2-bed · 1,677 sqftTiara - Emerald, Palm Jumeirah · 4th floor · completed 2009

406, Tiara - Emerald

Sold prices and rental history: sold 3 times, last in March 2011, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 406 · DLD and Ejari recordsUpdated 25 August 2024
Last soldAED 2.46M29 March 2011
Current rentAED 265K /yr25 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 406, Tiara - Emerald

What is 406 worth today?

Last sold for AED 2,463,400 in 2011

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25 Aug 2024RentedRenewal
AED 265,000/yr12 months · AED 159 per sqft
24 Aug 2024RentedRenewal
AED 263,583/yr12 months · AED 158 per sqft
25 Aug 2023RentedNew contract
AED 265,000/yr12 months · AED 158 per sqft
29 Nov 2021RentedRenewal
AED 170,000/yr12 months · AED 101 per sqft
29 Nov 2020RentedRenewal
AED 170,000/yr12 months · AED 101 per sqft
29 Nov 2019RentedNew contract
AED 182,000/yr12 months · AED 108 per sqft
29 Nov 2018RentedNew contract
AED 187,000/yr12 months · AED 111 per sqft
7 Jul 2017RentedRenewal
AED 200,550/yr12 months · AED 119 per sqft

Source: Dubai Land Department. Updated 25 August 2024.

Key facts

Type
2-bed apartment
Size
1,677 sqft
Floor
4th of 12
Parking
2073
Developer
Zabeel Investments
Completed
2009
Service charge
AED 29,200 /yr
Last sold
AED 2.46M · March 2011

About 406, Tiara - Emerald

406 is a two-bedroom apartment of 1,677 sqft on the 4th floor of Tiara - Emerald, a 12-storey tower in Palm Jumeirah completed in 2009 by Zabeel Investments. It last sold on 29 March 2011 for AED 2,463,400, or AED 1,468 per sqft, 9% above the AED 1,341 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 11 Ejari contracts. The current contract, renewed on 25 August 2024, is AED 265,000 a year: a gross yield of 10.8% on the 2011 price, before the service charge of about AED 29,200 a year.

Sales and rents for 406 over time

Sales
Unit 406, each saleTypical two-bed in Tiara - Emerald
2.5M5M2009201420192024Typical sale price by year: 2009 AED 2,391,600; 2010 AED 2,604,750; 2011 AED 2,583,000; 2012 AED 2,650,000; 2013 AED 2,895,784; 2014 AED 3,200,000; 2022 AED 4,000,000; 2023 AED 4,100,000; 2026 AED 5,800,000Sold by developer, March 2009: AED 1,231,700 (AED 734 per sqft)Sold, March 2011: AED 2,463,400 (AED 1,468 per sqft)Sold, March 2011: AED 2,300,000 (AED 1,371 per sqft)

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

Rents
Unit 406, each contractTypical two-bed in Tiara - Emerald
200K2013201720212025Typical rent by year: 2013 AED 195,000; 2014 AED 222,500; 2015 AED 220,000; 2016 AED 210,275; 2017 AED 200,000; 2018 AED 192,500; 2019 AED 175,000; 2020 AED 155,000; 2021 AED 160,000; 2022 AED 176,440; 2023 AED 252,500; 2024 AED 250,000; 2025 AED 260,000; 2026 AED 270,000New contract, July 2014: AED 191,000 a yearNew contract, July 2015: AED 200,550 a yearRenewal, July 2016: AED 200,550 a yearRenewal, July 2017: AED 200,550 a yearNew contract, November 2018: AED 187,000 a yearNew contract, November 2019: AED 182,000 a yearRenewal, November 2020: AED 170,000 a yearRenewal, November 2021: AED 170,000 a yearNew contract, August 2023: AED 265,000 a yearRenewal, August 2024: AED 265,000 a yearRenewal, August 2024: AED 263,583 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 - Emerald, and where 406 sits

All 30 2-beds →

406 last sold in March 2011 at AED 1,468 per sqft, 9% above what two-beds in Tiara - Emerald were fetching at the time (AED 1,341). Over the last 12 months two-beds sold for AED 5,400,000 to 6,900,000, around AED 3,369 per sqft, and rent for AED 176,000 to 295,000 a year. 406's AED 265,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
30 Apr 20265,900,000
20 Feb 20265,400,000
23 Jan 20265,800,000
16 Nov 20256,900,000
4 2-bed sales in the last 12 months

Tiara - Emerald

Building

80 apartments, 1-bed to 4-bed over 12 floors in Palm Jumeirah, completed in 2009 by Zabeel Investments. 8 sold in the last 12 months.

Typical price per sqft
AED 3,105
Typical sale
AED 4.75M
Typical rent
AED 270K /yr
Typical yield
5.0%
Tiara - Emerald, Palm Jumeirah: prices, sales and rents →

Other units on the 4th floor

All 80 units in Tiara - Emerald
Value
4012-bedAED 5.4M · Feb 2026
4023-bedAED 3.62M · Jul 2013
4031-bedAED 2.4M · Nov 2022
4041-bedAED 1.28M · Jul 2023
4053-bedAED 6.64M · Mar 2009

406, Tiara - Emerald in numbers

  • Sold 3 times: first on 4 March 2009 for AED 1,231,700, last on 29 March 2011 for AED 2,463,400 (AED 1,468 per sqft).
  • Rented since July 2014 on 11 Ejari contracts. The rent fell from AED 191,000 to AED 170,000 in 2021 and recovered to AED 265,000 by August 2024.
  • At AED 265,000 a year the gross yield on the 2011 price is 10.8%, before a service charge of about AED 29,200 a year (AED 17.41 per sqft).
  • Two-beds in Tiara - Emerald sold for AED 5,400,000–6,900,000 in the 12 months to November 2026; the building's median across all types is AED 3,105 per sqft.

Source: Dubai Land Department. Updated 25 August 2024.

Questions about 406, Tiara - Emerald

What did unit 406 last sell for?

AED 2,463,400 on 29 March 2011: AED 1,468 per sqft for 1,677 sqft. The unit has 3 registered sales; the first was AED 1,231,700 in March 2009.

What is the rent for unit 406?

AED 265,000 a year on the contract renewed on 25 August 2024. The previous contract, from August 2024, was AED 263,583; the unit has been rented since July 2014.

How big is unit 406?

1,677 sqft (155.8 sqm): a two-bedroom apartment on the 4th floor of a 12-storey tower completed in 2009.

What is unit 406 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Tiara - Emerald sold for AED 5,400,000 to 6,900,000 in the last 12 months, around AED 3,369 per sqft.

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Mortgage on 406, Tiara - Emerald

Starts from the last sale price (AED 2.46M, 29 March 2011). Switch to today's estimate once you have unlocked it.
Price
AED 2,463,400
Deposit, UAE resident (20%)
AED 492,680
Deposit, non-resident (40%)
AED 985,360
Monthly over 25 years at 3.7%
AED 10,079

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