Zaafaran 4 is a luxurious residential complex in Old Town Dubai. It is known for its state-of-the-art facilities and central location, making it a famous choice among residents and investors.
The apartments in Zaafaran 4 come in various sizes and styles, ranging from cozy one-bedroom apartments to spacious three-bedroom units. The complex offers several amenities, including a swimming pool, gym, and 24-hour security, ensuring that residents have everything they need at their fingertips.
Located in Old Town Dubai, Zaafaran 4 offers easy entry to some of the city’s most popular attractions, including the Dubai Mall and the Burj Khalifa. The area is also known for its vibrant nightlife and bustling shopping districts, making it ideal for those looking to experience Dubai at its best.
Overview of Zaafaran 4
Zaafaran 4 is a residential complex in Dubai’s Old Town district. It is part of the larger Old Town development, which is famous for its traditional Arabian architecture and vibrant community atmosphere. The complex offers several apartments with modern amenities and is surrounded by various facilities.
Location and Accessibility
Zaafaran 4 is located in a prime location in Old Town, Dubai. It is quickly accessible from Sheikh Zayed Road, one of the main highways in Dubai. The complex is also close to the Dubai Mall, one of the largest shopping malls in the world. Residents can enjoy easy access to various restaurants, cafes, and retail outlets in the vicinity.
Residential Complex Features
Zaafaran 4 is a well-designed residential complex that offers several features and amenities for its residents. Some of the key features of the complex include:
- Children’s play area inside and outside
- Children’s swimming pool
- Clubhouse
- Fire alarm system
- Gymnasium
- Jacuzzi
- Sauna
- Steam room
- Swimming pool
In addition, the complex has 24-hour security and maintenance services.
Types of Apartments
Zaafaran 4 offers a range of apartments to suit different needs and preferences. The apartments are available in one, two, and three-bedroom configurations. Some of the essential features of the apartments include:
- Built-in wardrobes
- Central air conditioning
- Fully equipped kitchen
- High-speed internet
- Maid’s room in some units
- Spacious balconies
- Stunning views of the surrounding area
The apartments in Zaafaran 4 are spacious and well-designed, making them ideal for families and professionals alike.
Overall, Zaafaran 4 is an excellent residential complex with many features and amenities for its residents. Its prime location, modern facilities, and spacious apartments make it ideal for a comfortable and luxurious living experience in Dubai.
Real Estate Insights
Market Trends
Zaafaran 4 is indeed a residential building in Downtown Dubai’s Old Town district. The stability of the real estate market there with moderate price fluctuations indicates a balanced market. The mix of local and international buyers and renters contributing to the steady demand for properties in Zaafaran 4 reflects its attractiveness to a diverse range of individuals.
Average Price Range
The average price range for properties in Zaafaran 4 varies depending on the unit type and its location within the building. As of June 2024, the average price for a one-bedroom apartment is around AED 90,000 per year. Two-bedroom apartments are available for an average of AED 130,000 per year. The prices for penthouses and larger units are significantly higher.
Recent Sale Transactions
Several recent sale transactions have occurred in Zaafaran 4, with a mix of local and international buyers. Moreover, prices for these transactions have changed based on the size and location of the unit. Additionally, one notable sale was an upgraded one-bedroom apartment with a study and a view of Burj Khalifa, which sold for AED 2.75 million in March 2024.
Overall, the real estate market in Zaafaran 4 is stable and offers multiple options for buyers and renters. The request for properties in this area will remain steady in the coming years, with moderate price fluctuations.
Property Details
Apartment Specifications
Zaafaran 4 in Old Town Dubai offers apartments with one to three bedrooms, fully fitted kitchens, built-in wardrobes, and balconies with views of the swimming pool. These apartments boast spacious layouts for comfortable living and are equipped with modern amenities for a luxurious lifestyle. Additionally, the units are available in different sizes, ranging from 921 sqft to 1,345 sqft.
Maintenance and Services
Zaafaran 4, Old Town Dubai, offers a range of maintenance and services to ensure that the residents have a comfortable living experience. The building has a 24-hour security system that ensures the residents’ safety. Additionally, the building provides a maintenance team that is available round the clock to address any maintenance issues that may arise. The building has a swimming pool and a gym that locals can use to stay fit and healthy.
