Unit 310, Taraf 1 Residence: what it sold for and what it is worth now

Unit 310 at Taraf 1 Residence is a 2 bed of 1,333 sq ft. It last sold for AED 1,050,933 on 14 Sep 2023. At AED 781 per sq ft, from 5 sales of units ending 10 (same position in the tower), it is worth about AED 1,042,000 today.

Value todayAED 1,042,000AED 996,000 to AED 1,049,000
Last saleAED 1,050,93314 Sep 2023 · Resale
Change since last sale-0.9%Building trend alone: AED 1,050,677
Rent (median asking, 2 bed)AED 92,000Gross yield 8.8%
Bedrooms2 bed
Size1,333 sq ft
Floor3 (from the unit number)
Position in the towerStack 10: units ending 10 share the same layout and view
BuildingTaraf 1 Residence by Taraf, handed over 2019
Registered sales of this unit1

Every registered sale of unit 310

DatePriceSizeAED/sq ftType
14 Sep 2023AED 1,050,9331,333 sq ft788Resale

Units ending 10 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
41018 Sep 2023AED 1,583,1162,119 sq ft747Resale
51018 Sep 2023AED 852,5641,091 sq ft781Resale
21014 Sep 2023AED 1,061,2121,348 sq ft787Resale
11014 Sep 2023AED 1,007,9131,349 sq ft747Resale

Latest 2 bed sales in Taraf 1 Residence

UnitDatePriceSizeAED/sq ftType
41018 Sep 2023AED 1,583,1162,119 sq ft747Resale
41418 Sep 2023AED 1,017,1681,285 sq ft792Resale
51018 Sep 2023AED 852,5641,091 sq ft781Resale
40418 Sep 2023AED 1,170,8371,567 sq ft747Resale
51418 Sep 2023AED 959,9901,285 sq ft747Resale
50518 Sep 2023AED 737,240929 sq ft794Resale
50418 Sep 2023AED 1,245,3121,567 sq ft795Resale
40518 Sep 2023AED 1,059,1361,418 sq ft747Resale

How we worked out the value

We took the 5 resale sales of units ending 10 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 781). We multiplied it by the size of this unit (1,333 sq ft). The range uses the middle half of those sales (AED 747 to AED 787 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 1,050,677. 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 310 at Taraf 1 Residence worth?

About AED 1,042,000 (range AED 996,000 to AED 1,049,000), based on AED 781 per sq ft from registered sales up to 7 Nov 2024.

When did unit 310 last sell?

14 Sep 2023, for AED 1,050,933 (resale). It has 1 registered sale.

What rent can unit 310 make?

A 2 bed in Taraf 1 Residence rents for about AED 92,000 a year (median asking rent). That is a gross yield of 8.8% on the estimate.

Sales alert for Taraf 1 ResidenceAll sales in Taraf 1 Residence

Unit 309 · Unit 311