Unit 502 at Taraf 1 Residence is a studio of 494 sq ft. It last sold for AED 472,352 on 18 Sep 2023. At AED 938 per sq ft, from 6 sales of units ending 02 (same position in the tower), it is worth about AED 463,000 today.
| Bedrooms | studio |
|---|---|
| Size | 494 sq ft |
| Floor | 5 (from the unit number) |
| Position in the tower | Stack 02: units ending 02 share the same layout and view |
| Building | Taraf 1 Residence by Taraf, handed over 2019 |
| Registered sales of this unit | 1 |
| Date | Price | Size | AED/sq ft | Type |
|---|---|---|---|---|
| 18 Sep 2023 | AED 472,352 | 494 sq ft | 956 | Resale |
| Unit | Date | Price | Size | AED/sq ft | Type |
|---|---|---|---|---|---|
| 402 | 18 Sep 2023 | AED 472,223 | 494 sq ft | 956 | Resale |
| 302 | 14 Sep 2023 | AED 479,327 | 511 sq ft | 938 | Resale |
| 102 | 14 Sep 2023 | AED 477,104 | 512 sq ft | 932 | Resale |
| 002 | 14 Sep 2023 | AED 834,188 | 1,049 sq ft | 795 | Resale |
| 202 | 14 Sep 2023 | AED 479,184 | 511 sq ft | 938 | Resale |
| Unit | Date | Price | Size | AED/sq ft | Type |
|---|---|---|---|---|---|
| 412 | 18 Sep 2023 | AED 593,168 | 749 sq ft | 792 | Resale |
| 402 | 18 Sep 2023 | AED 472,223 | 494 sq ft | 956 | Resale |
| 512 | 18 Sep 2023 | AED 441,354 | 432 sq ft | 1,022 | Resale |
| 302 | 14 Sep 2023 | AED 479,327 | 511 sq ft | 938 | Resale |
| 005 | 14 Sep 2023 | AED 538,995 | 615 sq ft | 876 | Resale |
| 102 | 14 Sep 2023 | AED 477,104 | 512 sq ft | 932 | Resale |
| 116 | 14 Sep 2023 | AED 446,949 | 471 sq ft | 949 | Resale |
| 202 | 14 Sep 2023 | AED 479,184 | 511 sq ft | 938 | Resale |
We took the 6 resale sales of units ending 02 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 938). We multiplied it by the size of this unit (494 sq ft). The range uses the middle half of those sales (AED 933 to AED 951 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 472,237. Floor, view, condition and upgrades can move the price either way. Sales data to 7 Nov 2024, from the Dubai Land Department register.
About AED 463,000 (range AED 461,000 to AED 470,000), based on AED 938 per sq ft from registered sales up to 7 Nov 2024.
18 Sep 2023, for AED 472,352 (resale). It has 1 registered sale.
A studio in Taraf 1 Residence rents for about AED 48,000 a year (median asking rent). That is a gross yield of 10.4% on the estimate.
Sales alert for Taraf 1 ResidenceAll sales in Taraf 1 Residence