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2-bed · 1,348 sqftZaafaran 3, The Old Town · 4th floor · completed 2006

401, Zaafaran 3

Sold prices and rental history: sold 3 times, last in October 2018, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 401 · DLD and Ejari recordsUpdated 18 October 2018
Last soldAED 2.1M18 October 2018
Current rentAED 140K /yr1 September 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 401, Zaafaran 3

What is 401 worth today?

Last sold for AED 2,100,000 in 2018

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18 Oct 2018SoldReady
AED 2,100,000AED 1,557 per sqft
1 Sep 2017RentedNew contract
AED 140,000/yr12 months · AED 104 per sqft
14 Jul 2016RentedNew contract
AED 164,558/yr12 months · AED 122 per sqft
20 Aug 2015RentedNew contract
AED 165,000/yr12 months · AED 123 per sqft
19 Oct 2013RentedNew contract
AED 140,000/yr12 months · AED 104 per sqft
17 Jul 2012SoldReady
AED 1,200,000AED 890 per sqft
16 Jul 2012Sold by developerReady
AED 2,261,656AED 1,677 per sqft

Source: Dubai Land Department. Updated 18 October 2018.

Key facts

Type
2-bed apartment
Size
1,348 sqft
Floor
4th of 6
Parking
B-2845
Developer
Emaar
Completed
2006
Service charge
AED 29,600 /yr
Last sold
AED 2.1M · October 2018
Building
Zaafaran 3

About 401, Zaafaran 3

401 is a two-bedroom apartment of 1,348 sqft on the 4th floor of Zaafaran 3, a 6-storey tower in The Old Town completed in 2006 by Emaar. It last sold on 18 October 2018 for AED 2,100,000, or AED 1,557 per sqft.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, signed on 1 September 2017, is AED 140,000 a year: a gross yield of 6.7% on the 2018 price, before the service charge of about AED 29,600 a year.

Sales and rents for 401 over time

Sales
Unit 401, each saleTypical two-bed in Zaafaran 3
1M2M3M2009201420192024Typical sale price by year: 2009 AED 2,248,212; 2010 AED 2,037,500; 2011 AED 2,483,926; 2012 AED 1,650,000; 2013 AED 1,471,156; 2014 AED 3,200,000; 2015 AED 2,000,000; 2016 AED 3,400,000; 2017 AED 2,462,500; 2019 AED 1,655,000; 2021 AED 1,850,000; 2023 AED 2,400,000; 2024 AED 2,700,000; 2025 AED 2,700,000Sold, July 2012: AED 1,200,000 (AED 890 per sqft)Sold by developer, July 2012: AED 2,261,656 (AED 1,677 per sqft)Sold, October 2018: AED 2,100,000 (AED 1,557 per sqft)

401 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 401, each contractTypical two-bed in Zaafaran 3
100K150K2012201620202024Typical rent by year: 2012 AED 135,000; 2013 AED 135,000; 2014 AED 150,000; 2015 AED 155,000; 2016 AED 164,779; 2017 AED 145,000; 2018 AED 137,500; 2019 AED 120,000; 2020 AED 115,000; 2021 AED 110,000; 2022 AED 119,000; 2023 AED 142,500; 2024 AED 170,000; 2025 AED 180,000New contract, October 2013: AED 140,000 a yearNew contract, August 2015: AED 165,000 a yearNew contract, July 2016: AED 164,558 a yearNew contract, September 2017: AED 140,000 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 Zaafaran 3, and where 401 sits

All 26 2-beds →

Over the last 12 months two-beds sold for AED 3,500,000, around AED 2,322 per sqft, and rent for AED 160,000 to 345,000 a year. 401's AED 140,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
6 May 20252,700,000
13 Mar 20253,250,000
13 Jan 20252,561,209
14 Mar 20242,700,000
1 2-bed sale in the last 12 months

Zaafaran 3

Building

43 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%
Zaafaran 3, The Old Town: prices, sales and rents →

Other units on the 4th floor

All 43 units in Zaafaran 3
Value
4022-bedAED 2.5M · Jun 2016
4032-bedAED 2.9M · Nov 2014
4041-bedAED 1.6M · Jan 2016
4051-bedAED 1.73M · Aug 2014
4062-bedAED 1.9M · Apr 2015
4072-bedAED 3.25M · Apr 2016

401, Zaafaran 3 in numbers

  • Sold 3 times: first on 16 July 2012 for AED 2,261,656, last on 18 October 2018 for AED 2,100,000 (AED 1,557 per sqft).
  • Rented since October 2013 on 4 Ejari contracts, at AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2018 price is 6.7%, before a service charge of about AED 29,600 a year (AED 21.94 per sqft).
  • Two-beds in Zaafaran 3 sold for AED 3,500,000–3,500,000 in the 12 months to November 2026; the building's median across all types is AED 2,322 per sqft.

Source: Dubai Land Department. Updated 18 October 2018.

Questions about 401, Zaafaran 3

What did unit 401 last sell for?

AED 2,100,000 on 18 October 2018: AED 1,557 per sqft for 1,348 sqft. The unit has 3 registered sales; the first was AED 2,261,656 in July 2012.

What is the rent for unit 401?

AED 140,000 a year on the contract signed on 1 September 2017. The previous contract, from July 2016, was AED 164,558; the unit has been rented since October 2013.

How big is unit 401?

1,348 sqft (125.2 sqm): a two-bedroom apartment on the 4th floor of a 6-storey tower completed in 2006.

What is unit 401 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Zaafaran 3 sold for AED 3,500,000 to 3,500,000 in the last 12 months, around AED 2,322 per sqft.

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Mortgage on 401, Zaafaran 3

Starts from the last sale price (AED 2.1M, 18 October 2018). Switch to today's estimate once you have unlocked it.
Price
AED 2,100,000
Deposit, UAE resident (20%)
AED 420,000
Deposit, non-resident (40%)
AED 840,000
Monthly over 25 years at 3.7%
AED 8,592

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