2-bed · 526 sqftTiara - Tanzanite, Palm Jumeirah · 3rd floor · completed 2009

301, Tiara - Tanzanite

Sold prices and rental history: sold once, by the developer in July 2011, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 301 · DLD and Ejari recordsUpdated 11 August 2019
Last soldAED 2.45M20 July 2011
Current rentAED 180K /yr11 August 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 301, Tiara - Tanzanite

What is 301 worth today?

Last sold for AED 2,450,000 in 2011

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11 Aug 2019RentedRenewal
AED 180,000/yr12 months · AED 107 per sqft
11 Aug 2018RentedNew contract
AED 190,000/yr12 months · AED 113 per sqft
10 Aug 2017RentedRenewal
AED 195,000/yr12 months · AED 116 per sqft
10 Aug 2016RentedRenewal
AED 195,000/yr12 months · AED 116 per sqft
10 Aug 2015RentedNew contract
AED 195,000/yr12 months · AED 116 per sqft
1 Mar 2014RentedNew contract
AED 200,000/yr12 months · AED 119 per sqft
20 Jul 2011Sold by developerReady
AED 2,450,000AED 1,460 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 11 August 2019.

Key facts

Type
2-bed apartment
Size
526 sqft
Floor
3rd of 12
Parking
1349
Developer
Zabeel Investments
Completed
2009
Service charge
AED 9,200 /yr
Last sold
AED 2.45M · July 2011

About 301, Tiara - Tanzanite

301 is a two-bedroom apartment of 526 sqft on the 3rd floor of Tiara - Tanzanite, a 12-storey tower in Palm Jumeirah completed in 2009 by Zabeel Investments. The developer sold it on 20 July 2011 for AED 2,450,000, or AED 1,460 per sqft, in line with the AED 1,490 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, renewed on 11 August 2019, is AED 180,000 a year: a gross yield of 7.3% on the 2011 price, before the service charge of about AED 9,200 a year.

Sales and rents for 301 over time

Sales
Unit 301, each saleTypical two-bed in Tiara - Tanzanite
2M3M4M2009201420192024Typical sale price by year: 2009 AED 3,052,900; 2011 AED 2,785,200; 2012 AED 2,710,000; 2013 AED 2,922,278; 2016 AED 3,019,467; 2019 AED 2,325,000; 2021 AED 2,205,000; 2022 AED 3,700,000; 2023 AED 4,200,000; 2025 AED 4,250,000Sold by developer, July 2011: AED 2,450,000 (AED 1,460 per sqft)

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

Rents
Unit 301, each contractTypical two-bed in Tiara - Tanzanite
150K200K2013201720212025Typical rent by year: 2013 AED 200,000; 2014 AED 200,000; 2015 AED 200,000; 2016 AED 187,463; 2017 AED 180,000; 2018 AED 182,500; 2019 AED 165,000; 2020 AED 143,125; 2021 AED 142,500; 2022 AED 175,000; 2023 AED 170,000; 2024 AED 185,000; 2025 AED 230,000New contract, March 2014: AED 200,000 a yearNew contract, August 2015: AED 195,000 a yearRenewal, August 2016: AED 195,000 a yearRenewal, August 2017: AED 195,000 a yearNew contract, August 2018: AED 190,000 a yearRenewal, August 2019: AED 180,000 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 - Tanzanite, and where 301 sits

All 29 2-beds →

301 last sold in July 2011 at AED 1,460 per sqft, in line with what two-beds in Tiara - Tanzanite were fetching at the time (AED 1,490). Over the last 12 months two-beds sold for AED 5,750,000 to 6,300,000, around AED 3,592 per sqft, and rent for AED 290,000 to 290,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
5 Feb 20266,300,000
5 Jan 20265,750,000
11 Jun 20254,100,000
26 May 20255,000,000
2 2-bed sales in the last 12 months

Tiara - Tanzanite

Building

79 apartments, 1-bed to 3-bed over 12 floors in Palm Jumeirah, completed in 2009 by Zabeel Investments. 3 sold in the last 12 months.

Typical price per sqft
AED 3,428
Typical sale
AED 5.75M
Typical rent
AED 200K /yr
Typical yield
4.3%
Tiara - Tanzanite, Palm Jumeirah: prices, sales and rents →

Other units on the 3rd floor

All 79 units in Tiara - Tanzanite
Value
302AED 4.2M · Jun 2023
3031-bedAED 2.9M · Nov 2023
3041-bedAED 3.15M · May 2014
3053-bedAED 4.44M · Jan 2011
3062-bedAED 4.2M · Oct 2023

301, Tiara - Tanzanite in numbers

  • Sold once: by Zabeel Investments on 20 July 2011 for AED 2,450,000, or AED 1,460 per sqft.
  • Rented since March 2014 on 6 Ejari contracts, from AED 200,000 to AED 180,000 a year.
  • At AED 180,000 a year the gross yield on the 2011 price is 7.3%, before a service charge of about AED 9,200 a year (AED 17.41 per sqft).
  • Two-beds in Tiara - Tanzanite sold for AED 5,750,000–6,300,000 in the 12 months to November 2026; the building's median across all types is AED 3,428 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 11 August 2019.

Questions about 301, Tiara - Tanzanite

What did unit 301 last sell for?

AED 2,450,000 on 20 July 2011, sold by the developer: AED 1,460 per sqft for 526 sqft. It is the only registered sale of the unit.

What is the rent for unit 301?

AED 180,000 a year on the contract renewed on 11 August 2019. The previous contract, from August 2018, was AED 190,000; the unit has been rented since March 2014.

How big is unit 301?

526 sqft (48.9 sqm): a two-bedroom apartment on the 3rd floor of a 12-storey tower completed in 2009.

What is unit 301 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Tiara - Tanzanite sold for AED 5,750,000 to 6,300,000 in the last 12 months, around AED 3,592 per sqft.

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Mortgage on 301, Tiara - Tanzanite

Starts from the last sale price (AED 2.45M, 20 July 2011). Switch to today's estimate once you have unlocked it.
Price
AED 2,450,000
Deposit, UAE resident (20%)
AED 490,000
Deposit, non-resident (40%)
AED 980,000
Monthly over 25 years at 3.7%
AED 10,024

Plus AED 107,910 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →