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2-bed · 2,414 sqftTiara - Diamond, Palm Jumeirah · completed 2009

P03, Tiara - Diamond

Sold prices and rental history: sold twice, last in March 2014, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit P03 · DLD and Ejari recordsUpdated 1 September 2023
Last soldAED 4M16 March 2014
Current rentAED 255K /yr1 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for P03, Tiara - Diamond

What is P03 worth today?

Last sold for AED 4,000,000 in 2014

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1 Sep 2023RentedNew contract
AED 255,000/yr12 months · AED 106 per sqft
1 Apr 2021RentedRenewal
AED 190,000/yr12 months · AED 79 per sqft
1 Apr 2018RentedNew contract
AED 225,000/yr12 months · AED 93 per sqft
16 Mar 2014SoldReady
AED 4,000,000AED 1,656 per sqft
9 Jul 2013Sold by developerReady
AED 3,112,555AED 1,289 per sqft

Source: Dubai Land Department. Updated 1 September 2023.

Key facts

Type
2-bed apartment
Size
2,414 sqft
Parking
1433, 1434
Developer
Zabeel Investments
Completed
2009
Service charge
AED 40,900 /yr
Last sold
AED 4M · March 2014
Building
Tiara - Diamond

About P03, Tiara - Diamond

P03 is a two-bedroom apartment of 2,414 sqft of Tiara - Diamond, a 12-storey tower in Palm Jumeirah completed in 2009 by Zabeel Investments. It last sold on 16 March 2014 for AED 4,000,000, or AED 1,656 per sqft, 17% below the AED 2,003 two-beds in the building were fetching at the time.

It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 1 September 2023, is AED 255,000 a year: a gross yield of 6.4% on the 2014 price, before the service charge of about AED 40,900 a year.

Sales and rents for P03 over time

Sales
Unit P03, 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, July 2013: AED 3,112,555 (AED 1,289 per sqft)Sold, March 2014: AED 4,000,000 (AED 1,656 per sqft)

P03 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit P03, 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, April 2018: AED 225,000 a yearRenewal, April 2021: AED 190,000 a yearNew contract, September 2023: AED 255,000 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 P03 sits

All 29 2-beds →

P03 last sold in March 2014 at AED 1,656 per sqft, 17% below what two-beds in Tiara - Diamond were fetching at the time (AED 2,003). P03's AED 255,000 is in the lower 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 →

P03, Tiara - Diamond in numbers

  • Sold twice: first on 9 July 2013 for AED 3,112,555, last on 16 March 2014 for AED 4,000,000 (AED 1,656 per sqft).
  • Rented since April 2018 on 3 Ejari contracts. The rent fell from AED 225,000 to AED 190,000 in 2021 and recovered to AED 255,000 by September 2023.
  • At AED 255,000 a year the gross yield on the 2014 price is 6.4%, before a service charge of about AED 40,900 a year (AED 16.94 per sqft).

Source: Dubai Land Department. Updated 1 September 2023.

Questions about P03, Tiara - Diamond

What did unit P03 last sell for?

AED 4,000,000 on 16 March 2014: AED 1,656 per sqft for 2,414 sqft. The unit has 2 registered sales; the first was AED 3,112,555 in July 2013.

What is the rent for unit P03?

AED 255,000 a year on the contract signed on 1 September 2023. The previous contract, from April 2021, was AED 190,000; the unit has been rented since April 2018.

How big is unit P03?

2,414 sqft (224.3 sqm): a two-bedroom apartment of a 12-storey tower completed in 2009.

What is unit P03 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 P03, Tiara - Diamond

Starts from the last sale price (AED 4M, 16 March 2014). Switch to today's estimate once you have unlocked it.
Price
AED 4,000,000
Deposit, UAE resident (20%)
AED 800,000
Deposit, non-resident (40%)
AED 1,600,000
Monthly over 25 years at 3.7%
AED 16,365

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →