1. Definition of the area and data structure
Actual location: according to DLD, the ZaZEN GARDENS project is located in Jabal Ali First, within the Al Furjan master development. All subsequent indicators and comparisons by area are based on these criteria.
For 1-bedroom apartments (1BR) in ZaZEN GARDENS, 97 sale transactions have been recorded in DLD since the project launch, which allows for a reliable analysis at the building level.
For rentals, the DLD database shows zero active contracts over the last 12 months for ZaZEN GARDENS itself (and separately for 1BR units in Al Furjan/Jabal Ali First). Therefore, yield indicators for the building or the district can only be derived at the Al Furjan master-project level.
2. Liquidity and transaction frequency
Such a concentration of deals (97 transactions for 1BR over ~1.5 years) is typical for new, actively selling buildings. The highest volume of transactions fell in Q2 2023 (41 deals), which coincides with the peak sales phase of the project. Afterwards, the pace slows down to an average of 6–21 deals per quarter (data for H2 2023 and H1 2024). This indicates liquidity typical for new, in-demand buildings in Al Furjan. The active sales phase of newly launched units under construction is clearly visible.
At the level of Jabal Ali First and the Al Furjan master development as a whole, the 1-bedroom apartment market remains highly liquid — the frequency and volume of transactions support stable demand.
3. Dynamics of the average price per m²
Average price per m² in ZaZEN GARDENS for 1BR units:
– In 2023–2024 the price per m² was in the range of approximately AED 10,400 – 14,500.
– In the first quarters of peak sales (Q2–Q3 2023) — around AED 10,500–11,000/m².
– In 2024 and onwards (over the last 12 months) — an average of AED 14,100/m², with price growth recorded.
For comparison, in Jabal Ali First (1BR apartments):
– In 2022–2023 prices were slightly lower: in the range of AED 9,300–12,200/m²,
– Over the last 12 months in the district — the average price reached AED 15,284/m², which is already higher than in ZaZEN GARDENS.
Thus, at launch the project was sold with a certain discount to the district’s average market price, while in 2024 price growth led to alignment with, and even exceeding of, the district average. This is typical for new residential complexes that over time converge in price with more mature competitors in Al Furjan.
4. Rental segment: indicators and dynamics
According to DLD, there have been no rental contracts for 1BR units (or for the project as a whole, making it impossible to determine rental levels) in ZaZEN GARDENS itself or in Jabal Ali First over the last 12 months. This is typical for new projects: investment purchases are often not yet rented out, or the rental data has simply not yet accumulated in DLD.
Across the Al Furjan master development, more than 33,000 residential rental contracts (all types) have been recorded, providing a robust data set for analysing average market rents.
The average annual rental rate per m² in Al Furjan, according to DLD for the last 12 months, was AED 976/m² per year. From 2020 to 2024 there is a clear upward trend: from AED 520–620/m² in 2020 to approximately AED 870–950/m² in the first half of 2024.
In Jabal Ali First this figure over the last 12 months is lower — AED 876/m² per year.
In practice, to assess potential yields in ZaZEN GARDENS one can rely on the actual market range for the Al Furjan master development, since comparable buildings by class are being rented out roughly in the same range (AED 870–980/m²/year).
5. ROI (gross, net) and fair investment price
Yield calculations are based only on verified DLD data for the last 12 months:
– For ZaZEN GARDENS, 1BR: there are enough sales over 12 months, but rental cannot be assessed (no contracts).
– For Jabal Ali First (1BR): similarly, >30 sales, but no recorded rentals.
– For the Al Furjan master development (all types): valid rental data is available (AED 976/m² over 12 months).
Current average sale price in ZaZEN GARDENS based on 12-month data: around AED 14,100/m² (for 1BR).
District average in Jabal Ali First: AED 15,284/m².
Average rental rate in Al Furjan: AED 976/m²/year.
Gross ROI for investment in a typical ZaZEN GARDENS apartment at the current market price is guided by the Al Furjan rental rate:
– ROI_gross ≈ 976 / 14,100 ≈ 6.9% per annum
– ROI_gross for Jabal Ali First ≈ 876 / 15,284 ≈ 5.7%
This is the “gross” yield, excluding transaction and operating costs.
Taking into account standard entry costs (around 7–8%), the expected net yield (“net ROI”) will be lower:
ROI_net ≈ 6.4–6.5% at the current ZaZEN GARDENS price point.
Fair price range for an investment purchase targeting a 7–8% rental yield (calculated from the average actual rent in Al Furjan):
– At 8% per annum: 976 / 0.08 = AED 12,200/m².
– At 7% per annum: 976 / 0.07 = AED 13,943/m².
The current ZaZEN GARDENS price (AED 14,100/m²) is at the upper end of this fair market range; the product is practically at the “investment limit” for a target yield of 7%.
6. Outlook and prospects
ZaZEN GARDENS is a new building in a location with high liquidity and stable demand, especially given the active development of Al Furjan. Historical price dynamics show rapid growth after market entry; the project is now among the price leaders in the district for the “new-build” segment. The potential for further growth appears limited — current price levels already offer a “market” yield, with only modest additional upside possible as rents increase across the wider area.
Investment appeal remains — but further price appreciation is significantly constrained, and for secondary market purchases it is reasonable to seek a small discount to the current average in order to achieve a net yield closer to 7.5–8% per annum.
Rental indicators require time to build a sufficient statistical base for the building itself. There are no serious signs of declining liquidity in the district or the master development.
Conclusion: ZaZEN GARDENS is a liquid, in-demand new project with stable demand; the average price in the building is slightly below the district average, but no longer offers a yield premium relative to Al Furjan. For an investor, a 7–8% annual return is achievable only when buying at or below the current market average. Further price growth is unlikely without a significant increase in rental rates.
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