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2-bed · 839 sqftTiara - Ruby, Palm Jumeirah · 5th floor · completed 2009

501, Tiara - Ruby

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

Unit 501 · DLD and Ejari recordsUpdated 7 February 2021
Last soldAED 800K7 February 2021
Current rentAED 181K /yr18 December 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 501, Tiara - Ruby

What is 501 worth today?

Last sold for AED 800,000 in 2021

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7 Feb 2021SoldReady
AED 800,000AED 954 per sqft
18 Dec 2017RentedRenewal
AED 180,973/yr6 months · AED 108 per sqft
25 May 2016SoldReady
AED 1,000,000AED 1,192 per sqft
6 Jul 2009SoldOff-plan
AED 2,547,100AED 1,518 per sqft
21 Jan 2006Sold by developerOff-plan
AED 2,547,100AED 1,518 per sqft

Source: Dubai Land Department. Updated 7 February 2021.

Key facts

Type
2-bed apartment
Size
839 sqft
Floor
5th of 12
Parking
2308
Developer
Zabeel Investments
Completed
2009
Service charge
AED 14,600 /yr
Last sold
AED 800K · February 2021
Building
Tiara - Ruby

About 501, Tiara - Ruby

501 is a two-bedroom apartment of 839 sqft on the 5th floor of Tiara - Ruby, a 12-storey tower in Palm Jumeirah completed in 2009 by Zabeel Investments. It last sold on 7 February 2021 for AED 800,000, or AED 954 per sqft.

One Ejari contract is registered, from 18 December 2017. The current contract, renewed on 18 December 2017, is AED 180,973 a year: a gross yield of 22.6% on the 2021 price, before the service charge of about AED 14,600 a year.

Sales and rents for 501 over time

Sales
Unit 501, each saleTypical two-bed in Tiara - Ruby
2M4M2006201120162021Typical sale price by year: 2009 AED 2,600,055; 2010 AED 2,475,000; 2011 AED 2,672,650; 2012 AED 2,618,800; 2013 AED 3,300,000; 2014 AED 4,000,000; 2019 AED 3,100,000; 2021 AED 3,100,000; 2022 AED 4,000,000Sold by developer, January 2006: AED 2,547,100 (AED 1,518 per sqft)Sold, July 2009: AED 2,547,100 (AED 1,518 per sqft)Sold, May 2016: AED 1,000,000 (AED 1,192 per sqft)Sold, February 2021: AED 800,000 (AED 954 per sqft)

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

Rents
Unit 501, each contractTypical two-bed in Tiara - Ruby
200K250K2012201620202024Typical rent by year: 2012 AED 189,723; 2013 AED 195,000; 2014 AED 210,000; 2015 AED 220,000; 2016 AED 205,000; 2017 AED 205,000; 2018 AED 195,000; 2019 AED 172,500; 2020 AED 167,000; 2021 AED 172,500; 2022 AED 181,031; 2023 AED 245,000; 2024 AED 260,000; 2025 AED 231,500Renewal, December 2017: AED 180,973 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 - Ruby, and where 501 sits

All 29 2-beds →

Over the last 12 months two-beds sold for AED 7,300,000, around AED 4,352 per sqft, and rent for AED 194,252 to 285,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
14 Jan 20267,300,000
26 May 20234,600,000
20 Feb 20234,500,000
27 May 20224,260,000
1 2-bed sale in the last 12 months

Tiara - Ruby

Building

79 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 4,352
Typical sale
AED 7.3M
Typical rent
AED 194K /yr
Typical yield
3.2%
Tiara - Ruby, Palm Jumeirah: prices, sales and rents →

Other units on the 5th floor

All 79 units in Tiara - Ruby
Value
5023-bedAED 4.9M · Mar 2022
5031-bedAED 2.75M · Nov 2014
5041-bedAED 2.49M · Jul 2023
5053-bedAED 3.6M · Aug 2019
5062-bedAED 2.55M · Feb 2012

501, Tiara - Ruby in numbers

  • Sold 4 times: first on 21 January 2006 for AED 2,547,100, last on 7 February 2021 for AED 800,000 (AED 954 per sqft).
  • Rented since December 2017 on one Ejari contract, at AED 180,973 a year.
  • At AED 180,973 a year the gross yield on the 2021 price is 22.6%, before a service charge of about AED 14,600 a year (AED 17.41 per sqft).
  • Two-beds in Tiara - Ruby sold for AED 7,300,000–7,300,000 in the 12 months to November 2026; the building's median across all types is AED 4,352 per sqft.

Source: Dubai Land Department. Updated 7 February 2021.

Questions about 501, Tiara - Ruby

What did unit 501 last sell for?

AED 800,000 on 7 February 2021: AED 954 per sqft for 839 sqft. The unit has 4 registered sales; the first was AED 2,547,100 in January 2006.

What is the rent for unit 501?

AED 180,973 a year on the contract renewed on 18 December 2017.

How big is unit 501?

839 sqft (77.9 sqm): a two-bedroom apartment on the 5th floor of a 12-storey tower completed in 2009.

What is unit 501 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Tiara - Ruby sold for AED 7,300,000 to 7,300,000 in the last 12 months, around AED 4,352 per sqft.

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Mortgage on 501, Tiara - Ruby

Starts from the last sale price (AED 800K, 7 February 2021). Switch to today's estimate once you have unlocked it.
Price
AED 800,000
Deposit, UAE resident (20%)
AED 160,000
Deposit, non-resident (40%)
AED 320,000
Monthly over 25 years at 3.7%
AED 3,273

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