1-bed · 2,892 sqftZaafaran 2, The Old Town · Ground floor · completed 2006

G04, Zaafaran 2

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

Unit G04 · DLD and Ejari recordsUpdated 27 November 2023
Last soldAED 2.65M27 November 2023
Current rentAED 120K /yr5 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for G04, Zaafaran 2

What is G04 worth today?

Last sold for AED 2,650,000 in 2023

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27 Nov 2023SoldReady
AED 2,650,000AED 916 per sqft
5 Sep 2022RentedNew contract
AED 120,000/yr12 months · AED 96 per sqft
5 Sep 2021RentedNew contract
AED 120,000/yr12 months · AED 96 per sqft
2 Jun 2021RentedNew contract
AED 105,000/yr12 months · AED 84 per sqft
13 Jan 2021RentedNew contract
AED 95,000/yr12 months · AED 76 per sqft
15 Sep 2019RentedNew contract
AED 115,000/yr12 months · AED 92 per sqft
28 Jul 2018RentedNew contract
AED 130,000/yr12 months · AED 104 per sqft
10 Feb 2015RentedNew contract
AED 168,000/yr12 months · AED 135 per sqft

Source: Dubai Land Department. Updated 27 November 2023.

Key facts

Type
1-bed apartment
Size
2,892 sqft
Floor
Ground of 3
Parking
B-2700
Developer
Emaar
Completed
2006
Service charge
AED 54,200 /yr
Last sold
AED 2.65M · November 2023
Building
Zaafaran 2

About G04, Zaafaran 2

G04 is a one-bedroom apartment of 2,892 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 27 November 2023 for AED 2,650,000, or AED 916 per sqft, 47% below the AED 1,737 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, signed on 5 September 2022, is AED 120,000 a year: a gross yield of 4.5% on the 2023 price, before the service charge of about AED 54,200 a year.

Sales and rents for G04 over time

Sales
Unit G04, each saleTypical one-bed in Zaafaran 2
1M2M3M2008201320182023Typical 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, May 2010: AED 1,712,912 (AED 1,369 per sqft)Sold, August 2014: AED 3,100,000 (AED 2,478 per sqft)Sold, November 2023: AED 2,650,000 (AED 916 per sqft)

G04 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit G04, each contractTypical one-bed in Zaafaran 2
100K150K2012201620202024Typical 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, February 2014: AED 160,000 a yearNew contract, February 2015: AED 168,000 a yearNew contract, July 2018: AED 130,000 a yearNew contract, September 2019: AED 115,000 a yearNew contract, January 2021: AED 95,000 a yearNew contract, June 2021: AED 105,000 a yearNew contract, September 2021: AED 120,000 a yearNew contract, September 2022: AED 120,000 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 G04 sits

All 29 1-beds →

G04 last sold in November 2023 at AED 916 per sqft, 47% below what one-beds in Zaafaran 2 were fetching at the time (AED 1,737). 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. G04's AED 120,000 is in the upper 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
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 ground floor

All 45 units in Zaafaran 2
Value
G022-bedAED 1.15M · Nov 2024
G032-bedAED 3.75M · Jan 2024
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

G04, Zaafaran 2 in numbers

  • Sold 3 times: first on 12 May 2010 for AED 1,712,912, last on 27 November 2023 for AED 2,650,000 (AED 916 per sqft).
  • Rented since February 2014 on 8 Ejari contracts. The rent fell from AED 160,000 to AED 95,000 in 2021 and recovered to AED 120,000 by September 2022.
  • At AED 120,000 a year the gross yield on the 2023 price is 4.5%, before a service charge of about AED 54,200 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 27 November 2023.

Questions about G04, Zaafaran 2

What did unit G04 last sell for?

AED 2,650,000 on 27 November 2023: AED 916 per sqft for 2,892 sqft. The unit has 3 registered sales; the first was AED 1,712,912 in May 2010.

What is the rent for unit G04?

AED 120,000 a year on the contract signed on 5 September 2022. The previous contract, from September 2021, was AED 120,000; the unit has been rented since February 2014.

How big is unit G04?

2,892 sqft (268.7 sqm): a one-bedroom apartment on the ground floor of a 3-storey tower completed in 2006.

What is unit G04 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 G04, Zaafaran 2

Starts from the last sale price (AED 2.65M, 27 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,650,000
Deposit, UAE resident (20%)
AED 530,000
Deposit, non-resident (40%)
AED 1,060,000
Monthly over 25 years at 3.7%
AED 10,842

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