506, Tiara - Ruby
Sold prices and rental history: sold twice, last in February 2012, 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 506, Tiara - Ruby
What is 506 worth today?
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Source: Dubai Land Department. Updated 28 July 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,677 sqft
- Floor
- 5th of 12
- Parking
- 2345
- Developer
- Zabeel Investments
- Completed
- 2009
- Service charge
- AED 29,200 /yr
- Last sold
- AED 2.55M · February 2012
- Building
- Tiara - Ruby
About 506, Tiara - Ruby
506 is a two-bedroom apartment of 1,677 sqft on the 5th floor of Tiara - Ruby, a 12-storey tower in Palm Jumeirah completed in 2009 by Zabeel Investments. It last sold on 13 February 2012 for AED 2,547,100, or AED 1,518 per sqft, 5% below the AED 1,596 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, renewed on 28 July 2022, is AED 183,750 a year: a gross yield of 7.2% on the 2012 price, before the service charge of about AED 29,200 a year.
Sales and rents for 506 over time
506 has sold twice; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Tiara - Ruby, and where 506 sits
All 30 2-beds →506 last sold in February 2012 at AED 1,518 per sqft, 5% below what two-beds in Tiara - Ruby were fetching at the time (AED 1,596). Over the last 12 months two-beds sold for AED 7,300,000, around AED 4,352 per sqft, and rent for AED 90,000 to 335,000 a year. 506's AED 183,750 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 14 Jan 202614 January 2026 | 1,677 sqft | 7,300,000 | 4,352 | ||
| 11 Aug 202511 August 2025 | 1,677 sqft | 5,750,000 | 3,428 | ||
| 6 May 20246 May 2024 | 1,677 sqft | 5,000,000 | 2,981 | ||
| 26 May 202326 May 2023 | 1,677 sqft | 4,600,000 | 2,742 |
Tiara - Ruby
Building79 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%
Other units on the 5th floor
All 79 units in Tiara - Ruby| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 839 sqft | AED 800KAED 800,000 · Feb 2021February 2021 | 90,000 /yr | |
| 502 | 3-bed | 2,266 sqft | AED 8.2MAED 8,200,000 · Oct 2026October 2026 | 330,000 /yr | |
| 503 | 1-bed | 1,296 sqft | AED 2.75MAED 2,750,000 · Nov 2014November 2014 | 180,000 /yr | |
| 504 | 1-bed | 1,296 sqft | AED 2.49MAED 2,490,000 · Jul 2023July 2023 | 180,000 /yr | |
| 505 | 3-bed | 2,266 sqft | AED 3.6MAED 3,600,000 · Aug 2019August 2019 | 300,000 /yr |
506, Tiara - Ruby in numbers
- Sold twice: first on 11 March 2009 for AED 2,547,100, last on 13 February 2012 for AED 2,547,100 (AED 1,518 per sqft).
- Rented since October 2013 on 9 Ejari contracts. The rent fell from AED 200,000 to AED 162,000 in 2021 and recovered to AED 183,750 by July 2022.
- At AED 183,750 a year the gross yield on the 2012 price is 7.2%, before a service charge of about AED 29,200 a year (AED 17.41 per sqft).
- Two-beds in Tiara - Ruby sold for AED 7,300,000–7,300,000 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 28 July 2022.
Questions about 506, Tiara - Ruby
What did unit 506 last sell for?
AED 2,547,100 on 13 February 2012: AED 1,518 per sqft for 1,677 sqft. The unit has 2 registered sales; the first was AED 2,547,100 in March 2009.
What is the rent for unit 506?
AED 183,750 a year on the contract renewed on 28 July 2022. The previous contract, from July 2021, was AED 175,000; the unit has been rented since October 2013.
How big is unit 506?
1,677 sqft (155.8 sqm): a two-bedroom apartment on the 5th floor of a 12-storey tower completed in 2009.
What is unit 506 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Tiara - Ruby sold for AED 7,300,000 to 7,300,000 in the last 12 months, around AED 4,352 per sqft.
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Mortgage on 506, Tiara - Ruby
Starts from the last sale price (AED 2.55M, 13 February 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 2,547,100
- Deposit, UAE resident (20%)
- AED 509,420
- Deposit, non-resident (40%)
- AED 1,018,840
- Monthly over 25 years at 3.7%
- AED 10,421
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →