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2-bed · 1,404 sqftZanzebeel 4, The Old Town · 5th floor · completed 2006

505, Zanzebeel 4

Sold prices and rental history: sold twice, last in March 2016, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 505 · DLD and Ejari recordsUpdated 14 May 2024
Last soldAED 2.8M31 March 2016
Current rentAED 160K /yr14 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 505, Zanzebeel 4

What is 505 worth today?

Last sold for AED 2,800,000 in 2016

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14 May 2024RentedRenewal
AED 160,000/yr12 months · AED 114 per sqft
14 May 2023RentedRenewal
AED 150,000/yr12 months · AED 107 per sqft
14 May 2022RentedRenewal
AED 150,000/yr12 months · AED 107 per sqft
14 May 2021RentedNew contract
AED 96,500/yr12 months · AED 69 per sqft
26 Nov 2018RentedNew contract
AED 115,000/yr12 months · AED 82 per sqft
31 Mar 2016SoldReady
AED 2,800,000AED 1,994 per sqft
20 Sep 2013RentedNew contract
AED 140,000/yr12 months · AED 100 per sqft
10 Aug 2009Sold by developerReady
AED 2,643,888AED 1,883 per sqft

Source: Dubai Land Department. Updated 14 May 2024.

Key facts

Type
2-bed apartment
Size
1,404 sqft
Floor
5th of 8
Parking
B-3649
Developer
Emaar
Completed
2006
Service charge
AED 29,000 /yr
Last sold
AED 2.8M · March 2016
Building
Zanzebeel 4

About 505, Zanzebeel 4

505 is a two-bedroom apartment of 1,404 sqft on the 5th floor of Zanzebeel 4, a 8-storey tower in The Old Town completed in 2006 by Emaar. It last sold on 31 March 2016 for AED 2,800,000, or AED 1,994 per sqft.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, renewed on 14 May 2024, is AED 160,000 a year: a gross yield of 5.7% on the 2016 price, before the service charge of about AED 29,000 a year.

Sales and rents for 505 over time

Sales
Unit 505, each saleTypical two-bed in Zanzebeel 4
2M3M20092013201720212025Typical sale price by year: 2009 AED 2,547,888; 2010 AED 2,407,888; 2011 AED 2,304,888; 2012 AED 1,600,000; 2024 AED 2,600,000Sold by developer, August 2009: AED 2,643,888 (AED 1,883 per sqft)Sold, March 2016: AED 2,800,000 (AED 1,994 per sqft)

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

Rents
Unit 505, each contractTypical two-bed in Zanzebeel 4
100K150K2012201620202024Typical rent by year: 2012 AED 123,000; 2013 AED 140,000; 2014 AED 165,000; 2015 AED 165,000; 2016 AED 160,000; 2017 AED 152,500; 2018 AED 135,000; 2019 AED 120,000; 2020 AED 99,500; 2021 AED 110,000; 2022 AED 117,750; 2023 AED 139,500; 2024 AED 160,000; 2025 AED 170,000; 2026 AED 155,000New contract, September 2013: AED 140,000 a yearNew contract, November 2018: AED 115,000 a yearNew contract, May 2021: AED 96,500 a yearRenewal, May 2022: AED 150,000 a yearRenewal, May 2023: AED 150,000 a yearRenewal, May 2024: AED 160,000 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 4, and where 505 sits

All 15 2-beds →

505's AED 160,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
25 Jun 20253,150,000
23 Dec 20242,900,000
31 May 20242,550,000
14 May 20242,600,000
0 2-bed sales in the last 12 months

Zanzebeel 4

Building

41 apartments, 1-bed to 4-bed over 8 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 155K /yr
Typical yield
Zanzebeel 4, The Old Town: prices, sales and rents →

Other units on the 5th floor

All 41 units in Zanzebeel 4
Value
5011-bedAED 1.35M · Jun 2016
5022-bedAED 2.44M · May 2010
5031-bedAED 1.55M · Aug 2021
5043-bedAED 3.33M · Oct 2022

505, Zanzebeel 4 in numbers

  • Sold twice: first on 10 August 2009 for AED 2,643,888, last on 31 March 2016 for AED 2,800,000 (AED 1,994 per sqft).
  • Rented since September 2013 on 6 Ejari contracts. The rent fell from AED 140,000 to AED 96,500 in 2021 and recovered to AED 160,000 by May 2024.
  • At AED 160,000 a year the gross yield on the 2016 price is 5.7%, before a service charge of about AED 29,000 a year (AED 20.62 per sqft).

Source: Dubai Land Department. Updated 14 May 2024.

Questions about 505, Zanzebeel 4

What did unit 505 last sell for?

AED 2,800,000 on 31 March 2016: AED 1,994 per sqft for 1,404 sqft. The unit has 2 registered sales; the first was AED 2,643,888 in August 2009.

What is the rent for unit 505?

AED 160,000 a year on the contract renewed on 14 May 2024. The previous contract, from May 2023, was AED 150,000; the unit has been rented since September 2013.

How big is unit 505?

1,404 sqft (130.4 sqm): a two-bedroom apartment on the 5th floor of a 8-storey tower completed in 2006.

What is unit 505 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 505, Zanzebeel 4

Starts from the last sale price (AED 2.8M, 31 March 2016). Switch to today's estimate once you have unlocked it.
Price
AED 2,800,000
Deposit, UAE resident (20%)
AED 560,000
Deposit, non-resident (40%)
AED 1,120,000
Monthly over 25 years at 3.7%
AED 11,456

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