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2-bed · 1,286 sqftAl Alka 3, The Greens · 7th floor

718, Al Alka 3

Sold prices and rental history: sold once, by the developer in March 2008, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 718 · DLD and Ejari recordsUpdated 15 November 2024
Last soldAED 1.62M17 March 2008
Current rentAED 109K /yr15 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 718, Al Alka 3

What is 718 worth today?

Last sold for AED 1,620,000 in 2008

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15 Nov 2024RentedRenewal
AED 109,148/yr12 months · AED 85 per sqft
15 Nov 2023RentedRenewal
AED 103,950/yr12 months · AED 81 per sqft
15 Nov 2022RentedRenewal
AED 99,000/yr12 months · AED 77 per sqft
15 Nov 2021RentedNew contract
AED 90,000/yr12 months · AED 70 per sqft
26 Jul 2020RentedRenewal
AED 90,000/yr12 months · AED 70 per sqft
26 Jul 2019RentedRenewal
AED 105,000/yr12 months · AED 82 per sqft
26 Mar 2019RentedRenewal
AED 130,355/yr4 months · AED 101 per sqft
26 Mar 2017RentedRenewal
AED 135,000/yr12 months · AED 105 per sqft

Source: Dubai Land Department. Updated 15 November 2024.

Key facts

Type
2-bed apartment
Size
1,286 sqft
Floor
7th of 41
Parking
B-218
Service charge
AED 29,100 /yr
Last sold
AED 1.62M · March 2008
Building
Al Alka 3

About 718, Al Alka 3

718 is a two-bedroom apartment of 1,286 sqft on the 7th floor of Al Alka 3, a 41-storey tower in The Greens. The developer sold it on 17 March 2008 for AED 1,620,000, or AED 1,259 per sqft.

It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, renewed on 15 November 2024, is AED 109,148 a year: a gross yield of 6.7% on the 2008 price, before the service charge of about AED 29,100 a year.

Sales and rents for 718 over time

Sales
Unit 718, 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 2008: AED 1,620,000 (AED 1,259 per sqft)

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

Rents
Unit 718, 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, July 2013: AED 92,500 a yearNew contract, July 2015: AED 120,000 a yearNew contract, March 2016: AED 135,000 a yearRenewal, March 2017: AED 135,000 a yearRenewal, March 2019: AED 130,355 a yearRenewal, July 2019: AED 105,000 a yearRenewal, July 2020: AED 90,000 a yearNew contract, November 2021: AED 90,000 a yearRenewal, November 2022: AED 99,000 a yearRenewal, November 2023: AED 103,950 a yearRenewal, November 2024: AED 109,148 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 718 sits

All 32 2-beds →

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. 718's AED 109,148 is at the bottom 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 7th floor

All 117 units in Al Alka 3
Value
7151-bedAED 565K · Sep 2020
7161-bedAED 592K · Aug 2021
7172-bedAED 2.2M · Jun 2025
7192-bedAED 1.35M · Apr 2018

718, Al Alka 3 in numbers

  • Sold once: by the developer on 17 March 2008 for AED 1,620,000, or AED 1,259 per sqft.
  • Rented since July 2013 on 11 Ejari contracts, from AED 92,500 to AED 109,148 a year.
  • At AED 109,148 a year the gross yield on the 2008 price is 6.7%, 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 15 November 2024.

Questions about 718, Al Alka 3

What did unit 718 last sell for?

AED 1,620,000 on 17 March 2008, sold by the developer: AED 1,259 per sqft for 1,286 sqft. It is the only registered sale of the unit.

What is the rent for unit 718?

AED 109,148 a year on the contract renewed on 15 November 2024. The previous contract, from November 2023, was AED 103,950; the unit has been rented since July 2013.

How big is unit 718?

1,286 sqft (119.5 sqm): a two-bedroom apartment on the 7th floor of a 41-storey tower.

What is unit 718 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 718, Al Alka 3

Starts from the last sale price (AED 1.62M, 17 March 2008). Switch to today's estimate once you have unlocked it.
Price
AED 1,620,000
Deposit, UAE resident (20%)
AED 324,000
Deposit, non-resident (40%)
AED 648,000
Monthly over 25 years at 3.7%
AED 6,628

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