1,305 sqftAl Arta 1, The Greens · 1st floor

118, Al Arta 1

Sold prices and rental history: sold once, by the developer in June 2013, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 118 · DLD and Ejari recordsUpdated 31 July 2023
Last soldAED 1.62M3 June 2013
Current rentAED 99K /yr31 July 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 118, Al Arta 1

What is 118 worth today?

Last sold for AED 1,619,512 in 2013

Unlock today's estimate, updated daily, with

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

31 Jul 2023RentedRenewal
AED 99,000/yr12 months · AED 76 per sqft
31 Jul 2022RentedNew contract
AED 90,000/yr12 months · AED 69 per sqft
25 Jul 2021RentedNew contract
AED 80,000/yr12 months · AED 61 per sqft
2 Nov 2020RentedRenewal
AED 80,000/yr12 months · AED 61 per sqft
2 Nov 2019RentedNew contract
AED 80,000/yr12 months · AED 61 per sqft
10 May 2018RentedNew contract
AED 120,000/yr12 months · AED 92 per sqft
10 Jan 2018RentedRenewal
AED 120,000/yr12 months · AED 92 per sqft
10 Jan 2017RentedNew contract
AED 120,000/yr12 months · AED 92 per sqft

Source: Dubai Land Department. Updated 31 July 2023.

Key facts

Type
Apartment
Size
1,305 sqft
Floor
1st of 7
Parking
10
Service charge
AED 20,200 /yr
Last sold
AED 1.62M · June 2013
Building
Al Arta 1

About 118, Al Arta 1

118 is an apartment of 1,305 sqft on the 1st floor of Al Arta 1, a 7-storey tower in The Greens. The developer sold it on 3 June 2013 for AED 1,619,512, or AED 1,241 per sqft.

It has been rented continuously since 2012 on 10 Ejari contracts. The current contract, renewed on 31 July 2023, is AED 99,000 a year: a gross yield of 6.1% on the 2013 price, before the service charge of about AED 20,200 a year.

Al Arta 1

Building

108 apartments, 1-bed to 2-bed over 7 floors in The Greens. 2 sold in the last 12 months.

Typical price per sqft
AED 1,596
Typical sale
AED 1.46M
Typical rent
AED 114K /yr
Typical yield
6.9%
Al Arta 1, The Greens: prices, sales and rents →

Other units on the 1st floor

All 108 units in Al Arta 1
Value
1011-bedAED 410K · Jun 2010
1021-bedAED 588K · Feb 2014
1031-bedAED 1M · Dec 2023
1041-bedAED 1.2M · Aug 2013
1052-bedAED 704K · Sep 2013
1061-bedAED 870K · May 2013
1071-bedAED 1.17M · Nov 2024
1–7 of 18

118, Al Arta 1 in numbers

  • Sold once: by the developer on 3 June 2013 for AED 1,619,512, or AED 1,241 per sqft.
  • Rented since August 2012 on 10 Ejari contracts, from AED 77,500 to AED 99,000 a year.
  • At AED 99,000 a year the gross yield on the 2013 price is 6.1%, before a service charge of about AED 20,200 a year (AED 15.45 per sqft).

Source: Dubai Land Department. Updated 31 July 2023.

Questions about 118, Al Arta 1

What did unit 118 last sell for?

AED 1,619,512 on 3 June 2013, sold by the developer: AED 1,241 per sqft for 1,305 sqft. It is the only registered sale of the unit.

What is the rent for unit 118?

AED 99,000 a year on the contract renewed on 31 July 2023. The previous contract, from July 2022, was AED 90,000; the unit has been rented since August 2012.

How big is unit 118?

1,305 sqft (121.2 sqm): an apartment on the 1st floor of a 7-storey tower.

What is unit 118 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

Selling 118? 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 118, Al Arta 1

Starts from the last sale price (AED 1.62M, 3 June 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,619,512
Deposit, UAE resident (20%)
AED 323,902
Deposit, non-resident (40%)
AED 647,805
Monthly over 25 years at 3.7%
AED 6,626

Plus AED 73,029 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →