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1-bed · 816 sqftAl Alka 3, The Greens · 1st floor

102, Al Alka 3

Sold prices and rental history: sold 3 times, last in July 2015, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 102 · DLD and Ejari recordsUpdated 1 November 2015
Last soldAED 1.15M12 July 2015
Current rentAED 90K /yr1 November 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 102, Al Alka 3

What is 102 worth today?

Last sold for AED 1,150,000 in 2015

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1 Nov 2015RentedRenewal
AED 90,000/yr12 months · AED 110 per sqft
12 Jul 2015SoldReady
AED 1,150,000AED 1,409 per sqft
1 Nov 2014RentedNew contract
AED 90,000/yr12 months · AED 110 per sqft
10 Sep 2012RentedNew contract
AED 55,000/yr12 months · AED 67 per sqft
7 Apr 2008SoldReady
AED 600,000AED 735 per sqft
6 Apr 2008Sold by developerReady
AED 850,897AED 1,042 per sqft

Source: Dubai Land Department. Updated 1 November 2015.

Key facts

Type
1-bed apartment
Size
816 sqft
Floor
1st of 41
Parking
162
Service charge
AED 18,500 /yr
Last sold
AED 1.15M · July 2015
Building
Al Alka 3

About 102, Al Alka 3

102 is a one-bedroom apartment of 816 sqft on the 1st floor of Al Alka 3, a 41-storey tower in The Greens. It last sold on 12 July 2015 for AED 1,150,000, or AED 1,409 per sqft, in line with the AED 1,450 one-beds in the building were fetching at the time.

It has been rented since 2012 on 3 Ejari contracts. The current contract, renewed on 1 November 2015, is AED 90,000 a year: a gross yield of 7.8% on the 2015 price, before the service charge of about AED 18,500 a year.

Sales and rents for 102 over time

Sales
Unit 102, each saleTypical one-bed in Al Alka 3
500K1M2008201320182023Typical sale price by year: 2008 AED 953,000; 2009 AED 982,888; 2010 AED 540,000; 2011 AED 550,000; 2012 AED 650,000; 2013 AED 997,500; 2014 AED 1,140,000; 2015 AED 1,060,000; 2016 AED 1,010,000; 2017 AED 1,045,000; 2020 AED 577,500; 2021 AED 640,000; 2022 AED 635,000; 2023 AED 850,000; 2024 AED 1,222,500; 2025 AED 1,205,000Sold, April 2008: AED 600,000 (AED 735 per sqft)Sold by developer, April 2008: AED 850,897 (AED 1,042 per sqft)Sold, July 2015: AED 1,150,000 (AED 1,409 per sqft)

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

Rents
Unit 102, each contractTypical one-bed in Al Alka 3
40K60K80K2012201620202024Typical rent by year: 2012 AED 55,000; 2013 AED 66,000; 2014 AED 80,000; 2015 AED 85,000; 2016 AED 82,000; 2017 AED 80,000; 2018 AED 69,000; 2019 AED 56,000; 2020 AED 50,000; 2021 AED 47,000; 2022 AED 54,000; 2023 AED 63,250; 2024 AED 78,000; 2025 AED 80,000; 2026 AED 87,500New contract, September 2012: AED 55,000 a yearNew contract, November 2014: AED 90,000 a yearRenewal, November 2015: AED 90,000 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 3, and where 102 sits

All 63 1-beds →

102 last sold in July 2015 at AED 1,409 per sqft, in line with what one-beds in Al Alka 3 were fetching at the time (AED 1,450). Over the last 12 months one-beds sold for AED 1,250,000 to 1,575,000, around AED 1,919 per sqft, and rent for AED 77,000 to 120,000 a year. 102's AED 90,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
4 Feb 20261,575,000
26 Dec 20251,550,000
19 Jun 20251,175,000
23 Apr 20251,235,000
3 1-bed sales in the last 12 months

Al Alka 3

Building

117 apartments, studios to 2-bed over 41 floors in The Greens. 4 sold in the last 12 months.

Typical price per sqft
AED 1,862
Typical sale
AED 1.56M
Typical rent
AED 83K /yr
Typical yield
5.9%
Al Alka 3, The Greens: prices, sales and rents →

Other units on the 1st floor

All 117 units in Al Alka 3
Value
1011-bedAED 550K · Nov 2010
1031-bedAED 665K · May 2012
1041-bedAED 820K · Feb 2023
1052-bedAED 1.2M · May 2021
1061-bedAED 850K · Mar 2023
1071-bedAED 610K · Jan 2021
1081-bedAED 700K · Jun 2021
1–7 of 16

102, Al Alka 3 in numbers

  • Sold 3 times: first on 6 April 2008 for AED 850,897, last on 12 July 2015 for AED 1,150,000 (AED 1,409 per sqft).
  • Rented since September 2012 on 3 Ejari contracts, from AED 55,000 to AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2015 price is 7.8%, before a service charge of about AED 18,500 a year (AED 22.63 per sqft).
  • One-beds in Al Alka 3 sold for AED 1,250,000–1,575,000 in the 12 months to November 2026; the building's median across all types is AED 1,862 per sqft.

Source: Dubai Land Department. Updated 1 November 2015.

Questions about 102, Al Alka 3

What did unit 102 last sell for?

AED 1,150,000 on 12 July 2015: AED 1,409 per sqft for 816 sqft. The unit has 3 registered sales; the first was AED 850,897 in April 2008.

What is the rent for unit 102?

AED 90,000 a year on the contract renewed on 1 November 2015. The previous contract, from November 2014, was AED 90,000; the unit has been rented since September 2012.

How big is unit 102?

816 sqft (75.8 sqm): a one-bedroom apartment on the 1st floor of a 41-storey tower.

What is unit 102 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 3 sold for AED 1,250,000 to 1,575,000 in the last 12 months, around AED 1,919 per sqft.

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Mortgage on 102, Al Alka 3

Starts from the last sale price (AED 1.15M, 12 July 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,150,000
Deposit, UAE resident (20%)
AED 230,000
Deposit, non-resident (40%)
AED 460,000
Monthly over 25 years at 3.7%
AED 4,705

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