Unit 206, Taraf 1 Residence: what it sold for and what it is worth now

Unit 206 at Taraf 1 Residence is a 1 bed of 924 sq ft. It last sold for AED 763,047 on 14 Sep 2023. At AED 825 per sq ft, from 5 sales of units ending 06 (same position in the tower), it is worth about AED 762,000 today.

Value todayAED 762,000AED 761,000 to AED 763,000
Last saleAED 763,04714 Sep 2023 · Resale
Change since last sale-0.1%Building trend alone: AED 762,861
Rent (median asking, 1 bed)AED 65,000Gross yield 8.5%
Bedrooms1 bed
Size924 sq ft
Floor2 (from the unit number)
Position in the towerStack 06: units ending 06 share the same layout and view
BuildingTaraf 1 Residence by Taraf, handed over 2019
Registered sales of this unit1

Every registered sale of unit 206

DatePriceSizeAED/sq ftType
14 Sep 2023AED 763,047924 sq ft826Resale

Units ending 06 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
50618 Sep 2023AED 515,350559 sq ft922Resale
40618 Sep 2023AED 676,646823 sq ft822Resale
10614 Sep 2023AED 762,082924 sq ft825Resale
30614 Sep 2023AED 761,084924 sq ft824Resale

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 06 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 825). We multiplied it by the size of this unit (924 sq ft). The range uses the middle half of those sales (AED 824 to AED 826 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 762,861. 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 206 at Taraf 1 Residence worth?

About AED 762,000 (range AED 761,000 to AED 763,000), based on AED 825 per sq ft from registered sales up to 7 Nov 2024.

When did unit 206 last sell?

14 Sep 2023, for AED 763,047 (resale). It has 1 registered sale.

What rent can unit 206 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 8.5% on the estimate.

Sales alert for Taraf 1 ResidenceAll sales in Taraf 1 Residence

Unit 205 · Unit 207