Unit 001, Taraf 1 Residence: what it sold for and what it is worth now

Unit 001 at Taraf 1 Residence is a 1 bed of 1,041 sq ft. It last sold for AED 817,064 on 7 Nov 2024. At AED 840 per sq ft, from 7 sales of units ending 01 (same position in the tower), it is worth about AED 874,000 today.

Value todayAED 874,000AED 843,000 to AED 875,000
Last saleAED 817,0647 Nov 2024 · Resale
Change since last sale+7.0% 
Rent (median asking, 1 bed)AED 65,000Gross yield 7.4%
Bedrooms1 bed
Size1,041 sq ft
Floor0 (from the unit number)
Position in the towerStack 01: units ending 01 share the same layout and view
BuildingTaraf 1 Residence by Taraf, handed over 2019
Registered sales of this unit2

Every registered sale of unit 001

DatePriceSizeAED/sq ftType
7 Nov 2024AED 817,0641,041 sq ft785Resale
14 Sep 2023AED 817,0641,041 sq ft785Resale

Units ending 01 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
50118 Sep 2023AED 729,838869 sq ft840Resale
40118 Sep 2023AED 730,439869 sq ft841Resale
20114 Sep 2023AED 732,887869 sq ft843Resale
30114 Sep 2023AED 730,435869 sq ft841Resale
10114 Sep 2023AED 734,604880 sq ft835Resale

Latest 1 bed sales in Taraf 1 Residence

UnitDatePriceSizeAED/sq ftType
50819 Sep 2023AED 515,166558 sq ft923Resale
50719 Sep 2023AED 515,846559 sq ft923Resale
41518 Sep 2023AED 735,783888 sq ft829Resale
50918 Sep 2023AED 515,549559 sq ft922Resale
40918 Sep 2023AED 677,909825 sq ft822Resale
50618 Sep 2023AED 515,350559 sq ft922Resale
50118 Sep 2023AED 729,838869 sq ft840Resale
40818 Sep 2023AED 688,965882 sq ft781Resale

How we worked out the value

We took the 7 resale sales of units ending 01 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 840). We multiplied it by the size of this unit (1,041 sq ft). The range uses the middle half of those sales (AED 810 to AED 841 per sq ft). Floor, view, condition and upgrades can move the price either way. Sales data to 7 Nov 2024, from the Dubai Land Department register.

Questions

What is unit 001 at Taraf 1 Residence worth?

About AED 874,000 (range AED 843,000 to AED 875,000), based on AED 840 per sq ft from registered sales up to 7 Nov 2024.

When did unit 001 last sell?

7 Nov 2024, for AED 817,064 (resale). It has 2 registered sales.

What rent can unit 001 make?

A 1 bed in Taraf 1 Residence rents for about AED 65,000 a year (median asking rent). That is a gross yield of 7.4% on the estimate.

Sales alert for Taraf 1 ResidenceAll sales in Taraf 1 Residence

Unit 002