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

104, Al Alka 3

Sold prices and rental history: sold 3 times, last in February 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 104 · DLD and Ejari recordsUpdated 1 December 2023
Last soldAED 820K9 February 2023
Current rentAED 60K /yr1 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 104, Al Alka 3

What is 104 worth today?

Last sold for AED 820,000 in 2023

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1 Dec 2023RentedRenewal
AED 59,675/yr3 months · AED 73 per sqft
9 Feb 2023SoldReady
AED 820,000AED 1,005 per sqft
9 Feb 2023RentedNew contract
AED 53,808/yr10 months · AED 66 per sqft
1 Dec 2022RentedRenewal
AED 54,000/yr12 months · AED 66 per sqft
1 Dec 2021RentedRenewal
AED 47,000/yr12 months · AED 57 per sqft
1 Dec 2020RentedNew contract
AED 47,000/yr12 months · AED 57 per sqft
27 Nov 2017SoldReady
AED 1,100,000AED 1,348 per sqft
1 Nov 2013RentedNew contract
AED 85,000/yr12 months · AED 104 per sqft

Source: Dubai Land Department. Updated 1 December 2023.

Key facts

Type
1-bed apartment
Size
816 sqft
Floor
1st of 41
Parking
B-170
Service charge
AED 18,500 /yr
Last sold
AED 820K · February 2023
Building
Al Alka 3

About 104, Al Alka 3

104 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 9 February 2023 for AED 820,000, or AED 1,005 per sqft, 10% above the AED 916 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, renewed on 1 December 2023, is AED 59,675 a year: a gross yield of 7.3% on the 2023 price, before the service charge of about AED 18,500 a year.

Sales and rents for 104 over time

Sales
Unit 104, 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 by developer, November 2009: AED 550,000 (AED 674 per sqft)Sold, November 2017: AED 1,100,000 (AED 1,348 per sqft)Sold, February 2023: AED 820,000 (AED 1,005 per sqft)

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

Rents
Unit 104, 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, November 2013: AED 85,000 a yearNew contract, December 2020: AED 47,000 a yearRenewal, December 2021: AED 47,000 a yearRenewal, December 2022: AED 54,000 a yearNew contract, February 2023: AED 53,808 a yearRenewal, December 2023: AED 59,675 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 104 sits

All 63 1-beds →

104 last sold in February 2023 at AED 1,005 per sqft, 10% above what one-beds in Al Alka 3 were fetching at the time (AED 916). 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. 104's AED 59,675 is at the bottom 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
1021-bedAED 1.15M · Jul 2015
1031-bedAED 665K · May 2012
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

104, Al Alka 3 in numbers

  • Sold 3 times: first on 12 November 2009 for AED 550,000, last on 9 February 2023 for AED 820,000 (AED 1,005 per sqft).
  • Rented since November 2013 on 6 Ejari contracts. The rent fell from AED 85,000 to AED 47,000 in 2021 and recovered to AED 59,675 by December 2023.
  • At AED 59,675 a year the gross yield on the 2023 price is 7.3%, 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 December 2023.

Questions about 104, Al Alka 3

What did unit 104 last sell for?

AED 820,000 on 9 February 2023: AED 1,005 per sqft for 816 sqft. The unit has 3 registered sales; the first was AED 550,000 in November 2009.

What is the rent for unit 104?

AED 59,675 a year on the contract renewed on 1 December 2023. The previous contract, from February 2023, was AED 53,808; the unit has been rented since November 2013.

How big is unit 104?

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

What is unit 104 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 104, Al Alka 3

Starts from the last sale price (AED 820K, 9 February 2023). Switch to today's estimate once you have unlocked it.
Price
AED 820,000
Deposit, UAE resident (20%)
AED 164,000
Deposit, non-resident (40%)
AED 328,000
Monthly over 25 years at 3.7%
AED 3,355

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