516, Al Alka 3
Sold prices and rental history: sold twice, last in September 2008, 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 516, Al Alka 3
What is 516 worth today?
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Source: Dubai Land Department. Updated 26 December 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 768 sqft
- Floor
- 5th of 41
- Parking
- B-168
- Service charge
- AED 17,400 /yr
- Last sold
- AED 1.28M · September 2008
- Building
- Al Alka 3
About 516, Al Alka 3
516 is a one-bedroom apartment of 768 sqft on the 5th floor of Al Alka 3, a 41-storey tower in The Greens. The developer sold it on 3 September 2008 for AED 1,280,000, or AED 1,667 per sqft, 36% above the AED 1,230 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, renewed on 26 December 2025, is AED 80,000 a year: a gross yield of 6.3% on the 2008 price, before the service charge of about AED 17,400 a year.
Sales and rents for 516 over time
516 has sold twice; the dashed line is the one-bed median of each year in the building.
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 516 sits
All 63 1-beds →516 last sold in September 2008 at AED 1,667 per sqft, 36% above what one-beds in Al Alka 3 were fetching at the time (AED 1,230). 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. 516's AED 80,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 4 Feb 20264 February 2026 | 820 sqft | 1,575,000 | 1,919 | ||
| 26 Dec 202526 December 2025 | 777 sqft | 1,550,000 | 1,995 | ||
| 19 Jun 202519 June 2025 | 758 sqft | 1,175,000 | 1,549 | ||
| 23 Apr 202523 April 2025 | 777 sqft | 1,235,000 | 1,590 |
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 5th floor
All 117 units in Al Alka 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 515 | 1-bed | 768 sqft | AED 1.06MAED 1,060,000 · Apr 2017April 2017 | 85,000 /yr | |
| 517 | 2-bed | 1,135 sqft | AED 1.62MAED 1,620,000 · Feb 2025February 2025 | 101,200 /yr | |
| 518 | 2-bed | 1,286 sqft | AED 1.6MAED 1,600,000 · May 2013May 2013 | 125,292 /yr | |
| 519 | 2-bed | 1,313 sqft | AED 2.15MAED 2,150,000 · Jun 2025June 2025 | 95,000 /yr |
516, Al Alka 3 in numbers
- Sold twice: first on 3 September 2008 for AED 940,000, last on 3 September 2008 for AED 1,280,000 (AED 1,667 per sqft).
- Rented since August 2013 on 11 Ejari contracts. The rent fell from AED 67,000 to AED 43,000 in 2021 and recovered to AED 80,000 by December 2025.
- At AED 80,000 a year the gross yield on the 2008 price is 6.3%, before a service charge of about AED 17,400 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 26 December 2025.
Questions about 516, Al Alka 3
What did unit 516 last sell for?
AED 1,280,000 on 3 September 2008, sold by the developer: AED 1,667 per sqft for 768 sqft. The unit has 2 registered sales; the first was AED 940,000 in September 2008.
What is the rent for unit 516?
AED 80,000 a year on the contract renewed on 26 December 2025. The previous contract, from December 2024, was AED 75,000; the unit has been rented since August 2013.
How big is unit 516?
768 sqft (71.3 sqm): a one-bedroom apartment on the 5th floor of a 41-storey tower.
What is unit 516 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 516, Al Alka 3
Starts from the last sale price (AED 1.28M, 3 September 2008). Switch to today's estimate once you have unlocked it.- Price
- AED 1,280,000
- Deposit, UAE resident (20%)
- AED 256,000
- Deposit, non-resident (40%)
- AED 512,000
- Monthly over 25 years at 3.7%
- AED 5,237
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →