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3-bed · 2,159 sqftZaafaran 1, The Old Town · 4th floor · completed 2006

409, Zaafaran 1

Sold prices and rental history: sold once, by the developer in January 2011, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 409 · DLD and Ejari recordsUpdated 15 May 2024
Last soldAED 2.88M19 January 2011
Current rentAED 200K /yr15 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 409, Zaafaran 1

What is 409 worth today?

Last sold for AED 2,875,888 in 2011

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15 May 2024RentedRenewal
AED 200,000/yr12 months · AED 92 per sqft
15 May 2024RentedRenewal
AED 200,000/yr12 months · AED 93 per sqft
15 May 2023RentedRenewal
AED 173,250/yr12 months · AED 80 per sqft
15 May 2022RentedRenewal
AED 165,000/yr12 months · AED 76 per sqft
15 May 2021RentedNew contract
AED 150,000/yr12 months · AED 69 per sqft
6 Oct 2020RentedRenewal
AED 125,000/yr6 months · AED 58 per sqft
6 Feb 2020RentedRenewal
AED 160,001/yr8 months · AED 74 per sqft
6 Feb 2019RentedRenewal
AED 180,000/yr12 months · AED 83 per sqft

Source: Dubai Land Department. Updated 15 May 2024.

Key facts

Type
3-bed apartment
Size
2,159 sqft
Floor
4th of 4
Parking
B-2638-2639
Developer
Emaar
Completed
2006
Service charge
AED 47,400 /yr
Last sold
AED 2.88M · January 2011
Building
Zaafaran 1

About 409, Zaafaran 1

409 is a three-bedroom apartment of 2,159 sqft on the 4th floor of Zaafaran 1, a 4-storey tower in The Old Town completed in 2006 by Emaar. The developer sold it on 19 January 2011 for AED 2,875,888, or AED 1,332 per sqft, 7% below the AED 1,425 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 14 Ejari contracts. The current contract, renewed on 15 May 2024, is AED 200,000 a year: a gross yield of 7.0% on the 2011 price, before the service charge of about AED 47,400 a year.

Sales and rents for 409 over time

Sales
Unit 409, each saleTypical three-bed in Zaafaran 1
3M20092010201120122013Typical sale price by year: 2009 AED 3,033,388; 2010 AED 3,106,388; 2012 AED 3,100,000Sold by developer, January 2011: AED 2,875,888 (AED 1,332 per sqft)

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

Rents
Unit 409, 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, February 2013: AED 240,000 a yearNew contract, February 2014: AED 250,000 a yearNew contract, February 2015: AED 250,000 a yearRenewal, February 2016: AED 250,000 a yearRenewal, February 2017: AED 250,000 a yearNew contract, February 2018: AED 200,000 a yearRenewal, February 2019: AED 180,000 a yearRenewal, February 2020: AED 160,001 a yearRenewal, October 2020: AED 125,000 a yearNew contract, May 2021: AED 150,000 a yearRenewal, May 2022: AED 165,000 a yearRenewal, May 2023: AED 173,250 a yearRenewal, May 2024: AED 200,000 a yearRenewal, May 2024: AED 200,000 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 409 sits

All 8 3-beds →

409 last sold in January 2011 at AED 1,332 per sqft, 7% below what three-beds in Zaafaran 1 were fetching at the time (AED 1,425).

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 4th floor

All 45 units in Zaafaran 1
Value
4012-bedAED 1.9M · Jan 2012
4082-bedAED 2.24M · Sep 2010
4102-bedAED 1.65M · Mar 2018
4111-bedAED 1.53M · Sep 2010

409, Zaafaran 1 in numbers

  • Sold once: by Emaar on 19 January 2011 for AED 2,875,888, or AED 1,332 per sqft.
  • Rented since February 2013 on 14 Ejari contracts. The rent fell from AED 240,000 to AED 125,000 in 2020 and recovered to AED 200,000 by May 2024.
  • At AED 200,000 a year the gross yield on the 2011 price is 7.0%, before a service charge of about AED 47,400 a year (AED 21.94 per sqft).

Source: Dubai Land Department. Updated 15 May 2024.

Questions about 409, Zaafaran 1

What did unit 409 last sell for?

AED 2,875,888 on 19 January 2011, sold by the developer: AED 1,332 per sqft for 2,159 sqft. It is the only registered sale of the unit.

What is the rent for unit 409?

AED 200,000 a year on the contract renewed on 15 May 2024. The previous contract, from May 2024, was AED 200,000; the unit has been rented since February 2013.

How big is unit 409?

2,159 sqft (200.6 sqm): a three-bedroom apartment on the 4th floor of a 4-storey tower completed in 2006.

What is unit 409 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 409, Zaafaran 1

Starts from the last sale price (AED 2.88M, 19 January 2011). Switch to today's estimate once you have unlocked it.
Price
AED 2,875,888
Deposit, UAE resident (20%)
AED 575,178
Deposit, non-resident (40%)
AED 1,150,355
Monthly over 25 years at 3.7%
AED 11,766

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