1-bed · 777 sqftAl Alka 3, The Greens · 1st floor

114, Al Alka 3

Sold prices and rental history: sold 5 times, last in March 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 114 · DLD and Ejari recordsUpdated 4 February 2025
Last soldAED 1.25M22 March 2024
Current rentAED 115K /yr4 February 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 114, Al Alka 3

What is 114 worth today?

Last sold for AED 1,250,000 in 2024

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4 Feb 2025RentedNew contract
AED 115,000/yr12 months · AED 148 per sqft
22 Mar 2024SoldReady
AED 1,250,000AED 1,609 per sqft
7 Sep 2023SoldReady
AED 905,000AED 1,165 per sqft
27 Apr 2022RentedNew contract
AED 57,000/yr12 months · AED 74 per sqft
27 Apr 2021RentedNew contract
AED 48,000/yr12 months · AED 62 per sqft
25 Feb 2019RentedNew contract
AED 65,000/yr12 months · AED 84 per sqft
28 May 2018RentedRenewal
AED 90,000/yr12 months · AED 116 per sqft
28 May 2017RentedNew contract
AED 90,000/yr12 months · AED 116 per sqft

Source: Dubai Land Department. Updated 4 February 2025.

Key facts

Type
1-bed apartment
Size
777 sqft
Floor
1st of 41
Parking
128
Service charge
AED 17,600 /yr
Last sold
AED 1.25M · March 2024
Building
Al Alka 3

About 114, Al Alka 3

114 is a one-bedroom apartment of 777 sqft on the 1st floor of Al Alka 3, a 41-storey tower in The Greens. It last sold on 22 March 2024 for AED 1,250,000, or AED 1,609 per sqft, 18% above the AED 1,358 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, signed on 4 February 2025, is AED 115,000 a year: a gross yield of 9.2% on the 2024 price, before the service charge of about AED 17,600 a year.

Sales and rents for 114 over time

Sales
Unit 114, 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, April 2008: AED 812,257 (AED 1,045 per sqft)Sold, December 2013: AED 1,200,000 (AED 1,545 per sqft)Sold, April 2014: AED 1,000,000 (AED 1,287 per sqft)Sold, September 2023: AED 905,000 (AED 1,165 per sqft)Sold, March 2024: AED 1,250,000 (AED 1,609 per sqft)

114 has sold 5 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 114, each contractTypical one-bed in Al Alka 3
50K100K2012201620202024Typical 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, April 2013: AED 66,000 a yearNew contract, May 2017: AED 90,000 a yearRenewal, May 2018: AED 90,000 a yearNew contract, February 2019: AED 65,000 a yearNew contract, April 2021: AED 48,000 a yearNew contract, April 2022: AED 57,000 a yearNew contract, February 2025: AED 115,000 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 114 sits

All 63 1-beds →

114 last sold in March 2024 at AED 1,609 per sqft, 18% above what one-beds in Al Alka 3 were fetching at the time (AED 1,358). 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. 114's AED 115,000 is in the upper 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
1021-bedAED 1.15M · Jul 2015
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
1–7 of 16

114, Al Alka 3 in numbers

  • Sold 5 times: first on 29 April 2008 for AED 812,257, last on 22 March 2024 for AED 1,250,000 (AED 1,609 per sqft).
  • Rented since April 2013 on 7 Ejari contracts. The rent fell from AED 66,000 to AED 48,000 in 2021 and recovered to AED 115,000 by February 2025.
  • At AED 115,000 a year the gross yield on the 2024 price is 9.2%, before a service charge of about AED 17,600 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 4 February 2025.

Questions about 114, Al Alka 3

What did unit 114 last sell for?

AED 1,250,000 on 22 March 2024: AED 1,609 per sqft for 777 sqft. The unit has 5 registered sales; the first was AED 812,257 in April 2008.

What is the rent for unit 114?

AED 115,000 a year on the contract signed on 4 February 2025. The previous contract, from April 2022, was AED 57,000; the unit has been rented since April 2013.

How big is unit 114?

777 sqft (72.2 sqm): a one-bedroom apartment on the 1st floor of a 41-storey tower.

What is unit 114 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 114, Al Alka 3

Starts from the last sale price (AED 1.25M, 22 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,250,000
Deposit, UAE resident (20%)
AED 250,000
Deposit, non-resident (40%)
AED 500,000
Monthly over 25 years at 3.7%
AED 5,114

Plus AED 57,510 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →