1-bed · 994 sqftTaraf 2 Residence, Jumeirah Village Triangle (JVT) · 1st floor · completed 2023

116, Taraf 2 Residence

Sold prices and rental history: sold twice, last in February 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 116 · DLD and Ejari recordsUpdated 23 February 2023
Last soldAED 1.15M23 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 116, Taraf 2 Residence

What is 116 worth today?

Last sold for AED 1,150,000 in 2023

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23 Feb 2023SoldReady
AED 1,150,000AED 1,157 per sqft
1 Sep 2022Sold by developerOff-plan
AED 950,000AED 959 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 23 February 2023.

Key facts

Type
1-bed apartment
Size
994 sqft
Floor
1st of 5
Parking
G-30
Developer
Taraf Properties DMCC
Completed
2023
Last sold
AED 1.15M · February 2023

About 116, Taraf 2 Residence

116 is a one-bedroom apartment of 994 sqft on the 1st floor of Taraf 2 Residence, a 5-storey tower in Jumeirah Village Triangle (JVT) completed in 2023 by Taraf Properties DMCC. It last sold on 23 February 2023 for AED 1,150,000, or AED 1,157 per sqft, 21% above the AED 955 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 116 over time

Sales
Unit 116, each saleTypical one-bed in Taraf 2 Residence
1M1.2M2022202320242025Typical sale price by year: 2022 AED 950,000; 2023 AED 1,000,000; 2024 AED 1,220,000Sold by developer, September 2022: AED 950,000 (AED 959 per sqft)Sold, February 2023: AED 1,150,000 (AED 1,157 per sqft)

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

Rents
Unit 116, each contractTypical one-bed in Taraf 2 Residence
80K85K2023202420252026Typical rent by year: 2023 AED 78,000; 2024 AED 85,000; 2025 AED 85,000

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Taraf 2 Residence, and where 116 sits

All 69 1-beds →

116 last sold in February 2023 at AED 1,157 per sqft, 21% above what one-beds in Taraf 2 Residence were fetching at the time (AED 955). Over the last 12 months one-beds sold for AED 1,390,000 to 1,500,000, around AED 1,296 per sqft, and rent for AED 90,000 to 93,000 a year.

Recent 1-bed salesUnit no.Price (AED)Summary
9 Feb 20261,500,000
14 Jan 20261,390,000
18 Jun 20251,380,000
11 Dec 20241,400,000
2 1-bed sales in the last 12 months

Taraf 2 Residence

Building

94 apartments, studios to 2-bed over 5 floors in Jumeirah Village Triangle (JVT), completed in 2023 by Taraf Properties DMCC. 2 sold in the last 12 months.

Typical price per sqft
AED 1,296
Typical sale
AED 1.45M
Typical rent
AED 90K /yr
Typical yield
7.0%
Taraf 2 Residence, Jumeirah Village Triangle (JVT): prices, sales and rents →

Other units on the 1st floor

All 94 units in Taraf 2 Residence
Value
1011-bedAED 840K · Aug 2022
1021-bedAED 885K · Dec 2022
1031-bedAED 1.08M · Oct 2023
1041-bedAED 1.05M · Oct 2023
1051-bedAED 1.05M · Oct 2023
1061-bedAED 970K · Oct 2023
1072-bedAED 1.39M · Apr 2023
1–7 of 17

116, Taraf 2 Residence in numbers

  • Sold twice: first on 1 September 2022 for AED 950,000, last on 23 February 2023 for AED 1,150,000 (AED 1,157 per sqft).
  • One-beds in Taraf 2 Residence sold for AED 1,390,000–1,500,000 in the 12 months to November 2026; the building's median across all types is AED 1,296 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 23 February 2023.

Questions about 116, Taraf 2 Residence

What did unit 116 last sell for?

AED 1,150,000 on 23 February 2023: AED 1,157 per sqft for 994 sqft. The unit has 2 registered sales; the first was AED 950,000 in September 2022.

How big is unit 116?

994 sqft (92.3 sqm): a one-bedroom apartment on the 1st floor of a 5-storey tower completed in 2023.

What is unit 116 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Taraf 2 Residence sold for AED 1,390,000 to 1,500,000 in the last 12 months, around AED 1,296 per sqft.

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Mortgage on 116, Taraf 2 Residence

Starts from the last sale price (AED 1.15M, 23 February 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,150,000
Deposit, UAE resident (20%)
AED 230,000
Deposit, non-resident (40%)
AED 460,000
Monthly over 25 years at 3.7%
AED 4,705

Plus AED 53,310 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →