Home
Dubai prices
About
Research
1-bed · 816 sqftAl Alka 3, The Greens · 2nd floor

203, Al Alka 3

Sold prices and rental history: sold once, by the developer in August 2011, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 203 · DLD and Ejari recordsUpdated 15 October 2022
Last soldAED 457K22 August 2011
Current rentAED 69K /yr15 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 203

Property timeline for 203, Al Alka 3

What is 203 worth today?

Last sold for AED 457,301 in 2011

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

15 Oct 2022RentedNew contract
AED 69,000/yr12 months · AED 84 per sqft
26 Sep 2021RentedNew contract
AED 54,000/yr12 months · AED 66 per sqft
10 Oct 2017RentedNew contract
AED 90,000/yr12 months · AED 110 per sqft
22 Aug 2011Sold by developerReady
AED 457,301AED 560 per sqft

Source: Dubai Land Department. Updated 15 October 2022.

Key facts

Type
1-bed apartment
Size
816 sqft
Floor
2nd of 41
Parking
B-181
Service charge
AED 18,500 /yr
Last sold
AED 457K · August 2011
Building
Al Alka 3

About 203, Al Alka 3

203 is a one-bedroom apartment of 816 sqft on the 2nd floor of Al Alka 3, a 41-storey tower in The Greens. The developer sold it on 22 August 2011 for AED 457,301, or AED 560 per sqft, 40% below the AED 938 one-beds in the building were fetching at the time.

It has been rented since 2017 on 3 Ejari contracts. The current contract, signed on 15 October 2022, is AED 69,000 a year: a gross yield of 15.1% on the 2011 price, before the service charge of about AED 18,500 a year.

Sales and rents for 203 over time

Sales
Unit 203, 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, August 2011: AED 457,301 (AED 560 per sqft)

203 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 203, 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, October 2017: AED 90,000 a yearNew contract, September 2021: AED 54,000 a yearNew contract, October 2022: AED 69,000 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 203 sits

All 63 1-beds →

203 last sold in August 2011 at AED 560 per sqft, 40% below what one-beds in Al Alka 3 were fetching at the time (AED 938). 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. 203's AED 69,000 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 2nd floor

All 117 units in Al Alka 3
Value
2011-bedAED 1.05M · Oct 2024
2021-bedAED 1.26M · Jul 2014
2041-bedAED 770K · Aug 2021
2052-bedAED 2.6M · Feb 2026
2061-bedAED 1.05M · Apr 2017
2071-bedAED 850K · Apr 2023
2081-bedAED 1.18M · Jun 2025
1–7 of 16

203, Al Alka 3 in numbers

  • Sold once: by the developer on 22 August 2011 for AED 457,301, or AED 560 per sqft.
  • Rented since October 2017 on 3 Ejari contracts. The rent fell from AED 90,000 to AED 54,000 in 2021 and recovered to AED 69,000 by October 2022.
  • At AED 69,000 a year the gross yield on the 2011 price is 15.1%, 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 15 October 2022.

Questions about 203, Al Alka 3

What did unit 203 last sell for?

AED 457,301 on 22 August 2011, sold by the developer: AED 560 per sqft for 816 sqft. It is the only registered sale of the unit.

What is the rent for unit 203?

AED 69,000 a year on the contract signed on 15 October 2022. The previous contract, from September 2021, was AED 54,000; the unit has been rented since October 2017.

How big is unit 203?

816 sqft (75.8 sqm): a one-bedroom apartment on the 2nd floor of a 41-storey tower.

What is unit 203 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.

Selling 203? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 203, Al Alka 3

Starts from the last sale price (AED 457K, 22 August 2011). Switch to today's estimate once you have unlocked it.
Price
AED 457,301
Deposit, UAE resident (20%)
AED 91,460
Deposit, non-resident (40%)
AED 182,920
Monthly over 25 years at 3.7%
AED 1,871

Plus AED 22,117 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →