1,254 sqftZaafaran 5, The Old Town · Ground floor · completed 2006

G03, Zaafaran 5

Sold prices and rental history: sold once, by the developer in August 2009, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit G03 · DLD and Ejari recordsUpdated 21 November 2024
Last soldAED 2.6M10 August 2009
Current rentAED 94K /yr21 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for G03, Zaafaran 5

What is G03 worth today?

Last sold for AED 2,600,000 in 2009

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21 Nov 2024RentedRenewal
AED 93,700/yr12 months · AED 101 per sqft
21 Nov 2023RentedRenewal
AED 89,250/yr12 months · AED 96 per sqft
21 Nov 2022RentedRenewal
AED 85,000/yr12 months · AED 92 per sqft
9 Nov 2020RentedNew contract
AED 78,000/yr12 months · AED 84 per sqft
7 Oct 2019RentedNew contract
AED 85,000/yr12 months · AED 92 per sqft
15 Aug 2017RentedNew contract
AED 118,000/yr12 months · AED 127 per sqft
12 Jul 2015RentedNew contract
AED 115,000/yr12 months · AED 124 per sqft
5 Sep 2013RentedNew contract
AED 95,000/yr12 months · AED 103 per sqft

Source: Dubai Land Department. Updated 21 November 2024.

Key facts

Type
Apartment
Size
1,254 sqft
Floor
Ground of 3
Parking
B-2856
Developer
Emaar
Completed
2006
Service charge
AED 27,500 /yr
Last sold
AED 2.6M · August 2009
Building
Zaafaran 5

About G03, Zaafaran 5

G03 is an apartment of 1,254 sqft on the ground floor of Zaafaran 5, a 3-storey tower in The Old Town completed in 2006 by Emaar. The developer sold it on 10 August 2009 for AED 2,600,000, or AED 2,792 per sqft.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 21 November 2024, is AED 93,700 a year: a gross yield of 3.6% on the 2009 price, before the service charge of about AED 27,500 a year.

Zaafaran 5

Building

42 apartments over 3 floors in The Old Town, completed in 2006 by Emaar. No sale in the last 12 months.

Typical price per sqft
Few sales
Typical sale
Few sales
Typical rent
AED 110K /yr
Typical yield
Zaafaran 5, The Old Town: prices, sales and rents →

Other units on the ground floor

All 42 units in Zaafaran 5
Value
G02AED 2.6M · Jul 2009
G04AED 2.6M · Aug 2009
G10AED 2.6M · Jul 2009
G11AED 2.6M · Jul 2009
G12AED 3.43M · Jul 2009

G03, Zaafaran 5 in numbers

  • Sold once: by Emaar on 10 August 2009 for AED 2,600,000, or AED 2,792 per sqft.
  • Rented since September 2013 on 8 Ejari contracts. The rent fell from AED 95,000 to AED 78,000 in 2020 and recovered to AED 93,700 by November 2024.
  • At AED 93,700 a year the gross yield on the 2009 price is 3.6%, before a service charge of about AED 27,500 a year (AED 21.94 per sqft).

Source: Dubai Land Department. Updated 21 November 2024.

Questions about G03, Zaafaran 5

What did unit G03 last sell for?

AED 2,600,000 on 10 August 2009, sold by the developer: AED 2,792 per sqft for 1,254 sqft. It is the only registered sale of the unit.

What is the rent for unit G03?

AED 93,700 a year on the contract renewed on 21 November 2024. The previous contract, from November 2023, was AED 89,250; the unit has been rented since September 2013.

How big is unit G03?

1,254 sqft (116.5 sqm): an apartment on the ground floor of a 3-storey tower completed in 2006.

What is unit G03 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 G03, Zaafaran 5

Starts from the last sale price (AED 2.6M, 10 August 2009). Switch to today's estimate once you have unlocked it.
Price
AED 2,600,000
Deposit, UAE resident (20%)
AED 520,000
Deposit, non-resident (40%)
AED 1,040,000
Monthly over 25 years at 3.7%
AED 10,637

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