506, Taraf 2 Residence
Sold prices and rental history: sold once, by the developer in April 2023, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Taraf 2 Residence
What is 506 worth today?
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Source: Dubai Land Department. Updated 25 August 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,532 sqft
- Floor
- 5th of 5
- Parking
- B-68, B-69
- Developer
- Taraf Properties DMCC
- Completed
- 2023
- Last sold
- AED 1.39M · April 2023
- Building
- Taraf 2 Residence
About 506, Taraf 2 Residence
506 is a two-bedroom apartment of 1,532 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. The developer sold it on 6 April 2023 for AED 1,390,000, or AED 907 per sqft, in line with the AED 887 two-beds in the building were fetching at the time.
It has been rented since 2024 on 3 Ejari contracts. The current contract, renewed on 25 August 2026, is AED 115,000 a year: a gross yield of 8.3% on the 2023 price.
Sales and rents for 506 over time
506 has sold once; the dashed line is the two-bed median of each year in the building.
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 506 sits
All 20 2-beds →506 last sold in April 2023 at AED 907 per sqft, in line with what two-beds in Taraf 2 Residence were fetching at the time (AED 887). 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. 506's AED 115,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 8 May 20268 May 2026 | 1,917 sqft | 2,100,000 | 1,095 | ||
| 21 Nov 202421 November 2024 | 1,505 sqft | 2,200,000 | 1,461 | ||
| 5 Sep 20245 September 2024 | 1,608 sqft | 2,100,000 | 1,305 | ||
| 24 Jul 202424 July 2024 | 1,722 sqft | 2,050,000 | 1,190 |
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 5th floor
All 94 units in Taraf 2 Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,397 sqft | AED 1.6MAED 1,600,000 · Sep 2023September 2023 | ||
| 502 | 1-bed | 946 sqft | AED 885KAED 885,000 · Nov 2022November 2022 | 85,000 /yr | |
| 503 | 1-bed | 863 sqft | AED 890KAED 890,000 · Jan 2023January 2023 | 80,000 /yr | |
| 504 | 1-bed | 873 sqft | AED 890KAED 890,000 · Feb 2023February 2023 | 88,000 /yr | |
| 505 | 1-bed | 703 sqft | AED 720KAED 720,000 · Jul 2022July 2022 | ||
| 507 | 1-bed | 918 sqft | AED 930KAED 930,000 · Apr 2023April 2023 | ||
| 508 | 1-bed | 928 sqft | AED 1MAED 1,000,000 · Oct 2026October 2026 | 65,000 /yr | |
| 509 | 1-bed | 1,065 sqft | AED 1.22MAED 1,220,000 · Apr 2024April 2024 | 100,000 /yr | |
| 510 | 1-bed | 1,161 sqft | AED 1.04MAED 1,040,000 · Feb 2023February 2023 | 93,000 /yr | |
| 511 | 2-bed | 1,558 sqft | AED 1.4MAED 1,400,000 · May 2022May 2022 | 79,000 /yr | |
| 512 | 2-bed | 1,149 sqft | AED 1.02MAED 1,020,000 · Mar 2022March 2022 | ||
| 513 | 2-bed | 1,164 sqft | AED 1.03MAED 1,030,000 · Apr 2022April 2022 | ||
| 514 | 1-bed | 774 sqft | AED 740KAED 740,000 · Apr 2022April 2022 | ||
| 515 | 1-bed | 774 sqft | AED 720KAED 720,000 · May 2022May 2022 | 79,000 /yr | |
| 516 | 1-bed | 777 sqft | AED 1.28MAED 1,280,000 · Oct 2024October 2024 |
506, Taraf 2 Residence in numbers
- Sold once: by Taraf Properties DMCC on 6 April 2023 for AED 1,390,000, or AED 907 per sqft.
- Rented since August 2024 on 3 Ejari contracts, at AED 115,000 a year.
- At AED 115,000 a year the gross yield on the 2023 price is 8.3%.
- 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 25 August 2026.
Questions about 506, Taraf 2 Residence
What did unit 506 last sell for?
AED 1,390,000 on 6 April 2023, sold by the developer: AED 907 per sqft for 1,532 sqft. It is the only registered sale of the unit.
What is the rent for unit 506?
AED 115,000 a year on the contract renewed on 25 August 2026. The previous contract, from August 2025, was AED 115,000; the unit has been rented since August 2024.
How big is unit 506?
1,532 sqft (142.3 sqm): a two-bedroom apartment on the 5th floor of a 5-storey tower completed in 2023.
What is unit 506 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 506, Taraf 2 Residence
Starts from the last sale price (AED 1.39M, 6 April 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,390,000
- Deposit, UAE resident (20%)
- AED 278,000
- Deposit, non-resident (40%)
- AED 556,000
- Monthly over 25 years at 3.7%
- AED 5,687
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →