2-bed · 1,677 sqftTiara - Emerald, Palm Jumeirah · 6th floor · completed 2009

601, Tiara - Emerald

Sold prices and rental history: sold 3 times, last in June 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 601 · DLD and Ejari recordsUpdated 23 June 2023
Last soldAED 4.1M23 June 2023
Current rentAED 135K /yr26 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 601, Tiara - Emerald

What is 601 worth today?

Last sold for AED 4,100,000 in 2023

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23 Jun 2023SoldReady
AED 4,100,000AED 2,444 per sqft
26 Nov 2022RentedRenewal
AED 135,000/yr12 months · AED 80 per sqft
26 Nov 2021RentedRenewal
AED 135,000/yr12 months · AED 80 per sqft
26 Nov 2020RentedNew contract
AED 135,000/yr12 months · AED 80 per sqft
30 Nov 2019RentedRenewal
AED 160,000/yr12 months · AED 95 per sqft
30 Nov 2018RentedNew contract
AED 180,000/yr12 months · AED 107 per sqft
20 Oct 2017RentedRenewal
AED 181,912/yr12 months · AED 108 per sqft
20 Oct 2016RentedRenewal
AED 181,912/yr12 months · AED 108 per sqft

Source: Dubai Land Department. Updated 23 June 2023.

Key facts

Type
2-bed apartment
Size
1,677 sqft
Floor
6th of 12
Parking
2081
Developer
Zabeel Investments
Completed
2009
Service charge
AED 29,200 /yr
Last sold
AED 4.1M · June 2023

About 601, Tiara - Emerald

601 is a two-bedroom apartment of 1,677 sqft on the 6th floor of Tiara - Emerald, a 12-storey tower in Palm Jumeirah completed in 2009 by Zabeel Investments. It last sold on 23 June 2023 for AED 4,100,000, or AED 2,444 per sqft, in line with the AED 2,415 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 9 Ejari contracts. The current contract, renewed on 26 November 2022, is AED 135,000 a year: a gross yield of 3.3% on the 2023 price, before the service charge of about AED 29,200 a year.

Sales and rents for 601 over time

Sales
Unit 601, each saleTypical two-bed in Tiara - Emerald
2M4M6M2009201420192024Typical 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 2,583,000 (AED 1,540 per sqft)Sold, July 2011: AED 2,583,000 (AED 1,540 per sqft)Sold, June 2023: AED 4,100,000 (AED 2,444 per sqft)

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

Rents
Unit 601, 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, October 2014: AED 173,250 a yearRenewal, October 2015: AED 181,912 a yearRenewal, October 2016: AED 181,912 a yearRenewal, October 2017: AED 181,912 a yearNew contract, November 2018: AED 180,000 a yearRenewal, November 2019: AED 160,000 a yearNew contract, November 2020: AED 135,000 a yearRenewal, November 2021: AED 135,000 a yearRenewal, November 2022: AED 135,000 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 - Emerald, and where 601 sits

All 30 2-beds →

601 last sold in June 2023 at AED 2,444 per sqft, in line with what two-beds in Tiara - Emerald were fetching at the time (AED 2,415). 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. 601's AED 135,000 is at the bottom 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 6th floor

All 80 units in Tiara - Emerald
Value
6023-bedAED 3.25M · Feb 2021
6031-bedAED 1.83M · Mar 2011
6041-bedAED 2.31M · Nov 2014
6053-bedAED 6.55M · Nov 2023
6062-bedAED 2.05M · Dec 2010

601, Tiara - Emerald in numbers

  • Sold 3 times: first on 3 March 2009 for AED 2,583,000, last on 23 June 2023 for AED 4,100,000 (AED 2,444 per sqft).
  • Rented since October 2014 on 9 Ejari contracts, from AED 173,250 to AED 135,000 a year.
  • At AED 135,000 a year the gross yield on the 2023 price is 3.3%, 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 23 June 2023.

Questions about 601, Tiara - Emerald

What did unit 601 last sell for?

AED 4,100,000 on 23 June 2023: AED 2,444 per sqft for 1,677 sqft. The unit has 3 registered sales; the first was AED 2,583,000 in March 2009.

What is the rent for unit 601?

AED 135,000 a year on the contract renewed on 26 November 2022. The previous contract, from November 2021, was AED 135,000; the unit has been rented since October 2014.

How big is unit 601?

1,677 sqft (155.8 sqm): a two-bedroom apartment on the 6th floor of a 12-storey tower completed in 2009.

What is unit 601 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 601, Tiara - Emerald

Starts from the last sale price (AED 4.1M, 23 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 4,100,000
Deposit, UAE resident (20%)
AED 820,000
Deposit, non-resident (40%)
AED 1,640,000
Monthly over 25 years at 3.7%
AED 16,774

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