407, Zaafaran 3
Sold prices and rental history: sold 4 times, last in April 2016, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 407, Zaafaran 3
What is 407 worth today?
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Source: Dubai Land Department. Updated 21 January 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,344 sqft
- Floor
- 4th of 6
- Parking
- B-2841
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 29,500 /yr
- Last sold
- AED 3.25M · April 2016
- Building
- Zaafaran 3
About 407, Zaafaran 3
407 is a two-bedroom apartment of 1,344 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 16 April 2016 for AED 3,250,000, or AED 2,418 per sqft, in line with the AED 2,411 two-beds in the building were fetching at the time.
It has been rented since 2013 on 3 Ejari contracts. The current contract, signed on 21 January 2024, is AED 185,000 a year: a gross yield of 5.7% on the 2016 price, before the service charge of about AED 29,500 a year.
Sales and rents for 407 over time
407 has sold 4 times; the dashed line is the two-bed median of each year in the building.
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 407 sits
All 26 2-beds →407 last sold in April 2016 at AED 2,418 per sqft, in line with what two-beds in Zaafaran 3 were fetching at the time (AED 2,411). 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. 407's AED 185,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 6 May 20256 May 2025 | 1,344 sqft | 2,700,000 | 2,008 | ||
| 13 Mar 202513 March 2025 | 1,439 sqft | 3,250,000 | 2,258 | ||
| 13 Jan 202513 January 2025 | 1,344 sqft | 2,561,209 | 1,905 | ||
| 14 Mar 202414 March 2024 | 1,210 sqft | 2,700,000 | 2,231 |
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 4th floor
All 43 units in Zaafaran 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 2-bed | 1,348 sqft | AED 2.1MAED 2,100,000 · Oct 2018October 2018 | 140,000 /yr | |
| 402 | 2-bed | 1,507 sqft | AED 2.5MAED 2,500,000 · Jun 2016June 2016 | 210,000 /yr | |
| 403 | 2-bed | 1,210 sqft | AED 2.9MAED 2,900,000 · Nov 2014November 2014 | 141,750 /yr | |
| 404 | 1-bed | 819 sqft | AED 1.6MAED 1,600,000 · Jan 2016January 2016 | 115,000 /yr | |
| 405 | 1-bed | 757 sqft | AED 1.73MAED 1,725,000 · Aug 2014August 2014 | 100,000 /yr | |
| 406 | 2-bed | 1,244 sqft | AED 1.9MAED 1,900,000 · Apr 2015April 2015 | 160,000 /yr |
407, Zaafaran 3 in numbers
- Sold 4 times: first on 27 May 2013 for AED 1,131,293, last on 16 April 2016 for AED 3,250,000 (AED 2,418 per sqft).
- Rented since March 2013 on 3 Ejari contracts, from AED 135,000 to AED 185,000 a year.
- At AED 185,000 a year the gross yield on the 2016 price is 5.7%, before a service charge of about AED 29,500 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 21 January 2024.
Questions about 407, Zaafaran 3
What did unit 407 last sell for?
AED 3,250,000 on 16 April 2016: AED 2,418 per sqft for 1,344 sqft. The unit has 4 registered sales; the first was AED 1,131,293 in May 2013.
What is the rent for unit 407?
AED 185,000 a year on the contract signed on 21 January 2024. The previous contract, from December 2018, was AED 165,000; the unit has been rented since March 2013.
How big is unit 407?
1,344 sqft (124.9 sqm): a two-bedroom apartment on the 4th floor of a 6-storey tower completed in 2006.
What is unit 407 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 407, Zaafaran 3
Starts from the last sale price (AED 3.25M, 16 April 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 3,250,000
- Deposit, UAE resident (20%)
- AED 650,000
- Deposit, non-resident (40%)
- AED 1,300,000
- Monthly over 25 years at 3.7%
- AED 13,297
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →