Unit 409, Taraf 1 Residence: what it sold for and what it is worth now

Unit 409 at Taraf 1 Residence is a 1 bed of 825 sq ft. It last sold for AED 677,909 on 18 Sep 2023. At AED 824 per sq ft, from 5 sales of units ending 09 (same position in the tower), it is worth about AED 680,000 today.

Value todayAED 680,000AED 679,000 to AED 681,000
Last saleAED 677,90918 Sep 2023 · Resale
Change since last sale+0.3%Building trend alone: AED 677,744
Rent (median asking, 1 bed)AED 65,000Gross yield 9.6%
Bedrooms1 bed
Size825 sq ft
Floor4 (from the unit number)
Position in the towerStack 09: units ending 09 share the same layout and view
BuildingTaraf 1 Residence by Taraf, handed over 2019
Registered sales of this unit1

Every registered sale of unit 409

DatePriceSizeAED/sq ftType
18 Sep 2023AED 677,909825 sq ft822Resale

Units ending 09 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
50918 Sep 2023AED 515,549559 sq ft922Resale
10914 Sep 2023AED 760,957923 sq ft824Resale
20914 Sep 2023AED 762,152923 sq ft826Resale
30914 Sep 2023AED 760,103923 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
50618 Sep 2023AED 515,350559 sq ft922Resale
50118 Sep 2023AED 729,838869 sq ft840Resale
40818 Sep 2023AED 688,965882 sq ft781Resale

How we worked out the value

We took the 5 resale sales of units ending 09 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 824). We multiplied it by the size of this unit (825 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 677,744. 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 409 at Taraf 1 Residence worth?

About AED 680,000 (range AED 679,000 to AED 681,000), based on AED 824 per sq ft from registered sales up to 7 Nov 2024.

When did unit 409 last sell?

18 Sep 2023, for AED 677,909 (resale). It has 1 registered sale.

What rent can unit 409 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 9.6% on the estimate.

Sales alert for Taraf 1 ResidenceAll sales in Taraf 1 Residence

Unit 408 · Unit 410