2-bed · 1,519 sqftAl Alka 3, The Greens · 1st floor

117, Al Alka 3

Sold prices and rental history: sold 3 times, last in October 2015, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 117 · DLD and Ejari recordsUpdated 19 May 2025
Last soldAED 815K20 October 2015
Current rentAED 109K /yr19 May 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 117, Al Alka 3

What is 117 worth today?

Last sold for AED 815,000 in 2015

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19 May 2025RentedRenewal
AED 109,000/yr12 months · AED 72 per sqft
19 May 2024RentedNew contract
AED 104,000/yr12 months · AED 68 per sqft
19 May 2023RentedNew contract
AED 95,000/yr12 months · AED 63 per sqft
1 Oct 2021RentedRenewal
AED 75,000/yr12 months · AED 49 per sqft
1 Oct 2020RentedRenewal
AED 75,000/yr12 months · AED 49 per sqft
1 Oct 2019RentedNew contract
AED 80,000/yr12 months · AED 53 per sqft
15 Aug 2018RentedRenewal
AED 110,000/yr12 months · AED 72 per sqft
15 Aug 2017RentedNew contract
AED 115,000/yr12 months · AED 76 per sqft

Source: Dubai Land Department. Updated 19 May 2025.

Key facts

Type
2-bed apartment
Size
1,519 sqft
Floor
1st of 41
Parking
192
Service charge
AED 34,400 /yr
Last sold
AED 815K · October 2015
Building
Al Alka 3

About 117, Al Alka 3

117 is a two-bedroom apartment of 1,519 sqft on the 1st floor of Al Alka 3, a 41-storey tower in The Greens. It last sold on 20 October 2015 for AED 815,000, or AED 536 per sqft, 55% below the AED 1,179 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 9 Ejari contracts. The current contract, renewed on 19 May 2025, is AED 109,000 a year: a gross yield of 13.4% on the 2015 price, before the service charge of about AED 34,400 a year.

Sales and rents for 117 over time

Sales
Unit 117, each saleTypical two-bed in Al Alka 3
1M2M2008201320182023Typical sale price by year: 2008 AED 1,489,444; 2009 AED 1,352,894; 2010 AED 1,051,944; 2011 AED 1,150,000; 2012 AED 1,275,000; 2013 AED 1,540,000; 2014 AED 1,175,000; 2015 AED 1,400,000; 2017 AED 1,625,000; 2021 AED 1,300,000; 2022 AED 1,457,500; 2023 AED 1,575,000; 2024 AED 1,600,000; 2025 AED 2,060,000Sold by developer, November 2009: AED 681,944 (AED 448 per sqft)Sold, April 2013: AED 1,330,000 (AED 875 per sqft)Sold, October 2015: AED 815,000 (AED 536 per sqft)

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

Rents
Unit 117, each contractTypical two-bed in Al Alka 3
100K150K2012201620202024Typical rent by year: 2012 AED 90,000; 2013 AED 110,000; 2014 AED 120,000; 2015 AED 125,000; 2016 AED 127,500; 2017 AED 115,000; 2018 AED 114,814; 2019 AED 90,000; 2020 AED 80,000; 2021 AED 75,000; 2022 AED 87,125; 2023 AED 95,000; 2024 AED 110,000; 2025 AED 125,000New contract, July 2014: AED 145,000 a yearNew contract, August 2017: AED 115,000 a yearRenewal, August 2018: AED 110,000 a yearNew contract, October 2019: AED 80,000 a yearRenewal, October 2020: AED 75,000 a yearRenewal, October 2021: AED 75,000 a yearNew contract, May 2023: AED 95,000 a yearNew contract, May 2024: AED 104,000 a yearRenewal, May 2025: AED 109,000 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 3, and where 117 sits

All 32 2-beds →

117 last sold in October 2015 at AED 536 per sqft, 55% below what two-beds in Al Alka 3 were fetching at the time (AED 1,179). Over the last 12 months two-beds sold for AED 2,600,000, around AED 1,804 per sqft, and rent for AED 125,000 to 132,000 a year. 117's AED 109,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
4 Feb 20262,600,000
17 Jun 20252,150,000
4 Jun 20252,200,000
19 May 20252,060,000
1 2-bed sale 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

117, Al Alka 3 in numbers

  • Sold 3 times: first on 2 November 2009 for AED 681,944, last on 20 October 2015 for AED 815,000 (AED 536 per sqft).
  • Rented since July 2014 on 9 Ejari contracts. The rent fell from AED 145,000 to AED 75,000 in 2021 and recovered to AED 109,000 by May 2025.
  • At AED 109,000 a year the gross yield on the 2015 price is 13.4%, before a service charge of about AED 34,400 a year (AED 22.63 per sqft).
  • Two-beds in Al Alka 3 sold for AED 2,600,000–2,600,000 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 19 May 2025.

Questions about 117, Al Alka 3

What did unit 117 last sell for?

AED 815,000 on 20 October 2015: AED 536 per sqft for 1,519 sqft. The unit has 3 registered sales; the first was AED 681,944 in November 2009.

What is the rent for unit 117?

AED 109,000 a year on the contract renewed on 19 May 2025. The previous contract, from May 2024, was AED 104,000; the unit has been rented since July 2014.

How big is unit 117?

1,519 sqft (141.1 sqm): a two-bedroom apartment on the 1st floor of a 41-storey tower.

What is unit 117 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 3 sold for AED 2,600,000 to 2,600,000 in the last 12 months, around AED 1,804 per sqft.

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Mortgage on 117, Al Alka 3

Starts from the last sale price (AED 815K, 20 October 2015). Switch to today's estimate once you have unlocked it.
Price
AED 815,000
Deposit, UAE resident (20%)
AED 163,000
Deposit, non-resident (40%)
AED 326,000
Monthly over 25 years at 3.7%
AED 3,334

Plus AED 39,240 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →