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3-bed · 1,887 sqftZaafaran 1, The Old Town · 3rd floor · completed 2006

305, Zaafaran 1

Sold prices and rental history: sold 4 times, last in June 2013, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 305 · DLD and Ejari recordsUpdated 8 May 2022
Last soldAED 3.78M13 June 2013
Current rentAED 130K /yr8 May 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 305, Zaafaran 1

What is 305 worth today?

Last sold for AED 3,775,000 in 2013

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8 May 2022RentedRenewal
AED 130,000/yr12 months · AED 69 per sqft
8 May 2021RentedNew contract
AED 118,500/yr12 months · AED 63 per sqft
14 Mar 2020RentedRenewal
AED 155,000/yr13 months · AED 82 per sqft
14 Mar 2019RentedRenewal
AED 170,000/yr12 months · AED 90 per sqft
10 Oct 2015RentedRenewal
AED 230,000/yr12 months · AED 122 per sqft
10 Oct 2014RentedNew contract
AED 230,000/yr12 months · AED 122 per sqft
8 Jan 2014RentedNew contract
AED 240,000/yr7 months · AED 127 per sqft
13 Jun 2013SoldReady
AED 3,775,000AED 2,000 per sqft

Source: Dubai Land Department. Updated 8 May 2022.

Key facts

Type
3-bed apartment
Size
1,887 sqft
Floor
3rd of 4
Parking
B-2634-2633
Developer
Emaar
Completed
2006
Service charge
AED 41,400 /yr
Last sold
AED 3.78M · June 2013
Building
Zaafaran 1

About 305, Zaafaran 1

305 is a three-bedroom apartment of 1,887 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 13 June 2013 for AED 3,775,000, or AED 2,000 per sqft, 5% above the AED 1,907 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 8 May 2022, is AED 130,000 a year: a gross yield of 3.4% on the 2013 price, before the service charge of about AED 41,400 a year.

Sales and rents for 305 over time

Sales
Unit 305, each saleTypical three-bed in Zaafaran 1
3M4M200920112013Typical sale price by year: 2009 AED 3,033,388; 2010 AED 3,106,388; 2012 AED 3,100,000Sold by developer, September 2010: AED 2,459,888 (AED 1,303 per sqft)Sold, May 2012: AED 2,635,000 (AED 1,396 per sqft)Sold, October 2012: AED 3,100,000 (AED 1,642 per sqft)Sold, June 2013: AED 3,775,000 (AED 2,000 per sqft)

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

Rents
Unit 305, each contractTypical three-bed in Zaafaran 1
100K200K20132016201920222025Typical rent by year: 2013 AED 240,000; 2014 AED 250,000; 2015 AED 250,000; 2016 AED 270,000; 2017 AED 247,500; 2018 AED 215,000; 2019 AED 205,000; 2020 AED 172,501; 2021 AED 150,000; 2022 AED 165,000; 2023 AED 232,500; 2024 AED 200,000New contract, January 2013: AED 220,000 a yearNew contract, January 2014: AED 240,000 a yearNew contract, October 2014: AED 230,000 a yearRenewal, October 2015: AED 230,000 a yearRenewal, March 2019: AED 170,000 a yearRenewal, March 2020: AED 155,000 a yearNew contract, May 2021: AED 118,500 a yearRenewal, May 2022: AED 130,000 a year

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

3-beds in Zaafaran 1, and where 305 sits

All 8 3-beds →

305 last sold in June 2013 at AED 2,000 per sqft, 5% above what three-beds in Zaafaran 1 were fetching at the time (AED 1,907).

Recent 3-bed salesUnit no.Price (AED)Summary
25 May 20233,800,000
4 Jul 20226,100,000
20 Mar 20164,300,000
24 Nov 20134,550,000
0 3-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
3042-bedAED 2.63M · Feb 2023
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

305, Zaafaran 1 in numbers

  • Sold 4 times: first on 13 September 2010 for AED 2,459,888, last on 13 June 2013 for AED 3,775,000 (AED 2,000 per sqft).
  • Rented since January 2013 on 8 Ejari contracts, from AED 220,000 to AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2013 price is 3.4%, before a service charge of about AED 41,400 a year (AED 21.94 per sqft).

Source: Dubai Land Department. Updated 8 May 2022.

Questions about 305, Zaafaran 1

What did unit 305 last sell for?

AED 3,775,000 on 13 June 2013: AED 2,000 per sqft for 1,887 sqft. The unit has 4 registered sales; the first was AED 2,459,888 in September 2010.

What is the rent for unit 305?

AED 130,000 a year on the contract renewed on 8 May 2022. The previous contract, from May 2021, was AED 118,500; the unit has been rented since January 2013.

How big is unit 305?

1,887 sqft (175.3 sqm): a three-bedroom apartment on the 3rd floor of a 4-storey tower completed in 2006.

What is unit 305 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 305, Zaafaran 1

Starts from the last sale price (AED 3.78M, 13 June 2013). Switch to today's estimate once you have unlocked it.
Price
AED 3,775,000
Deposit, UAE resident (20%)
AED 755,000
Deposit, non-resident (40%)
AED 1,510,000
Monthly over 25 years at 3.7%
AED 15,445

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