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2-bed · 1,250 sqftAl Alka 1, The Greens · 5th floor

518, Al Alka 1

Sold prices and rental history: sold 3 times, last in August 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 518 · DLD and Ejari recordsUpdated 21 April 2025
Last soldAED 1.7M20 August 2024
Current rentAED 138K /yr21 April 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 518, Al Alka 1

What is 518 worth today?

Last sold for AED 1,700,000 in 2024

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21 Apr 2025RentedNew contract
AED 138,000/yr12 months · AED 111 per sqft
20 Aug 2024SoldReady
AED 1,700,000AED 1,359 per sqft
1 Jul 2024RentedRenewal
AED 110,000/yr9 months · AED 88 per sqft
1 Jul 2023RentedRenewal
AED 100,000/yr12 months · AED 80 per sqft
1 Jul 2021RentedRenewal
AED 77,000/yr12 months · AED 62 per sqft
1 Jul 2020RentedNew contract
AED 77,000/yr12 months · AED 62 per sqft
10 Apr 2019RentedNew contract
AED 90,000/yr12 months · AED 72 per sqft
20 Feb 2018RentedNew contract
AED 115,000/yr12 months · AED 92 per sqft

Source: Dubai Land Department. Updated 21 April 2025.

Key facts

Type
2-bed apartment
Size
1,250 sqft
Floor
5th of 7
Parking
B-36
Service charge
AED 28,300 /yr
Last sold
AED 1.7M · August 2024
Building
Al Alka 1

About 518, Al Alka 1

518 is a two-bedroom apartment of 1,250 sqft on the 5th floor of Al Alka 1, a 7-storey tower in The Greens. It last sold on 20 August 2024 for AED 1,700,000, or AED 1,359 per sqft.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, signed on 21 April 2025, is AED 138,000 a year: a gross yield of 8.1% on the 2024 price, before the service charge of about AED 28,300 a year.

Sales and rents for 518 over time

Sales
Unit 518, each saleTypical two-bed in Al Alka 1
1M1.5M2012201620202024Typical 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, December 2012: AED 718,750 (AED 574 per sqft)Sold, July 2013: AED 1,700,000 (AED 1,359 per sqft)Sold, August 2024: AED 1,700,000 (AED 1,359 per sqft)

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

Rents
Unit 518, each contractTypical two-bed in Al Alka 1
100K200K2013201720212025Typical 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, June 2013: AED 96,000 a yearNew contract, November 2016: AED 170,712 a yearNew contract, February 2018: AED 115,000 a yearNew contract, April 2019: AED 90,000 a yearNew contract, July 2020: AED 77,000 a yearRenewal, July 2021: AED 77,000 a yearRenewal, July 2023: AED 100,000 a yearRenewal, July 2024: AED 110,000 a yearNew contract, April 2025: AED 138,000 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 518 sits

All 33 2-beds →

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. 518's AED 138,000 is in the lower half 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 5th floor

All 118 units in Al Alka 1
Value
5151-bedAED 1.03M · Dec 2013
5161-bedAED 874K · Jan 2013
5172-bedAED 1.48M · Apr 2017
5192-bedAED 1.05M · Mar 2020

518, Al Alka 1 in numbers

  • Sold 3 times: first on 16 December 2012 for AED 718,750, last on 20 August 2024 for AED 1,700,000 (AED 1,359 per sqft).
  • Rented since June 2013 on 9 Ejari contracts. The rent fell from AED 96,000 to AED 77,000 in 2021 and recovered to AED 138,000 by April 2025.
  • At AED 138,000 a year the gross yield on the 2024 price is 8.1%, 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 21 April 2025.

Questions about 518, Al Alka 1

What did unit 518 last sell for?

AED 1,700,000 on 20 August 2024: AED 1,359 per sqft for 1,250 sqft. The unit has 3 registered sales; the first was AED 718,750 in December 2012.

What is the rent for unit 518?

AED 138,000 a year on the contract signed on 21 April 2025. The previous contract, from July 2024, was AED 110,000; the unit has been rented since June 2013.

How big is unit 518?

1,250 sqft (116.1 sqm): a two-bedroom apartment on the 5th floor of a 7-storey tower.

What is unit 518 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 518, Al Alka 1

Starts from the last sale price (AED 1.7M, 20 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,700,000
Deposit, UAE resident (20%)
AED 340,000
Deposit, non-resident (40%)
AED 680,000
Monthly over 25 years at 3.7%
AED 6,955

Plus AED 76,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →