2-bed · 1,677 sqftTiara - Diamond, Palm Jumeirah · 10th floor · completed 2009

1006, Tiara - Diamond

Sold prices and rental history: sold twice, last in June 2011, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1006 · DLD and Ejari recordsUpdated 1 April 2023
Last soldAED 3.14M13 June 2011
Current rentAED 290K /yr1 April 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1006, Tiara - Diamond

What is 1006 worth today?

Last sold for AED 3,135,400 in 2011

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1 Apr 2023RentedNew contract
AED 290,000/yr12 months · AED 173 per sqft
1 Mar 2022RentedNew contract · flagged as an outlier
AED 714,286/yr13 months · AED 426 per sqft
1 Mar 2021RentedRenewal
AED 165,000/yr12 months · AED 98 per sqft
1 Mar 2019RentedNew contract
AED 195,000/yr12 months · AED 116 per sqft
24 Sep 2017RentedRenewal
AED 210,000/yr12 months · AED 125 per sqft
24 Sep 2016RentedRenewal
AED 220,000/yr12 months · AED 131 per sqft
24 Sep 2015RentedRenewal
AED 220,000/yr12 months · AED 131 per sqft
24 Sep 2014RentedNew contract
AED 220,000/yr12 months · AED 131 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 April 2023.

Key facts

Type
2-bed apartment
Size
1,677 sqft
Floor
10th of 12
Parking
2548, 2547
Developer
Zabeel Investments
Completed
2009
Service charge
AED 28,400 /yr
Last sold
AED 3.14M · June 2011

About 1006, Tiara - Diamond

1006 is a two-bedroom apartment of 1,677 sqft on the 10th floor of Tiara - Diamond, a 12-storey tower in Palm Jumeirah completed in 2009 by Zabeel Investments. It last sold on 13 June 2011 for AED 3,135,400, or AED 1,869 per sqft, 5% above the AED 1,788 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, signed on 1 April 2023, is AED 290,000 a year: a gross yield of 9.3% on the 2011 price, before the service charge of about AED 28,400 a year.

Sales and rents for 1006 over time

Sales
Unit 1006, each saleTypical two-bed in Tiara - Diamond
3M4M5M2009201320172021Typical sale price by year: 2009 AED 3,135,400; 2011 AED 2,982,153; 2012 AED 3,000,000; 2013 AED 3,500,000; 2014 AED 4,000,000; 2015 AED 4,361,555; 2021 AED 3,650,000; 2022 AED 4,500,000; 2023 AED 4,800,000Sold by developer, March 2009: AED 3,135,400 (AED 1,869 per sqft)Sold, June 2011: AED 3,135,400 (AED 1,869 per sqft)

1006 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1006, each contractTypical two-bed in Tiara - Diamond
200K300K2012201620202024Typical rent by year: 2012 AED 200,000; 2013 AED 200,000; 2014 AED 217,500; 2015 AED 237,500; 2016 AED 232,500; 2017 AED 215,000; 2018 AED 204,001; 2019 AED 187,500; 2020 AED 170,000; 2021 AED 175,000; 2022 AED 210,000; 2023 AED 262,500; 2024 AED 280,000; 2025 AED 320,000New contract, September 2014: AED 220,000 a yearRenewal, September 2015: AED 220,000 a yearRenewal, September 2016: AED 220,000 a yearRenewal, September 2017: AED 210,000 a yearNew contract, March 2019: AED 195,000 a yearRenewal, March 2021: AED 165,000 a yearNew contract, April 2023: AED 290,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Tiara - Diamond, and where 1006 sits

All 29 2-beds →

1006 last sold in June 2011 at AED 1,869 per sqft, 5% above what two-beds in Tiara - Diamond were fetching at the time (AED 1,788). 1006's AED 290,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
22 May 20256,800,000
12 Mar 20256,350,000
27 Mar 20234,800,000
20 Feb 20234,800,000
0 2-bed sales in the last 12 months

Tiara - Diamond

Building

77 apartments, 1-bed to 4-bed over 12 floors in Palm Jumeirah, completed in 2009 by Zabeel Investments. 1 sold in the last 12 months.

Typical price per sqft
AED 3,240
Typical sale
AED 4.2M
Typical rent
AED 325K /yr
Typical yield
6.0%
Tiara - Diamond, Palm Jumeirah: prices, sales and rents →

Other units on the 10th floor

All 77 units in Tiara - Diamond
Value
10012-bedAED 4.8M · Feb 2023
10023-bedAED 4.75M · Sep 2021
10031-bedAED 3.85M · Nov 2023
10041-bedAED 1.95M · Nov 2012
10053-bedAED 6.5M · Jul 2013

1006, Tiara - Diamond in numbers

  • Sold twice: first on 3 March 2009 for AED 3,135,400, last on 13 June 2011 for AED 3,135,400 (AED 1,869 per sqft).
  • Rented since September 2014 on 8 Ejari contracts. The rent fell from AED 220,000 to AED 165,000 in 2021 and recovered to AED 290,000 by April 2023.
  • At AED 290,000 a year the gross yield on the 2011 price is 9.3%, before a service charge of about AED 28,400 a year (AED 16.94 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 1 April 2023.

Questions about 1006, Tiara - Diamond

What did unit 1006 last sell for?

AED 3,135,400 on 13 June 2011: AED 1,869 per sqft for 1,677 sqft. The unit has 2 registered sales; the first was AED 3,135,400 in March 2009.

What is the rent for unit 1006?

AED 290,000 a year on the contract signed on 1 April 2023. The previous contract, from March 2022, was AED 714,286; the unit has been rented since September 2014.

How big is unit 1006?

1,677 sqft (155.8 sqm): a two-bedroom apartment on the 10th floor of a 12-storey tower completed in 2009.

What is unit 1006 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 1006, Tiara - Diamond

Starts from the last sale price (AED 3.14M, 13 June 2011). Switch to today's estimate once you have unlocked it.
Price
AED 3,135,400
Deposit, UAE resident (20%)
AED 627,080
Deposit, non-resident (40%)
AED 1,254,160
Monthly over 25 years at 3.7%
AED 12,828

Plus AED 136,697 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →