503, Tiara - Tanzanite
Sold prices and rental history: sold twice, last in November 2012, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 503, Tiara - Tanzanite
What is 503 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 28 March 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 1,299 sqft
- Floor
- 5th of 12
- Parking
- 2483
- Developer
- Zabeel Investments
- Completed
- 2009
- Service charge
- AED 22,600 /yr
- Last sold
- AED 2.18M · November 2012
- Building
- Tiara - Tanzanite
About 503, Tiara - Tanzanite
503 is a one-bedroom apartment of 1,299 sqft on the 5th floor of Tiara - Tanzanite, a 12-storey tower in Palm Jumeirah completed in 2009 by Zabeel Investments. It last sold on 28 November 2012 for AED 2,175,231, or AED 1,674 per sqft, in line with the AED 1,674 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, renewed on 28 March 2023, is AED 135,000 a year: a gross yield of 6.2% on the 2012 price, before the service charge of about AED 22,600 a year.
Sales and rents for 503 over time
503 has sold twice; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Tiara - Tanzanite, and where 503 sits
All 33 1-beds →503 last sold in November 2012 at AED 1,674 per sqft, in line with what one-beds in Tiara - Tanzanite were fetching at the time (AED 1,674). Over the last 12 months one-beds sold for AED 3,950,000, around AED 3,040 per sqft, and rent for AED 190,000 to 200,000 a year. 503's AED 135,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 13 Feb 202613 February 2026 | 1,299 sqft | 3,950,000 | 3,040 | ||
| 12 Dec 202312 December 2023 | 1,299 sqft | 3,150,000 | 2,424 | ||
| 14 Nov 202314 November 2023 | 1,299 sqft | 2,900,000 | 2,232 | ||
| 27 Oct 202327 October 2023 | 1,296 sqft | 3,000,000 | 2,314 |
Tiara - Tanzanite
Building79 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%
Other units on the 5th floor
All 79 units in Tiara - Tanzanite| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,677 sqft | AED 2.68MAED 2,677,568 · May 2010May 2010 | 240,000 /yr | |
| 502 | 3-bed | 2,266 sqft | AED 3.9MAED 3,900,000 · Apr 2013April 2013 | ||
| 504 | 1-bed | 1,296 sqft | AED 2.18MAED 2,175,231 · Sep 2011September 2011 | 135,000 /yr | |
| 505 | 3-bed | 2,392 sqft | AED 4.85MAED 4,850,000 · Apr 2021April 2021 | 260,000 /yr | |
| 506 | 2-bed | 1,677 sqft | AED 3.02MAED 3,018,628 · May 2016May 2016 | 184,000 /yr |
503, Tiara - Tanzanite in numbers
- Sold twice: first on 20 May 2010 for AED 2,175,231, last on 28 November 2012 for AED 2,175,231 (AED 1,674 per sqft).
- Rented since October 2014 on 5 Ejari contracts, from AED 130,000 to AED 135,000 a year.
- At AED 135,000 a year the gross yield on the 2012 price is 6.2%, before a service charge of about AED 22,600 a year (AED 17.41 per sqft).
- One-beds in Tiara - Tanzanite sold for AED 3,950,000–3,950,000 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 28 March 2023.
Questions about 503, Tiara - Tanzanite
What did unit 503 last sell for?
AED 2,175,231 on 28 November 2012: AED 1,674 per sqft for 1,299 sqft. The unit has 2 registered sales; the first was AED 2,175,231 in May 2010.
What is the rent for unit 503?
AED 135,000 a year on the contract renewed on 28 March 2023. The previous contract, from March 2020, was AED 120,000; the unit has been rented since October 2014.
How big is unit 503?
1,299 sqft (120.7 sqm): a one-bedroom apartment on the 5th floor of a 12-storey tower completed in 2009.
What is unit 503 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Tiara - Tanzanite sold for AED 3,950,000 to 3,950,000 in the last 12 months, around AED 3,040 per sqft.
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Mortgage on 503, Tiara - Tanzanite
Starts from the last sale price (AED 2.18M, 28 November 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 2,175,231
- Deposit, UAE resident (20%)
- AED 435,046
- Deposit, non-resident (40%)
- AED 870,092
- Monthly over 25 years at 3.7%
- AED 8,900
Plus AED 96,369 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →