Unit 312, Taraf 1 Residence: what it sold for and what it is worth now

Unit 312 at Taraf 1 Residence is a 1 bed of 1,020 sq ft. It last sold for AED 821,937 on 14 Sep 2023. At AED 806 per sq ft, from 5 sales of units ending 12 (same position in the tower), it is worth about AED 822,000 today.

Value todayAED 822,000AED 819,000 to AED 825,000
Last saleAED 821,93714 Sep 2023 · Resale
Change since last sale+0.0%Building trend alone: AED 821,737
Rent (median asking, 1 bed)AED 65,000Gross yield 7.9%
Bedrooms1 bed
Size1,020 sq ft
Floor3 (from the unit number)
Position in the towerStack 12: units ending 12 share the same layout and view
BuildingTaraf 1 Residence by Taraf, handed over 2019
Registered sales of this unit1

Every registered sale of unit 312

DatePriceSizeAED/sq ftType
14 Sep 2023AED 821,9371,020 sq ft806Resale

Units ending 12 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
41218 Sep 2023AED 593,168749 sq ft792Resale
51218 Sep 2023AED 441,354432 sq ft1,022Resale
21214 Sep 2023AED 824,5741,020 sq ft808Resale
11214 Sep 2023AED 819,4191,020 sq ft803Resale

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 12 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 806). We multiplied it by the size of this unit (1,020 sq ft). The range uses the middle half of those sales (AED 803 to AED 808 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 821,737. 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 312 at Taraf 1 Residence worth?

About AED 822,000 (range AED 819,000 to AED 825,000), based on AED 806 per sq ft from registered sales up to 7 Nov 2024.

When did unit 312 last sell?

14 Sep 2023, for AED 821,937 (resale). It has 1 registered sale.

What rent can unit 312 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 7.9% on the estimate.

Sales alert for Taraf 1 ResidenceAll sales in Taraf 1 Residence

Unit 311 · Unit 313