1-bed · 1,011 sqftZaafaran 2, The Old Town · 1st floor · completed 2006

108, Zaafaran 2

Sold prices and rental history: sold twice, last in September 2024, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 108 · DLD and Ejari recordsUpdated 9 September 2024
Last soldAED 2.3M9 September 2024
Current rentAED 105K /yr29 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 108, Zaafaran 2

What is 108 worth today?

Last sold for AED 2,300,000 in 2024

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9 Sep 2024SoldReady
AED 2,300,000AED 2,275 per sqft
29 Nov 2022RentedRenewal
AED 105,000/yr12 months · AED 105 per sqft
29 Nov 2021RentedRenewal
AED 92,500/yr12 months · AED 92 per sqft
29 Nov 2020RentedNew contract
AED 75,000/yr12 months · AED 74 per sqft
20 Aug 2019RentedRenewal
AED 90,000/yr12 months · AED 89 per sqft
20 Aug 2018RentedNew contract
AED 105,000/yr12 months · AED 104 per sqft
8 Dec 2016RentedNew contract
AED 130,000/yr12 months · AED 128 per sqft
27 Sep 2015RentedRenewal
AED 125,000/yr12 months · AED 124 per sqft

Source: Dubai Land Department. Updated 9 September 2024.

Key facts

Type
1-bed apartment
Size
1,011 sqft
Floor
1st of 3
Parking
B-2608
Developer
Emaar
Completed
2006
Service charge
AED 19,000 /yr
Last sold
AED 2.3M · September 2024
Building
Zaafaran 2

About 108, Zaafaran 2

108 is a one-bedroom apartment of 1,011 sqft on the 1st floor of Zaafaran 2, a 3-storey tower in The Old Town completed in 2006 by Emaar. It last sold on 9 September 2024 for AED 2,300,000, or AED 2,275 per sqft, 21% above the AED 1,879 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, renewed on 29 November 2022, is AED 105,000 a year: a gross yield of 4.6% on the 2024 price, before the service charge of about AED 19,000 a year.

Sales and rents for 108 over time

Sales
Unit 108, each saleTypical one-bed in Zaafaran 2
1M2M2008201320182023Typical sale price by year: 2008 AED 1,128,420; 2009 AED 1,298,888; 2010 AED 1,533,388; 2011 AED 1,309,888; 2012 AED 1,290,000; 2013 AED 1,900,000; 2014 AED 2,450,000; 2016 AED 2,287,500; 2022 AED 1,775,000; 2023 AED 2,227,500; 2024 AED 2,300,000Sold by developer, March 2011: AED 1,309,888 (AED 1,295 per sqft)Sold, September 2024: AED 2,300,000 (AED 2,275 per sqft)

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

Rents
Unit 108, each contractTypical one-bed in Zaafaran 2
75K100K125K2012201620202024Typical rent by year: 2012 AED 95,000; 2013 AED 105,000; 2014 AED 121,184; 2015 AED 125,000; 2016 AED 125,000; 2017 AED 115,000; 2018 AED 112,500; 2019 AED 105,000; 2020 AED 83,000; 2021 AED 82,500; 2022 AED 95,000; 2023 AED 107,500; 2024 AED 118,500; 2025 AED 115,000; 2026 AED 110,000New contract, September 2014: AED 125,000 a yearRenewal, September 2015: AED 125,000 a yearNew contract, December 2016: AED 130,000 a yearNew contract, August 2018: AED 105,000 a yearRenewal, August 2019: AED 90,000 a yearNew contract, November 2020: AED 75,000 a yearRenewal, November 2021: AED 92,500 a yearRenewal, November 2022: AED 105,000 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 2, and where 108 sits

All 29 1-beds →

108 last sold in September 2024 at AED 2,275 per sqft, 21% above what one-beds in Zaafaran 2 were fetching at the time (AED 1,879). Over the last 12 months one-beds sold for AED 1,900,000 to 2,000,000, around AED 2,124 per sqft, and rent for AED 95,000 to 140,000 a year. 108's AED 105,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
23 Oct 20261,900,000
20 Dec 20252,000,000
12 Feb 20253,000,000
4 Sep 20241,750,000
2 1-bed sales in the last 12 months

Zaafaran 2

Building

45 apartments, 1-bed to 2-bed over 3 floors in The Old Town, completed in 2006 by Emaar. 2 sold in the last 12 months.

Typical price per sqft
AED 2,124
Typical sale
AED 1.95M
Typical rent
AED 138K /yr
Typical yield
5.5%
Zaafaran 2, The Old Town: prices, sales and rents →

Other units on the 1st floor

All 45 units in Zaafaran 2
Value
1011-bedAED 2.4M · Feb 2024
1022-bedAED 1.47M · Mar 2022
1032-bedAED 3.05M · Apr 2014
1041-bedAED 2.33M · Dec 2016
1051-bedAED 1.03M · Dec 2009
1061-bedAED 1.9M · Oct 2026
1071-bedAED 2.22M · Nov 2023
1–7 of 12

108, Zaafaran 2 in numbers

  • Sold twice: first on 1 March 2011 for AED 1,309,888, last on 9 September 2024 for AED 2,300,000 (AED 2,275 per sqft).
  • Rented since September 2014 on 8 Ejari contracts. The rent fell from AED 125,000 to AED 75,000 in 2020 and recovered to AED 105,000 by November 2022.
  • At AED 105,000 a year the gross yield on the 2024 price is 4.6%, before a service charge of about AED 19,000 a year (AED 18.75 per sqft).
  • One-beds in Zaafaran 2 sold for AED 1,900,000–2,000,000 in the 12 months to November 2026; the building's median across all types is AED 2,124 per sqft.

Source: Dubai Land Department. Updated 9 September 2024.

Questions about 108, Zaafaran 2

What did unit 108 last sell for?

AED 2,300,000 on 9 September 2024: AED 2,275 per sqft for 1,011 sqft. The unit has 2 registered sales; the first was AED 1,309,888 in March 2011.

What is the rent for unit 108?

AED 105,000 a year on the contract renewed on 29 November 2022. The previous contract, from November 2021, was AED 92,500; the unit has been rented since September 2014.

How big is unit 108?

1,011 sqft (93.9 sqm): a one-bedroom apartment on the 1st floor of a 3-storey tower completed in 2006.

What is unit 108 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Zaafaran 2 sold for AED 1,900,000 to 2,000,000 in the last 12 months, around AED 2,124 per sqft.

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Mortgage on 108, Zaafaran 2

Starts from the last sale price (AED 2.3M, 9 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,300,000
Deposit, UAE resident (20%)
AED 460,000
Deposit, non-resident (40%)
AED 920,000
Monthly over 25 years at 3.7%
AED 9,410

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