2-bed · 1,338 sqftZaafaran 1, The Old Town · 3rd floor · completed 2006

308, Zaafaran 1

Sold prices and rental history: sold once, by the developer in September 2010, and rented once, from October 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 308 · DLD and Ejari recordsUpdated 1 October 2014
Last soldAED 1.66M13 September 2010
Current rentAED 140K /yr1 October 2014
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 308, Zaafaran 1

What is 308 worth today?

Last sold for AED 1,660,888 in 2010

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1 Oct 2014RentedNew contract
AED 140,000/yr12 months · AED 105 per sqft
13 Sep 2010Sold by developerReady
AED 1,660,888AED 1,241 per sqft

Source: Dubai Land Department. Updated 1 October 2014.

Key facts

Type
2-bed apartment
Size
1,338 sqft
Floor
3rd of 4
Parking
B-2557
Developer
Emaar
Completed
2006
Service charge
AED 29,400 /yr
Last sold
AED 1.66M · September 2010
Building
Zaafaran 1

About 308, Zaafaran 1

308 is a two-bedroom apartment of 1,338 sqft on the 3rd floor of Zaafaran 1, a 4-storey tower in The Old Town completed in 2006 by Emaar. The developer sold it on 13 September 2010 for AED 1,660,888, or AED 1,241 per sqft, in line with the AED 1,219 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 October 2014. The current contract, signed on 1 October 2014, is AED 140,000 a year: a gross yield of 8.4% on the 2010 price, before the service charge of about AED 29,400 a year.

Sales and rents for 308 over time

Sales
Unit 308, 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, September 2010: AED 1,660,888 (AED 1,241 per sqft)

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

Rents
Unit 308, 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, October 2014: AED 140,000 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 308 sits

All 18 2-beds →

308 last sold in September 2010 at AED 1,241 per sqft, in line with what two-beds in Zaafaran 1 were fetching at the time (AED 1,219). 308's AED 140,000 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 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
3061-bedAED 2.2M · May 2014
3071-bedAED 1.89M · Jun 2023
3093-bedAED 6.1M · Jul 2022
1–7 of 9

308, Zaafaran 1 in numbers

  • Sold once: by Emaar on 13 September 2010 for AED 1,660,888, or AED 1,241 per sqft.
  • Rented since October 2014 on one Ejari contract, at AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2010 price is 8.4%, before a service charge of about AED 29,400 a year (AED 21.94 per sqft).

Source: Dubai Land Department. Updated 1 October 2014.

Questions about 308, Zaafaran 1

What did unit 308 last sell for?

AED 1,660,888 on 13 September 2010, sold by the developer: AED 1,241 per sqft for 1,338 sqft. It is the only registered sale of the unit.

What is the rent for unit 308?

AED 140,000 a year on the contract signed on 1 October 2014.

How big is unit 308?

1,338 sqft (124.3 sqm): a two-bedroom apartment on the 3rd floor of a 4-storey tower completed in 2006.

What is unit 308 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 308, Zaafaran 1

Starts from the last sale price (AED 1.66M, 13 September 2010). Switch to today's estimate once you have unlocked it.
Price
AED 1,660,888
Deposit, UAE resident (20%)
AED 332,178
Deposit, non-resident (40%)
AED 664,355
Monthly over 25 years at 3.7%
AED 6,795

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