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

P03, Tiara - Emerald

Sold prices and rental history: sold once, by the developer in June 2012, and rented once, from January 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit P03 · DLD and Ejari recordsUpdated 1 January 2014
Last soldAED 1.35M14 June 2012
Current rentAED 51K /yr1 January 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for P03, Tiara - Emerald

What is P03 worth today?

Last sold for AED 1,350,000 in 2012

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1 Jan 2014RentedNew contract · flagged as an outlier
AED 51,000/yr12 months · AED 21 per sqft
14 Jun 2012Sold by developerReady
AED 1,350,000AED 562 per sqft

Source: Dubai Land Department. Updated 1 January 2014.

Key facts

Type
2-bed apartment
Size
2,398 sqft
Parking
1462
Developer
Zabeel Investments
Completed
2009
Service charge
AED 41,700 /yr
Last sold
AED 1.35M · June 2012
Building
Tiara - Emerald

About P03, Tiara - Emerald

P03 is a two-bedroom apartment of 2,398 sqft of Tiara - Emerald, a 12-storey tower in Palm Jumeirah completed in 2009 by Zabeel Investments. The developer sold it on 14 June 2012 for AED 1,350,000, or AED 562 per sqft, 64% below the AED 1,550 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 January 2014. The current contract, signed on 1 January 2014, is AED 51,000 a year: a gross yield of 3.8% on the 2012 price, before the service charge of about AED 41,700 a year.

Sales and rents for P03 over time

Sales
Unit P03, 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, June 2012: AED 1,350,000 (AED 562 per sqft)

P03 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit P03, 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 270,000

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 P03 sits

All 30 2-beds →

P03 last sold in June 2012 at AED 562 per sqft, 64% below what two-beds in Tiara - Emerald were fetching at the time (AED 1,550). 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. P03's AED 51,000 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 →

P03, Tiara - Emerald in numbers

  • Sold once: by Zabeel Investments on 14 June 2012 for AED 1,350,000, or AED 562 per sqft.
  • Rented since January 2014 on one Ejari contract, at AED 51,000 a year.
  • At AED 51,000 a year the gross yield on the 2012 price is 3.8%, before a service charge of about AED 41,700 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 1 January 2014.

Questions about P03, Tiara - Emerald

What did unit P03 last sell for?

AED 1,350,000 on 14 June 2012, sold by the developer: AED 562 per sqft for 2,398 sqft. It is the only registered sale of the unit.

What is the rent for unit P03?

AED 51,000 a year on the contract signed on 1 January 2014.

How big is unit P03?

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

What is unit P03 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 P03, Tiara - Emerald

Starts from the last sale price (AED 1.35M, 14 June 2012). Switch to today's estimate once you have unlocked it.
Price
AED 1,350,000
Deposit, UAE resident (20%)
AED 270,000
Deposit, non-resident (40%)
AED 540,000
Monthly over 25 years at 3.7%
AED 5,523

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