1-bed · 1,258 sqftZaafaran 2, The Old Town · 2nd floor · completed 2006

204, Zaafaran 2

Sold prices and rental history: sold 3 times, last in October 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 204 · DLD and Ejari recordsUpdated 26 October 2023
Last soldAED 2.24M26 October 2023
Current rentAED 95K /yr21 September 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 204, Zaafaran 2

What is 204 worth today?

Last sold for AED 2,240,000 in 2023

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26 Oct 2023SoldReady
AED 2,240,000AED 1,780 per sqft
21 Sep 2021RentedNew contract
AED 95,000/yr12 months · AED 75 per sqft
20 Sep 2020RentedNew contract
AED 85,000/yr12 months · AED 67 per sqft
20 Jan 2020RentedRenewal
AED 116,000/yr12 months · AED 92 per sqft
20 Jan 2019RentedRenewal
AED 116,000/yr12 months · AED 92 per sqft
20 Jul 2018RentedRenewal
AED 120,000/yr6 months · AED 95 per sqft
20 Jan 2018RentedRenewal
AED 132,000/yr6 months · AED 105 per sqft
20 Jan 2017RentedRenewal
AED 130,000/yr12 months · AED 103 per sqft

Source: Dubai Land Department. Updated 26 October 2023.

Key facts

Type
1-bed apartment
Size
1,258 sqft
Floor
2nd of 3
Parking
B-2613
Developer
Emaar
Completed
2006
Service charge
AED 23,600 /yr
Last sold
AED 2.24M · October 2023
Building
Zaafaran 2

About 204, Zaafaran 2

204 is a one-bedroom apartment of 1,258 sqft on the 2nd floor of Zaafaran 2, a 3-storey tower in The Old Town completed in 2006 by Emaar. It last sold on 26 October 2023 for AED 2,240,000, or AED 1,780 per sqft, in line with the AED 1,807 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 9 Ejari contracts. The current contract, signed on 21 September 2021, is AED 95,000 a year: a gross yield of 4.2% on the 2023 price, before the service charge of about AED 23,600 a year.

Sales and rents for 204 over time

Sales
Unit 204, each saleTypical one-bed in Zaafaran 2
2M2008201320182023Typical 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 3,500,000 (AED 2,782 per sqft)Sold, September 2015: AED 2,150,000 (AED 1,709 per sqft)Sold, October 2023: AED 2,240,000 (AED 1,780 per sqft)

204 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 204, 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, January 2014: AED 122,368 a yearNew contract, January 2016: AED 125,000 a yearRenewal, January 2017: AED 130,000 a yearRenewal, January 2018: AED 132,000 a yearRenewal, July 2018: AED 120,000 a yearRenewal, January 2019: AED 116,000 a yearRenewal, January 2020: AED 116,000 a yearNew contract, September 2020: AED 85,000 a yearNew contract, September 2021: 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 2, and where 204 sits

All 29 1-beds →

204 last sold in October 2023 at AED 1,780 per sqft, in line with what one-beds in Zaafaran 2 were fetching at the time (AED 1,807). 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. 204's AED 95,000 is at the bottom 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
9 Sep 20242,300,000
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 2nd floor

All 45 units in Zaafaran 2
Value
2011-bedAED 1.75M · Dec 2013
2022-bedAED 2.65M · Aug 2016
2032-bedAED 3.08M · Jun 2024
2051-bedAED 1.29M · Sep 2012
2061-bedAED 2M · Dec 2025
2071-bedAED 1.42M · Apr 2020
2081-bedAED 1.9M · Sep 2013
1–7 of 12

204, Zaafaran 2 in numbers

  • Sold 3 times: first on 8 March 2011 for AED 3,500,000, last on 26 October 2023 for AED 2,240,000 (AED 1,780 per sqft).
  • Rented since January 2014 on 9 Ejari contracts. The rent fell from AED 122,368 to AED 85,000 in 2020 and recovered to AED 95,000 by September 2021.
  • At AED 95,000 a year the gross yield on the 2023 price is 4.2%, before a service charge of about AED 23,600 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 26 October 2023.

Questions about 204, Zaafaran 2

What did unit 204 last sell for?

AED 2,240,000 on 26 October 2023: AED 1,780 per sqft for 1,258 sqft. The unit has 3 registered sales; the first was AED 3,500,000 in March 2011.

What is the rent for unit 204?

AED 95,000 a year on the contract signed on 21 September 2021. The previous contract, from September 2020, was AED 85,000; the unit has been rented since January 2014.

How big is unit 204?

1,258 sqft (116.9 sqm): a one-bedroom apartment on the 2nd floor of a 3-storey tower completed in 2006.

What is unit 204 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 204, Zaafaran 2

Starts from the last sale price (AED 2.24M, 26 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,240,000
Deposit, UAE resident (20%)
AED 448,000
Deposit, non-resident (40%)
AED 896,000
Monthly over 25 years at 3.7%
AED 9,165

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