706, Tiara - Ruby
Sold prices and rental history: sold 3 times, last in January 2012, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 706, Tiara - Ruby
What is 706 worth today?
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Source: Dubai Land Department. Updated 1 June 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,677 sqft
- Floor
- 7th of 12
- Parking
- 1174
- Developer
- Zabeel Investments
- Completed
- 2009
- Service charge
- AED 29,200 /yr
- Last sold
- AED 2.7M · January 2012
- Building
- Tiara - Ruby
About 706, Tiara - Ruby
706 is a two-bedroom apartment of 1,677 sqft on the 7th floor of Tiara - Ruby, a 12-storey tower in Palm Jumeirah completed in 2009 by Zabeel Investments. It last sold on 9 January 2012 for AED 2,700,000, or AED 1,609 per sqft, in line with the AED 1,582 two-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, signed on 1 June 2024, is AED 260,701 a year: a gross yield of 9.7% on the 2012 price, before the service charge of about AED 29,200 a year.
Sales and rents for 706 over time
706 has sold 3 times; the dashed line is the two-bed median of each year in the building.
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 706 sits
All 29 2-beds →706 last sold in January 2012 at AED 1,609 per sqft, in line with what two-beds in Tiara - Ruby were fetching at the time (AED 1,582). 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 sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 14 Jan 202614 January 2026 | 1,677 sqft | 7,300,000 | 4,352 | ||
| 26 May 202326 May 2023 | 1,677 sqft | 4,600,000 | 2,742 | ||
| 20 Feb 202320 February 2023 | 1,677 sqft | 4,500,000 | 2,683 | ||
| 27 May 202227 May 2022 | 1,677 sqft | 4,260,000 | 2,540 |
Tiara - Ruby
Building79 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%
Other units on the 7th floor
All 79 units in Tiara - Ruby| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 2-bed | 1,677 sqft | AED 2.62MAED 2,618,800 · Dec 2012December 2012 | 215,000 /yr | |
| 702 | 3-bed | 2,266 sqft | AED 5.3MAED 5,295,000 · Apr 2013April 2013 | 340,000 /yr | |
| 703 | 1-bed | 1,296 sqft | AED 2.23MAED 2,230,000 · Nov 2021November 2021 | 200,000 /yr | |
| 704 | 1,296 sqft | AED 2.8MAED 2,800,000 · May 2015May 2015 | 145,200 /yr | ||
| 705 | 3-bed | 2,266 sqft | AED 3MAED 3,000,000 · Nov 2019November 2019 | 260,000 /yr |
706, Tiara - Ruby in numbers
- Sold 3 times: first on 11 March 2009 for AED 2,618,800, last on 9 January 2012 for AED 2,700,000 (AED 1,609 per sqft).
- Rented since September 2017 on 7 Ejari contracts. The rent fell from AED 210,000 to AED 165,000 in 2022 and recovered to AED 260,701 by June 2024.
- At AED 260,701 a year the gross yield on the 2012 price is 9.7%, before a service charge of about AED 29,200 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 1 June 2024.
Questions about 706, Tiara - Ruby
What did unit 706 last sell for?
AED 2,700,000 on 9 January 2012: AED 1,609 per sqft for 1,677 sqft. The unit has 3 registered sales; the first was AED 2,618,800 in March 2009.
What is the rent for unit 706?
AED 260,701 a year on the contract signed on 1 June 2024. The previous contract, from March 2023, was AED 260,000; the unit has been rented since September 2017.
How big is unit 706?
1,677 sqft (155.8 sqm): a two-bedroom apartment on the 7th floor of a 12-storey tower completed in 2009.
What is unit 706 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 706, Tiara - Ruby
Starts from the last sale price (AED 2.7M, 9 January 2012). 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 the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →