2-bed · 1,305 sqftAl Arta 3, The Greens · 1st floor

118, Al Arta 3

Sold prices and rental history: sold 3 times, last in December 2019, and rented once, from January 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 118 · DLD and Ejari recordsUpdated 11 December 2019
Last soldAED 1.13M11 December 2019
Current rentAED 180K /yr1 January 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 118, Al Arta 3

What is 118 worth today?

Last sold for AED 1,125,000 in 2019

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11 Dec 2019SoldReady
AED 1,125,000AED 862 per sqft
1 Jan 2018RentedNew contract
AED 180,000/yr6 months · AED 138 per sqft
3 Oct 2011SoldReady
AED 850,000AED 651 per sqft
2 Oct 2011Sold by developerReady
AED 620,000AED 475 per sqft

Source: Dubai Land Department. Updated 11 December 2019.

Key facts

Type
2-bed apartment
Size
1,305 sqft
Floor
1st of 7
Parking
249
Service charge
AED 20,200 /yr
Last sold
AED 1.13M · December 2019
Building
Al Arta 3

About 118, Al Arta 3

118 is a two-bedroom apartment of 1,305 sqft on the 1st floor of Al Arta 3, a 7-storey tower in The Greens. It last sold on 11 December 2019 for AED 1,125,000, or AED 862 per sqft, 7% above the AED 804 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 January 2018. The current contract, signed on 1 January 2018, is AED 180,000 a year: a gross yield of 16.0% on the 2019 price, before the service charge of about AED 20,200 a year.

Sales and rents for 118 over time

Sales
Unit 118, each saleTypical two-bed in Al Arta 3
1M2M2008201320182023Typical sale price by year: 2008 AED 1,107,500; 2009 AED 514,800; 2010 AED 935,000; 2011 AED 647,800; 2012 AED 1,175,000; 2019 AED 930,000; 2020 AED 867,815; 2022 AED 1,250,000; 2024 AED 1,780,000Sold, October 2011: AED 850,000 (AED 651 per sqft)Sold by developer, October 2011: AED 620,000 (AED 475 per sqft)Sold, December 2019: AED 1,125,000 (AED 862 per sqft)

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

Rents
Unit 118, each contractTypical two-bed in Al Arta 3
100K150K2012201620202024Typical rent by year: 2012 AED 90,000; 2013 AED 97,500; 2014 AED 105,000; 2015 AED 125,000; 2016 AED 127,500; 2017 AED 115,000; 2018 AED 110,000; 2019 AED 95,000; 2020 AED 81,000; 2021 AED 73,500; 2022 AED 88,000; 2023 AED 93,250; 2024 AED 105,845; 2025 AED 130,000; 2026 AED 135,500New contract, January 2018: AED 180,000 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 Arta 3, and where 118 sits

All 32 2-beds →

118 last sold in December 2019 at AED 862 per sqft, 7% above what two-beds in Al Arta 3 were fetching at the time (AED 804). 118's AED 180,000 is at the top of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
18 Jul 20251,717,000
20 Mar 20251,910,000
27 Dec 20242,150,000
9 Dec 20242,060,000
0 2-bed sales in the last 12 months

Al Arta 3

Building

118 apartments, studios to 2-bed over 7 floors in The Greens. 5 sold in the last 12 months.

Typical price per sqft
AED 1,905
Typical sale
AED 1.3M
Typical rent
AED 90K /yr
Typical yield
5.9%
Al Arta 3, The Greens: prices, sales and rents →

Other units on the 1st floor

All 118 units in Al Arta 3
Value
1011-bedAED 410K · Jan 2013
1021-bedAED 1.28M · Jan 2024
1031-bedAED 945K · Jun 2010
1041-bedAED 1.53M · Jan 2026
1052-bedAED 1.9M · Feb 2016
1061-bedAED 1.08M · Apr 2024
1071-bedAED 1.18M · Nov 2024
1–7 of 20

118, Al Arta 3 in numbers

  • Sold 3 times: first on 2 October 2011 for AED 620,000, last on 11 December 2019 for AED 1,125,000 (AED 862 per sqft).
  • Rented since January 2018 on one Ejari contract, at AED 180,000 a year.
  • At AED 180,000 a year the gross yield on the 2019 price is 16.0%, before a service charge of about AED 20,200 a year (AED 15.45 per sqft).

Source: Dubai Land Department. Updated 11 December 2019.

Questions about 118, Al Arta 3

What did unit 118 last sell for?

AED 1,125,000 on 11 December 2019: AED 862 per sqft for 1,305 sqft. The unit has 3 registered sales; the first was AED 620,000 in October 2011.

What is the rent for unit 118?

AED 180,000 a year on the contract signed on 1 January 2018.

How big is unit 118?

1,305 sqft (121.2 sqm): a two-bedroom 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.

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Mortgage on 118, Al Arta 3

Starts from the last sale price (AED 1.13M, 11 December 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,125,000
Deposit, UAE resident (20%)
AED 225,000
Deposit, non-resident (40%)
AED 450,000
Monthly over 25 years at 3.7%
AED 4,603

Plus AED 52,260 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →