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2-bed · 1,313 sqftAl Alka 3, The Greens · 1st floor

119, Al Alka 3

Sold prices and rental history: sold 3 times, last in July 2017, and rented once, from March 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 119 · DLD and Ejari recordsUpdated 13 July 2017
Last soldAED 1.63M13 July 2017
Current rentAED 137K /yr18 March 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 119, Al Alka 3

What is 119 worth today?

Last sold for AED 1,625,000 in 2017

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13 Jul 2017SoldReady
AED 1,625,000AED 1,237 per sqft
18 Mar 2016RentedNew contract
AED 137,000/yr12 months · AED 104 per sqft
31 Mar 2009Sold by developerReady
AED 1,457,888AED 1,110 per sqft
31 Mar 2009SoldReady
AED 1,500,000AED 1,142 per sqft

Source: Dubai Land Department. Updated 13 July 2017.

Key facts

Type
2-bed apartment
Size
1,313 sqft
Floor
1st of 41
Parking
B-197
Service charge
AED 29,700 /yr
Last sold
AED 1.63M · July 2017
Building
Al Alka 3

About 119, Al Alka 3

119 is a two-bedroom apartment of 1,313 sqft on the 1st floor of Al Alka 3, a 41-storey tower in The Greens. It last sold on 13 July 2017 for AED 1,625,000, or AED 1,237 per sqft, 5% below the AED 1,302 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 18 March 2016. The current contract, signed on 18 March 2016, is AED 137,000 a year: a gross yield of 8.4% on the 2017 price, before the service charge of about AED 29,700 a year.

Sales and rents for 119 over time

Sales
Unit 119, each saleTypical two-bed in Al Alka 3
1M1.5M2M2008201320182023Typical 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, March 2009: AED 1,457,888 (AED 1,110 per sqft)Sold, March 2009: AED 1,500,000 (AED 1,142 per sqft)Sold, July 2017: AED 1,625,000 (AED 1,237 per sqft)

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

Rents
Unit 119, each contractTypical two-bed in Al Alka 3
100K2012201620202024Typical 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, March 2016: AED 137,000 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 119 sits

All 32 2-beds →

119 last sold in July 2017 at AED 1,237 per sqft, 5% below what two-beds in Al Alka 3 were fetching at the time (AED 1,302). 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. 119's AED 137,000 is at the top 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

119, Al Alka 3 in numbers

  • Sold 3 times: first on 31 March 2009 for AED 1,500,000, last on 13 July 2017 for AED 1,625,000 (AED 1,237 per sqft).
  • Rented since March 2016 on one Ejari contract, at AED 137,000 a year.
  • At AED 137,000 a year the gross yield on the 2017 price is 8.4%, before a service charge of about AED 29,700 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 13 July 2017.

Questions about 119, Al Alka 3

What did unit 119 last sell for?

AED 1,625,000 on 13 July 2017: AED 1,237 per sqft for 1,313 sqft. The unit has 3 registered sales; the first was AED 1,500,000 in March 2009.

What is the rent for unit 119?

AED 137,000 a year on the contract signed on 18 March 2016.

How big is unit 119?

1,313 sqft (122.0 sqm): a two-bedroom apartment on the 1st floor of a 41-storey tower.

What is unit 119 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 119, Al Alka 3

Starts from the last sale price (AED 1.63M, 13 July 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,625,000
Deposit, UAE resident (20%)
AED 325,000
Deposit, non-resident (40%)
AED 650,000
Monthly over 25 years at 3.7%
AED 6,648

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