1-bed · 1,296 sqftTiara - Emerald, Palm Jumeirah · 7th floor · completed 2009

703, Tiara - Emerald

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

Unit 703 · DLD and Ejari recordsUpdated 1 March 2024
Last soldAED 2.7M23 October 2014
Current rentAED 185K /yr1 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 703, Tiara - Emerald

What is 703 worth today?

Last sold for AED 2,700,000 in 2014

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1 Mar 2024RentedRenewal
AED 185,000/yr12 months · AED 143 per sqft
1 Mar 2023RentedNew contract
AED 175,000/yr12 months · AED 135 per sqft
26 Feb 2022RentedRenewal
AED 135,300/yr12 months · AED 105 per sqft
26 Feb 2021RentedNew contract
AED 123,000/yr12 months · AED 95 per sqft
20 Nov 2019RentedRenewal
AED 125,000/yr12 months · AED 97 per sqft
20 Nov 2018RentedNew contract
AED 130,000/yr12 months · AED 101 per sqft
15 Oct 2017RentedNew contract
AED 138,500/yr12 months · AED 107 per sqft
1 Oct 2016RentedNew contract
AED 145,000/yr12 months · AED 112 per sqft

Source: Dubai Land Department. Updated 1 March 2024.

Key facts

Type
1-bed apartment
Size
1,296 sqft
Floor
7th of 12
Parking
2009
Developer
Zabeel Investments
Completed
2009
Service charge
AED 22,600 /yr
Last sold
AED 2.7M · October 2014

About 703, Tiara - Emerald

703 is a one-bedroom apartment of 1,296 sqft on the 7th floor of Tiara - Emerald, a 12-storey tower in Palm Jumeirah completed in 2009 by Zabeel Investments. It last sold on 23 October 2014 for AED 2,700,000, or AED 2,083 per sqft, 45% above the AED 1,441 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 9 Ejari contracts. The current contract, renewed on 1 March 2024, is AED 185,000 a year: a gross yield of 6.9% on the 2014 price, before the service charge of about AED 22,600 a year.

Sales and rents for 703 over time

Sales
Unit 703, each saleTypical one-bed in Tiara - Emerald
2M4M2009201420192024Typical sale price by year: 2009 AED 1,763,520; 2011 AED 1,782,600; 2012 AED 1,481,871; 2013 AED 1,929,555; 2014 AED 2,306,210; 2015 AED 2,530,000; 2021 AED 1,650,000; 2022 AED 2,400,000; 2023 AED 3,100,000; 2024 AED 3,137,500; 2025 AED 3,900,000Sold by developer, February 2013: AED 1,939,555 (AED 1,496 per sqft)Sold, October 2014: AED 2,700,000 (AED 2,083 per sqft)

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

Rents
Unit 703, each contractTypical one-bed in Tiara - Emerald
100K150K2012201620202024Typical rent by year: 2012 AED 130,000; 2013 AED 140,000; 2014 AED 160,000; 2015 AED 157,058; 2016 AED 145,000; 2017 AED 145,000; 2018 AED 130,000; 2019 AED 125,000; 2020 AED 110,000; 2021 AED 110,000; 2022 AED 135,000; 2023 AED 140,000; 2024 AED 145,000; 2025 AED 150,000New contract, September 2014: AED 175,000 a yearNew contract, October 2016: AED 145,000 a yearNew contract, October 2017: AED 138,500 a yearNew contract, November 2018: AED 130,000 a yearRenewal, November 2019: AED 125,000 a yearNew contract, February 2021: AED 123,000 a yearRenewal, February 2022: AED 135,300 a yearNew contract, March 2023: AED 175,000 a yearRenewal, March 2024: AED 185,000 a year

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

1-beds in Tiara - Emerald, and where 703 sits

All 34 1-beds →

703 last sold in October 2014 at AED 2,083 per sqft, 45% above what one-beds in Tiara - Emerald were fetching at the time (AED 1,441). Over the last 12 months one-beds sold for AED 3,900,000 to 3,950,000, around AED 3,009 per sqft, and rent for AED 127,050 to 200,000 a year. 703's AED 185,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
9 Feb 20263,900,000
6 Feb 20263,900,000
15 Dec 20253,950,000
23 May 20253,900,000
3 1-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 7th floor

All 80 units in Tiara - Emerald
Value
7012-bedAED 2.9M · Jan 2013
7023-bedAED 3.79M · Sep 2013
7041-bedAED 1.94M · Feb 2013
7053-bedAED 3.8M · Sep 2012
7062-bedAED 3.9M · Dec 2021

703, Tiara - Emerald in numbers

  • Sold twice: first on 3 February 2013 for AED 1,939,555, last on 23 October 2014 for AED 2,700,000 (AED 2,083 per sqft).
  • Rented since September 2014 on 9 Ejari contracts. The rent fell from AED 175,000 to AED 123,000 in 2021 and recovered to AED 185,000 by March 2024.
  • At AED 185,000 a year the gross yield on the 2014 price is 6.9%, before a service charge of about AED 22,600 a year (AED 17.41 per sqft).
  • One-beds in Tiara - Emerald sold for AED 3,900,000–3,950,000 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 1 March 2024.

Questions about 703, Tiara - Emerald

What did unit 703 last sell for?

AED 2,700,000 on 23 October 2014: AED 2,083 per sqft for 1,296 sqft. The unit has 2 registered sales; the first was AED 1,939,555 in February 2013.

What is the rent for unit 703?

AED 185,000 a year on the contract renewed on 1 March 2024. The previous contract, from March 2023, was AED 175,000; the unit has been rented since September 2014.

How big is unit 703?

1,296 sqft (120.4 sqm): a one-bedroom apartment on the 7th floor of a 12-storey tower completed in 2009.

What is unit 703 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Tiara - Emerald sold for AED 3,900,000 to 3,950,000 in the last 12 months, around AED 3,009 per sqft.

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Mortgage on 703, Tiara - Emerald

Starts from the last sale price (AED 2.7M, 23 October 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,700,000
Deposit, UAE resident (20%)
AED 540,000
Deposit, non-resident (40%)
AED 1,080,000
Monthly over 25 years at 3.7%
AED 11,047

Plus AED 118,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →