502, Zaafaran 3
Sold prices and rental history: sold twice, last in January 2016, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 502, Zaafaran 3
What is 502 worth today?
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Source: Dubai Land Department. Updated 18 April 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,507 sqft
- Floor
- 5th of 6
- Parking
- B-2839
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 33,100 /yr
- Last sold
- AED 3.5M · January 2016
- Building
- Zaafaran 3
About 502, Zaafaran 3
502 is a two-bedroom apartment of 1,507 sqft on the 5th floor of Zaafaran 3, a 6-storey tower in The Old Town completed in 2006 by Emaar. It last sold on 5 January 2016 for AED 3,500,000, or AED 2,322 per sqft, 11% above the AED 2,090 two-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 4 Ejari contracts. The current contract, signed on 18 April 2025, is AED 210,000 a year: a gross yield of 6.0% on the 2016 price, before the service charge of about AED 33,100 a year.
Sales and rents for 502 over time
502 has sold twice; 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 502 sits
All 26 2-beds →502 last sold in January 2016 at AED 2,322 per sqft, 11% above what two-beds in Zaafaran 3 were fetching at the time (AED 2,090). 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. 502's AED 210,000 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 5th floor
All 43 units in Zaafaran 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,348 sqft | AED 3.4MAED 3,400,000 · Jan 2016January 2016 | 200,000 /yr | |
| 503 | 2-bed | 1,210 sqft | AED 2.7MAED 2,700,000 · Mar 2024March 2024 | 140,000 /yr | |
| 504 | 1-bed | 819 sqft | AED 1.63MAED 1,625,000 · May 2015May 2015 | 90,000 /yr | |
| 505 | 1-bed | 757 sqft | AED 1.9MAED 1,900,000 · Aug 2014August 2014 | 115,000 /yr | |
| 506 | 2-bed | 1,244 sqft | AED 2.6MAED 2,600,000 · Jan 2016January 2016 | 175,000 /yr | |
| 507 | 2-bed | 1,344 sqft | AED 3.5MAED 3,500,000 · Jan 2016January 2016 | 180,000 /yr |
502, Zaafaran 3 in numbers
- Sold twice: first on 16 March 2011 for AED 2,511,826, last on 5 January 2016 for AED 3,500,000 (AED 2,322 per sqft).
- Rented since December 2012 on 4 Ejari contracts, from AED 140,000 to AED 210,000 a year.
- At AED 210,000 a year the gross yield on the 2016 price is 6.0%, before a service charge of about AED 33,100 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 April 2025.
Questions about 502, Zaafaran 3
What did unit 502 last sell for?
AED 3,500,000 on 5 January 2016: AED 2,322 per sqft for 1,507 sqft. The unit has 2 registered sales; the first was AED 2,511,826 in March 2011.
What is the rent for unit 502?
AED 210,000 a year on the contract signed on 18 April 2025. The previous contract, from August 2023, was AED 185,000; the unit has been rented since December 2012.
How big is unit 502?
1,507 sqft (140.0 sqm): a two-bedroom apartment on the 5th floor of a 6-storey tower completed in 2006.
What is unit 502 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 502, Zaafaran 3
Starts from the last sale price (AED 3.5M, 5 January 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 3,500,000
- Deposit, UAE resident (20%)
- AED 700,000
- Deposit, non-resident (40%)
- AED 1,400,000
- Monthly over 25 years at 3.7%
- AED 14,320
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →