2-bed · 1,423 sqftZanzebeel 1, The Old Town · 3rd floor · completed 2006

307, Zanzebeel 1

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

Unit 307 · DLD and Ejari recordsUpdated 24 July 2023
Last soldAED 2.4M24 July 2023
Current rentAED 90K /yr1 May 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 307, Zanzebeel 1

What is 307 worth today?

Last sold for AED 2,400,000 in 2023

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24 Jul 2023SoldReady
AED 2,400,000AED 1,686 per sqft
1 May 2021RentedNew contract
AED 90,000/yr12 months · AED 63 per sqft
29 Jul 2020RentedRenewal
AED 100,000/yr6 months · AED 70 per sqft
29 Jul 2019RentedNew contract
AED 110,000/yr12 months · AED 77 per sqft
15 Jun 2018RentedNew contract
AED 120,000/yr12 months · AED 84 per sqft
1 Jan 2017RentedNew contract
AED 155,000/yr12 months · AED 109 per sqft
1 Apr 2016RentedRenewal
AED 165,000/yr12 months · AED 116 per sqft
1 Apr 2015RentedNew contract
AED 165,000/yr12 months · AED 116 per sqft

Source: Dubai Land Department. Updated 24 July 2023.

Key facts

Type
2-bed apartment
Size
1,423 sqft
Floor
3rd of 3
Parking
B-3455
Developer
Emaar
Completed
2006
Service charge
AED 29,300 /yr
Last sold
AED 2.4M · July 2023
Building
Zanzebeel 1

About 307, Zanzebeel 1

307 is a two-bedroom apartment of 1,423 sqft on the 3rd floor of Zanzebeel 1, a 3-storey tower in The Old Town completed in 2006 by Emaar. It last sold on 24 July 2023 for AED 2,400,000, or AED 1,686 per sqft, 6% above the AED 1,591 two-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 1 May 2021, is AED 90,000 a year: a gross yield of 3.8% on the 2023 price, before the service charge of about AED 29,300 a year.

Sales and rents for 307 over time

Sales
Unit 307, each saleTypical two-bed in Zanzebeel 1
1M2M3M20092013201720212025Typical sale price by year: 2009 AED 1,489,416; 2010 AED 1,778,388; 2011 AED 1,400,000; 2013 AED 2,050,000; 2014 AED 2,650,000; 2015 AED 2,862,500; 2023 AED 2,400,641; 2024 AED 2,950,000Sold by developer, December 2009: AED 1,210,944 (AED 850 per sqft)Sold, July 2023: AED 2,400,000 (AED 1,686 per sqft)

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

Rents
Unit 307, each contractTypical two-bed in Zanzebeel 1
100K150K200K2013201720212025Typical rent by year: 2013 AED 157,500; 2014 AED 152,500; 2015 AED 165,000; 2016 AED 160,000; 2017 AED 160,000; 2018 AED 131,000; 2019 AED 120,000; 2020 AED 100,000; 2021 AED 105,000; 2022 AED 125,000; 2023 AED 144,375; 2024 AED 157,500; 2025 AED 195,000; 2026 AED 180,000New contract, April 2014: AED 165,000 a yearNew contract, April 2015: AED 165,000 a yearRenewal, April 2016: AED 165,000 a yearNew contract, January 2017: AED 155,000 a yearNew contract, June 2018: AED 120,000 a yearNew contract, July 2019: AED 110,000 a yearRenewal, July 2020: AED 100,000 a yearNew contract, May 2021: AED 90,000 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 Zanzebeel 1, and where 307 sits

All 17 2-beds →

307 last sold in July 2023 at AED 1,686 per sqft, 6% above what two-beds in Zanzebeel 1 were fetching at the time (AED 1,591). Over the last 12 months two-beds sold for AED 3,650,000 to 3,775,000, around AED 2,095 per sqft, and rent for AED 159,571 to 250,000 a year. 307's AED 90,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
26 Aug 20263,775,000
30 Jul 202621,573
8 Jan 20263,650,000
2 Jan 2026148,882
4 2-bed sales in the last 12 months

Zanzebeel 1

Building

38 apartments, 1-bed to 2-bed over 3 floors in The Old Town, completed in 2006 by Emaar. 6 sold in the last 12 months.

Typical price per sqft
AED 2,314
Typical sale
AED 3.03M
Typical rent
AED 160K /yr
Typical yield
5.3%
Zanzebeel 1, The Old Town: prices, sales and rents →

Other units on the 3rd floor

All 38 units in Zanzebeel 1
Value
3011-bedAED 1.55M · Dec 2022
3021-bedAED 1.51M · Jan 2013
3032-bedAED 2.9M · Dec 2023
3042-bedAED 1.97M · Oct 2013
3051-bedAED 2.25M · Nov 2024
3061-bedAED 1M · Jan 2021
3082-bedAED 1.95M · Nov 2022
1–7 of 10

307, Zanzebeel 1 in numbers

  • Sold twice: first on 20 December 2009 for AED 1,210,944, last on 24 July 2023 for AED 2,400,000 (AED 1,686 per sqft).
  • Rented since April 2014 on 8 Ejari contracts, from AED 165,000 to AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2023 price is 3.8%, before a service charge of about AED 29,300 a year (AED 20.62 per sqft).
  • Two-beds in Zanzebeel 1 sold for AED 3,650,000–3,775,000 in the 12 months to November 2026; the building's median across all types is AED 2,314 per sqft.

Source: Dubai Land Department. Updated 24 July 2023.

Questions about 307, Zanzebeel 1

What did unit 307 last sell for?

AED 2,400,000 on 24 July 2023: AED 1,686 per sqft for 1,423 sqft. The unit has 2 registered sales; the first was AED 1,210,944 in December 2009.

What is the rent for unit 307?

AED 90,000 a year on the contract signed on 1 May 2021. The previous contract, from July 2020, was AED 100,000; the unit has been rented since April 2014.

How big is unit 307?

1,423 sqft (132.2 sqm): a two-bedroom apartment on the 3rd floor of a 3-storey tower completed in 2006.

What is unit 307 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Zanzebeel 1 sold for AED 3,650,000 to 3,775,000 in the last 12 months, around AED 2,095 per sqft.

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Mortgage on 307, Zanzebeel 1

Starts from the last sale price (AED 2.4M, 24 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,400,000
Deposit, UAE resident (20%)
AED 480,000
Deposit, non-resident (40%)
AED 960,000
Monthly over 25 years at 3.7%
AED 9,819

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