Unit 111, Taraf 1 Residence: what it sold for and what it is worth now

Unit 111 at Taraf 1 Residence is a 1 bed of 960 sq ft. It last sold for AED 778,238 on 14 Sep 2023. At AED 811 per sq ft, from 5 sales of units ending 11 (same position in the tower), it is worth about AED 778,000 today.

Value todayAED 778,000AED 776,000 to AED 778,000
Last saleAED 778,23814 Sep 2023 · Resale
Change since last sale-0.0%Building trend alone: AED 778,049
Rent (median asking, 1 bed)AED 65,000Gross yield 8.4%
Bedrooms1 bed
Size960 sq ft
Floor1 (from the unit number)
Position in the towerStack 11: units ending 11 share the same layout and view
BuildingTaraf 1 Residence by Taraf, handed over 2019
Registered sales of this unit1

Every registered sale of unit 111

DatePriceSizeAED/sq ftType
14 Sep 2023AED 778,238960 sq ft811Resale

Units ending 11 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
51118 Sep 2023AED 554,246609 sq ft910Resale
41118 Sep 2023AED 722,213906 sq ft797Resale
21114 Sep 2023AED 787,184971 sq ft811Resale
31114 Sep 2023AED 784,580971 sq ft808Resale

Latest 1 bed sales in Taraf 1 Residence

UnitDatePriceSizeAED/sq ftType
0017 Nov 2024AED 817,0641,041 sq ft785Resale
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

How we worked out the value

We took the 5 resale sales of units ending 11 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 811). We multiplied it by the size of this unit (960 sq ft). The range uses the middle half of those sales (AED 808 to AED 811 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 778,049. 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 111 at Taraf 1 Residence worth?

About AED 778,000 (range AED 776,000 to AED 778,000), based on AED 811 per sq ft from registered sales up to 7 Nov 2024.

When did unit 111 last sell?

14 Sep 2023, for AED 778,238 (resale). It has 1 registered sale.

What rent can unit 111 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 8.4% on the estimate.

Sales alert for Taraf 1 ResidenceAll sales in Taraf 1 Residence

Unit 110 · Unit 112