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2-bed · 1,677 sqftTiara - Diamond, Palm Jumeirah · 7th floor · completed 2009

706, Tiara - Diamond

Sold prices and rental history: sold 5 times, last in October 2021, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 706 · DLD and Ejari recordsUpdated 28 October 2021
Last soldAED 3.8M28 October 2021
Current rentAED 165K /yr2 November 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 706, Tiara - Diamond

What is 706 worth today?

Last sold for AED 3,800,000 in 2021

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28 Oct 2021SoldReady
AED 3,800,000AED 2,265 per sqft
2 Nov 2020RentedNew contract
AED 165,000/yr12 months · AED 98 per sqft
14 Mar 2020RentedRenewal
AED 185,000/yr12 months · AED 110 per sqft
14 Mar 2019RentedNew contract
AED 190,000/yr12 months · AED 113 per sqft
30 May 2012SoldReady
AED 3,350,000AED 1,997 per sqft
10 May 2012SoldReady
AED 3,463,455AED 2,065 per sqft
10 May 2012SoldReady
AED 2,950,000AED 1,759 per sqft
5 Mar 2009Sold by developerOff-plan
AED 3,463,455AED 2,065 per sqft

Source: Dubai Land Department. Updated 28 October 2021.

Key facts

Type
2-bed apartment
Size
1,677 sqft
Floor
7th of 12
Parking
1424,1429
Developer
Zabeel Investments
Completed
2009
Service charge
AED 28,400 /yr
Last sold
AED 3.8M · October 2021
Building
Tiara - Diamond

About 706, Tiara - Diamond

706 is a two-bedroom apartment of 1,677 sqft on the 7th floor of Tiara - Diamond, a 12-storey tower in Palm Jumeirah completed in 2009 by Zabeel Investments. It last sold on 28 October 2021 for AED 3,800,000, or AED 2,265 per sqft.

It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 2 November 2020, is AED 165,000 a year: a gross yield of 4.3% on the 2021 price, before the service charge of about AED 28,400 a year.

Sales and rents for 706 over time

Sales
Unit 706, 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 3,463,455 (AED 2,065 per sqft)Sold, May 2012: AED 3,350,000 (AED 1,997 per sqft)Sold, May 2012: AED 3,463,455 (AED 2,065 per sqft)Sold, May 2012: AED 2,950,000 (AED 1,759 per sqft)Sold, October 2021: AED 3,800,000 (AED 2,265 per sqft)

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

Rents
Unit 706, 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, March 2019: AED 190,000 a yearRenewal, March 2020: AED 185,000 a yearNew contract, November 2020: AED 165,000 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 - Diamond, and where 706 sits

All 30 2-beds →

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. 706's AED 165,000 is at the bottom 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 7th floor

All 77 units in Tiara - Diamond
Value
7012-bedAED 4.15M · Feb 2017
7023-bedAED 5.1M · Apr 2022
7031-bedAED 4.5M · Sep 2026
7041-bedAED 2.34M · Jan 2011
7053-bedAED 8M · Apr 2022

706, Tiara - Diamond in numbers

  • Sold 5 times: first on 5 March 2009 for AED 3,463,455, last on 28 October 2021 for AED 3,800,000 (AED 2,265 per sqft).
  • Rented since March 2019 on 3 Ejari contracts, from AED 190,000 to AED 165,000 a year.
  • At AED 165,000 a year the gross yield on the 2021 price is 4.3%, 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 28 October 2021.

Questions about 706, Tiara - Diamond

What did unit 706 last sell for?

AED 3,800,000 on 28 October 2021: AED 2,265 per sqft for 1,677 sqft. The unit has 5 registered sales; the first was AED 3,463,455 in March 2009.

What is the rent for unit 706?

AED 165,000 a year on the contract signed on 2 November 2020. The previous contract, from March 2020, was AED 185,000; the unit has been rented since March 2019.

How big is unit 706?

1,677 sqft (155.8 sqm): a two-bedroom apartment on the 7th floor of a 12-storey tower completed in 2009.

What is unit 706 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 706, Tiara - Diamond

Starts from the last sale price (AED 3.8M, 28 October 2021). Switch to today's estimate once you have unlocked it.
Price
AED 3,800,000
Deposit, UAE resident (20%)
AED 760,000
Deposit, non-resident (40%)
AED 1,520,000
Monthly over 25 years at 3.7%
AED 15,547

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