3-bed · 2,266 sqftTiara - Ruby, Palm Jumeirah · 3rd floor · completed 2009

302, Tiara - Ruby

Sold prices and rental history: sold 3 times, last in March 2013, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 302 · DLD and Ejari recordsUpdated 20 June 2016
Last soldAED 4.48M28 March 2013
Current rentAED 285K /yr20 June 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 302, Tiara - Ruby

What is 302 worth today?

Last sold for AED 4,475,000 in 2013

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20 Jun 2016RentedRenewal
AED 285,000/yr12 months · AED 125 per sqft
20 Jun 2015RentedNew contract
AED 285,000/yr12 months · AED 125 per sqft
20 Jun 2014RentedRenewal
AED 285,000/yr12 months · AED 125 per sqft
20 Jun 2013RentedNew contract
AED 270,000/yr12 months · AED 119 per sqft
28 Mar 2013SoldReady
AED 4,475,000AED 1,974 per sqft
13 Mar 2013SoldReady
AED 3,629,555AED 1,601 per sqft
11 Mar 2009Sold by developerOff-plan
AED 3,865,265AED 1,705 per sqft

Source: Dubai Land Department. Updated 20 June 2016.

Key facts

Type
3-bed apartment
Size
2,266 sqft
Floor
3rd of 12
Parking
2192, 2166
Developer
Zabeel Investments
Completed
2009
Service charge
AED 39,500 /yr
Last sold
AED 4.48M · March 2013
Building
Tiara - Ruby

About 302, Tiara - Ruby

302 is a three-bedroom apartment of 2,266 sqft on the 3rd floor of Tiara - Ruby, a 12-storey tower in Palm Jumeirah completed in 2009 by Zabeel Investments. It last sold on 28 March 2013 for AED 4,475,000, or AED 1,974 per sqft, 19% above the AED 1,665 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, renewed on 20 June 2016, is AED 285,000 a year: a gross yield of 6.4% on the 2013 price, before the service charge of about AED 39,500 a year.

Sales and rents for 302 over time

Sales
Unit 302, each saleTypical three-bed in Tiara - Ruby
4M6M2009201320172021Typical sale price by year: 2009 AED 3,865,265; 2010 AED 3,793,040; 2011 AED 3,942,040; 2013 AED 3,900,000; 2014 AED 6,400,000; 2019 AED 3,600,000; 2022 AED 4,900,000Sold by developer, March 2009: AED 3,865,265 (AED 1,705 per sqft)Sold, March 2013: AED 4,475,000 (AED 1,974 per sqft)Sold, March 2013: AED 3,629,555 (AED 1,601 per sqft)

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

Rents
Unit 302, each contractTypical three-bed in Tiara - Ruby
200K300K2012201620202024Typical rent by year: 2012 AED 230,000; 2013 AED 265,000; 2014 AED 291,500; 2015 AED 290,000; 2016 AED 286,800; 2017 AED 262,500; 2018 AED 253,169; 2019 AED 235,000; 2020 AED 195,000; 2021 AED 215,000; 2022 AED 227,548; 2023 AED 310,000; 2024 AED 330,000; 2025 AED 327,750; 2026 AED 345,000New contract, June 2013: AED 270,000 a yearRenewal, June 2014: AED 285,000 a yearNew contract, June 2015: AED 285,000 a yearRenewal, June 2016: AED 285,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Tiara - Ruby, and where 302 sits

All 26 3-beds →

302 last sold in March 2013 at AED 1,974 per sqft, 19% above what three-beds in Tiara - Ruby were fetching at the time (AED 1,665). Over the last 12 months three-beds sold for AED 8,200,000, around AED 3,618 per sqft, and rent for AED 290,000 to 490,000 a year. 302's AED 285,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
27 Oct 20268,200,000
27 Feb 20258,050,000
4 Jul 20246,200,000
19 Mar 20246,000,000
1 3-bed sale in the last 12 months

Tiara - Ruby

Building

79 apartments, 1-bed to 4-bed over 12 floors in Palm Jumeirah, completed in 2009 by Zabeel Investments. 2 sold in the last 12 months.

Typical price per sqft
AED 3,985
Typical sale
AED 7.75M
Typical rent
AED 250K /yr
Typical yield
3.7%
Tiara - Ruby, Palm Jumeirah: prices, sales and rents →

Other units on the 3rd floor

All 79 units in Tiara - Ruby
Value
3012-bedAED 3.1M · Jan 2019
3031-bedAED 2.25M · Aug 2021
3041-bedAED 1.95M · Jun 2011
3053-bedAED 8.05M · Feb 2025
3062-bedAED 2.43M · Jan 2014

302, Tiara - Ruby in numbers

  • Sold 3 times: first on 11 March 2009 for AED 3,865,265, last on 28 March 2013 for AED 4,475,000 (AED 1,974 per sqft).
  • Rented since June 2013 on 4 Ejari contracts, from AED 270,000 to AED 285,000 a year.
  • At AED 285,000 a year the gross yield on the 2013 price is 6.4%, before a service charge of about AED 39,500 a year (AED 17.41 per sqft).
  • Three-beds in Tiara - Ruby sold for AED 8,200,000–8,200,000 in the 12 months to November 2026; the building's median across all types is AED 3,985 per sqft.

Source: Dubai Land Department. Updated 20 June 2016.

Questions about 302, Tiara - Ruby

What did unit 302 last sell for?

AED 4,475,000 on 28 March 2013: AED 1,974 per sqft for 2,266 sqft. The unit has 3 registered sales; the first was AED 3,865,265 in March 2009.

What is the rent for unit 302?

AED 285,000 a year on the contract renewed on 20 June 2016. The previous contract, from June 2015, was AED 285,000; the unit has been rented since June 2013.

How big is unit 302?

2,266 sqft (210.5 sqm): a three-bedroom apartment on the 3rd floor of a 12-storey tower completed in 2009.

What is unit 302 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Tiara - Ruby sold for AED 8,200,000 to 8,200,000 in the last 12 months, around AED 3,618 per sqft.

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Mortgage on 302, Tiara - Ruby

Starts from the last sale price (AED 4.48M, 28 March 2013). Switch to today's estimate once you have unlocked it.
Price
AED 4,475,000
Deposit, UAE resident (20%)
AED 895,000
Deposit, non-resident (40%)
AED 1,790,000
Monthly over 25 years at 3.7%
AED 18,309

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