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1-bed · 741 sqftAl Arta 2, The Greens · 1st floor

115, Al Arta 2

Sold prices and rental history: sold 3 times, last in December 2022, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 115 · DLD and Ejari recordsUpdated 1 June 2024
Last soldAED 760K13 December 2022
Current rentAED 68K /yr1 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 115, Al Arta 2

What is 115 worth today?

Last sold for AED 760,000 in 2022

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1 Jun 2024RentedRenewal
AED 68,250/yr12 months · AED 92 per sqft
1 Jun 2023RentedNew contract
AED 65,000/yr12 months · AED 88 per sqft
13 Dec 2022SoldReady
AED 760,000AED 1,026 per sqft
26 Sep 2022RentedNew contract
AED 60,000/yr12 months · AED 81 per sqft
15 Aug 2021RentedNew contract
AED 44,000/yr12 months · AED 59 per sqft
15 May 2020RentedRenewal
AED 50,000/yr12 months · AED 67 per sqft
15 May 2019RentedRenewal
AED 63,000/yr12 months · AED 85 per sqft
15 May 2018RentedRenewal
AED 70,000/yr12 months · AED 94 per sqft

Source: Dubai Land Department. Updated 1 June 2024.

Key facts

Type
1-bed apartment
Size
741 sqft
Floor
1st of 7
Parking
400
Service charge
AED 11,400 /yr
Last sold
AED 760K · December 2022
Building
Al Arta 2

About 115, Al Arta 2

115 is a one-bedroom apartment of 741 sqft on the 1st floor of Al Arta 2, a 7-storey tower in The Greens. It last sold on 13 December 2022 for AED 760,000, or AED 1,026 per sqft, 9% above the AED 939 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 1 June 2024, is AED 68,250 a year: a gross yield of 9.0% on the 2022 price, before the service charge of about AED 11,400 a year.

Sales and rents for 115 over time

Sales
Unit 115, each saleTypical one-bed in Al Arta 2
500K1M2007201220172022Typical sale price by year: 2007 AED 384,800; 2008 AED 659,200; 2009 AED 830,000; 2010 AED 624,000; 2011 AED 610,000; 2012 AED 705,000; 2013 AED 411,300; 2014 AED 1,150,000; 2015 AED 1,070,000; 2016 AED 1,060,000; 2017 AED 1,000,000; 2020 AED 565,000; 2022 AED 700,000; 2023 AED 900,000; 2024 AED 1,200,000; 2025 AED 1,300,000Sold by developer, June 2010: AED 840,000 (AED 1,134 per sqft)Sold, June 2014: AED 1,050,000 (AED 1,417 per sqft)Sold, December 2022: AED 760,000 (AED 1,026 per sqft)

115 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 115, each contractTypical one-bed in Al Arta 2
50K75K2012201620202024Typical rent by year: 2012 AED 55,650; 2013 AED 70,000; 2014 AED 75,000; 2015 AED 84,000; 2016 AED 84,000; 2017 AED 78,750; 2018 AED 70,000; 2019 AED 60,000; 2020 AED 50,000; 2021 AED 45,000; 2022 AED 54,000; 2023 AED 66,275; 2024 AED 77,385; 2025 AED 85,000; 2026 AED 90,000New contract, June 2013: AED 70,000 a yearNew contract, June 2014: AED 73,500 a yearNew contract, July 2015: AED 82,000 a yearNew contract, October 2016: AED 80,000 a yearRenewal, May 2018: AED 70,000 a yearRenewal, May 2019: AED 63,000 a yearRenewal, May 2020: AED 50,000 a yearNew contract, August 2021: AED 44,000 a yearNew contract, September 2022: AED 60,000 a yearNew contract, June 2023: AED 65,000 a yearRenewal, June 2024: AED 68,250 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 Arta 2, and where 115 sits

All 63 1-beds →

115 last sold in December 2022 at AED 1,026 per sqft, 9% above what one-beds in Al Arta 2 were fetching at the time (AED 939). 115's AED 68,250 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
21 Jul 20251,560,000
15 Jul 20251,300,000
14 Jul 20251,150,000
26 May 20251,360,000
0 1-bed sales in the last 12 months

Al Arta 2

Building

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

Typical price per sqft
AED 1,705
Typical sale
AED 2.23M
Typical rent
AED 83K /yr
Typical yield
7.0%
Al Arta 2, The Greens: prices, sales and rents →

Other units on the 1st floor

All 118 units in Al Arta 2
Value
1011-bedAED 900K · Jul 2023
1021-bedAED 1.09M · Oct 2015
1031-bedAED 775K · Jul 2022
1041-bedAED 1.15M · Sep 2016
1052-bedAED 875K · Aug 2010
1061-bedAED 780K · Sep 2022
1071-bedAED 780K · Oct 2012
1–7 of 20

115, Al Arta 2 in numbers

  • Sold 3 times: first on 17 June 2010 for AED 840,000, last on 13 December 2022 for AED 760,000 (AED 1,026 per sqft).
  • Rented since June 2013 on 11 Ejari contracts. The rent fell from AED 70,000 to AED 44,000 in 2021 and recovered to AED 68,250 by June 2024.
  • At AED 68,250 a year the gross yield on the 2022 price is 9.0%, before a service charge of about AED 11,400 a year (AED 15.45 per sqft).

Source: Dubai Land Department. Updated 1 June 2024.

Questions about 115, Al Arta 2

What did unit 115 last sell for?

AED 760,000 on 13 December 2022: AED 1,026 per sqft for 741 sqft. The unit has 3 registered sales; the first was AED 840,000 in June 2010.

What is the rent for unit 115?

AED 68,250 a year on the contract renewed on 1 June 2024. The previous contract, from June 2023, was AED 65,000; the unit has been rented since June 2013.

How big is unit 115?

741 sqft (68.8 sqm): a one-bedroom apartment on the 1st floor of a 7-storey tower.

What is unit 115 worth today?

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

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Mortgage on 115, Al Arta 2

Starts from the last sale price (AED 760K, 13 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 760,000
Deposit, UAE resident (20%)
AED 152,000
Deposit, non-resident (40%)
AED 304,000
Monthly over 25 years at 3.7%
AED 3,109

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