505, Zaafaran 3
Sold prices and rental history: sold twice, last in August 2014, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, Zaafaran 3
What is 505 worth today?
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Source: Dubai Land Department. Updated 20 December 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 757 sqft
- Floor
- 5th of 6
- Parking
- B-2779
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 16,600 /yr
- Last sold
- AED 1.9M · August 2014
- Building
- Zaafaran 3
About 505, Zaafaran 3
505 is a one-bedroom apartment of 757 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 August 2014 for AED 1,900,000, or AED 2,509 per sqft, 13% above the AED 2,214 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, signed on 20 December 2024, is AED 115,000 a year: a gross yield of 6.0% on the 2014 price, before the service charge of about AED 16,600 a year.
Sales and rents for 505 over time
505 has sold twice; 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 505 sits
All 13 1-beds →505 last sold in August 2014 at AED 2,509 per sqft, 13% above what one-beds in Zaafaran 3 were fetching at the time (AED 2,214). 505's AED 115,000 is at the top 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 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 | |
| 502 | 2-bed | 1,507 sqft | AED 3.5MAED 3,500,000 · Jan 2016January 2016 | 210,000 /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 | |
| 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 |
505, Zaafaran 3 in numbers
- Sold twice: first on 24 June 2010 for AED 893,626, last on 5 August 2014 for AED 1,900,000 (AED 2,509 per sqft).
- Rented since August 2014 on 7 Ejari contracts. The rent fell from AED 115,000 to AED 85,000 in 2021 and recovered to AED 115,000 by December 2024.
- At AED 115,000 a year the gross yield on the 2014 price is 6.0%, before a service charge of about AED 16,600 a year (AED 21.94 per sqft).
Source: Dubai Land Department. Updated 20 December 2024.
Questions about 505, Zaafaran 3
What did unit 505 last sell for?
AED 1,900,000 on 5 August 2014: AED 2,509 per sqft for 757 sqft. The unit has 2 registered sales; the first was AED 893,626 in June 2010.
What is the rent for unit 505?
AED 115,000 a year on the contract signed on 20 December 2024. The previous contract, from October 2023, was AED 105,000; the unit has been rented since August 2014.
How big is unit 505?
757 sqft (70.3 sqm): a one-bedroom apartment on the 5th floor of a 6-storey tower completed in 2006.
What is unit 505 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 505, Zaafaran 3
Starts from the last sale price (AED 1.9M, 5 August 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 1,900,000
- Deposit, UAE resident (20%)
- AED 380,000
- Deposit, non-resident (40%)
- AED 760,000
- Monthly over 25 years at 3.7%
- AED 7,773
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →