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1-bed · 720 sqftAl Alka 1, The Greens · 3rd floor

308, Al Alka 1

Sold prices and rental history: sold once, by the developer in September 2012, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 308 · DLD and Ejari recordsUpdated 7 February 2020
Last soldAED 828K25 September 2012
Current rentAED 55K /yr7 February 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 308, Al Alka 1

What is 308 worth today?

Last sold for AED 828,000 in 2012

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7 Feb 2020RentedNew contract
AED 55,000/yr12 months · AED 76 per sqft
5 Feb 2019RentedRenewal
AED 72,000/yr12 months · AED 100 per sqft
25 Sep 2012Sold by developerReady
AED 828,000AED 1,150 per sqft

Source: Dubai Land Department. Updated 7 February 2020.

Key facts

Type
1-bed apartment
Size
720 sqft
Floor
3rd of 7
Parking
B-257
Service charge
AED 16,300 /yr
Last sold
AED 828K · September 2012
Building
Al Alka 1

About 308, Al Alka 1

308 is a one-bedroom apartment of 720 sqft on the 3rd floor of Al Alka 1, a 7-storey tower in The Greens. The developer sold it on 25 September 2012 for AED 828,000, or AED 1,150 per sqft, in line with the AED 1,149 one-beds in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 7 February 2020, is AED 55,000 a year: a gross yield of 6.6% on the 2012 price, before the service charge of about AED 16,300 a year.

Sales and rents for 308 over time

Sales
Unit 308, 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, September 2012: AED 828,000 (AED 1,150 per sqft)

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

Rents
Unit 308, 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 90,000Renewal, February 2019: AED 72,000 a yearNew contract, February 2020: AED 55,000 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 308 sits

All 63 1-beds →

308 last sold in September 2012 at AED 1,150 per sqft, in line with what one-beds in Al Alka 1 were fetching at the time (AED 1,149). 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. 308's AED 55,000 is at the bottom 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 3rd floor

All 118 units in Al Alka 1
Value
3011-bedAED 1.2M · Jun 2025
3021-bedAED 1.3M · Dec 2025
3031-bedAED 1.05M · Aug 2013
3041-bedAED 1.06M · Jun 2013
3052-bedAED 1.4M · Aug 2022
3061-bedAED 1.6M · Jun 2025
3071-bedAED 1.15M · Sep 2014
1–7 of 20

308, Al Alka 1 in numbers

  • Sold once: by the developer on 25 September 2012 for AED 828,000, or AED 1,150 per sqft.
  • Rented since February 2019 on 2 Ejari contracts, from AED 72,000 to AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2012 price is 6.6%, before a service charge of about AED 16,300 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 7 February 2020.

Questions about 308, Al Alka 1

What did unit 308 last sell for?

AED 828,000 on 25 September 2012, sold by the developer: AED 1,150 per sqft for 720 sqft. It is the only registered sale of the unit.

What is the rent for unit 308?

AED 55,000 a year on the contract signed on 7 February 2020. The previous contract, from February 2019, was AED 72,000.

How big is unit 308?

720 sqft (66.9 sqm): a one-bedroom apartment on the 3rd floor of a 7-storey tower.

What is unit 308 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 308, Al Alka 1

Starts from the last sale price (AED 828K, 25 September 2012). Switch to today's estimate once you have unlocked it.
Price
AED 828,000
Deposit, UAE resident (20%)
AED 165,600
Deposit, non-resident (40%)
AED 331,200
Monthly over 25 years at 3.7%
AED 3,388

Plus AED 39,786 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →