2-bed · 1,244 sqftZaafaran 3, The Old Town · 2nd floor · completed 2006

206, Zaafaran 3

Sold prices and rental history: sold twice, last in February 2024, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 206 · DLD and Ejari recordsUpdated 21 February 2024
Last soldAED 2.61M21 February 2024
Current rentAED 110K /yr1 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 206, Zaafaran 3

What is 206 worth today?

Last sold for AED 2,610,000 in 2024

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21 Feb 2024SoldReady
AED 2,610,000AED 2,098 per sqft
1 Feb 2023RentedRenewal
AED 110,000/yr12 months · AED 88 per sqft
1 Feb 2022RentedNew contract
AED 110,000/yr12 months · AED 88 per sqft
1 Aug 2021RentedRenewal
AED 115,000/yr12 months · AED 92 per sqft
1 Aug 2020RentedNew contract
AED 115,000/yr12 months · AED 92 per sqft
1 Aug 2019RentedNew contract
AED 130,000/yr12 months · AED 104 per sqft
1 Jun 2019RentedNew contract
AED 110,000/yr12 months · AED 88 per sqft
2 Aug 2017RentedRenewal
AED 155,228/yr22 months · AED 124 per sqft

Source: Dubai Land Department. Updated 21 February 2024.

Key facts

Type
2-bed apartment
Size
1,244 sqft
Floor
2nd of 6
Parking
B-2836
Developer
Emaar
Completed
2006
Service charge
AED 27,300 /yr
Last sold
AED 2.61M · February 2024
Building
Zaafaran 3

About 206, Zaafaran 3

206 is a two-bedroom apartment of 1,244 sqft on the 2nd floor of Zaafaran 3, a 6-storey tower in The Old Town completed in 2006 by Emaar. It last sold on 21 February 2024 for AED 2,610,000, or AED 2,098 per sqft, 18% above the AED 1,785 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 12 Ejari contracts. The current contract, renewed on 1 February 2023, is AED 110,000 a year: a gross yield of 4.2% on the 2024 price, before the service charge of about AED 27,300 a year.

Sales and rents for 206 over time

Sales
Unit 206, each saleTypical two-bed in Zaafaran 3
2M3M2009201420192024Typical sale price by year: 2009 AED 2,248,212; 2010 AED 2,037,500; 2011 AED 2,483,926; 2012 AED 1,650,000; 2013 AED 1,471,156; 2014 AED 3,300,000; 2015 AED 2,000,000; 2016 AED 3,400,000; 2017 AED 2,462,500; 2019 AED 1,655,000; 2021 AED 1,850,000; 2023 AED 2,400,000; 2024 AED 2,700,000; 2025 AED 3,250,000; 2026 AED 3,500,000Sold by developer, April 2011: AED 2,845,000 (AED 2,286 per sqft)Sold, February 2024: AED 2,610,000 (AED 2,098 per sqft)

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

Rents
Unit 206, each contractTypical two-bed in Zaafaran 3
100K150K200K2012201620202024Typical rent by year: 2012 AED 135,000; 2013 AED 135,000; 2014 AED 150,000; 2015 AED 155,000; 2016 AED 165,000; 2017 AED 149,000; 2018 AED 135,000; 2019 AED 125,000; 2020 AED 110,000; 2021 AED 110,000; 2022 AED 126,000; 2023 AED 145,000; 2024 AED 170,000; 2025 AED 200,000; 2026 AED 170,000New contract, September 2012: AED 110,000 a yearNew contract, October 2013: AED 135,000 a yearNew contract, September 2014: AED 155,000 a yearNew contract, August 2015: AED 154,584 a yearRenewal, August 2016: AED 155,418 a yearRenewal, August 2017: AED 155,228 a yearNew contract, June 2019: AED 110,000 a yearNew contract, August 2019: AED 130,000 a yearNew contract, August 2020: AED 115,000 a yearRenewal, August 2021: AED 115,000 a yearNew contract, February 2022: AED 110,000 a yearRenewal, February 2023: AED 110,000 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 3, and where 206 sits

All 28 2-beds →

206 last sold in February 2024 at AED 2,098 per sqft, 18% above what two-beds in Zaafaran 3 were fetching at the time (AED 1,785). Over the last 12 months two-beds sold for AED 2,580,888 to 3,600,000, around AED 2,388 per sqft, and rent for AED 140,000 to 345,000 a year. 206's AED 110,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
5 Oct 20263,600,000
9 Jul 20262,580,888
27 Feb 20263,500,000
27 Feb 20263,000,000
7 2-bed sales in the last 12 months

Zaafaran 3

Building

44 apartments, 1-bed to 3-bed over 6 floors in The Old Town, completed in 2006 by Emaar. 8 sold in the last 12 months.

Typical price per sqft
AED 2,355
Typical sale
AED 3.5M
Typical rent
AED 161K /yr
Typical yield
5.4%
Zaafaran 3, The Old Town: prices, sales and rents →

Other units on the 2nd floor

All 44 units in Zaafaran 3
Value
2012-bedAED 2.7M · May 2019
2022-bedAED 3.5M · Nov 2025
2032-bedAED 2.68M · Jan 2017
2041-bedAED 948K · Jun 2010
2051-bedAED 1.43M · Nov 2023
2072-bedAED 2.56M · Jan 2025

206, Zaafaran 3 in numbers

  • Sold twice: first on 12 April 2011 for AED 2,845,000, last on 21 February 2024 for AED 2,610,000 (AED 2,098 per sqft).
  • Rented since September 2012 on 12 Ejari contracts, at AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2024 price is 4.2%, before a service charge of about AED 27,300 a year (AED 21.94 per sqft).
  • Two-beds in Zaafaran 3 sold for AED 2,580,888–3,600,000 in the 12 months to November 2026; the building's median across all types is AED 2,355 per sqft.

Source: Dubai Land Department. Updated 21 February 2024.

Questions about 206, Zaafaran 3

What did unit 206 last sell for?

AED 2,610,000 on 21 February 2024: AED 2,098 per sqft for 1,244 sqft. The unit has 2 registered sales; the first was AED 2,845,000 in April 2011.

What is the rent for unit 206?

AED 110,000 a year on the contract renewed on 1 February 2023. The previous contract, from February 2022, was AED 110,000; the unit has been rented since September 2012.

How big is unit 206?

1,244 sqft (115.6 sqm): a two-bedroom apartment on the 2nd floor of a 6-storey tower completed in 2006.

What is unit 206 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Zaafaran 3 sold for AED 2,580,888 to 3,600,000 in the last 12 months, around AED 2,388 per sqft.

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Mortgage on 206, Zaafaran 3

Starts from the last sale price (AED 2.61M, 21 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,610,000
Deposit, UAE resident (20%)
AED 522,000
Deposit, non-resident (40%)
AED 1,044,000
Monthly over 25 years at 3.7%
AED 10,678

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