Unit 307, Taraf 1 Residence: what it sold for and what it is worth now

Unit 307 at Taraf 1 Residence is a 1 bed of 931 sq ft. It last sold for AED 761,722 on 14 Sep 2023. At AED 819 per sq ft, from 5 sales of units ending 07 (same position in the tower), it is worth about AED 762,000 today.

Value todayAED 762,000AED 762,000 to AED 763,000
Last saleAED 761,72214 Sep 2023 · Resale
Change since last sale+0.0%Building trend alone: AED 761,537
Rent (median asking, 1 bed)AED 65,000Gross yield 8.5%
Bedrooms1 bed
Size931 sq ft
Floor3 (from the unit number)
Position in the towerStack 07: units ending 07 share the same layout and view
BuildingTaraf 1 Residence by Taraf, handed over 2019
Registered sales of this unit1

Every registered sale of unit 307

DatePriceSizeAED/sq ftType
14 Sep 2023AED 761,722931 sq ft818Resale

Units ending 07 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
50719 Sep 2023AED 515,846559 sq ft923Resale
40718 Sep 2023AED 689,713883 sq ft781Resale
10714 Sep 2023AED 762,829931 sq ft819Resale
20714 Sep 2023AED 772,692944 sq ft819Resale

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 07 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 819). We multiplied it by the size of this unit (931 sq ft). The range uses the middle half of those sales (AED 818 to AED 819 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 761,537. 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 307 at Taraf 1 Residence worth?

About AED 762,000 (range AED 762,000 to AED 763,000), based on AED 819 per sq ft from registered sales up to 7 Nov 2024.

When did unit 307 last sell?

14 Sep 2023, for AED 761,722 (resale). It has 1 registered sale.

What rent can unit 307 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 306 · Unit 308