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1-bed · 728 sqftAl Alka 1, The Greens · 5th floor

516, Al Alka 1

Sold prices and rental history: sold once, by the developer in January 2013, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 516 · DLD and Ejari recordsUpdated 20 July 2025
Last soldAED 874K7 January 2013
Current rentAED 72K /yr20 July 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 516, Al Alka 1

What is 516 worth today?

Last sold for AED 873,600 in 2013

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20 Jul 2025RentedRenewal
AED 72,000/yr12 months · AED 98 per sqft
20 Jul 2024RentedRenewal
AED 68,970/yr12 months · AED 94 per sqft
20 Jul 2023RentedRenewal
AED 62,700/yr12 months · AED 86 per sqft
20 May 2021RentedRenewal
AED 46,000/yr12 months · AED 63 per sqft
20 May 2019RentedRenewal
AED 65,000/yr12 months · AED 89 per sqft
20 May 2018RentedNew contract
AED 74,000/yr12 months · AED 101 per sqft
7 Jan 2013Sold by developerReady
AED 873,600AED 1,200 per sqft

Source: Dubai Land Department. Updated 20 July 2025.

Key facts

Type
1-bed apartment
Size
728 sqft
Floor
5th of 7
Parking
B-68
Service charge
AED 16,500 /yr
Last sold
AED 874K · January 2013
Building
Al Alka 1

About 516, Al Alka 1

516 is a one-bedroom apartment of 728 sqft on the 5th floor of Al Alka 1, a 7-storey tower in The Greens. The developer sold it on 7 January 2013 for AED 873,600, or AED 1,200 per sqft, 4% above the AED 1,150 one-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, renewed on 20 July 2025, is AED 72,000 a year: a gross yield of 8.2% on the 2013 price, before the service charge of about AED 16,500 a year.

Sales and rents for 516 over time

Sales
Unit 516, 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, January 2013: AED 873,600 (AED 1,200 per sqft)

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

Rents
Unit 516, 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 2018: AED 74,000 a yearRenewal, May 2019: AED 65,000 a yearRenewal, May 2021: AED 46,000 a yearRenewal, July 2023: AED 62,700 a yearRenewal, July 2024: AED 68,970 a yearRenewal, July 2025: AED 72,000 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 516 sits

All 63 1-beds →

516 last sold in January 2013 at AED 1,200 per sqft, 4% above what one-beds in Al Alka 1 were fetching at the time (AED 1,150). 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. 516's AED 72,000 is in the lower 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 5th floor

All 118 units in Al Alka 1
Value
5151-bedAED 1.03M · Dec 2013
5172-bedAED 1.48M · Apr 2017
5182-bedAED 1.7M · Aug 2024
5192-bedAED 1.05M · Mar 2020

516, Al Alka 1 in numbers

  • Sold once: by the developer on 7 January 2013 for AED 873,600, or AED 1,200 per sqft.
  • Rented since May 2018 on 6 Ejari contracts. The rent fell from AED 74,000 to AED 46,000 in 2021 and recovered to AED 72,000 by July 2025.
  • At AED 72,000 a year the gross yield on the 2013 price is 8.2%, 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 20 July 2025.

Questions about 516, Al Alka 1

What did unit 516 last sell for?

AED 873,600 on 7 January 2013, sold by the developer: AED 1,200 per sqft for 728 sqft. It is the only registered sale of the unit.

What is the rent for unit 516?

AED 72,000 a year on the contract renewed on 20 July 2025. The previous contract, from July 2024, was AED 68,970; the unit has been rented since May 2018.

How big is unit 516?

728 sqft (67.6 sqm): a one-bedroom apartment on the 5th floor of a 7-storey tower.

What is unit 516 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 516, Al Alka 1

Starts from the last sale price (AED 874K, 7 January 2013). Switch to today's estimate once you have unlocked it.
Price
AED 873,600
Deposit, UAE resident (20%)
AED 174,720
Deposit, non-resident (40%)
AED 349,440
Monthly over 25 years at 3.7%
AED 3,574

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