Unit 414, Taraf 1 Residence: what it sold for and what it is worth now

Unit 414 at Taraf 1 Residence is a 2 bed of 1,285 sq ft. It last sold for AED 1,017,168 on 18 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 1,017,000 today.

Value todayAED 1,017,000AED 960,000 to AED 1,021,000
Last saleAED 1,017,16818 Sep 2023 · Resale
Change since last sale-0.0%Building trend alone: AED 1,016,920
Rent (median asking, 2 bed)AED 92,000Gross yield 9.0%
Bedrooms2 bed
Size1,285 sq ft
Floor4 (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 414

DatePriceSizeAED/sq ftType
18 Sep 2023AED 1,017,1681,285 sq ft792Resale

Units ending 14 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
51418 Sep 2023AED 959,9901,285 sq ft747Resale
31414 Sep 2023AED 887,8021,112 sq ft798Resale
11414 Sep 2023AED 841,7771,127 sq ft747Resale
21414 Sep 2023AED 895,2461,127 sq ft794Resale

Latest 2 bed sales in Taraf 1 Residence

UnitDatePriceSizeAED/sq ftType
41018 Sep 2023AED 1,583,1162,119 sq ft747Resale
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
10414 Sep 2023AED 1,243,8751,576 sq ft789Resale

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 (1,285 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 1,016,920. 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 414 at Taraf 1 Residence worth?

About AED 1,017,000 (range AED 960,000 to AED 1,021,000), based on AED 792 per sq ft from registered sales up to 7 Nov 2024.

When did unit 414 last sell?

18 Sep 2023, for AED 1,017,168 (resale). It has 1 registered sale.

What rent can unit 414 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 9.0% on the estimate.

Sales alert for Taraf 1 ResidenceAll sales in Taraf 1 Residence

Unit 413 · Unit 415