Zaafaran 1
One-beds to three-beds in The Old Town. 1 apartment sold in the last 12 months; every sale, rent and unit is below.
About Zaafaran 1
Zaafaran 1 is a low-rise residential building within Old Town, a sub-community of Downtown Dubai known for traditional Arabian-inspired architecture and pedestrian-friendly streetscapes. Developed by Emaar, the building sits just off Sheikh Mohammed bin Rashid Boulevard, placing residents close to landmark attractions such as Burj Khalifa, The Dubai Mall and the Dubai Fountain while preserving a quieter, courtyard-focused ambience. Homes in Zaafaran 1 are predominantly 1-, 2- and 3-bedroom apartments. Finishes and exteriors follow the sand-toned Old Town aesthetic with natural stone elements, shaded colonnades and wind-tower motifs. Layouts typically include fitted kitchens, built-in wardrobes and balconies; select ground-floor residences feature terraces or private gardens opening to landscaped walkways and internal courtyards. As a modern freehold development, the building offers high-speed elevators, central air conditioning and covered parking allocated in line with apartment size. Lifestyle amenities include a residents’ gym and swimming pool, a spa facility and a dedicated children’s play area, with on-site security supported by CCTV and regular maintenance services. The wider Old Town setting adds pocket parks, community lawns and a network of cafes, supermarkets and everyday retail within walking distance. Connectivity is straightforward: the Burj Khalifa/Dubai Mall Metro Station on the Red Line is a short drive away, with frequent taxis and bus services operating around the Boulevard. Major roads such as Financial Centre Road and Al Khail Road are accessible within minutes, giving convenient links to Business Bay, DIFC and other key districts. Many apartments enjoy views toward the Boulevard, community gardens or the Downtown skyline, combining neighborhood charm with proximity to the city’s busiest commercial and leisure hub.
45 apartments over 4 floors: 19 one-beds of 785 to 1,231 sqft, 18 two-beds of 1,185 to 2,394 sqft and 8 three-beds of 1,887 to 2,159 sqft. The service charge is AED 21.94 per sqft a year.
1 apartment sold in the 12 months to September 2026, at a median of AED 2,366 per sqft. 13 rental contracts were registered over the same 12 months, at a typical AED 132,000 a year.
- Developer
- Emaar
- Completed
- 2006
- Floors
- 4
- Units
- 45
- Unit types
- 1-bed to 3-bed
Average prices in Zaafaran 1
- 1-bed2,400,000
In Zaafaran 1, typical sale prices over the last 12 months were around AED 2,400,000 for one-beds.
Last 12 months of DLD sales, median per type. Each type links to its own page with every unit and its history.
Price history in Zaafaran 1
Every registered sale in the last 12 months; the dashed line is the trend, grey dots are flagged outliers left out of it.
Transaction history in Zaafaran 1
- Completed1-bed · 1,013 sqft 26 Jun 2026AED 2,400,0002,367 /sqft
- Completed2-bed · 1,632 sqft 22 Jul 2025AED 3,400,0002,083 /sqft
- Completed1-bed · 785 sqft 11 Dec 2024AED 1,785,0002,274 /sqft
- Completed2-bed · 1,335 sqft 05 Dec 2024AED 3,200,0002,397 /sqft
- Completed1-bed · 1,230 sqft 19 Nov 2024AED 2,550,0002,072 /sqft
- Completed2-bed · 1,337 sqft 08 May 2024AED 2,550,0001,906 /sqft
- Completed2-bed · 2,393 sqft 22 Feb 2024AED 3,700,0001,546 /sqft
- Completed2-bed · 1,335 sqft 24 Nov 2023AED 2,625,0001,966 /sqft
- Completed1-bed · 1,230 sqft 06 Jul 2023AED 1,925,0001,564 /sqft
- Completed1-bed · 1,013 sqft 23 Jun 2023AED 1,890,0001,864 /sqft
Over the last 12 months, Zaafaran 1 has recorded 1 apartment sale. Typical homes sold for around AED 2.4M (about AED 2,366 per sqft) with a median size of 1,014 sqft; most were one-beds.
