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

505, Tiara - Aquamarine

Sold prices and rental history: sold 3 times, last in May 2020, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 505 · DLD and Ejari recordsUpdated 4 May 2020
Last soldAED 3.4M4 May 2020
Current rentAED 280K /yr1 October 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 505, Tiara - Aquamarine

What is 505 worth today?

Last sold for AED 3,400,000 in 2020

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4 May 2020SoldReady
AED 3,400,000AED 1,500 per sqft
1 Oct 2017RentedNew contract
AED 280,000/yr24 months · AED 123 per sqft
1 Oct 2016RentedNew contract
AED 295,000/yr12 months · AED 130 per sqft
1 Oct 2015RentedRenewal
AED 310,000/yr12 months · AED 136 per sqft
1 Oct 2014RentedRenewal
AED 310,000/yr12 months · AED 136 per sqft
11 Dec 2013SoldReady
AED 4,335,000AED 1,913 per sqft
1 Oct 2013RentedNew contract
AED 310,000/yr12 months · AED 136 per sqft
26 Jul 2009Sold by developerOff-plan
AED 4,335,000AED 1,913 per sqft

Source: Dubai Land Department. Updated 4 May 2020.

Key facts

Type
3-bed apartment
Size
2,266 sqft
Floor
5th of 12
Parking
1247, 1236
Developer
Zabeel Investments
Completed
2009
Service charge
AED 39,500 /yr
Last sold
AED 3.4M · May 2020
Building
Tiara - Aquamarine

About 505, Tiara - Aquamarine

505 is a three-bedroom apartment of 2,266 sqft on the 5th floor of Tiara - Aquamarine, a 12-storey tower in Palm Jumeirah completed in 2009 by Zabeel Investments. It last sold on 4 May 2020 for AED 3,400,000, or AED 1,500 per sqft.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, signed on 1 October 2017, is AED 280,000 a year: a gross yield of 8.2% on the 2020 price, before the service charge of about AED 39,500 a year.

Sales and rents for 505 over time

Sales
Unit 505, each saleTypical three-bed in Tiara - Aquamarine
5M7.5M20092013201720212025Typical sale price by year: 2009 AED 4,037,388; 2010 AED 4,222,395; 2011 AED 4,093,655; 2012 AED 3,840,560; 2013 AED 4,728,225; 2014 AED 5,400,000; 2015 AED 5,850,000; 2021 AED 4,557,500; 2024 AED 8,042,500Sold by developer, July 2009: AED 4,335,000 (AED 1,913 per sqft)Sold, December 2013: AED 4,335,000 (AED 1,913 per sqft)Sold, May 2020: AED 3,400,000 (AED 1,500 per sqft)

505 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 505, each contractTypical three-bed in Tiara - Aquamarine
200K300K2013201720212025Typical rent by year: 2013 AED 260,000; 2014 AED 290,000; 2015 AED 280,755; 2016 AED 280,000; 2017 AED 277,500; 2018 AED 250,000; 2019 AED 232,000; 2020 AED 215,000; 2021 AED 212,500; 2022 AED 227,500; 2023 AED 275,000; 2024 AED 342,500; 2025 AED 349,491; 2026 AED 360,000New contract, October 2013: AED 310,000 a yearRenewal, October 2014: AED 310,000 a yearRenewal, October 2015: AED 310,000 a yearNew contract, October 2016: AED 295,000 a yearNew contract, October 2017: AED 280,000 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 - Aquamarine, and where 505 sits

All 26 3-beds →

Over the last 12 months three-beds sold for AED 10,000,000, around AED 4,413 per sqft, and rent for AED 320,000 to 490,000 a year. 505's AED 280,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
1 Jul 202610,000,000
28 Nov 20247,985,000
7 Nov 20247,500,000
30 Oct 20248,100,000
1 3-bed sale in the last 12 months

Tiara - Aquamarine

Building

76 apartments, 1-bed to 4-bed over 12 floors in Palm Jumeirah, completed in 2009 by Zabeel Investments. 4 sold in the last 12 months.

Typical price per sqft
AED 3,530
Typical sale
AED 4.58M
Typical rent
AED 245K /yr
Typical yield
4.4%
Tiara - Aquamarine, Palm Jumeirah: prices, sales and rents →

Other units on the 5th floor

All 76 units in Tiara - Aquamarine
Value
5012-bedAED 4.25M · May 2023
5023-bedAED 8.1M · Oct 2024
5031-bedAED 4.05M · Nov 2025
5041-bedAED 3.1M · Mar 2023
5062-bedAED 2.6M · Dec 2020

505, Tiara - Aquamarine in numbers

  • Sold 3 times: first on 26 July 2009 for AED 4,335,000, last on 4 May 2020 for AED 3,400,000 (AED 1,500 per sqft).
  • Rented since October 2013 on 5 Ejari contracts, from AED 310,000 to AED 280,000 a year.
  • At AED 280,000 a year the gross yield on the 2020 price is 8.2%, before a service charge of about AED 39,500 a year (AED 17.41 per sqft).
  • Three-beds in Tiara - Aquamarine sold for AED 10,000,000–10,000,000 in the 12 months to November 2026; the building's median across all types is AED 3,530 per sqft.

Source: Dubai Land Department. Updated 4 May 2020.

Questions about 505, Tiara - Aquamarine

What did unit 505 last sell for?

AED 3,400,000 on 4 May 2020: AED 1,500 per sqft for 2,266 sqft. The unit has 3 registered sales; the first was AED 4,335,000 in July 2009.

What is the rent for unit 505?

AED 280,000 a year on the contract signed on 1 October 2017. The previous contract, from October 2016, was AED 295,000; the unit has been rented since October 2013.

How big is unit 505?

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 505 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Tiara - Aquamarine sold for AED 10,000,000 to 10,000,000 in the last 12 months, around AED 4,413 per sqft.

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Mortgage on 505, Tiara - Aquamarine

Starts from the last sale price (AED 3.4M, 4 May 2020). Switch to today's estimate once you have unlocked it.
Price
AED 3,400,000
Deposit, UAE resident (20%)
AED 680,000
Deposit, non-resident (40%)
AED 1,360,000
Monthly over 25 years at 3.7%
AED 13,910

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