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1-bed · 752 sqftAl Arta 2, The Greens · 5th floor

515, Al Arta 2

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

Unit 515 · DLD and Ejari recordsUpdated 3 March 2024
Last soldAED 700K25 May 2022
Current rentAED 60K /yr3 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 515, Al Arta 2

What is 515 worth today?

Last sold for AED 700,000 in 2022

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3 Mar 2024RentedRenewal
AED 60,000/yr12 months · AED 80 per sqft
25 May 2022SoldReady
AED 700,000AED 931 per sqft
3 Mar 2022RentedNew contract
AED 55,000/yr12 months · AED 73 per sqft
8 Dec 2020RentedNew contract
AED 52,000/yr12 months · AED 69 per sqft
8 Dec 2019RentedRenewal
AED 57,000/yr12 months · AED 76 per sqft
3 Dec 2017RentedNew contract
AED 70,000/yr12 months · AED 93 per sqft
7 May 2016RentedNew contract
AED 80,000/yr12 months · AED 106 per sqft
24 Apr 2014RentedNew contract
AED 69,231/yr12 months · AED 92 per sqft

Source: Dubai Land Department. Updated 3 March 2024.

Key facts

Type
1-bed apartment
Size
752 sqft
Floor
5th of 7
Parking
461
Service charge
AED 11,600 /yr
Last sold
AED 700K · May 2022
Building
Al Arta 2

About 515, Al Arta 2

515 is a one-bedroom apartment of 752 sqft on the 5th floor of Al Arta 2, a 7-storey tower in The Greens. It last sold on 25 May 2022 for AED 700,000, or AED 931 per sqft, 5% above the AED 890 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 3 March 2024, is AED 60,000 a year: a gross yield of 8.6% on the 2022 price, before the service charge of about AED 11,600 a year.

Sales and rents for 515 over time

Sales
Unit 515, each saleTypical one-bed in Al Arta 2
01M2007201220172022Typical 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, January 2008: AED 187,400 (AED 249 per sqft)Sold, May 2022: AED 700,000 (AED 931 per sqft)

515 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 515, 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, April 2013: AED 65,000 a yearNew contract, April 2014: AED 69,231 a yearNew contract, May 2016: AED 80,000 a yearNew contract, December 2017: AED 70,000 a yearRenewal, December 2019: AED 57,000 a yearNew contract, December 2020: AED 52,000 a yearNew contract, March 2022: AED 55,000 a yearRenewal, March 2024: AED 60,000 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 515 sits

All 63 1-beds →

515 last sold in May 2022 at AED 931 per sqft, 5% above what one-beds in Al Arta 2 were fetching at the time (AED 890). 515's AED 60,000 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 5th floor

All 118 units in Al Arta 2
Value
5161-bedAED 490K · Oct 2011
5172-bedAED 1.08M · Jan 2023
5182-bedAED 1.18M · Mar 2019
5192-bedAED 1.77M · Oct 2024

515, Al Arta 2 in numbers

  • Sold twice: first on 8 January 2008 for AED 187,400, last on 25 May 2022 for AED 700,000 (AED 931 per sqft).
  • Rented since April 2013 on 8 Ejari contracts. The rent fell from AED 65,000 to AED 52,000 in 2020 and recovered to AED 60,000 by March 2024.
  • At AED 60,000 a year the gross yield on the 2022 price is 8.6%, before a service charge of about AED 11,600 a year (AED 15.45 per sqft).

Source: Dubai Land Department. Updated 3 March 2024.

Questions about 515, Al Arta 2

What did unit 515 last sell for?

AED 700,000 on 25 May 2022: AED 931 per sqft for 752 sqft. The unit has 2 registered sales; the first was AED 187,400 in January 2008.

What is the rent for unit 515?

AED 60,000 a year on the contract renewed on 3 March 2024. The previous contract, from March 2022, was AED 55,000; the unit has been rented since April 2013.

How big is unit 515?

752 sqft (69.9 sqm): a one-bedroom apartment on the 5th floor of a 7-storey tower.

What is unit 515 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 515, Al Arta 2

Starts from the last sale price (AED 700K, 25 May 2022). Switch to today's estimate once you have unlocked it.
Price
AED 700,000
Deposit, UAE resident (20%)
AED 140,000
Deposit, non-resident (40%)
AED 280,000
Monthly over 25 years at 3.7%
AED 2,864

Plus AED 34,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →