Zaafaran 1

50 units · 1 building

Zaafaran 1 is a development in Downtown Dubai, comprising 50 registered units. 86 sales are registered with the Dubai Land Department, at a current PIX© price of AED 2,033 per sqft. At AED 2,033 per sqft, Zaafaran 1 prices 33% below the Downtown Dubai median of AED 3,018 per sqft on registered sales.

PIX© price · ↑1.7% YoY

3.05MAED

Typical

2,033AED

PSF

Gross yield

4.9%

PIX© rent ÷ PIX© price

Sale records

DLD · all time

Rent contracts

330

Ejari · all time

Location data © OpenStreetMap contributors

SATELLITE

LocationDowntown Dubai

Drive times · typical

Downtown Dubai5 min · 0.8 km

DXB Airport18 min · 16.1 km

DIFC14 min · 5.3 km

Dubai Marina27 min · 23.7 km

Palm Jumeirah27 min · 25.1 km

Nearby · straight-line

Metro stationBurj Khalifa / Dubai Mall1.4 km

MallSouk Al Bahar0.5 km

SchoolSalma al Ansaria School2.4 km

HospitalMedcare Orthopaedics & Spine Hospital3.3 km

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Exclusive to PropertyIndex©

PIX© Unit History

Pick a building and floor, or select a position in any table below, to follow one unit through every registered owner and tenant.

Floor

Units on floor 1

…

2 Bed on Floor 1, Zaafaran 1

Size
Record: Jun 2009 to Dec 2024
Owners: 6
Tenants: 4
Price change
Yield on cost

Sale price by owner

Party	Date	Price / RentAED	Held	Note
6Owner 6	5 Dec 2024		23 mo	Current owner Sold with tenant in place Mortgage
4Tenant 4	10 Mar 2024		12 mo	Renewal Owner 5
4Tenant 4	10 Mar 2023		12 mo	Renewal Owner 5
4Tenant 4	10 Mar 2022		12 mo	Owner 5
5Owner 5	22 Nov 2017		7.0 yrs	Sold with tenant in place
3Tenant 3	11 Oct 2017		12 mo	Owner 4
2Tenant 2	11 Oct 2017		12 mo	Renewal Owner 4
2Tenant 2	11 Oct 2016		12 mo	Owner 4
1Tenant 1	6 Sep 2015		12 mo	Owner 4
4Owner 4	30 May 2012		5.5 yrs	Mortgage
3Owner 3	24 Feb 2011		15 mo	Mortgage
2Owner 2	23 Jun 2009		20 mo	Mortgage
Owner 1 · Undisclosed		—		Acquisition date and price not on record

PIX© Airbnb Calculator

Your nightly rate and occupancy, against this unit’s registered record.

2 Bed · Floor 1 · Zaafaran 1

Nightly rateAED

Occupancy (237 nights)

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Zaafaran 12,033AED/sqft · project-wide

Units

Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.

Type	Units	PIX© Price	PIX© PSF	PSF YoY	Trend	PIX© Rent /yr	Yield
PIX© Core Project-Wide 74 - 4,116 sqft	50	3.05M	2,033	↑1.7%		149K	4.9%
Residential
1 Bed · Apartment 785 - 1,447 sqft	19
2 Bed · Apartment 1,259 - 2,394 sqft	19
3 Bed · Apartment 1,887 - 4,116 sqft	8	-	-	-
Commercial
Warehouse 74 - 220 sqft	4	-	-	-	-	-	-

Sales - Project-Wide86 DLD records

PIX© price analysis

PIX©Entry

PIX©Standard

PIX©Premium

PSF YoY

3-month change

All time

Price range

PSF range

Avg size

Cash : mortgage

Off-plan : ready

Latest transactions

Date	Beds	Position	Size	Price	PSF	vs Prior Sale	Tier	Type
26 Jun 2026	1 Bed	Zaafaran 1 · Floor 1	1,014	2,400,000	2,367	+35.2%	Standard	Standard Sale
22 Jul 2025	2 Bed	Zaafaran 1 · Floor G	1,632	3,400,000	2,083	+106.4%	Standard	Standard Sale
11 Dec 2024	1 Bed	Zaafaran 1 · Floor 2	785	1,785,000	2,274	+85.0%	Standard	Standard Sale

