2-bed · 1,677 sqftTiara - Diamond, Palm Jumeirah · 3rd floor · completed 2009

301, Tiara - Diamond

Sold prices and rental history: sold twice, last in June 2011, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 301 · DLD and Ejari recordsUpdated 1 July 2022
Last soldAED 3.23M27 June 2011
Current rentAED 228K /yr1 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 301, Tiara - Diamond

What is 301 worth today?

Last sold for AED 3,233,846 in 2011

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1 Jul 2022RentedRenewal
AED 227,500/yr13 months · AED 135 per sqft
1 Jul 2021RentedRenewal
AED 178,000/yr12 months · AED 106 per sqft
1 Jul 2020RentedRenewal
AED 165,000/yr12 months · AED 98 per sqft
1 Jul 2019RentedRenewal
AED 190,000/yr12 months · AED 113 per sqft
1 Jul 2018RentedRenewal
AED 200,000/yr12 months · AED 119 per sqft
1 Jul 2017RentedRenewal
AED 210,000/yr12 months · AED 125 per sqft
1 Jul 2016RentedRenewal
AED 220,000/yr12 months · AED 131 per sqft
1 Jul 2015RentedRenewal
AED 220,000/yr12 months · AED 131 per sqft

Source: Dubai Land Department. Updated 1 July 2022.

Key facts

Type
2-bed apartment
Size
1,677 sqft
Floor
3rd of 12
Parking
1409
Developer
Zabeel Investments
Completed
2009
Service charge
AED 28,400 /yr
Last sold
AED 3.23M · June 2011

About 301, Tiara - Diamond

301 is a two-bedroom apartment of 1,677 sqft on the 3rd floor of Tiara - Diamond, a 12-storey tower in Palm Jumeirah completed in 2009 by Zabeel Investments. It last sold on 27 June 2011 for AED 3,233,846, or AED 1,928 per sqft, 8% above the AED 1,788 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, renewed on 1 July 2022, is AED 227,500 a year: a gross yield of 7.0% on the 2011 price, before the service charge of about AED 28,400 a year.

Sales and rents for 301 over time

Sales
Unit 301, each saleTypical two-bed in Tiara - Diamond
4M6M2009201420192024Typical sale price by year: 2009 AED 3,114,800; 2011 AED 2,993,906; 2012 AED 2,987,500; 2013 AED 3,500,000; 2014 AED 4,000,000; 2015 AED 4,361,555; 2019 AED 2,800,000; 2021 AED 3,650,000; 2022 AED 4,500,000; 2023 AED 4,800,000; 2025 AED 6,800,000Sold by developer, March 2009: AED 3,210,340 (AED 1,914 per sqft)Sold, June 2011: AED 3,233,846 (AED 1,928 per sqft)

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

Rents
Unit 301, each contractTypical two-bed in Tiara - Diamond
200K300K2012201620202024Typical rent by year: 2012 AED 200,000; 2013 AED 200,000; 2014 AED 215,500; 2015 AED 232,500; 2016 AED 232,500; 2017 AED 215,000; 2018 AED 200,000; 2019 AED 190,000; 2020 AED 171,000; 2021 AED 175,000; 2022 AED 202,500; 2023 AED 250,000; 2024 AED 280,000; 2025 AED 320,000; 2026 AED 260,000New contract, July 2013: AED 200,000 a yearNew contract, July 2014: AED 216,000 a yearRenewal, July 2015: AED 220,000 a yearRenewal, July 2016: AED 220,000 a yearRenewal, July 2017: AED 210,000 a yearRenewal, July 2018: AED 200,000 a yearRenewal, July 2019: AED 190,000 a yearRenewal, July 2020: AED 165,000 a yearRenewal, July 2021: AED 178,000 a yearRenewal, July 2022: AED 227,500 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 - Diamond, and where 301 sits

All 30 2-beds →

301 last sold in June 2011 at AED 1,928 per sqft, 8% above what two-beds in Tiara - Diamond were fetching at the time (AED 1,788). Over the last 12 months two-beds sold for AED 3,000,000, around AED 1,788 per sqft, and rent for AED 200,000 to 350,000 a year. 301's AED 227,500 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
25 Jun 20263,000,000
6 Nov 20256,800,000
22 May 20256,800,000
12 Mar 20256,350,000
1 2-bed sale in the last 12 months

Tiara - Diamond

Building

77 apartments, 1-bed to 4-bed over 12 floors in Palm Jumeirah, completed in 2009 by Zabeel Investments. 5 sold in the last 12 months.

Typical price per sqft
AED 3,395
Typical sale
AED 4.4M
Typical rent
AED 268K /yr
Typical yield
4.7%
Tiara - Diamond, Palm Jumeirah: prices, sales and rents →

Other units on the 3rd floor

All 77 units in Tiara - Diamond
Value
3023-bedAED 3.8M · Feb 2021
3031-bedAED 2.17M · May 2014
3041-bedAED 2.95M · Jan 2015
3053-bedAED 6.5M · Sep 2012
3062-bedAED 2.75M · Jun 2009

301, Tiara - Diamond in numbers

  • Sold twice: first on 2 March 2009 for AED 3,210,340, last on 27 June 2011 for AED 3,233,846 (AED 1,928 per sqft).
  • Rented since July 2013 on 10 Ejari contracts. The rent fell from AED 200,000 to AED 165,000 in 2020 and recovered to AED 227,500 by July 2022.
  • At AED 227,500 a year the gross yield on the 2011 price is 7.0%, before a service charge of about AED 28,400 a year (AED 16.94 per sqft).
  • Two-beds in Tiara - Diamond sold for AED 3,000,000–3,000,000 in the 12 months to November 2026; the building's median across all types is AED 3,395 per sqft.

Source: Dubai Land Department. Updated 1 July 2022.

Questions about 301, Tiara - Diamond

What did unit 301 last sell for?

AED 3,233,846 on 27 June 2011: AED 1,928 per sqft for 1,677 sqft. The unit has 2 registered sales; the first was AED 3,210,340 in March 2009.

What is the rent for unit 301?

AED 227,500 a year on the contract renewed on 1 July 2022. The previous contract, from July 2021, was AED 178,000; the unit has been rented since July 2013.

How big is unit 301?

1,677 sqft (155.8 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 - Diamond sold for AED 3,000,000 to 3,000,000 in the last 12 months, around AED 1,788 per sqft.

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Mortgage on 301, Tiara - Diamond

Starts from the last sale price (AED 3.23M, 27 June 2011). Switch to today's estimate once you have unlocked it.
Price
AED 3,233,846
Deposit, UAE resident (20%)
AED 646,769
Deposit, non-resident (40%)
AED 1,293,538
Monthly over 25 years at 3.7%
AED 13,231

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