2-bed · 1,677 sqftTiara - Diamond, Palm Jumeirah · 6th floor · completed 2009

601, Tiara - Diamond

Sold prices and rental history: sold twice, last in January 2011, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 601 · DLD and Ejari recordsUpdated 2 February 2023
Last soldAED 2.97M6 January 2011
Current rentAED 175K /yr2 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 601, Tiara - Diamond

What is 601 worth today?

Last sold for AED 2,970,400 in 2011

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2 Feb 2023RentedNew contract
AED 175,000/yr12 months · AED 104 per sqft
4 Apr 2022RentedRenewal
AED 175,690/yr10 months · AED 105 per sqft
4 Apr 2021RentedRenewal
AED 175,000/yr12 months · AED 104 per sqft
16 Jul 2019RentedNew contract
AED 175,000/yr12 months · AED 104 per sqft
20 Oct 2018RentedNew contract
AED 200,000/yr12 months · AED 119 per sqft
25 Aug 2017RentedRenewal
AED 240,000/yr12 months · AED 143 per sqft
25 Aug 2016RentedNew contract
AED 240,000/yr12 months · AED 143 per sqft
1 Jan 2015RentedRenewal
AED 245,000/yr12 months · AED 146 per sqft

Source: Dubai Land Department. Updated 2 February 2023.

Key facts

Type
2-bed apartment
Size
1,677 sqft
Floor
6th of 12
Parking
1421
Developer
Zabeel Investments
Completed
2009
Service charge
AED 28,400 /yr
Last sold
AED 2.97M · January 2011

About 601, Tiara - Diamond

601 is a two-bedroom apartment of 1,677 sqft on the 6th floor of Tiara - Diamond, a 12-storey tower in Palm Jumeirah completed in 2009 by Zabeel Investments. It last sold on 6 January 2011 for AED 2,970,400, or AED 1,771 per sqft, in line with the AED 1,788 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 11 Ejari contracts. The current contract, signed on 2 February 2023, is AED 175,000 a year: a gross yield of 5.9% on the 2011 price, before the service charge of about AED 28,400 a year.

Sales and rents for 601 over time

Sales
Unit 601, 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, April 2009: AED 2,970,400 (AED 1,771 per sqft)Sold, January 2011: AED 2,970,400 (AED 1,771 per sqft)

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

Rents
Unit 601, 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, March 2012: AED 200,000 a yearRenewal, March 2013: AED 200,000 a yearNew contract, May 2014: AED 244,995 a yearRenewal, January 2015: AED 245,000 a yearNew contract, August 2016: AED 240,000 a yearRenewal, August 2017: AED 240,000 a yearNew contract, October 2018: AED 200,000 a yearNew contract, July 2019: AED 175,000 a yearRenewal, April 2021: AED 175,000 a yearRenewal, April 2022: AED 175,690 a yearNew contract, February 2023: AED 175,000 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 601 sits

All 29 2-beds →

601 last sold in January 2011 at AED 1,771 per sqft, in line with what two-beds in Tiara - Diamond were fetching at the time (AED 1,788). 601's AED 175,000 is at the bottom 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 6th floor

All 77 units in Tiara - Diamond
Value
6023-bedAED 7M · May 2023
6031-bedAED 2.75M · Oct 2013
6041-bedAED 4.25M · Jan 2025
6053-bedAED 4.11M · Jan 2011
6062-bedAED 2.8M · Sep 2011

601, Tiara - Diamond in numbers

  • Sold twice: first on 28 April 2009 for AED 2,970,400, last on 6 January 2011 for AED 2,970,400 (AED 1,771 per sqft).
  • Rented since March 2012 on 11 Ejari contracts, from AED 200,000 to AED 175,000 a year.
  • At AED 175,000 a year the gross yield on the 2011 price is 5.9%, before a service charge of about AED 28,400 a year (AED 16.94 per sqft).

Source: Dubai Land Department. Updated 2 February 2023.

Questions about 601, Tiara - Diamond

What did unit 601 last sell for?

AED 2,970,400 on 6 January 2011: AED 1,771 per sqft for 1,677 sqft. The unit has 2 registered sales; the first was AED 2,970,400 in April 2009.

What is the rent for unit 601?

AED 175,000 a year on the contract signed on 2 February 2023. The previous contract, from April 2022, was AED 175,690; the unit has been rented since March 2012.

How big is unit 601?

1,677 sqft (155.8 sqm): a two-bedroom apartment on the 6th floor of a 12-storey tower completed in 2009.

What is unit 601 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 601, Tiara - Diamond

Starts from the last sale price (AED 2.97M, 6 January 2011). Switch to today's estimate once you have unlocked it.
Price
AED 2,970,400
Deposit, UAE resident (20%)
AED 594,080
Deposit, non-resident (40%)
AED 1,188,160
Monthly over 25 years at 3.7%
AED 12,153

Plus AED 129,767 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →