516, Taraf 2 Residence
Sold prices and rental history: sold twice, last in October 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 516, Taraf 2 Residence
What is 516 worth today?
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Source: Dubai Land Department. Updated 29 October 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 777 sqft
- Floor
- 5th of 5
- Parking
- B-81
- Developer
- Taraf Properties DMCC
- Completed
- 2023
- Last sold
- AED 1.28M · October 2024
- Building
- Taraf 2 Residence
About 516, Taraf 2 Residence
516 is a one-bedroom apartment of 777 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 29 October 2024 for AED 1,280,000, or AED 1,647 per sqft, 37% above the AED 1,198 one-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 516 over time
516 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 516 sits
All 70 1-beds →516 last sold in October 2024 at AED 1,647 per sqft, 37% above what one-beds in Taraf 2 Residence were fetching at the time (AED 1,198). 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.
| 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 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 | ||
| 506 | 2-bed | 1,532 sqft | AED 1.39MAED 1,390,000 · Apr 2023April 2023 | 115,000 /yr | |
| 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, Taraf 2 Residence in numbers
- Sold twice: first on 4 July 2022 for AED 740,000, last on 29 October 2024 for AED 1,280,000 (AED 1,647 per sqft).
- 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 29 October 2024.
Questions about 516, Taraf 2 Residence
What did unit 516 last sell for?
AED 1,280,000 on 29 October 2024: AED 1,647 per sqft for 777 sqft. The unit has 2 registered sales; the first was AED 740,000 in July 2022.
How big is unit 516?
777 sqft (72.2 sqm): a one-bedroom apartment on the 5th floor of a 5-storey tower completed in 2023.
What is unit 516 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 516, Taraf 2 Residence
Starts from the last sale price (AED 1.28M, 29 October 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,280,000
- Deposit, UAE resident (20%)
- AED 256,000
- Deposit, non-resident (40%)
- AED 512,000
- Monthly over 25 years at 3.7%
- AED 5,237
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →