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2-bed · 1,410 sqftZaafaran 1, The Old Town · 3rd floor · completed 2006

304, Zaafaran 1

Sold prices and rental history: sold 4 times, last in February 2023, and rented once, from July 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 304 · DLD and Ejari recordsUpdated 9 February 2023
Last soldAED 2.63M9 February 2023
Current rentAED 173K /yr28 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 304, Zaafaran 1

What is 304 worth today?

Last sold for AED 2,630,000 in 2023

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9 Feb 2023SoldReady
AED 2,630,000AED 1,865 per sqft
28 Jul 2022RentedNew contract
AED 172,500/yr13 months · AED 122 per sqft
26 Jul 2020SoldReady
AED 1,500,000AED 1,063 per sqft
3 Apr 2012SoldReady
AED 1,692,000AED 1,200 per sqft
17 Oct 2010Sold by developerReady
AED 1,734,594AED 1,230 per sqft

Source: Dubai Land Department. Updated 9 February 2023.

Key facts

Type
2-bed apartment
Size
1,410 sqft
Floor
3rd of 4
Parking
B-2556
Developer
Emaar
Completed
2006
Service charge
AED 30,900 /yr
Last sold
AED 2.63M · February 2023
Building
Zaafaran 1

About 304, Zaafaran 1

304 is a two-bedroom apartment of 1,410 sqft on the 3rd floor of Zaafaran 1, a 4-storey tower in The Old Town completed in 2006 by Emaar. It last sold on 9 February 2023 for AED 2,630,000, or AED 1,865 per sqft.

One Ejari contract is registered, from 28 July 2022. The current contract, signed on 28 July 2022, is AED 172,500 a year: a gross yield of 6.6% on the 2023 price, before the service charge of about AED 30,900 a year.

Sales and rents for 304 over time

Sales
Unit 304, 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 1,734,594 (AED 1,230 per sqft)Sold, April 2012: AED 1,692,000 (AED 1,200 per sqft)Sold, July 2020: AED 1,500,000 (AED 1,063 per sqft)Sold, February 2023: AED 2,630,000 (AED 1,865 per sqft)

304 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 304, 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, July 2022: AED 172,500 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 304 sits

All 18 2-beds →

304's AED 172,500 is in the upper 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 3rd floor

All 45 units in Zaafaran 1
Value
3011-bedAED 993K · Sep 2010
3021-bedAED 1.5M · Nov 2013
3053-bedAED 3.78M · Jun 2013
3061-bedAED 2.2M · May 2014
3071-bedAED 1.89M · Jun 2023
3082-bedAED 1.66M · Sep 2010
3093-bedAED 6.1M · Jul 2022
1–7 of 9

304, Zaafaran 1 in numbers

  • Sold 4 times: first on 17 October 2010 for AED 1,734,594, last on 9 February 2023 for AED 2,630,000 (AED 1,865 per sqft).
  • Rented since July 2022 on one Ejari contract, at AED 172,500 a year.
  • At AED 172,500 a year the gross yield on the 2023 price is 6.6%, before a service charge of about AED 30,900 a year (AED 21.94 per sqft).

Source: Dubai Land Department. Updated 9 February 2023.

Questions about 304, Zaafaran 1

What did unit 304 last sell for?

AED 2,630,000 on 9 February 2023: AED 1,865 per sqft for 1,410 sqft. The unit has 4 registered sales; the first was AED 1,734,594 in October 2010.

What is the rent for unit 304?

AED 172,500 a year on the contract signed on 28 July 2022.

How big is unit 304?

1,410 sqft (131.0 sqm): a two-bedroom apartment on the 3rd floor of a 4-storey tower completed in 2006.

What is unit 304 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 304, Zaafaran 1

Starts from the last sale price (AED 2.63M, 9 February 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,630,000
Deposit, UAE resident (20%)
AED 526,000
Deposit, non-resident (40%)
AED 1,052,000
Monthly over 25 years at 3.7%
AED 10,760

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