Rentals - Project-Wide330 Ejari contracts

PIX© rent analysis

PIX©Entry

PIX©Standard

PIX©Premium

Rent PSF YoY

Gross yield

All time

Rent range

Renewals

Latest contracts

Start Date	Beds	Position	Size	Rent / Yr	Rent PSF	vs Prior Rent	Tier	Type
30 Sep 2026	2 Bed	Zaafaran 1 · Floor 2	1,282	132,000	103	-	Standard	CONTRACT
1 Aug 2026	1 Bed	Zaafaran 1 · Floor 3	785	120,000	153	-	Standard	CERTIFICATE
4 Jul 2026	1 Bed	Zaafaran 1 · Floor 2	785	100,800	128	-	Standard	CERTIFICATE

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

This project

—

Compared with

Baccarat Hotel and Residences

PIX© PSF

—

Rank

—

#1 of 42

Typical price

—

Yield

—

Units

—

Sales

—

Rents

—

Developer

—

SHAMAL ESTATES L.L.C

Handover

—

U/C

Project	Units	Sales	Rents
Baccarat Hotel and Residences SHAMAL ESTATES L.L.C · U/C · Off-plan pricing	98	92	—
Inaura Hotels & Residences ARADA DEVELOPMENTS L.L.C S.O.C · U/C · Off-plan pricing	119	36	—
Mercedes Benz Places by Binghatti BINGHATTI DEVELOPERS FZE · U/C · Off-plan pricing	163	121	—
The Address Residences Dubai Opera Tower 1 EMAAR · Completed · Off-plan pricing	517	119	567
Binghatti Skyblade BINGHATTI DEVELOPERS FZE · U/C · Off-plan pricing	596	567	—
The Address Residences Dubai Opera Tower 2 EMAAR · Completed · Off-plan pricing	450	120	575
The Address Residences Dubai Opera EMAAR · Completed · Off-plan pricing	977	239	1,150
Burj Khalifa EMAAR · Completed · Off-plan pricing	1,311	31	1,638
Burj Khalifa Area EMAAR · Completed · Off-plan pricing	4,217	1,119	2,932
Vida Residences Dubai Mall EMAAR · Completed · Off-plan pricing	760	346	396
Vida Dubai Mall Tower 2 EMAAR · Completed · Off-plan pricing	247	108	136

Community median 3,018 AED/sqft. Showing the closest-ranked peers of 42 ranked projects in the community. 9 community projects excluded for insufficient recorded sales. 48 excluded for trading only in the off-plan market. 7 excluded for insufficient unit-mix overlap. PIX© PSF is like-for-like on this project's unit mix · ready and off-plan registrations priced separately · yields from new Ejari contracts · cash sales, last 48 months.

Comparable projects in Downtown Dubai

The closest-priced registered projects in Downtown Dubai.

BLVD CrescentAED 2,085/sqft
Forte 2AED 2,200/sqft
Sofitel Residences DowntownAED 2,201/sqft
BLVD Heights Tower 1AED 2,205/sqft
BLVD HeightsAED 2,220/sqft
Imperial AvenueAED 2,243/sqft

Common questions about Zaafaran 1

Answered from Dubai Land Department registered transactions.

How much does a property in Zaafaran 1 cost?

Property in Zaafaran 1 sells at a current PIX© price of AED 2,033 per sqft, or about AED 3,052,552 for a typical unit, based on 86 sales registered with the Dubai Land Department.

What is the rental yield in Zaafaran 1?

Zaafaran 1 yields 4.9% gross, calculated from current PIX© rent against current PIX© sale price, across 330 registered Ejari contracts.

How many units are in Zaafaran 1?

Zaafaran 1 holds 50 registered units, per the Dubai Land Department unit register.

Have prices in Zaafaran 1 gone up or down?

Price per sqft has risen +1.7% over the last 12 months, to AED 2,033, across 86 registered sales.