Penthouse 1, Tiara - Emerald
Sold prices and rental history: sold 3 times, last in October 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for Penthouse 1, Tiara - Emerald
What is Penthouse 1 worth today?
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Source: Dubai Land Department. Updated 4 October 2024.
Key facts
- Type
- 4-bed apartment
- Size
- 5,249 sqft
- Parking
- 2619, 2620
- Developer
- Zabeel Investments
- Completed
- 2009
- Service charge
- AED 91,400 /yr
- Last sold
- AED 16M · October 2024
- Building
- Tiara - Emerald
About Penthouse 1, Tiara - Emerald
Penthouse 1 is a four-bedroom apartment of 5,249 sqft of Tiara - Emerald, a 12-storey tower in Palm Jumeirah completed in 2009 by Zabeel Investments. It last sold on 4 October 2024 for AED 16,000,000, or AED 3,048 per sqft.
It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, signed on 1 February 2024, is AED 650,000 a year: a gross yield of 4.1% on the 2024 price, before the service charge of about AED 91,400 a year.
4-beds in Tiara - Emerald, and where Penthouse 1 sits
All 2 4-beds →| Recent 4-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Jun 20227 June 2022 | 5,217 sqft | 9,000,000 | 1,725 | ||
| 17 Feb 201317 February 2013 | 5,217 sqft | 9,000,000 | 1,725 |
Tiara - Emerald
Building80 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%
Penthouse 1, Tiara - Emerald in numbers
- Sold 3 times: first on 26 April 2012 for AED 5,249,000, last on 4 October 2024 for AED 16,000,000 (AED 3,048 per sqft).
- Rented since May 2013 on 11 Ejari contracts, from AED 400,000 to AED 650,000 a year.
- At AED 650,000 a year the gross yield on the 2024 price is 4.1%, before a service charge of about AED 91,400 a year (AED 17.41 per sqft).
Source: Dubai Land Department. Updated 4 October 2024.
Questions about Penthouse 1, Tiara - Emerald
What did unit Penthouse 1 last sell for?
AED 16,000,000 on 4 October 2024: AED 3,048 per sqft for 5,249 sqft. The unit has 3 registered sales; the first was AED 5,249,000 in April 2012.
What is the rent for unit Penthouse 1?
AED 650,000 a year on the contract signed on 1 February 2024. The previous contract, from February 2023, was AED 444,000; the unit has been rented since May 2013.
How big is unit Penthouse 1?
5,249 sqft (487.6 sqm): a four-bedroom apartment of a 12-storey tower completed in 2009.
What is unit Penthouse 1 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on Penthouse 1, Tiara - Emerald
Starts from the last sale price (AED 16M, 4 October 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 16,000,000
- Deposit, UAE resident (20%)
- AED 3,200,000
- Deposit, non-resident (40%)
- AED 6,400,000
- Monthly over 25 years at 3.7%
- AED 65,461
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →