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3-bed · 2,266 sqftTiara - Diamond, Palm Jumeirah · 6th floor · completed 2009

602, Tiara - Diamond

Sold prices and rental history: sold 5 times, last in May 2023, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 602 · DLD and Ejari recordsUpdated 24 May 2023
Last soldAED 7M24 May 2023
Current rentAED 200K /yr20 March 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 602, Tiara - Diamond

What is 602 worth today?

Last sold for AED 7,000,000 in 2023

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24 May 2023SoldReady
AED 7,000,000AED 3,089 per sqft
20 Mar 2021RentedNew contract
AED 200,000/yr12 months · AED 88 per sqft
20 Mar 2020RentedNew contract
AED 200,000/yr12 months · AED 88 per sqft
1 May 2018RentedRenewal
AED 285,000/yr12 months · AED 125 per sqft
8 Sep 2017RentedNew contract
AED 283,519/yr8 months · AED 125 per sqft
8 Sep 2016RentedNew contract
AED 285,000/yr12 months · AED 125 per sqft
23 Apr 2016RentedRenewal
AED 315,000/yr12 months · AED 139 per sqft
28 Apr 2015SoldReady
AED 6,160,000AED 2,718 per sqft

Source: Dubai Land Department. Updated 24 May 2023.

Key facts

Type
3-bed apartment
Size
2,266 sqft
Floor
6th of 12
Parking
2421, 2420
Developer
Zabeel Investments
Completed
2009
Service charge
AED 38,400 /yr
Last sold
AED 7M · May 2023
Building
Tiara - Diamond

About 602, Tiara - Diamond

602 is a three-bedroom apartment of 2,266 sqft on the 6th floor of Tiara - Diamond, a 12-storey tower in Palm Jumeirah completed in 2009 by Zabeel Investments. It last sold on 24 May 2023 for AED 7,000,000, or AED 3,089 per sqft.

It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, signed on 20 March 2021, is AED 200,000 a year: a gross yield of 2.9% on the 2023 price, before the service charge of about AED 38,400 a year.

Sales and rents for 602 over time

Sales
Unit 602, each saleTypical three-bed in Tiara - Diamond
5M20092013201720212025Typical sale price by year: 2009 AED 4,207,434; 2010 AED 4,600,000; 2011 AED 4,227,000; 2012 AED 3,954,050; 2013 AED 4,398,300; 2015 AED 6,200,555; 2021 AED 3,800,000; 2022 AED 5,200,000; 2023 AED 7,000,000; 2024 AED 8,100,000Sold by developer, March 2009: AED 2,056,350 (AED 907 per sqft)Sold, January 2012: AED 2,072,055 (AED 914 per sqft)Sold, March 2013: AED 4,200,000 (AED 1,853 per sqft)Sold, April 2015: AED 6,160,000 (AED 2,718 per sqft)Sold, May 2023: AED 7,000,000 (AED 3,089 per sqft)

602 has sold 5 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 602, each contractTypical three-bed in Tiara - Diamond
200K400K2013201720212025Typical rent by year: 2013 AED 280,000; 2014 AED 280,000; 2015 AED 289,000; 2016 AED 212,500; 2017 AED 280,000; 2018 AED 260,000; 2019 AED 247,500; 2020 AED 209,454; 2021 AED 212,500; 2022 AED 252,000; 2023 AED 297,500; 2024 AED 395,000; 2025 AED 485,000; 2026 AED 400,000New contract, April 2015: AED 315,000 a yearRenewal, April 2016: AED 315,000 a yearNew contract, September 2016: AED 285,000 a yearNew contract, September 2017: AED 283,519 a yearRenewal, May 2018: AED 285,000 a yearNew contract, March 2020: AED 200,000 a yearNew contract, March 2021: AED 200,000 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 - Diamond, and where 602 sits

All 24 3-beds →

602's AED 200,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
10 Dec 20248,000,000
9 Jan 20248,300,000
8 Jan 20248,100,000
8 Jan 20248,100,000
0 3-bed sales 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 6th floor

All 77 units in Tiara - Diamond
Value
6012-bedAED 2.97M · Jan 2011
6031-bedAED 2.75M · Oct 2013
6041-bedAED 4.25M · Jan 2025
6053-bedAED 4.11M · Jan 2011
6062-bedAED 2.8M · Sep 2011

602, Tiara - Diamond in numbers

  • Sold 5 times: first on 4 March 2009 for AED 2,056,350, last on 24 May 2023 for AED 7,000,000 (AED 3,089 per sqft).
  • Rented since April 2015 on 7 Ejari contracts, from AED 315,000 to AED 200,000 a year.
  • At AED 200,000 a year the gross yield on the 2023 price is 2.9%, before a service charge of about AED 38,400 a year (AED 16.94 per sqft).

Source: Dubai Land Department. Updated 24 May 2023.

Questions about 602, Tiara - Diamond

What did unit 602 last sell for?

AED 7,000,000 on 24 May 2023: AED 3,089 per sqft for 2,266 sqft. The unit has 5 registered sales; the first was AED 2,056,350 in March 2009.

What is the rent for unit 602?

AED 200,000 a year on the contract signed on 20 March 2021. The previous contract, from March 2020, was AED 200,000; the unit has been rented since April 2015.

How big is unit 602?

2,266 sqft (210.5 sqm): a three-bedroom apartment on the 6th floor of a 12-storey tower completed in 2009.

What is unit 602 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 602, Tiara - Diamond

Starts from the last sale price (AED 7M, 24 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 7,000,000
Deposit, UAE resident (20%)
AED 1,400,000
Deposit, non-resident (40%)
AED 2,800,000
Monthly over 25 years at 3.7%
AED 28,639

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