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2-bed · 2,398 sqftTiara - Diamond, Palm Jumeirah · completed 2009

P02, Tiara - Diamond

Sold prices and rental history: sold twice, last in February 2022, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit P02 · DLD and Ejari recordsUpdated 31 October 2024
Last soldAED 5.2M18 February 2022
Current rentAED 210K /yr31 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for P02, Tiara - Diamond

What is P02 worth today?

Last sold for AED 5,200,000 in 2022

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31 Oct 2024RentedRenewal
AED 210,000/yr12 months · AED 88 per sqft
31 Oct 2023RentedRenewal
AED 210,000/yr12 months · AED 88 per sqft
31 Oct 2022RentedNew contract
AED 210,000/yr12 months · AED 87 per sqft
18 Feb 2022SoldReady
AED 5,200,000AED 2,168 per sqft
10 Nov 2016RentedNew contract
AED 366,500/yr12 months · AED 153 per sqft
8 Feb 2015Sold by developerReady
AED 4,361,555AED 1,818 per sqft

Source: Dubai Land Department. Updated 31 October 2024.

Key facts

Type
2-bed apartment
Size
2,398 sqft
Parking
1436, 1435
Developer
Zabeel Investments
Completed
2009
Service charge
AED 40,600 /yr
Last sold
AED 5.2M · February 2022
Building
Tiara - Diamond

About P02, Tiara - Diamond

P02 is a two-bedroom apartment of 2,398 sqft of Tiara - Diamond, a 12-storey tower in Palm Jumeirah completed in 2009 by Zabeel Investments. It last sold on 18 February 2022 for AED 5,200,000, or AED 2,168 per sqft, in line with the AED 2,147 two-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 4 Ejari contracts. The current contract, renewed on 31 October 2024, is AED 210,000 a year: a gross yield of 4.0% on the 2022 price, before the service charge of about AED 40,600 a year.

Sales and rents for P02 over time

Sales
Unit P02, 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, February 2015: AED 4,361,555 (AED 1,818 per sqft)Sold, February 2022: AED 5,200,000 (AED 2,168 per sqft)

P02 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit P02, each contractTypical two-bed in Tiara - Diamond
200K300K400K2012201620202024Typical 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, November 2016: AED 366,500 a yearNew contract, October 2022: AED 210,000 a yearRenewal, October 2023: AED 210,000 a yearRenewal, October 2024: AED 210,000 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 P02 sits

All 30 2-beds →

P02 last sold in February 2022 at AED 2,168 per sqft, in line with what two-beds in Tiara - Diamond were fetching at the time (AED 2,147). 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. P02's AED 210,000 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 →

P02, Tiara - Diamond in numbers

  • Sold twice: first on 8 February 2015 for AED 4,361,555, last on 18 February 2022 for AED 5,200,000 (AED 2,168 per sqft).
  • Rented since November 2016 on 4 Ejari contracts, from AED 366,500 to AED 210,000 a year.
  • At AED 210,000 a year the gross yield on the 2022 price is 4.0%, before a service charge of about AED 40,600 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 31 October 2024.

Questions about P02, Tiara - Diamond

What did unit P02 last sell for?

AED 5,200,000 on 18 February 2022: AED 2,168 per sqft for 2,398 sqft. The unit has 2 registered sales; the first was AED 4,361,555 in February 2015.

What is the rent for unit P02?

AED 210,000 a year on the contract renewed on 31 October 2024. The previous contract, from October 2023, was AED 210,000; the unit has been rented since November 2016.

How big is unit P02?

2,398 sqft (222.8 sqm): a two-bedroom apartment of a 12-storey tower completed in 2009.

What is unit P02 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 P02, Tiara - Diamond

Starts from the last sale price (AED 5.2M, 18 February 2022). Switch to today's estimate once you have unlocked it.
Price
AED 5,200,000
Deposit, UAE resident (20%)
AED 1,040,000
Deposit, non-resident (40%)
AED 2,080,000
Monthly over 25 years at 3.7%
AED 21,275

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