Unit 413, Taraf 1 Residence: what it sold for and what it is worth now

Unit 413 at Taraf 1 Residence is a 1 bed of 1,028 sq ft. It last sold for AED 768,198 on 18 Sep 2023. At AED 831 per sq ft, from 5 sales of units ending 13 (same position in the tower), it is worth about AED 854,000 today.

Value todayAED 854,000AED 854,000 to AED 857,000
Last saleAED 768,19818 Sep 2023 · Resale
Change since last sale+11.2%Building trend alone: AED 768,011
Rent (median asking, 1 bed)AED 65,000Gross yield 7.6%
Bedrooms1 bed
Size1,028 sq ft
Floor4 (from the unit number)
Position in the towerStack 13: units ending 13 share the same layout and view
BuildingTaraf 1 Residence by Taraf, handed over 2019
Registered sales of this unit1

Every registered sale of unit 413

DatePriceSizeAED/sq ftType
18 Sep 2023AED 768,1981,028 sq ft747Resale

Units ending 13 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
51318 Sep 2023AED 492,277522 sq ft943Resale
31314 Sep 2023AED 715,494861 sq ft831Resale
11314 Sep 2023AED 715,462861 sq ft831Resale
21314 Sep 2023AED 718,011861 sq ft834Resale

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 13 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 831). We multiplied it by the size of this unit (1,028 sq ft). The range uses the middle half of those sales (AED 831 to AED 834 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 768,011. 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 413 at Taraf 1 Residence worth?

About AED 854,000 (range AED 854,000 to AED 857,000), based on AED 831 per sq ft from registered sales up to 7 Nov 2024.

When did unit 413 last sell?

18 Sep 2023, for AED 768,198 (resale). It has 1 registered sale.

What rent can unit 413 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 7.6% on the estimate.

Sales alert for Taraf 1 ResidenceAll sales in Taraf 1 Residence

Unit 412 · Unit 414