED 1,655,000AED 1,295 per sqft
28 Nov 2012Sold by developerReady
AED 1,469,700AED 1,150 per sqft

Source: Dubai Land Department. Updated 20 July 2022.

Key facts

Type
2-bed apartment
Size
1,278 sqft
Floor
2nd of 7
Parking
B-31
Service charge
AED 28,900 /yr
Last sold
AED 1.23M · July 2022
Building
Al Alka 1

About 219, Al Alka 1

219 is a two-bedroom apartment of 1,278 sqft on the 2nd floor of Al Alka 1, a 7-storey tower in The Greens. It last sold on 20 July 2022 for AED 1,230,000, or AED 962 per sqft, 3% below the AED 993 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, signed on 20 August 2021, is AED 80,000 a year: a gross yield of 6.5% on the 2022 price, before the service charge of about AED 28,900 a year.

Sales and rents for 219 over time

Sales
Unit 219, 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, November 2012: AED 1,469,700 (AED 1,150 per sqft)Sold, July 2013: AED 1,655,000 (AED 1,295 per sqft)Sold, July 2022: AED 1,230,000 (AED 962 per sqft)

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

Rents
Unit 219, 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, March 2018: AED 112,000 a yearRenewal, March 2019: AED 106,000 a yearRenewal, March 2020: AED 92,000 a yearNew contract, August 2021: AED 80,000 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 219 sits

All 33 2-beds →

219 last sold in July 2022 at AED 962 per sqft, 3% below what two-beds in Al Alka 1 were fetching at the time (AED 993). 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. 219's AED 80,000 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

219, Al Alka 1 in numbers

  • Sold 3 times: first on 28 November 2012 for AED 1,469,700, last on 20 July 2022 for AED 1,230,000 (AED 962 per sqft).
  • Rented since March 2018 on 4 Ejari contracts, from AED 112,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2022 price is 6.5%, before a service charge of about AED 28,900 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 20 July 2022.

Questions about 219, Al Alka 1

What did unit 219 last sell for?

AED 1,230,000 on 20 July 2022: AED 962 per sqft for 1,278 sqft. The unit has 3 registered sales; the first was AED 1,469,700 in November 2012.

What is the rent for unit 219?

AED 80,000 a year on the contract signed on 20 August 2021. The previous contract, from March 2020, was AED 92,000; the unit has been rented since March 2018.

How big is unit 219?

1,278 sqft (118.7 sqm): a two-bedroom apartment on the 2nd floor of a 7-storey tower.

What is unit 219 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 219, Al Alka 1

Starts from the last sale price (AED 1.23M, 20 July 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,230,000
Deposit, UAE resident (20%)
AED 246,000
Deposit, non-resident (40%)
AED 492,000
Monthly over 25 years at 3.7%
AED 5,032

Plus AED 56,670 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →