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2-bed · 1,677 sqftTiara - Diamond, Palm Jumeirah · 7th floor · completed 2009

701, Tiara - Diamond

Sold prices and rental history: sold 4 times, last in February 2017, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 701 · DLD and Ejari recordsUpdated 7 October 2024
Last soldAED 4.15M28 February 2017
Current rentAED 280K /yr7 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 701, Tiara - Diamond

What is 701 worth today?

Last sold for AED 4,150,000 in 2017

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7 Oct 2024RentedNew contract
AED 280,000/yr12 months · AED 167 per sqft
7 Oct 2022RentedRenewal
AED 235,000/yr12 months · AED 140 per sqft
7 Oct 2021RentedNew contract
AED 235,000/yr12 months · AED 140 per sqft
28 Feb 2017SoldReady
AED 4,150,000AED 2,474 per sqft
31 May 2012SoldReady
AED 3,000,000AED 1,788 per sqft
26 Aug 2010Sold by developerOff-plan
AED 3,000,000AED 1,788 per sqft
26 Aug 2010SoldOff-plan
AED 3,000,000AED 1,788 per sqft

Source: Dubai Land Department. Updated 7 October 2024.

Key facts

Type
2-bed apartment
Size
1,677 sqft
Floor
7th of 12
Parking
1427
Developer
Zabeel Investments
Completed
2009
Service charge
AED 28,400 /yr
Last sold
AED 4.15M · February 2017
Building
Tiara - Diamond

About 701, Tiara - Diamond

701 is a two-bedroom apartment of 1,677 sqft on the 7th floor of Tiara - Diamond, a 12-storey tower in Palm Jumeirah completed in 2009 by Zabeel Investments. It last sold on 28 February 2017 for AED 4,150,000, or AED 2,474 per sqft.

It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 7 October 2024, is AED 280,000 a year: a gross yield of 6.8% on the 2017 price, before the service charge of about AED 28,400 a year.

Sales and rents for 701 over time

Sales
Unit 701, 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, August 2010: AED 3,000,000 (AED 1,788 per sqft)Sold, August 2010: AED 3,000,000 (AED 1,788 per sqft)Sold, May 2012: AED 3,000,000 (AED 1,788 per sqft)Sold, February 2017: AED 4,150,000 (AED 2,474 per sqft)

701 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 701, 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, October 2021: AED 235,000 a yearRenewal, October 2022: AED 235,000 a yearNew contract, October 2024: AED 280,000 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 701 sits

All 29 2-beds →

701's AED 280,000 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 7th floor

All 77 units in Tiara - Diamond
Value
7023-bedAED 5.1M · Apr 2022
7031-bedAED 2.93M · Dec 2015
7041-bedAED 2.34M · Jan 2011
7053-bedAED 8M · Apr 2022
7062-bedAED 3.8M · Oct 2021

701, Tiara - Diamond in numbers

  • Sold 4 times: first on 26 August 2010 for AED 3,000,000, last on 28 February 2017 for AED 4,150,000 (AED 2,474 per sqft).
  • Rented since October 2021 on 3 Ejari contracts, from AED 235,000 to AED 280,000 a year.
  • At AED 280,000 a year the gross yield on the 2017 price is 6.8%, before a service charge of about AED 28,400 a year (AED 16.94 per sqft).

Source: Dubai Land Department. Updated 7 October 2024.

Questions about 701, Tiara - Diamond

What did unit 701 last sell for?

AED 4,150,000 on 28 February 2017: AED 2,474 per sqft for 1,677 sqft. The unit has 4 registered sales; the first was AED 3,000,000 in August 2010.

What is the rent for unit 701?

AED 280,000 a year on the contract signed on 7 October 2024. The previous contract, from October 2022, was AED 235,000; the unit has been rented since October 2021.

How big is unit 701?

1,677 sqft (155.8 sqm): a two-bedroom apartment on the 7th floor of a 12-storey tower completed in 2009.

What is unit 701 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 701, Tiara - Diamond

Starts from the last sale price (AED 4.15M, 28 February 2017). Switch to today's estimate once you have unlocked it.
Price
AED 4,150,000
Deposit, UAE resident (20%)
AED 830,000
Deposit, non-resident (40%)
AED 1,660,000
Monthly over 25 years at 3.7%
AED 16,979

Plus AED 179,310 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →