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1-bed · 1,231 sqftZaafaran 1, The Old Town · 3rd floor · completed 2006

306, Zaafaran 1

Sold prices and rental history: sold twice, last in May 2014, and rented once, from April 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 306 · DLD and Ejari recordsUpdated 7 May 2014
Last soldAED 2.2M7 May 2014
Current rentAED 95K /yr28 April 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 306, Zaafaran 1

What is 306 worth today?

Last sold for AED 2,200,000 in 2014

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7 May 2014SoldReady
AED 2,200,000AED 1,787 per sqft
28 Apr 2013RentedNew contract
AED 95,000/yr12 months · AED 77 per sqft
10 Aug 2010Sold by developerReady
AED 2,146,888AED 1,744 per sqft

Source: Dubai Land Department. Updated 7 May 2014.

Key facts

Type
1-bed apartment
Size
1,231 sqft
Floor
3rd of 4
Parking
B-2524
Developer
Emaar
Completed
2006
Service charge
AED 27,000 /yr
Last sold
AED 2.2M · May 2014
Building
Zaafaran 1

About 306, Zaafaran 1

306 is a one-bedroom apartment of 1,231 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 7 May 2014 for AED 2,200,000, or AED 1,787 per sqft, in line with the AED 1,807 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 28 April 2013. The current contract, signed on 28 April 2013, is AED 95,000 a year: a gross yield of 4.3% on the 2014 price, before the service charge of about AED 27,000 a year.

Sales and rents for 306 over time

Sales
Unit 306, 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, August 2010: AED 2,146,888 (AED 1,744 per sqft)Sold, May 2014: AED 2,200,000 (AED 1,787 per sqft)

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

Rents
Unit 306, each contractTypical one-bed in Zaafaran 1
75K100K125K2013201720212025Typical 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, April 2013: AED 95,000 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 306 sits

All 19 1-beds →

306 last sold in May 2014 at AED 1,787 per sqft, in line with what one-beds in Zaafaran 1 were fetching at the time (AED 1,807). 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. 306's AED 95,000 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 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
3053-bedAED 3.78M · Jun 2013
3071-bedAED 1.89M · Jun 2023
3082-bedAED 1.66M · Sep 2010
3093-bedAED 6.1M · Jul 2022
1–7 of 9

306, Zaafaran 1 in numbers

  • Sold twice: first on 10 August 2010 for AED 2,146,888, last on 7 May 2014 for AED 2,200,000 (AED 1,787 per sqft).
  • Rented since April 2013 on one Ejari contract, at AED 95,000 a year.
  • At AED 95,000 a year the gross yield on the 2014 price is 4.3%, 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 7 May 2014.

Questions about 306, Zaafaran 1

What did unit 306 last sell for?

AED 2,200,000 on 7 May 2014: AED 1,787 per sqft for 1,231 sqft. The unit has 2 registered sales; the first was AED 2,146,888 in August 2010.

What is the rent for unit 306?

AED 95,000 a year on the contract signed on 28 April 2013.

How big is unit 306?

1,231 sqft (114.4 sqm): a one-bedroom apartment on the 3rd floor of a 4-storey tower completed in 2006.

What is unit 306 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 306, Zaafaran 1

Starts from the last sale price (AED 2.2M, 7 May 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,200,000
Deposit, UAE resident (20%)
AED 440,000
Deposit, non-resident (40%)
AED 880,000
Monthly over 25 years at 3.7%
AED 9,001

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