304, Zaafaran 3
Sold prices and rental history: sold once, by the developer in June 2015, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 304, Zaafaran 3
What is 304 worth today?
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Source: Dubai Land Department. Updated 15 October 2019.
Key facts
- Type
- 1-bed apartment
- Size
- 819 sqft
- Floor
- 3rd of 6
- Parking
- B-2820
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 18,000 /yr
- Last sold
- AED 2.15M · June 2015
- Building
- Zaafaran 3
About 304, Zaafaran 3
304 is a one-bedroom apartment of 819 sqft on the 3rd floor of Zaafaran 3, a 6-storey tower in The Old Town completed in 2006 by Emaar. The developer sold it on 1 June 2015 for AED 2,150,000, or AED 2,625 per sqft, 15% above the AED 2,278 one-beds in the building were fetching at the time.
It has been rented since 2017 on 2 Ejari contracts. The current contract, renewed on 15 October 2019, is AED 110,000 a year: a gross yield of 5.1% on the 2015 price, before the service charge of about AED 18,000 a year.
Sales and rents for 304 over time
304 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Zaafaran 3, and where 304 sits
All 13 1-beds →304 last sold in June 2015 at AED 2,625 per sqft, 15% above what one-beds in Zaafaran 3 were fetching at the time (AED 2,278). 304's AED 110,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 8 Nov 20238 November 2023 | 757 sqft | 1,430,000 | 1,888 | ||
| 1 Nov 20231 November 2023 | 757 sqft | 1,140,000 | 1,505 | ||
| 22 Apr 202122 April 2021 | 813 sqft | 800,000 | 984 | ||
| 22 Apr 202122 April 2021 | 757 sqft | 800,000 | 1,056 |
Zaafaran 3
Building43 apartments, 1-bed to 3-bed over 6 floors in The Old Town, completed in 2006 by Emaar. 1 sold in the last 12 months.
- Typical price per sqft
- AED 2,322
- Typical sale
- AED 3.5M
- Typical rent
- AED 161K /yr
- Typical yield
- 5.7%
Other units on the 3rd floor
All 43 units in Zaafaran 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 2-bed | 1,348 sqft | AED 3.25MAED 3,250,000 · Mar 2024March 2024 | 200,000 /yr | |
| 302 | 2-bed | 1,507 sqft | AED 2.8MAED 2,800,000 · Aug 2022August 2022 | ||
| 303 | 2-bed | 1,210 sqft | AED 1.65MAED 1,650,000 · May 2012May 2012 | 155,000 /yr | |
| 305 | 1-bed | 757 sqft | AED 1.14MAED 1,140,000 · Nov 2023November 2023 | 70,000 /yr | |
| 306 | 2-bed | 1,244 sqft | AED 1.6MAED 1,600,000 · Mar 2021March 2021 | 85,000 /yr | |
| 307 | 2-bed | 1,344 sqft | AED 2.1MAED 2,100,000 · Sep 2021September 2021 | 112,541 /yr |
304, Zaafaran 3 in numbers
- Sold once: by Emaar on 1 June 2015 for AED 2,150,000, or AED 2,625 per sqft.
- Rented since October 2017 on 2 Ejari contracts, from AED 120,000 to AED 110,000 a year.
- At AED 110,000 a year the gross yield on the 2015 price is 5.1%, before a service charge of about AED 18,000 a year (AED 21.94 per sqft).
Source: Dubai Land Department. Updated 15 October 2019.
Questions about 304, Zaafaran 3
What did unit 304 last sell for?
AED 2,150,000 on 1 June 2015, sold by the developer: AED 2,625 per sqft for 819 sqft. It is the only registered sale of the unit.
What is the rent for unit 304?
AED 110,000 a year on the contract renewed on 15 October 2019. The previous contract, from October 2017, was AED 120,000.
How big is unit 304?
819 sqft (76.1 sqm): a one-bedroom apartment on the 3rd floor of a 6-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.
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Mortgage on 304, Zaafaran 3
Starts from the last sale price (AED 2.15M, 1 June 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 2,150,000
- Deposit, UAE resident (20%)
- AED 430,000
- Deposit, non-resident (40%)
- AED 860,000
- Monthly over 25 years at 3.7%
- AED 8,796
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →