1-bed · 1,231 sqftZaafaran 1, The Old Town · 2nd floor · completed 2006

206, Zaafaran 1

Sold prices and rental history: sold twice, last in January 2019, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 206 · DLD and Ejari recordsUpdated 10 December 2020
Last soldAED 1.6M10 January 2019
Current rentAED 80K /yr10 December 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 206, Zaafaran 1

What is 206 worth today?

Last sold for AED 1,600,000 in 2019

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10 Dec 2020RentedNew contract
AED 80,000/yr12 months · AED 65 per sqft
10 Jan 2019SoldReady
AED 1,600,000AED 1,299 per sqft
15 Jan 2018RentedRenewal
AED 137,000/yr12 months · AED 112 per sqft
15 Jan 2017RentedNew contract
AED 137,000/yr12 months · AED 112 per sqft
7 Dec 2015RentedRenewal
AED 135,000/yr12 months · AED 110 per sqft
7 Dec 2014RentedNew contract
AED 130,000/yr12 months · AED 106 per sqft
7 Dec 2013RentedNew contract
AED 125,000/yr12 months · AED 102 per sqft
18 Feb 2009Sold by developerReady
AED 2,131,888AED 1,731 per sqft

Source: Dubai Land Department. Updated 10 December 2020.

Key facts

Type
1-bed apartment
Size
1,231 sqft
Floor
2nd of 4
Parking
B-2717
Developer
Emaar
Completed
2006
Service charge
AED 27,000 /yr
Last sold
AED 1.6M · January 2019
Building
Zaafaran 1

About 206, Zaafaran 1

206 is a one-bedroom apartment of 1,231 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 10 January 2019 for AED 1,600,000, or AED 1,299 per sqft.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, signed on 10 December 2020, is AED 80,000 a year: a gross yield of 5.0% on the 2019 price, before the service charge of about AED 27,000 a year.

Sales and rents for 206 over time

Sales
Unit 206, each saleTypical one-bed in Zaafaran 1
1M2M2009201220152018Typical 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, February 2009: AED 2,131,888 (AED 1,731 per sqft)Sold, January 2019: AED 1,600,000 (AED 1,299 per sqft)

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

Rents
Unit 206, 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, December 2013: AED 125,000 a yearNew contract, December 2014: AED 130,000 a yearRenewal, December 2015: AED 135,000 a yearNew contract, January 2017: AED 137,000 a yearRenewal, January 2018: AED 137,000 a yearNew contract, December 2020: AED 80,000 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 206 sits

All 19 1-beds →

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. 206's AED 80,000 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 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
2042-bedAED 1.69M · Jul 2012
2053-bedAED 1.35M · Aug 2009
2071-bedAED 1.69M · Mar 2018
2082-bedAED 2.55M · May 2024
1–7 of 10

206, Zaafaran 1 in numbers

  • Sold twice: first on 18 February 2009 for AED 2,131,888, last on 10 January 2019 for AED 1,600,000 (AED 1,299 per sqft).
  • Rented since December 2013 on 6 Ejari contracts, from AED 125,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2019 price is 5.0%, before a service charge of about AED 27,000 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 10 December 2020.

Questions about 206, Zaafaran 1

What did unit 206 last sell for?

AED 1,600,000 on 10 January 2019: AED 1,299 per sqft for 1,231 sqft. The unit has 2 registered sales; the first was AED 2,131,888 in February 2009.

What is the rent for unit 206?

AED 80,000 a year on the contract signed on 10 December 2020. The previous contract, from January 2018, was AED 137,000; the unit has been rented since December 2013.

How big is unit 206?

1,231 sqft (114.4 sqm): a one-bedroom apartment on the 2nd floor of a 4-storey tower completed in 2006.

What is unit 206 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 206, Zaafaran 1

Starts from the last sale price (AED 1.6M, 10 January 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,600,000
Deposit, UAE resident (20%)
AED 320,000
Deposit, non-resident (40%)
AED 640,000
Monthly over 25 years at 3.7%
AED 6,546

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