518, Al Alka 3
Sold prices and rental history: sold 4 times, last in May 2013, 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 518, Al Alka 3
What is 518 worth today?
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Source: Dubai Land Department. Updated 25 August 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,286 sqft
- Floor
- 5th of 41
- Parking
- B-208
- Service charge
- AED 29,100 /yr
- Last sold
- AED 1.6M · May 2013
- Building
- Al Alka 3
About 518, Al Alka 3
518 is a two-bedroom apartment of 1,286 sqft on the 5th floor of Al Alka 3, a 41-storey tower in The Greens. It last sold on 14 May 2013 for AED 1,600,000, or AED 1,244 per sqft, 19% above the AED 1,049 two-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 25 August 2024, is AED 125,292 a year: a gross yield of 7.8% on the 2013 price, before the service charge of about AED 29,100 a year.
Sales and rents for 518 over time
518 has sold 4 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 518 sits
All 32 2-beds →518 last sold in May 2013 at AED 1,244 per sqft, 19% above what two-beds in Al Alka 3 were fetching at the time (AED 1,049). 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. 518's AED 125,292 is in the lower half 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 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 | |
| 516 | 1-bed | 768 sqft | AED 940KAED 940,000 · Sep 2008September 2008 | 80,000 /yr | |
| 517 | 2-bed | 1,135 sqft | AED 1.62MAED 1,620,000 · Feb 2025February 2025 | 101,200 /yr | |
| 519 | 2-bed | 1,313 sqft | AED 2.15MAED 2,150,000 · Jun 2025June 2025 | 95,000 /yr |
518, Al Alka 3 in numbers
- Sold 4 times: first on 17 September 2008 for AED 1,284,199, last on 14 May 2013 for AED 1,600,000 (AED 1,244 per sqft).
- Rented since June 2013 on 11 Ejari contracts. The rent fell from AED 115,000 to AED 80,000 in 2021 and recovered to AED 125,292 by August 2024.
- At AED 125,292 a year the gross yield on the 2013 price is 7.8%, before a service charge of about AED 29,100 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 25 August 2024.
Questions about 518, Al Alka 3
What did unit 518 last sell for?
AED 1,600,000 on 14 May 2013: AED 1,244 per sqft for 1,286 sqft. The unit has 4 registered sales; the first was AED 1,284,199 in September 2008.
What is the rent for unit 518?
AED 125,292 a year on the contract renewed on 25 August 2024. The previous contract, from August 2023, was AED 125,000; the unit has been rented since June 2013.
How big is unit 518?
1,286 sqft (119.5 sqm): a two-bedroom apartment on the 5th floor of a 41-storey tower.
What is unit 518 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 518, Al Alka 3
Starts from the last sale price (AED 1.6M, 14 May 2013). 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 AED 72,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →