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2-bed · 1,410 sqftZaafaran 1, The Old Town · 2nd floor · completed 2006

204, Zaafaran 1

Sold prices and rental history: sold twice, last in July 2012, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 204 · DLD and Ejari recordsUpdated 6 June 2023
Last soldAED 1.69M9 July 2012
Current rentAED 141K /yr6 June 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 204, Zaafaran 1

What is 204 worth today?

Last sold for AED 1,692,000 in 2012

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6 Jun 2023RentedRenewal
AED 140,798/yr7 months · AED 100 per sqft
6 Jun 2022RentedRenewal
AED 120,000/yr12 months · AED 85 per sqft
6 Jun 2021RentedRenewal
AED 105,000/yr12 months · AED 74 per sqft
6 Jun 2020RentedRenewal
AED 105,000/yr12 months · AED 74 per sqft
6 Jun 2019RentedRenewal
AED 135,000/yr12 months · AED 96 per sqft
6 Jun 2018RentedRenewal
AED 145,000/yr12 months · AED 103 per sqft
6 Jun 2017RentedRenewal
AED 150,000/yr12 months · AED 106 per sqft
7 Jun 2016RentedNew contract
AED 150,000/yr12 months · AED 106 per sqft

Source: Dubai Land Department. Updated 6 June 2023.

Key facts

Type
2-bed apartment
Size
1,410 sqft
Floor
2nd of 4
Parking
B-2720
Developer
Emaar
Completed
2006
Service charge
AED 30,900 /yr
Last sold
AED 1.69M · July 2012
Building
Zaafaran 1

About 204, Zaafaran 1

204 is a two-bedroom apartment of 1,410 sqft on the 2nd floor of Zaafaran 1, a 4-storey tower in The Old Town completed in 2006 by Emaar. It last sold on 9 July 2012 for AED 1,692,000, or AED 1,200 per sqft, in line with the AED 1,235 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, renewed on 6 June 2023, is AED 140,798 a year: a gross yield of 8.3% on the 2012 price, before the service charge of about AED 30,900 a year.

Sales and rents for 204 over time

Sales
Unit 204, each saleTypical two-bed in Zaafaran 1
2M3M20092013201720212025Typical sale price by year: 2009 AED 1,518,444; 2010 AED 1,660,888; 2012 AED 1,698,888; 2023 AED 2,625,000; 2024 AED 3,200,000Sold by developer, October 2010: AED 1,725,094 (AED 1,223 per sqft)Sold, July 2012: AED 1,692,000 (AED 1,200 per sqft)

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

Rents
Unit 204, each contractTypical two-bed in Zaafaran 1
100K150K2013201720212025Typical rent by year: 2013 AED 130,000; 2014 AED 158,500; 2015 AED 165,000; 2016 AED 167,500; 2017 AED 162,500; 2018 AED 145,000; 2019 AED 137,500; 2020 AED 105,000; 2021 AED 130,000; 2022 AED 143,000; 2023 AED 155,000; 2024 AED 176,000; 2025 AED 177,500; 2026 AED 176,500New contract, April 2013: AED 150,000 a yearNew contract, June 2016: AED 150,000 a yearRenewal, June 2017: AED 150,000 a yearRenewal, June 2018: AED 145,000 a yearRenewal, June 2019: AED 135,000 a yearRenewal, June 2020: AED 105,000 a yearRenewal, June 2021: AED 105,000 a yearRenewal, June 2022: AED 120,000 a yearRenewal, June 2023: AED 140,798 a year

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

2-beds in Zaafaran 1, and where 204 sits

All 18 2-beds →

204 last sold in July 2012 at AED 1,200 per sqft, in line with what two-beds in Zaafaran 1 were fetching at the time (AED 1,235). 204's AED 140,798 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
22 Jul 20253,400,000
5 Dec 20243,200,000
8 May 20242,550,000
22 Feb 20243,700,000
0 2-bed sales 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 2nd floor

All 45 units in Zaafaran 1
Value
2011-bedAED 1.79M · Dec 2024
2021-bedAED 983K · Jul 2010
2032-bedAED 2.63M · Nov 2023
2053-bedAED 1.35M · Aug 2009
2061-bedAED 1.6M · Jan 2019
2071-bedAED 1.69M · Mar 2018
2082-bedAED 2.55M · May 2024
1–7 of 10

204, Zaafaran 1 in numbers

  • Sold twice: first on 17 October 2010 for AED 1,725,094, last on 9 July 2012 for AED 1,692,000 (AED 1,200 per sqft).
  • Rented since April 2013 on 9 Ejari contracts. The rent fell from AED 150,000 to AED 105,000 in 2021 and recovered to AED 140,798 by June 2023.
  • At AED 140,798 a year the gross yield on the 2012 price is 8.3%, before a service charge of about AED 30,900 a year (AED 21.94 per sqft).

Source: Dubai Land Department. Updated 6 June 2023.

Questions about 204, Zaafaran 1

What did unit 204 last sell for?

AED 1,692,000 on 9 July 2012: AED 1,200 per sqft for 1,410 sqft. The unit has 2 registered sales; the first was AED 1,725,094 in October 2010.

What is the rent for unit 204?

AED 140,798 a year on the contract renewed on 6 June 2023. The previous contract, from June 2022, was AED 120,000; the unit has been rented since April 2013.

How big is unit 204?

1,410 sqft (131.0 sqm): a two-bedroom apartment on the 2nd floor of a 4-storey tower completed in 2006.

What is unit 204 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 204, Zaafaran 1

Starts from the last sale price (AED 1.69M, 9 July 2012). Switch to today's estimate once you have unlocked it.
Price
AED 1,692,000
Deposit, UAE resident (20%)
AED 338,400
Deposit, non-resident (40%)
AED 676,800
Monthly over 25 years at 3.7%
AED 6,922

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