2-bed · 703 sqftZanzebeel 3, The Old Town · 3rd floor · completed 2006

304, Zanzebeel 3

Sold prices and rental history: sold once, by the developer in April 2010, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 304 · DLD and Ejari recordsUpdated 15 May 2023
Last soldAED 2.13M15 April 2010
Current rentAED 108K /yr15 May 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 304, Zanzebeel 3

What is 304 worth today?

Last sold for AED 2,134,888 in 2010

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15 May 2023RentedNew contract
AED 107,525/yr12 months · AED 76 per sqft
15 May 2022RentedRenewal
AED 97,750/yr12 months · AED 69 per sqft
15 May 2021RentedNew contract
AED 85,000/yr12 months · AED 60 per sqft
1 Sep 2020RentedNew contract
AED 85,000/yr12 months · AED 60 per sqft
30 May 2019RentedNew contract
AED 100,000/yr12 months · AED 71 per sqft
25 Mar 2017RentedRenewal
AED 132,000/yr12 months · AED 94 per sqft
25 Mar 2016RentedRenewal
AED 132,000/yr12 months · AED 94 per sqft
25 Mar 2015RentedRenewal
AED 132,000/yr12 months · AED 94 per sqft

Source: Dubai Land Department. Updated 15 May 2023.

Key facts

Type
2-bed apartment
Size
703 sqft
Floor
3rd of 3
Parking
B-3663
Developer
Emaar
Completed
2006
Service charge
AED 14,500 /yr
Last sold
AED 2.13M · April 2010
Building
Zanzebeel 3

About 304, Zanzebeel 3

304 is a two-bedroom apartment of 703 sqft on the 3rd floor of Zanzebeel 3, a 3-storey tower in The Old Town completed in 2006 by Emaar. The developer sold it on 15 April 2010 for AED 2,134,888, or AED 1,519 per sqft, 13% below the AED 1,739 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 9 Ejari contracts. The current contract, signed on 15 May 2023, is AED 107,525 a year: a gross yield of 5.0% on the 2010 price, before the service charge of about AED 14,500 a year.

Sales and rents for 304 over time

Sales
Unit 304, each saleTypical two-bed in Zanzebeel 3
2M3M2009201420192024Typical sale price by year: 2009 AED 2,103,444; 2010 AED 2,564,388; 2011 AED 1,997,888; 2012 AED 1,863,444; 2013 AED 2,650,000; 2014 AED 2,675,000; 2015 AED 2,362,500; 2025 AED 2,700,000; 2026 AED 3,025,000Sold by developer, April 2010: AED 2,134,888 (AED 1,519 per sqft)

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

Rents
Unit 304, each contractTypical two-bed in Zanzebeel 3
100K150K2013201720212025Typical rent by year: 2013 AED 142,500; 2014 AED 146,000; 2015 AED 175,000; 2016 AED 150,000; 2017 AED 132,000; 2018 AED 130,500; 2019 AED 110,000; 2020 AED 102,500; 2021 AED 95,000; 2022 AED 108,350; 2023 AED 110,000; 2024 AED 160,000; 2025 AED 170,000; 2026 AED 176,511New contract, March 2014: AED 132,000 a yearRenewal, March 2015: AED 132,000 a yearRenewal, March 2016: AED 132,000 a yearRenewal, March 2017: AED 132,000 a yearNew contract, May 2019: AED 100,000 a yearNew contract, September 2020: AED 85,000 a yearNew contract, May 2021: AED 85,000 a yearRenewal, May 2022: AED 97,750 a yearNew contract, May 2023: AED 107,525 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 3, and where 304 sits

All 19 2-beds →

304 last sold in April 2010 at AED 1,519 per sqft, 13% below what two-beds in Zanzebeel 3 were fetching at the time (AED 1,739). Over the last 12 months two-beds sold for AED 2,850,000 to 3,250,000, around AED 2,271 per sqft, and rent for AED 70,000 to 260,000 a year. 304's AED 107,525 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
14 Aug 20263,100,000
6 Feb 20262,950,000
23 Jan 20263,250,000
19 Jan 20262,850,000
4 2-bed sales in the last 12 months

Zanzebeel 3

Building

44 apartments, 1-bed to 2-bed over 3 floors in The Old Town, completed in 2006 by Emaar. 5 sold in the last 12 months.

Typical price per sqft
AED 2,255
Typical sale
AED 2.95M
Typical rent
AED 120K /yr
Typical yield
4.9%
Zanzebeel 3, The Old Town: prices, sales and rents →

Other units on the 3rd floor

All 44 units in Zanzebeel 3
Value
3012-bedAED 2.95M · Mar 2014
3021-bedAED 1.39M · May 2021
3031-bedAED 787K · Jun 2009
3052-bedAED 2.95M · Feb 2026
3061-bedAED 1.4M · Nov 2017
3071-bedAED 1.48M · Mar 2023
3082-bedAED 2.52M · Oct 2023
1–7 of 10

304, Zanzebeel 3 in numbers

  • Sold once: by Emaar on 15 April 2010 for AED 2,134,888, or AED 1,519 per sqft.
  • Rented since March 2014 on 9 Ejari contracts. The rent fell from AED 132,000 to AED 85,000 in 2021 and recovered to AED 107,525 by May 2023.
  • At AED 107,525 a year the gross yield on the 2010 price is 5.0%, before a service charge of about AED 14,500 a year (AED 20.62 per sqft).
  • Two-beds in Zanzebeel 3 sold for AED 2,850,000–3,250,000 in the 12 months to November 2026; the building's median across all types is AED 2,255 per sqft.

Source: Dubai Land Department. Updated 15 May 2023.

Questions about 304, Zanzebeel 3

What did unit 304 last sell for?

AED 2,134,888 on 15 April 2010, sold by the developer: AED 1,519 per sqft for 703 sqft. It is the only registered sale of the unit.

What is the rent for unit 304?

AED 107,525 a year on the contract signed on 15 May 2023. The previous contract, from May 2022, was AED 97,750; the unit has been rented since March 2014.

How big is unit 304?

703 sqft (65.3 sqm): a two-bedroom apartment on the 3rd floor of a 3-storey tower completed in 2006.

What is unit 304 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Zanzebeel 3 sold for AED 2,850,000 to 3,250,000 in the last 12 months, around AED 2,271 per sqft.

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Mortgage on 304, Zanzebeel 3

Starts from the last sale price (AED 2.13M, 15 April 2010). Switch to today's estimate once you have unlocked it.
Price
AED 2,134,888
Deposit, UAE resident (20%)
AED 426,978
Deposit, non-resident (40%)
AED 853,955
Monthly over 25 years at 3.7%
AED 8,734

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