Property Size and Types
Zaafaran 4 in Old Town Dubai offers a range of apartment types that cater to the needs of different residents. Additionally, these apartments are available in various sizes, ranging from one to three bedrooms, with spacious layouts that provide comfortable living spaces. Furthermore, the units come in different sizes, ranging from 921 sqft to 1,345 sqft. The building currently has a total of 3 properties available for sale.
In conclusion, Zaafaran 4, Old Town Dubai, is ideal for those looking for a luxurious lifestyle. The apartments feature modern amenities and spacious layouts that offer comfortable living spaces. The building provides a range of maintenance and services to ensure the residents have a comfortable living experience.
Investment Opportunities
Return on Investment (ROI)
Investing in Zaafaran 4, Old Town Dubai, can be a lucrative opportunity for those looking to make a return on their investment. The ROI for properties in this area varies depending on several factors, including the type of property, its location, and the current industry conditions. However, in general, the ROI for properties in Zaafaran 4 is higher than that for properties in Dubai.
Price Trends for Sale
The price trends for properties in Zaafaran 4, Old Town Dubai, have been relatively stable over the past few years. According to recent data, the average price per square foot for properties in this area is around AED 2,700. However, the cost can vary depending on several factors, including the type of property, its location, and its condition.
New Property Developments
Several new property developments in Zaafaran 4, Old Town Dubai, present excellent investment opportunities. Moreover, these developments include luxury apartments, townhouses, and villas designed to cater to the requirements of different types of investors. Additionally, these properties have modern amenities and facilities, making them an attractive option for investing in the area.
In conclusion, investing in Zaafaran 4, Old Town Dubai, can be a great opportunity for those looking to make a return on their investment. With stable price trends and several new property developments, the area offers a range of investment opportunities for different types of investors.
Amenities and Facilities
Shopping and Retail
Zaafaran 4 is conveniently located near several shopping and retail centers, making it easy for residents to access all their shopping needs. The Dubai Mall, one of the most extensive malls in the world, is just a short drive away and offers various luxury and high-end brands. Several supermarkets and shops, including Spinneys and Carrefour, are also nearby, where residents can purchase everyday essentials.
Dining and Restaurants
Residents of Zaafaran 4 have access to various dining options, with many restaurants in the surrounding area. The Dubai Fountain is also nearby, providing a beautiful backdrop for a romantic dinner. Whether residents are looking for a quick bite or a fancy dinner, plenty of options are available.
Educational Institutions
For families with children, Zaafaran 4 is conveniently located near several educational institutions, such as Dubai Modern High School and GEMS Wellington Primary School. Moreover, these schools offer high-quality education and are easily accessible from Zaafaran 4.
Recreational Areas
Zaafaran 4 is located in the heart of Old Town Dubai, providing residents easy access to several recreational areas. Several parks are nearby, including Burj Park and Al Khazan Park, where residents can enjoy a picnic or take a stroll. The Dubai Opera House is also nearby, providing residents with access to world-class performances and events.
Zaafaran 4 offers residents a convenient and comfortable lifestyle, with easy access to shopping, dining, education, and recreational facilities.
Neighborhood Highlights
Proximity to Landmarks
Zaafaran 4 is located in the Old Town district of Downtown Dubai and is known for its traditional Arabian architecture and vibrant community atmosphere. The building is close to several landmarks, including:
- Burj Khalifa: The world’s tallest building is just a few minutes away from Zaafaran 4, making it easy for residents to enjoy the stunning views and visit the observation deck.
- Dubai Mall: One of the largest shopping malls in the world, Dubai Mall, is also nearby. With over 1,200 stores, residents can access various shopping, dining, and entertainment options.
- Business Bay: Dubai’s central business district, Business Bay, is just a short drive away from Zaafaran 4. This makes it ideal for professionals who work in the area.
Community Lifestyle
Zaafaran 4 offers a range of apartments with modern amenities, making it an ideal choice for those who want to live in a vibrant community. The building is surrounded by various facilities and attractions, including:
- Al Wasl Park: A popular park in the area, Al Wasl Park, is just a short walk from Zaafaran 4. Residents can enjoy the greenery, playgrounds, and jogging tracks.
- Public Beaches: Jumeirah Public Beach and Kite Beach are nearby, allowing residents to enjoy the sun, sand, and sea.
- Community Events: The Old Town district hosts various community events, including cultural festivals, food fairs, and art exhibitions.
