Unit 510, Taraf 1 Residence: what it sold for and what it is worth now

Unit 510 at Taraf 1 Residence is a 2 bed of 1,091 sq ft. It last sold for AED 852,564 on 18 Sep 2023. At AED 781 per sq ft, from 5 sales of units ending 10 (same position in the tower), it is worth about AED 853,000 today.

Value todayAED 853,000AED 815,000 to AED 859,000
Last saleAED 852,56418 Sep 2023 · Resale
Change since last sale+0.1%Building trend alone: AED 852,356
Rent (median asking, 2 bed)AED 92,000Gross yield 10.8%
Bedrooms2 bed
Size1,091 sq ft
Floor5 (from the unit number)
Position in the towerStack 10: units ending 10 share the same layout and view
BuildingTaraf 1 Residence by Taraf, handed over 2019
Registered sales of this unit1

Every registered sale of unit 510

DatePriceSizeAED/sq ftType
18 Sep 2023AED 852,5641,091 sq ft781Resale

Units ending 10 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
41018 Sep 2023AED 1,583,1162,119 sq ft747Resale
21014 Sep 2023AED 1,061,2121,348 sq ft787Resale
11014 Sep 2023AED 1,007,9131,349 sq ft747Resale
31014 Sep 2023AED 1,050,9331,333 sq ft788Resale

Latest 2 bed sales in Taraf 1 Residence

UnitDatePriceSizeAED/sq ftType
41018 Sep 2023AED 1,583,1162,119 sq ft747Resale
41418 Sep 2023AED 1,017,1681,285 sq ft792Resale
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 10 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 781). We multiplied it by the size of this unit (1,091 sq ft). The range uses the middle half of those sales (AED 747 to AED 787 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 852,356. 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 510 at Taraf 1 Residence worth?

About AED 853,000 (range AED 815,000 to AED 859,000), based on AED 781 per sq ft from registered sales up to 7 Nov 2024.

When did unit 510 last sell?

18 Sep 2023, for AED 852,564 (resale). It has 1 registered sale.

What rent can unit 510 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 10.8% on the estimate.

Sales alert for Taraf 1 ResidenceAll sales in Taraf 1 Residence

Unit 509 · Unit 511