Units in Zaafaran 1
45 units- Unit 1011-bed · 1,106 sqftSold AED 498K, Aug 2009
- Unit 1021-bed · 805 sqftSold AED 486K, Nov 2009
- Unit 1032-bed · 1,335 sqftSold AED 3.2M, Dec 2024
- Unit 1042-bed · 2,394 sqftSold AED 3.7M, Feb 2024
- Unit 1053-bed · 1,887 sqftSold AED 3.8M, May 2023
- Unit 1061-bed · 1,231 sqftSold AED 2.55M, Nov 2024
- Unit 1071-bed · 1,014 sqftSold AED 2.4M, Jun 2026
- Unit 1082-bed · 1,338 sqftSold AED 2.8M, May 2014
- Unit 1093-bed · 2,155 sqftSold AED 4.55M, Nov 2013
- Unit 1102-bed · 1,282 sqftSold AED 2.5M, Mar 2023
Nearby buildings in The Old Town
All 35 →| Building | Completed | Sale /sqft | Rent /sqft | Yield |
|---|---|---|---|---|
| Reehan 4 | 2006 | AED 1,979 | AED 122 | 6.2% |
| Zaafaran 5 | 2006 | Few sales | AED 117 | |
| Zaafaran 4 | 2006 | AED 2,329 | AED 128 | 5.5% |
| Reehan 8 | 2006 | AED 2,193 | AED 133 | 6.1% |
| Zaafaran 3 | 2006 | AED 2,355 | AED 129 | 5.5% |
| Reehan 1 | 2006 | AED 2,377 | AED 127 | 5.3% |
| Reehan 2 | 2006 | Few sales | AED 135 | |
| Zaafaran 2 | 2006 | AED 2,124 | AED 126 | 5.9% |
| Reehan 3 | 2006 | AED 2,662 | AED 117 | 4.4% |
| Reehan 7 | 2006 | AED 2,404 | AED 133 | 5.5% |
Zaafaran 1 in numbers
- Across 1 DLD sale in the 12 months to September 2026, the median price in Zaafaran 1 was AED 2,366 per sqft and the typical home sold for about AED 2.4M.
- Completed in 2006 by Emaar; 4 floors of one-beds to three-beds; service charge AED 21.94 per sqft a year.
- An one-bed of 785 to 1,231 sqft rents for AED 100,800 to 120,750 a year on the 6 contracts registered in the last 12 months.
- Gross rental yield 5.8%: the median rent per sqft over the median sale price per sqft, before service charges.
Source: Dubai Land Department. Updated 30 September 2026.
Questions about Zaafaran 1
How much does an one-bed in Zaafaran 1 cost?
1 one-bed sold in the 12 months to September 2026; the median was AED 2,400,000, or AED 2,366 per sqft.
How much is an one-bed for rent in Zaafaran 1?
About AED 115,000 a year: that is the median of the 6 contracts for one-beds registered with Ejari in the 12 months to September 2026, from AED 100,800 to 120,750.
What is the rental yield in Zaafaran 1?
About 5.8% gross across the building, before service charges: the median rent per sqft over the median sale price per sqft in the last 12 months.
What is the service charge in Zaafaran 1?
AED 21.94 per sqft a year. For a typical 1,014 sqft home that is about AED 22,200 a year.
Who built Zaafaran 1 and when?
Emaar; completed in 2006; 4 floors; 45 apartments.
How many apartments are there in Zaafaran 1?
45, one-beds to three-beds. Each has its own page with its full sales and rental history.
For sale with OpenOffers in The Old Town
No The Old Town property is on the board today. Follow The Old Town to hear the day one is listed, or see what is for sale across Dubai with every offer public.