1-bed · 1,296 sqftTiara - Ruby, Palm Jumeirah · 6th floor · completed 2009

603, Tiara - Ruby

Sold prices and rental history: sold 3 times, last in June 2022, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 603 · DLD and Ejari recordsUpdated 15 July 2022
Last soldAED 2.35M21 June 2022
Current rentAED 100K /yr15 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 603, Tiara - Ruby

What is 603 worth today?

Last sold for AED 2,350,000 in 2022

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15 Jul 2022RentedRenewal
AED 100,000/yr12 months · AED 77 per sqft
21 Jun 2022SoldReady
AED 2,350,000AED 1,813 per sqft
15 Jul 2021RentedRenewal
AED 100,000/yr12 months · AED 77 per sqft
15 Jul 2020RentedNew contract
AED 100,000/yr12 months · AED 77 per sqft
20 Apr 2017RentedNew contract
AED 150,000/yr12 months · AED 116 per sqft
8 Aug 2015RentedRenewal
AED 156,000/yr3 months · AED 120 per sqft
26 Oct 2014RentedRenewal
AED 120,788/yr9 months · AED 93 per sqft
26 Oct 2013RentedNew contract
AED 110,000/yr12 months · AED 85 per sqft

Source: Dubai Land Department. Updated 15 July 2022.

Key facts

Type
1-bed apartment
Size
1,296 sqft
Floor
6th of 12
Parking
1252
Developer
Zabeel Investments
Completed
2009
Service charge
AED 22,600 /yr
Last sold
AED 2.35M · June 2022
Building
Tiara - Ruby

About 603, Tiara - Ruby

603 is a one-bedroom apartment of 1,296 sqft on the 6th floor of Tiara - Ruby, a 12-storey tower in Palm Jumeirah completed in 2009 by Zabeel Investments. It last sold on 21 June 2022 for AED 2,350,000, or AED 1,813 per sqft, 4% above the AED 1,736 one-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 8 Ejari contracts. The current contract, renewed on 15 July 2022, is AED 100,000 a year: a gross yield of 4.3% on the 2022 price, before the service charge of about AED 22,600 a year.

Sales and rents for 603 over time

Sales
Unit 603, each saleTypical one-bed in Tiara - Ruby
2M4M2009201420192024Typical sale price by year: 2009 AED 1,991,500; 2010 AED 797,500; 2011 AED 1,810,500; 2012 AED 1,829,970; 2013 AED 1,989,055; 2014 AED 2,940,000; 2015 AED 2,850,000; 2021 AED 2,230,000; 2022 AED 2,425,000; 2023 AED 2,490,000; 2025 AED 3,880,000Sold by developer, March 2009: AED 2,005,400 (AED 1,547 per sqft)Sold, January 2012: AED 1,804,860 (AED 1,392 per sqft)Sold, June 2022: AED 2,350,000 (AED 1,813 per sqft)

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

Rents
Unit 603, each contractTypical one-bed in Tiara - Ruby
100K150K2012201620202024Typical rent by year: 2012 AED 110,000; 2013 AED 138,500; 2014 AED 145,200; 2015 AED 150,000; 2016 AED 150,000; 2017 AED 150,000; 2018 AED 135,000; 2019 AED 130,000; 2020 AED 107,500; 2021 AED 110,000; 2022 AED 120,000; 2023 AED 165,000; 2024 AED 175,000; 2025 AED 175,000; 2026 AED 169,772New contract, October 2012: AED 110,000 a yearNew contract, October 2013: AED 110,000 a yearRenewal, October 2014: AED 120,788 a yearRenewal, August 2015: AED 156,000 a yearNew contract, April 2017: AED 150,000 a yearNew contract, July 2020: AED 100,000 a yearRenewal, July 2021: AED 100,000 a yearRenewal, July 2022: AED 100,000 a year

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

1-beds in Tiara - Ruby, and where 603 sits

All 33 1-beds →

603 last sold in June 2022 at AED 1,813 per sqft, 4% above what one-beds in Tiara - Ruby were fetching at the time (AED 1,736). 603's AED 100,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
24 Oct 20253,760,000
19 Jun 20254,000,000
5 May 20254,010,000
14 Jan 20253,680,000
0 1-bed sales 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 6th floor

All 79 units in Tiara - Ruby
Value
6012-bedAED 4.5M · Feb 2023
6023-bedAED 3.7M · Jan 2013
6041-bedAED 2.25M · Dec 2016
6053-bedAED 2.35M · Apr 2022
6062-bedAED 2.58M · Apr 2013

603, Tiara - Ruby in numbers

  • Sold 3 times: first on 11 March 2009 for AED 2,005,400, last on 21 June 2022 for AED 2,350,000 (AED 1,813 per sqft).
  • Rented since October 2012 on 8 Ejari contracts, from AED 110,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2022 price is 4.3%, before a service charge of about AED 22,600 a year (AED 17.41 per sqft).

Source: Dubai Land Department. Updated 15 July 2022.

Questions about 603, Tiara - Ruby

What did unit 603 last sell for?

AED 2,350,000 on 21 June 2022: AED 1,813 per sqft for 1,296 sqft. The unit has 3 registered sales; the first was AED 2,005,400 in March 2009.

What is the rent for unit 603?

AED 100,000 a year on the contract renewed on 15 July 2022. The previous contract, from July 2021, was AED 100,000; the unit has been rented since October 2012.

How big is unit 603?

1,296 sqft (120.4 sqm): a one-bedroom apartment on the 6th floor of a 12-storey tower completed in 2009.

What is unit 603 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 603, Tiara - Ruby

Starts from the last sale price (AED 2.35M, 21 June 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,350,000
Deposit, UAE resident (20%)
AED 470,000
Deposit, non-resident (40%)
AED 940,000
Monthly over 25 years at 3.7%
AED 9,615

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