Unit 314, Taraf 1 Residence: what it sold for and what it is worth now

Unit 314 at Taraf 1 Residence is a 1 bed of 1,112 sq ft. It last sold for AED 887,802 on 14 Sep 2023. At AED 792 per sq ft, from 5 sales of units ending 14 (same position in the tower), it is worth about AED 880,000 today.

Value todayAED 880,000AED 831,000 to AED 883,000
Last saleAED 887,80214 Sep 2023 · Resale
Change since last sale-0.9%Building trend alone: AED 887,586
Rent (median asking, 1 bed)AED 65,000Gross yield 7.4%
Bedrooms1 bed
Size1,112 sq ft
Floor3 (from the unit number)
Position in the towerStack 14: units ending 14 share the same layout and view
BuildingTaraf 1 Residence by Taraf, handed over 2019
Registered sales of this unit1

Every registered sale of unit 314

DatePriceSizeAED/sq ftType
14 Sep 2023AED 887,8021,112 sq ft798Resale

Units ending 14 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
41418 Sep 2023AED 1,017,1681,285 sq ft792Resale
51418 Sep 2023AED 959,9901,285 sq ft747Resale
11414 Sep 2023AED 841,7771,127 sq ft747Resale
21414 Sep 2023AED 895,2461,127 sq ft794Resale

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 14 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 792). We multiplied it by the size of this unit (1,112 sq ft). The range uses the middle half of those sales (AED 747 to AED 794 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 887,586. 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 314 at Taraf 1 Residence worth?

About AED 880,000 (range AED 831,000 to AED 883,000), based on AED 792 per sq ft from registered sales up to 7 Nov 2024.

When did unit 314 last sell?

14 Sep 2023, for AED 887,802 (resale). It has 1 registered sale.

What rent can unit 314 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 7.4% on the estimate.

Sales alert for Taraf 1 ResidenceAll sales in Taraf 1 Residence

Unit 313 · Unit 315