118, Taraf 2 Residence
Sold prices and rental history: sold twice, last in March 2024, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 118, Taraf 2 Residence
What is 118 worth today?
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Source: Dubai Land Department. Updated 1 May 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 993 sqft
- Floor
- 1st of 5
- Parking
- B-01
- Developer
- Taraf Properties DMCC
- Completed
- 2023
- Last sold
- AED 1.4M · March 2024
- Building
- Taraf 2 Residence
About 118, Taraf 2 Residence
118 is a one-bedroom apartment of 993 sqft on the 1st floor of Taraf 2 Residence, a 5-storey tower in Jumeirah Village Triangle (JVT) completed in 2023 by Taraf Properties DMCC. It last sold on 25 March 2024 for AED 1,400,000, or AED 1,409 per sqft, 44% above the AED 979 one-beds in the building were fetching at the time.
It has been rented since 2025 on 2 Ejari contracts. The current contract, renewed on 1 May 2026, is AED 90,000 a year: a gross yield of 6.4% on the 2024 price.
Sales and rents for 118 over time
118 has sold twice; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Taraf 2 Residence, and where 118 sits
All 70 1-beds →118 last sold in March 2024 at AED 1,409 per sqft, 44% above what one-beds in Taraf 2 Residence were fetching at the time (AED 979). Over the last 12 months one-beds sold for AED 1,000,000 to 1,500,000, around AED 1,137 per sqft, and rent for AED 73,000 to 125,000 a year. 118's AED 90,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 29 Oct 202629 October 2026 | 1,054 sqft | 1,330,000 | 1,261 | ||
| 27 Oct 202627 October 2026 | 928 sqft | 1,000,000 | 1,077 | ||
| 7 Oct 20267 October 2026 | 984 sqft | 1,300,000 | 1,321 | ||
| 22 Jul 202622 July 2026 | 1,098 sqft | 1,100,000 | 1,001 |
Taraf 2 Residence
Building94 apartments, studios to 2-bed over 5 floors in Jumeirah Village Triangle (JVT), completed in 2023 by Taraf Properties DMCC. 10 sold in the last 12 months.
- Typical price per sqft
- AED 1,116
- Typical sale
- AED 1.33M
- Typical rent
- AED 87K /yr
- Typical yield
- 7.3%
Other units on the 1st floor
All 94 units in Taraf 2 Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 101 | 1-bed | 874 sqft | AED 840KAED 840,000 · Aug 2022August 2022 | ||
| 102 | 1-bed | 923 sqft | AED 885KAED 885,000 · Dec 2022December 2022 | 73,000 /yr | |
| 103 | 1-bed | 1,162 sqft | AED 1.08MAED 1,080,000 · Oct 2023October 2023 | ||
| 104 | 1-bed | 1,115 sqft | AED 1.05MAED 1,050,000 · Oct 2023October 2023 | 80,000 /yr | |
| 105 | 1-bed | 1,078 sqft | AED 1.05MAED 1,050,000 · Oct 2023October 2023 | ||
| 106 | 1-bed | 979 sqft | AED 970KAED 970,000 · Oct 2023October 2023 | ||
| 107 | 2-bed | 1,675 sqft | AED 1.39MAED 1,390,000 · Apr 2023April 2023 | 135,000 /yr | |
| 108 | 1-bed | 1,091 sqft | AED 960KAED 960,000 · Jun 2023June 2023 | ||
| 109 | Studio | 652 sqft | AED 570KAED 570,000 · Mar 2022March 2022 | ||
| 110 | 1-bed | 1,177 sqft | AED 1.02MAED 1,020,000 · Oct 2022October 2022 | 85,000 /yr | |
| 111 | 1-bed | 1,270 sqft | AED 1.02MAED 1,020,000 · Jun 2022June 2022 | ||
| 112 | 2-bed | 1,722 sqft | AED 2.05MAED 2,050,000 · Jul 2024July 2024 | ||
| 113 | 2-bed | 1,514 sqft | AED 1.6MAED 1,600,000 · Dec 2022December 2022 | ||
| 114 | Studio | 498 sqft | AED 500KAED 500,000 · Apr 2022April 2022 | 50,000 /yr | |
| 115 | 1-bed | 993 sqft | AED 1.15MAED 1,150,000 · Mar 2023March 2023 | 100,000 /yr | |
| 116 | 1-bed | 994 sqft | AED 1.15MAED 1,150,000 · Feb 2023February 2023 | 125,000 /yr | |
| 117 | 1-bed | 990 sqft | AED 950KAED 950,000 · Aug 2022August 2022 |
118, Taraf 2 Residence in numbers
- Sold twice: first on 24 August 2022 for AED 955,000, last on 25 March 2024 for AED 1,400,000 (AED 1,409 per sqft).
- Rented since May 2025 on 2 Ejari contracts, at AED 90,000 a year.
- At AED 90,000 a year the gross yield on the 2024 price is 6.4%.
- One-beds in Taraf 2 Residence sold for AED 1,000,000–1,500,000 in the 12 months to November 2026; the building's median across all types is AED 1,116 per sqft.
Source: Dubai Land Department. Updated 1 May 2026.
Questions about 118, Taraf 2 Residence
What did unit 118 last sell for?
AED 1,400,000 on 25 March 2024: AED 1,409 per sqft for 993 sqft. The unit has 2 registered sales; the first was AED 955,000 in August 2022.
What is the rent for unit 118?
AED 90,000 a year on the contract renewed on 1 May 2026. The previous contract, from May 2025, was AED 90,000.
How big is unit 118?
993 sqft (92.3 sqm): a one-bedroom apartment on the 1st floor of a 5-storey tower completed in 2023.
What is unit 118 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Taraf 2 Residence sold for AED 1,000,000 to 1,500,000 in the last 12 months, around AED 1,137 per sqft.
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Mortgage on 118, Taraf 2 Residence
Starts from the last sale price (AED 1.4M, 25 March 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,400,000
- Deposit, UAE resident (20%)
- AED 280,000
- Deposit, non-resident (40%)
- AED 560,000
- Monthly over 25 years at 3.7%
- AED 5,728
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →