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2-bed · 2,164 sqftZaafaran 2, The Old Town · Ground floor · completed 2006

G03, Zaafaran 2

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

Unit G03 · DLD and Ejari recordsUpdated 16 January 2024
Last soldAED 3.75M16 January 2024
Current rentAED 120K /yr15 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for G03, Zaafaran 2

What is G03 worth today?

Last sold for AED 3,750,000 in 2024

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16 Jan 2024SoldReady
AED 3,750,000AED 1,732 per sqft
15 Aug 2022RentedRenewal
AED 120,000/yr12 months · AED 87 per sqft
15 Aug 2021RentedRenewal
AED 120,000/yr12 months · AED 87 per sqft
15 Aug 2020RentedNew contract
AED 145,000/yr12 months · AED 105 per sqft
15 Aug 2019RentedRenewal
AED 145,000/yr12 months · AED 105 per sqft
15 Aug 2018RentedNew contract
AED 145,000/yr12 months · AED 105 per sqft
1 Feb 2017RentedNew contract
AED 190,000/yr12 months · AED 138 per sqft
1 Apr 2014RentedNew contract
AED 170,000/yr12 months · AED 123 per sqft

Source: Dubai Land Department. Updated 16 January 2024.

Key facts

Type
2-bed apartment
Size
2,164 sqft
Floor
Ground of 3
Parking
B-2698
Developer
Emaar
Completed
2006
Service charge
AED 40,600 /yr
Last sold
AED 3.75M · January 2024
Building
Zaafaran 2

About G03, Zaafaran 2

G03 is a two-bedroom apartment of 2,164 sqft on the ground floor of Zaafaran 2, a 3-storey tower in The Old Town completed in 2006 by Emaar. It last sold on 16 January 2024 for AED 3,750,000, or AED 1,732 per sqft.

It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, renewed on 15 August 2022, is AED 120,000 a year: a gross yield of 3.2% on the 2024 price, before the service charge of about AED 40,600 a year.

Sales and rents for G03 over time

Sales
Unit G03, each saleTypical two-bed in Zaafaran 2
2M3M4M20092013201720212025Typical sale price by year: 2009 AED 1,774,888; 2010 AED 1,744,888; 2011 AED 1,714,888; 2014 AED 3,300,000; 2022 AED 1,980,000; 2024 AED 3,075,000Sold by developer, July 2009: AED 1,752,888 (AED 1,272 per sqft)Sold, January 2024: AED 3,750,000 (AED 1,732 per sqft)

G03 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit G03, each contractTypical two-bed in Zaafaran 2
150K200K2013201720212025Typical rent by year: 2013 AED 135,000; 2014 AED 155,000; 2015 AED 166,157; 2016 AED 157,500; 2017 AED 150,000; 2018 AED 145,000; 2019 AED 135,000; 2020 AED 125,000; 2021 AED 120,000; 2022 AED 130,000; 2023 AED 160,000; 2024 AED 168,923; 2025 AED 175,000; 2026 AED 195,000New contract, April 2014: AED 170,000 a yearNew contract, February 2017: AED 190,000 a yearNew contract, August 2018: AED 145,000 a yearRenewal, August 2019: AED 145,000 a yearNew contract, August 2020: AED 145,000 a yearRenewal, August 2021: AED 120,000 a yearRenewal, August 2022: AED 120,000 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 2, and where G03 sits

All 16 2-beds →

G03's AED 120,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
22 Aug 20254,300,000
21 Nov 20241,150,000
3 Jun 20243,075,000
7 Dec 20222,300,000
0 2-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 ground floor

All 45 units in Zaafaran 2
Value
G022-bedAED 1.15M · Nov 2024
G041-bedAED 2.65M · Nov 2023
G051-bedAED 1.86M · Jan 2017
G061-bedAED 1.78M · Jun 2022
G071-bedAED 2.35M · Nov 2022
G081-bedAED 3.1M · May 2016
G092-bedAED 1.81M · Dec 2010
1–7 of 11

G03, Zaafaran 2 in numbers

  • Sold twice: first on 5 July 2009 for AED 1,752,888, last on 16 January 2024 for AED 3,750,000 (AED 1,732 per sqft).
  • Rented since April 2014 on 7 Ejari contracts, from AED 170,000 to AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2024 price is 3.2%, before a service charge of about AED 40,600 a year (AED 18.75 per sqft).

Source: Dubai Land Department. Updated 16 January 2024.

Questions about G03, Zaafaran 2

What did unit G03 last sell for?

AED 3,750,000 on 16 January 2024: AED 1,732 per sqft for 2,164 sqft. The unit has 2 registered sales; the first was AED 1,752,888 in July 2009.

What is the rent for unit G03?

AED 120,000 a year on the contract renewed on 15 August 2022. The previous contract, from August 2021, was AED 120,000; the unit has been rented since April 2014.

How big is unit G03?

2,164 sqft (201.0 sqm): a two-bedroom apartment on the ground floor of a 3-storey tower completed in 2006.

What is unit G03 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 G03, Zaafaran 2

Starts from the last sale price (AED 3.75M, 16 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,750,000
Deposit, UAE resident (20%)
AED 750,000
Deposit, non-resident (40%)
AED 1,500,000
Monthly over 25 years at 3.7%
AED 15,342

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