2-bed · 1,397 sqftTaraf 2 Residence, Jumeirah Village Triangle (JVT) · 5th floor · completed 2023

501, Taraf 2 Residence

Sold prices and rental history: sold twice, last in September 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 501 · DLD and Ejari recordsUpdated 8 September 2023
Last soldAED 1.6M8 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 501, Taraf 2 Residence

What is 501 worth today?

Last sold for AED 1,600,000 in 2023

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8 Sep 2023SoldReady
AED 1,600,000AED 1,145 per sqft
6 Jun 2022Sold by developerOff-plan
AED 1,080,000AED 773 per sqft

Source: Dubai Land Department. Updated 8 September 2023.

Key facts

Type
2-bed apartment
Size
1,397 sqft
Floor
5th of 5
Parking
B-63
Developer
Taraf Properties DMCC
Completed
2023
Last sold
AED 1.6M · September 2023

About 501, Taraf 2 Residence

501 is a two-bedroom apartment of 1,397 sqft on the 5th 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 8 September 2023 for AED 1,600,000, or AED 1,145 per sqft, 26% above the AED 907 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 501 over time

Sales
Unit 501, each saleTypical two-bed in Taraf 2 Residence
1M1.5M2M2022202320242025Typical sale price by year: 2022 AED 1,365,000; 2023 AED 1,390,000; 2024 AED 2,050,000Sold by developer, June 2022: AED 1,080,000 (AED 773 per sqft)Sold, September 2023: AED 1,600,000 (AED 1,145 per sqft)

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

Rents
Unit 501, each contractTypical two-bed in Taraf 2 Residence
100K120K2024202520262027Typical rent by year: 2024 AED 117,500; 2025 AED 93,500; 2026 AED 125,000

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Taraf 2 Residence, and where 501 sits

All 20 2-beds →

501 last sold in September 2023 at AED 1,145 per sqft, 26% above what two-beds in Taraf 2 Residence were fetching at the time (AED 907). Over the last 12 months two-beds sold for AED 2,100,000, around AED 1,095 per sqft, and rent for AED 79,000 to 135,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
8 May 20262,100,000
21 Nov 20242,200,000
5 Sep 20242,100,000
24 Jul 20242,050,000
1 2-bed sale in the last 12 months

Taraf 2 Residence

Building

94 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%
Taraf 2 Residence, Jumeirah Village Triangle (JVT): prices, sales and rents →

Other units on the 5th floor

All 94 units in Taraf 2 Residence
Value
5021-bedAED 885K · Nov 2022
5031-bedAED 890K · Jan 2023
5041-bedAED 890K · Feb 2023
5051-bedAED 720K · Jul 2022
5062-bedAED 1.39M · Apr 2023
5071-bedAED 930K · Apr 2023
5081-bedAED 1M · Oct 2026
1–7 of 15

501, Taraf 2 Residence in numbers

  • Sold twice: first on 6 June 2022 for AED 1,080,000, last on 8 September 2023 for AED 1,600,000 (AED 1,145 per sqft).
  • Two-beds in Taraf 2 Residence sold for AED 2,100,000–2,100,000 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 8 September 2023.

Questions about 501, Taraf 2 Residence

What did unit 501 last sell for?

AED 1,600,000 on 8 September 2023: AED 1,145 per sqft for 1,397 sqft. The unit has 2 registered sales; the first was AED 1,080,000 in June 2022.

How big is unit 501?

1,397 sqft (129.8 sqm): a two-bedroom apartment on the 5th floor of a 5-storey tower completed in 2023.

What is unit 501 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Taraf 2 Residence sold for AED 2,100,000 to 2,100,000 in the last 12 months, around AED 1,095 per sqft.

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Mortgage on 501, Taraf 2 Residence

Starts from the last sale price (AED 1.6M, 8 September 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,600,000
Deposit, UAE resident (20%)
AED 320,000
Deposit, non-resident (40%)
AED 640,000
Monthly over 25 years at 3.7%
AED 6,546

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