Unit 116 at Taraf 1 Residence is a studio of 471 sq ft. It last sold for AED 446,949 on 14 Sep 2023. At AED 831 per sq ft, from 3 sales of units ending 16 (same position in the tower), it is worth about AED 391,000 today.
| Bedrooms | studio |
|---|---|
| Size | 471 sq ft |
| Floor | 1 (from the unit number) |
| Position in the tower | Stack 16: units ending 16 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 446,949 | 471 sq ft | 949 | Resale |
| Unit | Date | Price | Size | AED/sq ft | Type |
|---|---|---|---|---|---|
| 316 | 14 Sep 2023 | AED 734,927 | 888 sq ft | 828 | Resale |
| 216 | 14 Sep 2023 | AED 737,891 | 888 sq ft | 831 | 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 |
| 005 | 14 Sep 2023 | AED 538,995 | 615 sq ft | 876 | Resale |
| 102 | 14 Sep 2023 | AED 477,104 | 512 sq ft | 932 | Resale |
| 202 | 14 Sep 2023 | AED 479,184 | 511 sq ft | 938 | Resale |
We took the 3 resale sales of units ending 16 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 831). We multiplied it by the size of this unit (471 sq ft). The range uses the middle half of those sales (AED 829 to AED 890 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 446,840. 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 391,000 (range AED 391,000 to AED 419,000), based on AED 831 per sq ft from registered sales up to 7 Nov 2024.
14 Sep 2023, for AED 446,949 (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 12.3% on the estimate.
Sales alert for Taraf 1 ResidenceAll sales in Taraf 1 Residence