2-bed · 1,265 sqftZaafaran 4, The Old Town · Ground floor · completed 2006

G03, Zaafaran 4

Sold prices and rental history: sold twice, last in December 2019, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit G03 · DLD and Ejari recordsUpdated 8 December 2019
Last soldAED 1.83M8 December 2019
Current rentAED 145K /yr23 September 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for G03, Zaafaran 4

What is G03 worth today?

Last sold for AED 1,825,000 in 2019

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8 Dec 2019SoldReady
AED 1,825,000AED 1,442 per sqft
23 Sep 2018RentedNew contract
AED 145,000/yr12 months · AED 114 per sqft
13 Apr 2018RentedRenewal
AED 175,000/yr12 months · AED 138 per sqft
13 Apr 2017RentedRenewal
AED 175,000/yr12 months · AED 138 per sqft
13 Apr 2016RentedNew contract
AED 175,000/yr12 months · AED 138 per sqft
17 Jul 2015RentedRenewal
AED 162,750/yr12 months · AED 128 per sqft
17 Jul 2014RentedRenewal
AED 155,000/yr12 months · AED 122 per sqft
17 Jul 2013RentedNew contract
AED 136,500/yr12 months · AED 107 per sqft

Source: Dubai Land Department. Updated 8 December 2019.

Key facts

Type
2-bed apartment
Size
1,265 sqft
Floor
Ground of 3
Parking
B-2563,B-2671
Developer
Emaar
Completed
2006
Service charge
AED 27,800 /yr
Last sold
AED 1.83M · December 2019
Building
Zaafaran 4

About G03, Zaafaran 4

G03 is a two-bedroom apartment of 1,265 sqft on the ground floor of Zaafaran 4, a 3-storey tower in The Old Town completed in 2006 by Emaar. It last sold on 8 December 2019 for AED 1,825,000, or AED 1,442 per sqft.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, signed on 23 September 2018, is AED 145,000 a year: a gross yield of 8.0% on the 2019 price, before the service charge of about AED 27,800 a year.

Sales and rents for G03 over time

Sales
Unit G03, each saleTypical two-bed in Zaafaran 4
2M3M2009201220152018Typical sale price by year: 2010 AED 1,864,444; 2011 AED 2,757,888; 2013 AED 2,145,000; 2016 AED 3,300,000Sold by developer, June 2009: AED 2,750,000 (AED 2,173 per sqft)Sold, December 2019: AED 1,825,000 (AED 1,442 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 4
125K150K175K2013201720212025Typical rent by year: 2013 AED 147,500; 2014 AED 150,000; 2015 AED 160,000; 2016 AED 155,000; 2017 AED 152,500; 2018 AED 145,000; 2019 AED 135,000; 2020 AED 120,000; 2021 AED 120,000; 2022 AED 125,000; 2023 AED 160,000; 2024 AED 165,000; 2025 AED 165,000; 2026 AED 165,000New contract, July 2013: AED 136,500 a yearRenewal, July 2014: AED 155,000 a yearRenewal, July 2015: AED 162,750 a yearNew contract, April 2016: AED 175,000 a yearRenewal, April 2017: AED 175,000 a yearRenewal, April 2018: AED 175,000 a yearNew contract, September 2018: AED 145,000 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 4, and where G03 sits

All 16 2-beds →

Over the last 12 months two-beds sold for AED 3,370,000, around AED 2,535 per sqft, and rent for AED 160,000 to 195,000 a year. G03's AED 145,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
12 Dec 20253,370,000
19 May 20253,200,000
5 Feb 20242,650,000
20 Jan 20232,550,000
1 2-bed sale in the last 12 months

Zaafaran 4

Building

45 apartments, 1-bed to 2-bed over 3 floors in The Old Town, completed in 2006 by Emaar. 3 sold in the last 12 months.

Typical price per sqft
AED 2,329
Typical sale
AED 3M
Typical rent
AED 160K /yr
Typical yield
5.4%
Zaafaran 4, The Old Town: prices, sales and rents →

Other units on the ground floor

All 45 units in Zaafaran 4
Value
G022-bedAED 3.3M · Mar 2016
G041-bedAED 3.75M · Apr 2025
G051-bedAED 1.9M · Apr 2023
G061-bedAED 1.9M · Mar 2023
G071-bedAED 2.4M · Apr 2023
G081-bedAED 1.38M · Oct 2010
G092-bedAED 3.15M · Nov 2021
1–7 of 11

G03, Zaafaran 4 in numbers

  • Sold twice: first on 28 June 2009 for AED 2,750,000, last on 8 December 2019 for AED 1,825,000 (AED 1,442 per sqft).
  • Rented since July 2013 on 7 Ejari contracts, from AED 136,500 to AED 145,000 a year.
  • At AED 145,000 a year the gross yield on the 2019 price is 8.0%, before a service charge of about AED 27,800 a year (AED 21.94 per sqft).
  • Two-beds in Zaafaran 4 sold for AED 3,370,000–3,370,000 in the 12 months to November 2026; the building's median across all types is AED 2,329 per sqft.

Source: Dubai Land Department. Updated 8 December 2019.

Questions about G03, Zaafaran 4

What did unit G03 last sell for?

AED 1,825,000 on 8 December 2019: AED 1,442 per sqft for 1,265 sqft. The unit has 2 registered sales; the first was AED 2,750,000 in June 2009.

What is the rent for unit G03?

AED 145,000 a year on the contract signed on 23 September 2018. The previous contract, from April 2018, was AED 175,000; the unit has been rented since July 2013.

How big is unit G03?

1,265 sqft (117.5 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. Two-beds in Zaafaran 4 sold for AED 3,370,000 to 3,370,000 in the last 12 months, around AED 2,535 per sqft.

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Mortgage on G03, Zaafaran 4

Starts from the last sale price (AED 1.83M, 8 December 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,825,000
Deposit, UAE resident (20%)
AED 365,000
Deposit, non-resident (40%)
AED 730,000
Monthly over 25 years at 3.7%
AED 7,467

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