2-bed · 1,329 sqftZanzebeel 1, The Old Town · 3rd floor · completed 2006

311, Zanzebeel 1

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

Unit 311 · DLD and Ejari recordsUpdated 7 September 2024
Last soldAED 1.77M28 December 2009
Current rentAED 165K /yr7 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 311, Zanzebeel 1

What is 311 worth today?

Last sold for AED 1,767,888 in 2009

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7 Sep 2024RentedNew contract
AED 165,000/yr12 months · AED 125 per sqft
1 Sep 2023RentedRenewal
AED 144,375/yr12 months · AED 109 per sqft
1 Sep 2022RentedRenewal
AED 131,250/yr12 months · AED 99 per sqft
1 Sep 2021RentedNew contract
AED 125,000/yr12 months · AED 94 per sqft
5 Oct 2017RentedRenewal
AED 153,798/yr12 months · AED 116 per sqft
5 Oct 2016RentedRenewal
AED 160,000/yr12 months · AED 121 per sqft
5 Oct 2015RentedRenewal
AED 162,750/yr12 months · AED 123 per sqft
5 Aug 2013RentedNew contract
AED 135,000/yr12 months · AED 102 per sqft

Source: Dubai Land Department. Updated 7 September 2024.

Key facts

Type
2-bed apartment
Size
1,329 sqft
Floor
3rd of 3
Parking
B-3456
Developer
Emaar
Completed
2006
Service charge
AED 27,400 /yr
Last sold
AED 1.77M · December 2009
Building
Zanzebeel 1

About 311, Zanzebeel 1

311 is a two-bedroom apartment of 1,329 sqft on the 3rd floor of Zanzebeel 1, a 3-storey tower in The Old Town completed in 2006 by Emaar. The developer sold it on 28 December 2009 for AED 1,767,888, or AED 1,330 per sqft, 22% above the AED 1,090 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, signed on 7 September 2024, is AED 165,000 a year: a gross yield of 9.3% on the 2009 price, before the service charge of about AED 27,400 a year.

Sales and rents for 311 over time

Sales
Unit 311, each saleTypical two-bed in Zanzebeel 1
2M3M20092013201720212025Typical 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 1,767,888 (AED 1,330 per sqft)Sold, December 2009: AED 1,870,000 (AED 1,407 per sqft)

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

Rents
Unit 311, 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, August 2013: AED 135,000 a yearRenewal, October 2015: AED 162,750 a yearRenewal, October 2016: AED 160,000 a yearRenewal, October 2017: AED 153,798 a yearNew contract, September 2021: AED 125,000 a yearRenewal, September 2022: AED 131,250 a yearRenewal, September 2023: AED 144,375 a yearNew contract, September 2024: AED 165,000 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 311 sits

All 17 2-beds →

311 last sold in December 2009 at AED 1,330 per sqft, 22% above what two-beds in Zanzebeel 1 were fetching at the time (AED 1,090). 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. 311's AED 165,000 is in the lower half 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
3072-bedAED 2.4M · Jul 2023
1–7 of 10

311, Zanzebeel 1 in numbers

  • Sold twice: first on 28 December 2009 for AED 1,870,000, last on 28 December 2009 for AED 1,767,888 (AED 1,330 per sqft).
  • Rented since August 2013 on 8 Ejari contracts, from AED 135,000 to AED 165,000 a year.
  • At AED 165,000 a year the gross yield on the 2009 price is 9.3%, before a service charge of about AED 27,400 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 7 September 2024.

Questions about 311, Zanzebeel 1

What did unit 311 last sell for?

AED 1,767,888 on 28 December 2009, sold by the developer: AED 1,330 per sqft for 1,329 sqft. The unit has 2 registered sales; the first was AED 1,870,000 in December 2009.

What is the rent for unit 311?

AED 165,000 a year on the contract signed on 7 September 2024. The previous contract, from September 2023, was AED 144,375; the unit has been rented since August 2013.

How big is unit 311?

1,329 sqft (123.5 sqm): a two-bedroom apartment on the 3rd floor of a 3-storey tower completed in 2006.

What is unit 311 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 311, Zanzebeel 1

Starts from the last sale price (AED 1.77M, 28 December 2009). Switch to today's estimate once you have unlocked it.
Price
AED 1,767,888
Deposit, UAE resident (20%)
AED 353,578
Deposit, non-resident (40%)
AED 707,155
Monthly over 25 years at 3.7%
AED 7,233

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