2-bed · 1,677 sqftTiara - Emerald, Palm Jumeirah · 4th floor · completed 2009

401, Tiara - Emerald

Sold prices and rental history: sold 5 times, last in April 2013, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 401 · DLD and Ejari recordsUpdated 2 March 2024
Last soldAED 2.2M15 April 2013
Current rentAED 250K /yr2 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 401, Tiara - Emerald

What is 401 worth today?

Last sold for AED 2,200,000 in 2013

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2 Mar 2024RentedNew contract
AED 250,000/yr12 months · AED 149 per sqft
1 Dec 2022RentedNew contract
AED 245,000/yr12 months · AED 146 per sqft
28 Oct 2020RentedNew contract
AED 162,000/yr12 months · AED 96 per sqft
20 Apr 2020RentedRenewal
AED 175,000/yr6 months · AED 104 per sqft
20 Apr 2019RentedNew contract
AED 190,000/yr12 months · AED 113 per sqft
20 Apr 2017RentedNew contract
AED 200,000/yr12 months · AED 119 per sqft
15 Feb 2015RentedNew contract
AED 220,000/yr12 months · AED 131 per sqft
15 Feb 2014RentedNew contract
AED 220,000/yr12 months · AED 131 per sqft

Source: Dubai Land Department. Updated 2 March 2024.

Key facts

Type
2-bed apartment
Size
1,677 sqft
Floor
4th of 12
Parking
2079
Developer
Zabeel Investments
Completed
2009
Service charge
AED 29,200 /yr
Last sold
AED 2.2M · April 2013

About 401, Tiara - Emerald

401 is a two-bedroom apartment of 1,677 sqft on the 4th floor of Tiara - Emerald, a 12-storey tower in Palm Jumeirah completed in 2009 by Zabeel Investments. It last sold on 15 April 2013 for AED 2,200,000, or AED 1,311 per sqft, 15% below the AED 1,550 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, signed on 2 March 2024, is AED 250,000 a year: a gross yield of 11.4% on the 2013 price, before the service charge of about AED 29,200 a year.

Sales and rents for 401 over time

Sales
Unit 401, each saleTypical two-bed in Tiara - Emerald
2M4M2009201320172021Typical sale price by year: 2009 AED 1,886,375; 2010 AED 2,604,750; 2011 AED 2,583,000; 2012 AED 2,650,000; 2013 AED 2,895,784; 2014 AED 3,200,000; 2022 AED 4,000,000; 2023 AED 4,100,000Sold by developer, January 2010: AED 2,626,500 (AED 1,566 per sqft)Sold, January 2010: AED 2,626,500 (AED 1,566 per sqft)Sold, June 2011: AED 2,626,500 (AED 1,566 per sqft)Sold, April 2012: AED 2,550,000 (AED 1,520 per sqft)Sold, April 2013: AED 2,200,000 (AED 1,311 per sqft)

401 has sold 5 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 401, each contractTypical two-bed in Tiara - Emerald
150K200K250K2013201720212025Typical rent by year: 2013 AED 187,500; 2014 AED 220,000; 2015 AED 220,000; 2016 AED 199,275; 2017 AED 200,000; 2018 AED 192,500; 2019 AED 175,000; 2020 AED 155,000; 2021 AED 157,500; 2022 AED 178,220; 2023 AED 252,500; 2024 AED 250,000; 2025 AED 242,500New contract, April 2013: AED 180,000 a yearNew contract, February 2014: AED 220,000 a yearNew contract, February 2015: AED 220,000 a yearNew contract, April 2017: AED 200,000 a yearNew contract, April 2019: AED 190,000 a yearRenewal, April 2020: AED 175,000 a yearNew contract, October 2020: AED 162,000 a yearNew contract, December 2022: AED 245,000 a yearNew contract, March 2024: AED 250,000 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 - Emerald, and where 401 sits

All 29 2-beds →

401 last sold in April 2013 at AED 1,311 per sqft, 15% below what two-beds in Tiara - Emerald were fetching at the time (AED 1,550). Over the last 12 months two-beds sold for AED 5,800,000 to 6,900,000, around AED 3,258 per sqft, and rent for AED 275,000 to 280,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
23 Jan 20265,800,000
8 Jul 20255,450,000
13 Jun 20245,500,000
5 Jul 20234,500,000
2 2-bed sales in the last 12 months

Tiara - Emerald

Building

80 apartments, 1-bed to 4-bed over 12 floors in Palm Jumeirah, completed in 2009 by Zabeel Investments. 5 sold in the last 12 months.

Typical price per sqft
AED 3,009
Typical sale
AED 3.95M
Typical rent
AED 200K /yr
Typical yield
5.1%
Tiara - Emerald, Palm Jumeirah: prices, sales and rents →

Other units on the 4th floor

All 80 units in Tiara - Emerald
Value
4023-bedAED 3.62M · Jul 2013
4031-bedAED 2.4M · Nov 2022
4041-bedAED 1.28M · Jul 2023
4053-bedAED 6.64M · Mar 2009
4062-bedAED 2.46M · Mar 2011

401, Tiara - Emerald in numbers

  • Sold 5 times: first on 12 January 2010 for AED 2,626,500, last on 15 April 2013 for AED 2,200,000 (AED 1,311 per sqft).
  • Rented since April 2013 on 9 Ejari contracts, from AED 180,000 to AED 250,000 a year.
  • At AED 250,000 a year the gross yield on the 2013 price is 11.4%, before a service charge of about AED 29,200 a year (AED 17.41 per sqft).
  • Two-beds in Tiara - Emerald sold for AED 5,800,000–6,900,000 in the 12 months to November 2026; the building's median across all types is AED 3,009 per sqft.

Source: Dubai Land Department. Updated 2 March 2024.

Questions about 401, Tiara - Emerald

What did unit 401 last sell for?

AED 2,200,000 on 15 April 2013: AED 1,311 per sqft for 1,677 sqft. The unit has 5 registered sales; the first was AED 2,626,500 in January 2010.

What is the rent for unit 401?

AED 250,000 a year on the contract signed on 2 March 2024. The previous contract, from December 2022, was AED 245,000; the unit has been rented since April 2013.

How big is unit 401?

1,677 sqft (155.8 sqm): a two-bedroom apartment on the 4th floor of a 12-storey tower completed in 2009.

What is unit 401 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Tiara - Emerald sold for AED 5,800,000 to 6,900,000 in the last 12 months, around AED 3,258 per sqft.

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Mortgage on 401, Tiara - Emerald

Starts from the last sale price (AED 2.2M, 15 April 2013). Switch to today's estimate once you have unlocked it.
Price
AED 2,200,000
Deposit, UAE resident (20%)
AED 440,000
Deposit, non-resident (40%)
AED 880,000
Monthly over 25 years at 3.7%
AED 9,001

Plus AED 97,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →