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1-bed · 994 sqftZaafaran 5, The Old Town · 2nd floor · completed 2006

208, Zaafaran 5

Sold prices and rental history: sold once, by the developer in July 2009, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 208 · DLD and Ejari recordsUpdated 3 October 2024
Last soldAED 2.6M30 July 2009
Current rentAED 91K /yr3 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 208, Zaafaran 5

What is 208 worth today?

Last sold for AED 2,600,000 in 2009

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3 Oct 2024RentedRenewal
AED 90,717/yr12 months · AED 92 per sqft
3 Oct 2023RentedRenewal
AED 82,425/yr12 months · AED 83 per sqft
3 Oct 2022RentedRenewal
AED 82,425/yr12 months · AED 83 per sqft
7 Jul 2021RentedNew contract
AED 62,000/yr12 months · AED 63 per sqft
17 Sep 2017RentedNew contract
AED 105,000/yr12 months · AED 106 per sqft
14 May 2013RentedNew contract
AED 90,000/yr12 months · AED 91 per sqft
30 Jul 2009Sold by developerReady
AED 2,600,000AED 2,615 per sqft

Source: Dubai Land Department. Updated 3 October 2024.

Key facts

Type
1-bed apartment
Size
994 sqft
Floor
2nd of 3
Parking
B-2783
Developer
Emaar
Completed
2006
Service charge
AED 21,800 /yr
Last sold
AED 2.6M · July 2009
Building
Zaafaran 5

About 208, Zaafaran 5

208 is a one-bedroom apartment of 994 sqft on the 2nd floor of Zaafaran 5, a 3-storey tower in The Old Town completed in 2006 by Emaar. The developer sold it on 30 July 2009 for AED 2,600,000, or AED 2,615 per sqft, in line with the AED 2,691 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, renewed on 3 October 2024, is AED 90,717 a year: a gross yield of 3.5% on the 2009 price, before the service charge of about AED 21,800 a year.

Sales and rents for 208 over time

Rents
Unit 208, each contractTypical one-bed in Zaafaran 5
75K100K2012201620202024Typical rent by year: 2012 AED 90,000; 2013 AED 95,000; 2014 AED 115,000; 2015 AED 115,000; 2016 AED 114,000; 2017 AED 110,000; 2018 AED 101,000; 2019 AED 78,000; 2020 AED 75,000; 2021 AED 73,875; 2022 AED 78,750; 2023 AED 84,891; 2024 AED 92,328; 2025 AED 115,000; 2026 AED 111,000New contract, May 2013: AED 90,000 a yearNew contract, September 2017: AED 105,000 a yearNew contract, July 2021: AED 62,000 a yearRenewal, October 2022: AED 82,425 a yearRenewal, October 2023: AED 82,425 a yearRenewal, October 2024: AED 90,717 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 5, and where 208 sits

All 38 1-beds →

208 last sold in July 2009 at AED 2,615 per sqft, in line with what one-beds in Zaafaran 5 were fetching at the time (AED 2,691). 208's AED 90,717 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
24 Aug 20092,600,000
24 Aug 20092,600,000
10 Aug 20092,600,000
10 Aug 20092,600,000
0 1-bed sales in the last 12 months

Zaafaran 5

Building

42 apartments, 1-bed to 2-bed over 3 floors in The Old Town, completed in 2006 by Emaar. No sale in the last 12 months.

Typical price per sqft
Few sales
Typical sale
Few sales
Typical rent
AED 112K /yr
Typical yield
Zaafaran 5, The Old Town: prices, sales and rents →

Other units on the 2nd floor

All 42 units in Zaafaran 5
Value
2011-bedAED 2.6M · Aug 2009
2021-bedAED 2.6M · Aug 2009
2031-bedAED 2.6M · Aug 2009
2041-bedAED 2.6M · Jul 2009
2051-bedAED 2.6M · Jul 2009
2061-bedAED 2.6M · Jul 2009
2071-bedAED 2.6M · Jul 2009
1–7 of 11

208, Zaafaran 5 in numbers

  • Sold once: by Emaar on 30 July 2009 for AED 2,600,000, or AED 2,615 per sqft.
  • Rented since May 2013 on 6 Ejari contracts. The rent fell from AED 90,000 to AED 62,000 in 2021 and recovered to AED 90,717 by October 2024.
  • At AED 90,717 a year the gross yield on the 2009 price is 3.5%, before a service charge of about AED 21,800 a year (AED 21.94 per sqft).

Source: Dubai Land Department. Updated 3 October 2024.

Questions about 208, Zaafaran 5

What did unit 208 last sell for?

AED 2,600,000 on 30 July 2009, sold by the developer: AED 2,615 per sqft for 994 sqft. It is the only registered sale of the unit.

What is the rent for unit 208?

AED 90,717 a year on the contract renewed on 3 October 2024. The previous contract, from October 2023, was AED 82,425; the unit has been rented since May 2013.

How big is unit 208?

994 sqft (92.3 sqm): a one-bedroom apartment on the 2nd floor of a 3-storey tower completed in 2006.

What is unit 208 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 208, Zaafaran 5

Starts from the last sale price (AED 2.6M, 30 July 2009). Switch to today's estimate once you have unlocked it.
Price
AED 2,600,000
Deposit, UAE resident (20%)
AED 520,000
Deposit, non-resident (40%)
AED 1,040,000
Monthly over 25 years at 3.7%
AED 10,637

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