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3-bed · 2,266 sqftTiara - Ruby, Palm Jumeirah · 6th floor · completed 2009

602, Tiara - Ruby

Sold prices and rental history: sold once, by the developer in January 2013, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 602 · DLD and Ejari recordsUpdated 7 June 2024
Last soldAED 3.7M21 January 2013
Current rentAED 525K /yr7 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 602, Tiara - Ruby

What is 602 worth today?

Last sold for AED 3,700,000 in 2013

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7 Jun 2024RentedNew contract
AED 525,000/yr12 months · AED 231 per sqft
10 Feb 2014RentedNew contract
AED 310,000/yr36 months · AED 136 per sqft
21 Jan 2013Sold by developerReady
AED 3,700,000AED 1,632 per sqft

Source: Dubai Land Department. Updated 7 June 2024.

Key facts

Type
3-bed apartment
Size
2,266 sqft
Floor
6th of 12
Parking
2116, 2115
Developer
Zabeel Investments
Completed
2009
Service charge
AED 39,500 /yr
Last sold
AED 3.7M · January 2013
Building
Tiara - Ruby

About 602, Tiara - Ruby

602 is a three-bedroom apartment of 2,266 sqft on the 6th floor of Tiara - Ruby, a 12-storey tower in Palm Jumeirah completed in 2009 by Zabeel Investments. The developer sold it on 21 January 2013 for AED 3,700,000, or AED 1,632 per sqft, in line with the AED 1,632 three-beds in the building were fetching at the time.

It has been rented since 2014 on 2 Ejari contracts. The current contract, signed on 7 June 2024, is AED 525,000 a year: a gross yield of 14.2% on the 2013 price, before the service charge of about AED 39,500 a year.

Sales and rents for 602 over time

Sales
Unit 602, 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, January 2013: AED 3,700,000 (AED 1,632 per sqft)

602 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 602, each contractTypical three-bed in Tiara - Ruby
200K400K2012201620202024Typical 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 330,000New contract, February 2014: AED 310,000 a yearNew contract, June 2024: AED 525,000 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 602 sits

All 26 3-beds →

602 last sold in January 2013 at AED 1,632 per sqft, in line with what three-beds in Tiara - Ruby were fetching at the time (AED 1,632). 602's AED 525,000 is at the top 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 6th floor

All 79 units in Tiara - Ruby
Value
6012-bedAED 4.5M · Feb 2023
6031-bedAED 2.35M · Jun 2022
6041-bedAED 2.25M · Dec 2016
6053-bedAED 2.35M · Apr 2022
6062-bedAED 2.58M · Apr 2013

602, Tiara - Ruby in numbers

  • Sold once: by Zabeel Investments on 21 January 2013 for AED 3,700,000, or AED 1,632 per sqft.
  • Rented since February 2014 on 2 Ejari contracts, from AED 310,000 to AED 525,000 a year.
  • At AED 525,000 a year the gross yield on the 2013 price is 14.2%, before a service charge of about AED 39,500 a year (AED 17.41 per sqft).

Source: Dubai Land Department. Updated 7 June 2024.

Questions about 602, Tiara - Ruby

What did unit 602 last sell for?

AED 3,700,000 on 21 January 2013, sold by the developer: AED 1,632 per sqft for 2,266 sqft. It is the only registered sale of the unit.

What is the rent for unit 602?

AED 525,000 a year on the contract signed on 7 June 2024. The previous contract, from February 2014, was AED 310,000.

How big is unit 602?

2,266 sqft (210.5 sqm): a three-bedroom apartment on the 6th floor of a 12-storey tower completed in 2009.

What is unit 602 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 602, Tiara - Ruby

Starts from the last sale price (AED 3.7M, 21 January 2013). Switch to today's estimate once you have unlocked it.
Price
AED 3,700,000
Deposit, UAE resident (20%)
AED 740,000
Deposit, non-resident (40%)
AED 1,480,000
Monthly over 25 years at 3.7%
AED 15,138

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