118, Al Alka 3
Sold prices and rental history: sold 3 times, last in April 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 118, Al Alka 3
What is 118 worth today?
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Source: Dubai Land Department. Updated 22 April 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,292 sqft
- Floor
- 1st of 41
- Parking
- B-202
- Service charge
- AED 29,200 /yr
- Last sold
- AED 1.6M · April 2024
- Building
- Al Alka 3
About 118, Al Alka 3
118 is a two-bedroom apartment of 1,292 sqft on the 1st floor of Al Alka 3, a 41-storey tower in The Greens. It last sold on 22 April 2024 for AED 1,600,000, or AED 1,238 per sqft, in line with the AED 1,209 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, signed on 24 August 2022, is AED 100,000 a year: a gross yield of 6.3% on the 2024 price, before the service charge of about AED 29,200 a year.
Sales and rents for 118 over time
118 has sold 3 times; the dashed line is the two-bed median of each year in the building.
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 118 sits
All 32 2-beds →118 last sold in April 2024 at AED 1,238 per sqft, in line with what two-beds in Al Alka 3 were fetching at the time (AED 1,209). 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. 118's AED 100,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 4 Feb 20264 February 2026 | 1,441 sqft | 2,600,000 | 1,804 | ||
| 17 Jun 202517 June 2025 | 1,313 sqft | 2,150,000 | 1,637 | ||
| 4 Jun 20254 June 2025 | 1,135 sqft | 2,200,000 | 1,938 | ||
| 19 May 202519 May 2025 | 1,292 sqft | 2,060,000 | 1,594 |
Al Alka 3
Building117 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%
Other units on the 1st floor
All 117 units in Al Alka 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 101 | 1-bed | 820 sqft | AED 550KAED 550,000 · Nov 2010November 2010 | 80,000 /yr | |
| 102 | 1-bed | 816 sqft | AED 1.15MAED 1,150,000 · Jul 2015July 2015 | 90,000 /yr | |
| 103 | 1-bed | 816 sqft | AED 665KAED 665,000 · May 2012May 2012 | 80,000 /yr | |
| 104 | 1-bed | 816 sqft | AED 820KAED 820,000 · Feb 2023February 2023 | 59,675 /yr | |
| 105 | 2-bed | 1,441 sqft | AED 1.2MAED 1,200,000 · May 2021May 2021 | 85,000 /yr | |
| 106 | 1-bed | 765 sqft | AED 850KAED 850,000 · Mar 2023March 2023 | 78,111 /yr | |
| 107 | 1-bed | 758 sqft | AED 610KAED 610,000 · Jan 2021January 2021 | 80,000 /yr | |
| 108 | 1-bed | 758 sqft | AED 700KAED 700,000 · Jun 2021June 2021 | 77,000 /yr | |
| 109 | 1-bed | 758 sqft | AED 1.07MAED 1,070,000 · Jan 2024January 2024 | 80,000 /yr | |
| 110 | 1-bed | 758 sqft | AED 990KAED 990,000 · Jul 2023July 2023 | 90,000 /yr | |
| 111 | 2-bed | 1,093 sqft | AED 1.65MAED 1,650,000 · Mar 2025March 2025 | 115,500 /yr | |
| 114 | 1-bed | 777 sqft | AED 1.25MAED 1,250,000 · Mar 2024March 2024 | 115,000 /yr | |
| 115 | 1-bed | 755 sqft | AED 1.5MAED 1,500,000 · Dec 2008December 2008 | 80,000 /yr | |
| 116 | 1-bed | 755 sqft | AED 1MAED 1,000,000 · Jul 2016July 2016 | 80,000 /yr | |
| 117 | 2-bed | 1,519 sqft | AED 815KAED 815,000 · Oct 2015October 2015 | 109,000 /yr | |
| 119 | 2-bed | 1,313 sqft | AED 1.63MAED 1,625,000 · Jul 2017July 2017 | 137,000 /yr |
118, Al Alka 3 in numbers
- Sold 3 times: first on 27 July 2008 for AED 1,600,000, last on 22 April 2024 for AED 1,600,000 (AED 1,238 per sqft).
- Rented since April 2013 on 6 Ejari contracts. The rent fell from AED 87,500 to AED 68,000 in 2020 and recovered to AED 100,000 by August 2022.
- At AED 100,000 a year the gross yield on the 2024 price is 6.3%, before a service charge of about AED 29,200 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 22 April 2024.
Questions about 118, Al Alka 3
What did unit 118 last sell for?
AED 1,600,000 on 22 April 2024: AED 1,238 per sqft for 1,292 sqft. The unit has 3 registered sales; the first was AED 1,600,000 in July 2008.
What is the rent for unit 118?
AED 100,000 a year on the contract signed on 24 August 2022. The previous contract, from August 2021, was AED 72,000; the unit has been rented since April 2013.
How big is unit 118?
1,292 sqft (120.0 sqm): a two-bedroom apartment on the 1st floor of a 41-storey tower.
What is unit 118 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 118, Al Alka 3
Starts from the last sale price (AED 1.6M, 22 April 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,600,000
- Deposit, UAE resident (20%)
- AED 320,000
- Deposit, non-resident (40%)
- AED 640,000
- Monthly over 25 years at 3.7%
- AED 6,546
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →