Unit 005 at Taraf 1 Residence is a studio of 615 sq ft. It last sold for AED 538,995 on 14 Sep 2023. At AED 797 per sq ft, from 6 sales of units ending 05 (same position in the tower), it is worth about AED 490,000 today.
| Bedrooms | studio |
|---|---|
| Size | 615 sq ft |
| Floor | 0 (from the unit number) |
| Position in the tower | Stack 05: units ending 05 share the same layout and view |
| Building | Taraf 1 Residence by Taraf, handed over 2019 |
| Registered sales of this unit | 1 |
| Date | Price | Size | AED/sq ft | Type |
|---|---|---|---|---|
| 14 Sep 2023 | AED 538,995 | 615 sq ft | 876 | Resale |
| Unit | Date | Price | Size | AED/sq ft | Type |
|---|---|---|---|---|---|
| 505 | 18 Sep 2023 | AED 737,240 | 929 sq ft | 794 | Resale |
| 405 | 18 Sep 2023 | AED 1,059,136 | 1,418 sq ft | 747 | Resale |
| 105 | 14 Sep 2023 | AED 1,191,042 | 1,497 sq ft | 796 | Resale |
| 305 | 14 Sep 2023 | AED 1,185,356 | 1,483 sq ft | 799 | Resale |
| 205 | 14 Sep 2023 | AED 1,196,896 | 1,497 sq ft | 800 | Resale |
| Unit | Date | Price | Size | AED/sq ft | Type |
|---|---|---|---|---|---|
| 412 | 18 Sep 2023 | AED 593,168 | 749 sq ft | 792 | Resale |
| 402 | 18 Sep 2023 | AED 472,223 | 494 sq ft | 956 | Resale |
| 502 | 18 Sep 2023 | AED 472,352 | 494 sq ft | 956 | Resale |
| 512 | 18 Sep 2023 | AED 441,354 | 432 sq ft | 1,022 | Resale |
| 302 | 14 Sep 2023 | AED 479,327 | 511 sq ft | 938 | Resale |
| 102 | 14 Sep 2023 | AED 477,104 | 512 sq ft | 932 | Resale |
| 116 | 14 Sep 2023 | AED 446,949 | 471 sq ft | 949 | Resale |
| 202 | 14 Sep 2023 | AED 479,184 | 511 sq ft | 938 | Resale |
We took the 6 resale sales of units ending 05 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 797). We multiplied it by the size of this unit (615 sq ft). The range uses the middle half of those sales (AED 794 to AED 799 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 538,864. Floor, view, condition and upgrades can move the price either way. Sales data to 7 Nov 2024, from the Dubai Land Department register.
About AED 490,000 (range AED 488,000 to AED 492,000), based on AED 797 per sq ft from registered sales up to 7 Nov 2024.
14 Sep 2023, for AED 538,995 (resale). It has 1 registered sale.
A studio in Taraf 1 Residence rents for about AED 48,000 a year (median asking rent). That is a gross yield of 9.8% on the estimate.
Sales alert for Taraf 1 ResidenceAll sales in Taraf 1 Residence