Public Transportation Access
Zaafaran 4 is well-connected to the public transportation network in Dubai, making it easy for residents to get around the city. The building is located near several bus stops and metro stations, including:
- Burj Khalifa/Dubai Mall Metro Station: This station is just a short walk from Zaafaran 4, providing locals easy access to the rest of the city.
- Bus Stops: Several bus stops near the building provide residents with convenient access to different parts of the city.
Overall, Zaafaran 4 is an excellent place for those who want to enjoy a vibrant community lifestyle close to some of Dubai’s most famous landmarks and attractions.
Buying Guide
Steps to Purchase
When considering purchasing a property in Zaafaran 4, Old Town Dubai, there are several essential steps to follow. These include:
- Research: It is essential to research the current market conditions in Zaafaran 4 and the surrounding areas. This will help you specify the fair market value of the property you are interested in.
- Property Viewing: Schedule a viewing of the property you are interested in. This will allow you to inspect its condition and see if it meets your needs.
- Negotiation: Once you have found a property you are interested in, it is essential to negotiate the price with the seller, which can be done through a real estate representative or directly with the seller.
- Legal Process: Once you have agreed on a price, you must complete the legal process, including signing a sales agreement and transferring ownership of the property.
Financial Considerations
There are several financial considerations when purchasing a property in Zaafaran 4, Old Town Dubai. These include:
- Property Price: The price of properties in Zaafaran 4 can vary greatly depending on their size and location. The average price range for a one-bedroom apartment in Zaafaran 4 is between AED 2M and AED 3 M.
- Down Payment: Most banks in the UAE require a down payment of at least 25% of the property price. Having the necessary funds available before beginning the purchasing process is essential.
- Mortgage: If you need a mortgage to purchase the property, it is essential to research the different choices available and choose the one that best meets your needs.
Legal Framework
When purchasing a property in Zaafaran 4, Old Town Dubai, it is essential to follow the legal framework set out by the Dubai Land Department. This includes:
- Sales Agreement: Before the transfer of ownership can take place, both the buyer and seller must sign a sales agreement.
- Transfer of Ownership: The transfer of ownership must be completed through the Dubai Land Department, and it includes paying the necessary fees and taxes.
- Title Deed: Once the transfer of ownership is complete, a title deed will be issued in the buyer’s name, which is proof of ownership and should be kept in a safe place.
Overall, purchasing a property in Zaafaran 4, Old Town Dubai, requires careful consideration and planning. Buyers can make an informed decision and guarantee a smooth purchasing process by following the steps outlined above and considering the financial and legal concerns.
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Frequently Asked Questions
What are the current rental rates for properties in Zaafaran 4, Old Town Dubai?
Rental rates for properties in Zaafaran 4, Old Town Dubai, vary depending on the size and type of the unit. According to recent data, the average rental rate for a 1-bedroom apartment in Zaafaran 4 is AED 100,000 annually.
How do reviews rate the living experience in Zaafaran 4, Old Town Dubai?
Reviews of the living experience in Zaafaran 4, Old Town Dubai, are generally positive. Residents appreciate the traditional Arabian architecture and vibrant Old Town district community atmosphere. They also enjoy the modern amenities offered by Zaafaran 4, such as a gym and swimming pool.
What is the price range for apartments in Zaafaran 4, Old Town Dubai?
The price range for apartments in Zaafaran 4, Old Town Dubai, varies depending on the size and type of the unit. According to recent data, the starting price for properties in Zaafaran 4 is AED 1,500,000.
Where can I find the floor plans for Zaafaran 4, Old Town Dubai residences?
Floor plans for Zaafaran 4, Old Town Dubai residences, can be found on the development’s official website or by contacting a real estate agent specializing in the area.
Are there any properties for sale in Zaafaran 4, Old Town Dubai, and what are their prices?
Yes, there are properties for sale in Zaafaran 4, Old Town Dubai. The price of these properties changes based on the size and type of the unit. According to recent data, the starting price for a 1-bedroom apartment in Zaafaran 4 is AED 2,695,000.
What amenities are available to residents of Zaafaran 4, Old Town Dubai?
Residents of Zaafaran 4, Old Town Dubai, can access various amenities, including a gym, swimming pool, and 24-hour security. The development is also near multiple facilities and attractions, such as the Dubai Mall and Al Quoz Cemetery Mosque.
