503, Zaafaran 3
Sold prices and rental history: sold 4 times, last in March 2024, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 503, Zaafaran 3
What is 503 worth today?
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Source: Dubai Land Department. Updated 14 March 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,210 sqft
- Floor
- 5th of 6
- Parking
- B-2842
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 26,500 /yr
- Last sold
- AED 2.7M · March 2024
- Building
- Zaafaran 3
About 503, Zaafaran 3
503 is a two-bedroom apartment of 1,210 sqft on the 5th floor of Zaafaran 3, a 6-storey tower in The Old Town completed in 2006 by Emaar. It last sold on 14 March 2024 for AED 2,700,000, or AED 2,231 per sqft, 6% above the AED 2,098 two-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 4 Ejari contracts. The current contract, renewed on 15 November 2018, is AED 140,000 a year: a gross yield of 5.2% on the 2024 price, before the service charge of about AED 26,500 a year.
Sales and rents for 503 over time
503 has sold 4 times; the dashed line is the two-bed median of each year in the building.
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 503 sits
All 28 2-beds →503 last sold in March 2024 at AED 2,231 per sqft, 6% above what two-beds in Zaafaran 3 were fetching at the time (AED 2,098). 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. 503's AED 140,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 5 Oct 20265 October 2026 | 1,507 sqft | 3,600,000 | 2,388 | ||
| 9 Jul 20269 July 2026 | 1,507 sqft | 2,580,888 | 1,712 | ||
| 27 Feb 202627 February 2026 | 1,507 sqft | 3,500,000 | 2,322 | ||
| 27 Feb 202627 February 2026 | 1,244 sqft | 3,000,000 | 2,411 |
Zaafaran 3
Building44 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%
Other units on the 5th floor
All 44 units in Zaafaran 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,348 sqft | AED 3.5MAED 3,500,000 · Feb 2026February 2026 | 170,000 /yr | |
| 502 | 2-bed | 1,507 sqft | AED 3.5MAED 3,500,000 · Feb 2026February 2026 | 160,000 /yr | |
| 504 | 1-bed | 819 sqft | AED 1.63MAED 1,625,000 · May 2015May 2015 | 90,000 /yr | |
| 505 | 1-bed | 757 sqft | AED 1.9MAED 1,900,000 · Aug 2014August 2014 | 95,000 /yr | |
| 506 | 2-bed | 1,244 sqft | AED 3MAED 3,000,000 · Feb 2026February 2026 | 150,000 /yr | |
| 507 | 2-bed | 1,344 sqft | AED 3.5MAED 3,500,000 · Feb 2026February 2026 | 180,000 /yr |
503, Zaafaran 3 in numbers
- Sold 4 times: first on 17 March 2011 for AED 1,526,956, last on 14 March 2024 for AED 2,700,000 (AED 2,231 per sqft).
- Rented since January 2015 on 4 Ejari contracts, from AED 165,000 to AED 140,000 a year.
- At AED 140,000 a year the gross yield on the 2024 price is 5.2%, before a service charge of about AED 26,500 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 14 March 2024.
Questions about 503, Zaafaran 3
What did unit 503 last sell for?
AED 2,700,000 on 14 March 2024: AED 2,231 per sqft for 1,210 sqft. The unit has 4 registered sales; the first was AED 1,526,956 in March 2011.
What is the rent for unit 503?
AED 140,000 a year on the contract renewed on 15 November 2018. The previous contract, from November 2017, was AED 140,000; the unit has been rented since January 2015.
How big is unit 503?
1,210 sqft (112.4 sqm): a two-bedroom apartment on the 5th floor of a 6-storey tower completed in 2006.
What is unit 503 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 503, Zaafaran 3
Starts from the last sale price (AED 2.7M, 14 March 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,700,000
- Deposit, UAE resident (20%)
- AED 540,000
- Deposit, non-resident (40%)
- AED 1,080,000
- Monthly over 25 years at 3.7%
- AED 11,047
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →