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3-bed · 2,266 sqftTiara - Ruby, Palm Jumeirah · 5th floor · completed 2009

502, Tiara - Ruby

Sold prices and rental history: sold 4 times, last in March 2022, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502 · DLD and Ejari recordsUpdated 1 August 2024
Last soldAED 4.9M3 March 2022
Current rentAED 330K /yr1 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 502, Tiara - Ruby

What is 502 worth today?

Last sold for AED 4,900,000 in 2022

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1 Aug 2024RentedRenewal
AED 330,000/yr12 months · AED 145 per sqft
1 Aug 2023RentedRenewal
AED 315,000/yr12 months · AED 139 per sqft
1 Aug 2022RentedNew contract
AED 300,000/yr12 months · AED 132 per sqft
3 Mar 2022SoldReady
AED 4,900,000AED 2,162 per sqft
1 Apr 2021RentedRenewal
AED 215,000/yr12 months · AED 95 per sqft
1 Apr 2020RentedRenewal
AED 220,000/yr12 months · AED 97 per sqft
10 Mar 2015SoldReady
AED 6,360,000AED 2,806 per sqft
1 Mar 2015SoldReady
AED 4,113,252AED 1,815 per sqft

Source: Dubai Land Department. Updated 1 August 2024.

Key facts

Type
3-bed apartment
Size
2,266 sqft
Floor
5th of 12
Parking
2124, 2117
Developer
Zabeel Investments
Completed
2009
Service charge
AED 39,500 /yr
Last sold
AED 4.9M · March 2022
Building
Tiara - Ruby

About 502, Tiara - Ruby

502 is a three-bedroom apartment of 2,266 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 3 March 2022 for AED 4,900,000, or AED 2,162 per sqft.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 1 August 2024, is AED 330,000 a year: a gross yield of 6.7% on the 2022 price, before the service charge of about AED 39,500 a year.

Sales and rents for 502 over time

Sales
Unit 502, each saleTypical three-bed in Tiara - Ruby
4M6M2009201320172021Typical sale price by year: 2009 AED 3,865,265; 2010 AED 3,793,040; 2011 AED 3,942,040; 2013 AED 3,900,000; 2014 AED 6,400,000; 2019 AED 3,600,000; 2022 AED 4,900,000Sold by developer, December 2009: AED 4,113,252 (AED 1,815 per sqft)Sold, March 2015: AED 6,360,000 (AED 2,806 per sqft)Sold, March 2015: AED 4,113,252 (AED 1,815 per sqft)Sold, March 2022: AED 4,900,000 (AED 2,162 per sqft)

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

Rents
Unit 502, each contractTypical three-bed in Tiara - Ruby
200K300K2012201620202024Typical rent by year: 2012 AED 230,000; 2013 AED 265,000; 2014 AED 291,500; 2015 AED 290,000; 2016 AED 285,000; 2017 AED 270,000; 2018 AED 265,000; 2019 AED 227,500; 2020 AED 197,500; 2021 AED 215,000; 2022 AED 230,096; 2023 AED 310,000; 2024 AED 330,000; 2025 AED 327,750; 2026 AED 330,000Renewal, April 2020: AED 220,000 a yearRenewal, April 2021: AED 215,000 a yearNew contract, August 2022: AED 300,000 a yearRenewal, August 2023: AED 315,000 a yearRenewal, August 2024: AED 330,000 a year

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

3-beds in Tiara - Ruby, and where 502 sits

All 26 3-beds →

502's AED 330,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
27 Feb 20258,050,000
4 Jul 20246,200,000
19 Mar 20246,000,000
27 Apr 20236,385,000
0 3-bed sales 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
5012-bedAED 800K · Feb 2021
5031-bedAED 2.75M · Nov 2014
5041-bedAED 2.49M · Jul 2023
5053-bedAED 3.6M · Aug 2019
5062-bedAED 2.55M · Feb 2012

502, Tiara - Ruby in numbers

  • Sold 4 times: first on 10 December 2009 for AED 4,113,252, last on 3 March 2022 for AED 4,900,000 (AED 2,162 per sqft).
  • Rented since April 2020 on 5 Ejari contracts, from AED 220,000 to AED 330,000 a year.
  • At AED 330,000 a year the gross yield on the 2022 price is 6.7%, before a service charge of about AED 39,500 a year (AED 17.41 per sqft).

Source: Dubai Land Department. Updated 1 August 2024.

Questions about 502, Tiara - Ruby

What did unit 502 last sell for?

AED 4,900,000 on 3 March 2022: AED 2,162 per sqft for 2,266 sqft. The unit has 4 registered sales; the first was AED 4,113,252 in December 2009.

What is the rent for unit 502?

AED 330,000 a year on the contract renewed on 1 August 2024. The previous contract, from August 2023, was AED 315,000; the unit has been rented since April 2020.

How big is unit 502?

2,266 sqft (210.5 sqm): a three-bedroom apartment on the 5th floor of a 12-storey tower completed in 2009.

What is unit 502 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 502, Tiara - Ruby

Starts from the last sale price (AED 4.9M, 3 March 2022). Switch to today's estimate once you have unlocked it.
Price
AED 4,900,000
Deposit, UAE resident (20%)
AED 980,000
Deposit, non-resident (40%)
AED 1,960,000
Monthly over 25 years at 3.7%
AED 20,047

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