1-bed · 805 sqftZaafaran 1, The Old Town · 1st floor · completed 2006

102, Zaafaran 1

Sold prices and rental history: sold once, by the developer in November 2009, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 102 · DLD and Ejari recordsUpdated 12 December 2023
Last soldAED 486K24 November 2009
Current rentAED 90K /yr12 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 102, Zaafaran 1

What is 102 worth today?

Last sold for AED 486,444 in 2009

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12 Dec 2023RentedRenewal
AED 90,000/yr12 months · AED 112 per sqft
12 Dec 2022RentedRenewal
AED 82,000/yr12 months · AED 102 per sqft
12 Dec 2021RentedRenewal
AED 85,000/yr12 months · AED 106 per sqft
12 Dec 2020RentedRenewal
AED 64,000/yr12 months · AED 79 per sqft
12 Dec 2019RentedNew contract
AED 73,000/yr12 months · AED 91 per sqft
1 Nov 2018RentedNew contract
AED 82,000/yr12 months · AED 102 per sqft
11 Jun 2017RentedRenewal
AED 100,000/yr12 months · AED 124 per sqft
11 Jun 2016RentedNew contract
AED 100,000/yr12 months · AED 124 per sqft

Source: Dubai Land Department. Updated 12 December 2023.

Key facts

Type
1-bed apartment
Size
805 sqft
Floor
1st of 4
Parking
B-2711
Developer
Emaar
Completed
2006
Service charge
AED 17,700 /yr
Last sold
AED 486K · November 2009
Building
Zaafaran 1

About 102, Zaafaran 1

102 is a one-bedroom apartment of 805 sqft on the 1st floor of Zaafaran 1, a 4-storey tower in The Old Town completed in 2006 by Emaar. The developer sold it on 24 November 2009 for AED 486,444, or AED 604 per sqft, 34% below the AED 916 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 10 Ejari contracts. The current contract, renewed on 12 December 2023, is AED 90,000 a year: a gross yield of 18.5% on the 2009 price, before the service charge of about AED 17,700 a year.

Sales and rents for 102 over time

Sales
Unit 102, each saleTypical one-bed in Zaafaran 1
1M2M2009201120132015Typical sale price by year: 2009 AED 745,416; 2010 AED 1,530,888; 2011 AED 1,327,888; 2014 AED 2,075,000Sold by developer, November 2009: AED 486,444 (AED 604 per sqft)

102 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 102, each contractTypical one-bed in Zaafaran 1
100K2013201720212025Typical rent by year: 2013 AED 93,500; 2014 AED 118,000; 2015 AED 125,000; 2016 AED 120,000; 2017 AED 115,000; 2018 AED 107,500; 2019 AED 85,000; 2020 AED 77,000; 2021 AED 80,850; 2022 AED 83,000; 2023 AED 105,000; 2024 AED 108,464; 2025 AED 120,750; 2026 AED 115,000New contract, May 2014: AED 100,000 a yearNew contract, May 2015: AED 100,000 a yearNew contract, June 2016: AED 100,000 a yearRenewal, June 2017: AED 100,000 a yearNew contract, November 2018: AED 82,000 a yearNew contract, December 2019: AED 73,000 a yearRenewal, December 2020: AED 64,000 a yearRenewal, December 2021: AED 85,000 a yearRenewal, December 2022: AED 82,000 a yearRenewal, December 2023: AED 90,000 a year

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

1-beds in Zaafaran 1, and where 102 sits

All 19 1-beds →

102 last sold in November 2009 at AED 604 per sqft, 34% below what one-beds in Zaafaran 1 were fetching at the time (AED 916). Over the last 12 months one-beds sold for AED 2,400,000, around AED 2,366 per sqft, and rent for AED 100,800 to 120,750 a year. 102's AED 90,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
26 Jun 20262,400,000
11 Dec 20241,785,000
19 Nov 20242,550,000
6 Jul 20231,925,000
1 1-bed sale in the last 12 months

Zaafaran 1

Building

45 apartments, 1-bed to 3-bed over 4 floors in The Old Town, completed in 2006 by Emaar. 1 sold in the last 12 months.

Typical price per sqft
AED 2,366
Typical sale
AED 2.4M
Typical rent
AED 132K /yr
Typical yield
5.8%
Zaafaran 1, The Old Town: prices, sales and rents →

Other units on the 1st floor

All 45 units in Zaafaran 1
Value
1011-bedAED 498K · Aug 2009
1032-bedAED 3.2M · Dec 2024
1042-bedAED 3.7M · Feb 2024
1053-bedAED 3.8M · May 2023
1061-bedAED 2.55M · Nov 2024
1071-bedAED 2.4M · Jun 2026
1082-bedAED 2.8M · May 2014
1–7 of 10

102, Zaafaran 1 in numbers

  • Sold once: by Emaar on 24 November 2009 for AED 486,444, or AED 604 per sqft.
  • Rented since May 2014 on 10 Ejari contracts. The rent fell from AED 100,000 to AED 64,000 in 2020 and recovered to AED 90,000 by December 2023.
  • At AED 90,000 a year the gross yield on the 2009 price is 18.5%, before a service charge of about AED 17,700 a year (AED 21.94 per sqft).
  • One-beds in Zaafaran 1 sold for AED 2,400,000–2,400,000 in the 12 months to November 2026; the building's median across all types is AED 2,366 per sqft.

Source: Dubai Land Department. Updated 12 December 2023.

Questions about 102, Zaafaran 1

What did unit 102 last sell for?

AED 486,444 on 24 November 2009, sold by the developer: AED 604 per sqft for 805 sqft. It is the only registered sale of the unit.

What is the rent for unit 102?

AED 90,000 a year on the contract renewed on 12 December 2023. The previous contract, from December 2022, was AED 82,000; the unit has been rented since May 2014.

How big is unit 102?

805 sqft (74.8 sqm): a one-bedroom apartment on the 1st floor of a 4-storey tower completed in 2006.

What is unit 102 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Zaafaran 1 sold for AED 2,400,000 to 2,400,000 in the last 12 months, around AED 2,366 per sqft.

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Mortgage on 102, Zaafaran 1

Starts from the last sale price (AED 486K, 24 November 2009). Switch to today's estimate once you have unlocked it.
Price
AED 486,444
Deposit, UAE resident (20%)
AED 97,289
Deposit, non-resident (40%)
AED 194,578
Monthly over 25 years at 3.7%
AED 1,990

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