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2-bed · 2,466 sqftOne Zaabeel The Residences, Zaabeel First · 38th floor · completed 2023

38-01, One Zaabeel The Residences

Sold prices and rental history: sold once, by the developer in September 2022, and rented once, from April 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 38-01 · DLD and Ejari recordsUpdated 5 April 2024
Last soldAED 8.71M23 September 2022
Current rentAED 595K /yr5 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 38-01, One Zaabeel The Residences

What is 38-01 worth today?

Last sold for AED 8,705,000 in 2022

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5 Apr 2024RentedNew contract
AED 595,000/yr12 months · AED 241 per sqft
23 Sep 2022Sold by developerOff-plan
AED 8,705,000AED 3,529 per sqft

Source: Dubai Land Department. Updated 5 April 2024.

Key facts

Type
2-bed apartment
Size
2,466 sqft
Floor
38th of 58
Parking
2
Developer
One Zaabeel
Completed
2023
Last sold
AED 8.71M · September 2022
Building
One Zaabeel The Residences

About 38-01, One Zaabeel The Residences

38-01 is a two-bedroom apartment of 2,466 sqft on the 38th floor of One Zaabeel The Residences, a 58-storey tower in Zaabeel First completed in 2023 by One Zaabeel . The developer sold it on 23 September 2022 for AED 8,705,000, or AED 3,529 per sqft, 5% below the AED 3,716 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 5 April 2024. The current contract, signed on 5 April 2024, is AED 595,000 a year: a gross yield of 6.8% on the 2022 price.

Sales and rents for 38-01 over time

Sales
Unit 38-01, each saleTypical two-bed in One Zaabeel The Residences
8M10M202220242026Typical sale price by year: 2022 AED 8,875,500; 2023 AED 7,200,000; 2024 AED 10,100,000; 2025 AED 8,800,000; 2026 AED 10,250,000Sold by developer, September 2022: AED 8,705,000 (AED 3,529 per sqft)

38-01 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 38-01, each contractTypical two-bed in One Zaabeel The Residences
500K600K2024202520262027Typical rent by year: 2024 AED 467,500; 2025 AED 500,000; 2026 AED 500,000New contract, April 2024: AED 595,000 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 One Zaabeel The Residences, and where 38-01 sits

All 170 2-beds →

38-01 last sold in September 2022 at AED 3,529 per sqft, 5% below what two-beds in One Zaabeel The Residences were fetching at the time (AED 3,716). Over the last 12 months two-beds sold for AED 6,000,000 to 15,220,000, around AED 4,166 per sqft, and rent for AED 90,000 to 850,000 a year. 38-01's AED 595,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
28 Oct 202615,220,000
28 Oct 20267,080,800
28 Oct 20268,500,000
21 Oct 202610,250,000
23 2-bed sales in the last 12 months

One Zaabeel The Residences

Building

258 apartments, 1-bed to 5-bed over 58 floors in Zaabeel First, completed in 2023 by One Zaabeel . 30 sold in the last 12 months.

Typical price per sqft
AED 4,167 Down 10.5%
Typical sale
AED 8.4M
Typical rent
AED 440K /yr
Typical yield
6.0%
One Zaabeel The Residences, Zaabeel First: prices, sales and rents →

Other units on the 38th floor

All 258 units in One Zaabeel The Residences
Value
38-022-bedAED 11.2M · Jul 2023
38-032-bedAED 9.06M · Oct 2022
38-043-bedAED 19.75M · Oct 2023
38-052-bedAED 12M · Jun 2023
38-061-bedAED 5.82M · Jan 2023
38-072-bedAED 9.42M · Oct 2022
38-082-bedAED 7.85M · Aug 2022
1–7 of 8

38-01, One Zaabeel The Residences in numbers

  • Sold once: by One Zaabeel on 23 September 2022 for AED 8,705,000, or AED 3,529 per sqft.
  • Rented since April 2024 on one Ejari contract, at AED 595,000 a year.
  • At AED 595,000 a year the gross yield on the 2022 price is 6.8%.
  • Two-beds in One Zaabeel The Residences sold for AED 6,000,000–15,220,000 in the 12 months to November 2026; the building's median across all types is AED 4,167 per sqft.

Source: Dubai Land Department. Updated 5 April 2024.

Questions about 38-01, One Zaabeel The Residences

What did unit 38-01 last sell for?

AED 8,705,000 on 23 September 2022, sold by the developer: AED 3,529 per sqft for 2,466 sqft. It is the only registered sale of the unit.

What is the rent for unit 38-01?

AED 595,000 a year on the contract signed on 5 April 2024.

How big is unit 38-01?

2,466 sqft (229.1 sqm): a two-bedroom apartment on the 38th floor of a 58-storey tower completed in 2023.

What is unit 38-01 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in One Zaabeel The Residences sold for AED 6,000,000 to 15,220,000 in the last 12 months, around AED 4,166 per sqft.

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Mortgage on 38-01, One Zaabeel The Residences

Starts from the last sale price (AED 8.71M, 23 September 2022). Switch to today's estimate once you have unlocked it.
Price
AED 8,705,000
Deposit, UAE resident (20%)
AED 1,741,000
Deposit, non-resident (40%)
AED 3,482,000
Monthly over 25 years at 3.7%
AED 35,615

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