701, Tiara - Ruby
Sold prices and rental history: sold twice, last in December 2012, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 701, Tiara - Ruby
What is 701 worth today?
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Source: Dubai Land Department. Updated 1 February 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,677 sqft
- Floor
- 7th of 12
- Parking
- 2339
- Developer
- Zabeel Investments
- Completed
- 2009
- Service charge
- AED 29,200 /yr
- Last sold
- AED 2.62M · December 2012
- Building
- Tiara - Ruby
About 701, Tiara - Ruby
701 is a two-bedroom apartment of 1,677 sqft on the 7th floor of Tiara - Ruby, a 12-storey tower in Palm Jumeirah completed in 2009 by Zabeel Investments. It last sold on 18 December 2012 for AED 2,618,800, or AED 1,561 per sqft, in line with the AED 1,540 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, signed on 1 February 2022, is AED 215,000 a year: a gross yield of 8.2% on the 2012 price, before the service charge of about AED 29,200 a year.
Sales and rents for 701 over time
701 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 701 sits
All 30 2-beds →701 last sold in December 2012 at AED 1,561 per sqft, in line with what two-beds in Tiara - Ruby were fetching at the time (AED 1,540). 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. 701's AED 215,000 is in the upper 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 7th floor
All 79 units in Tiara - Ruby| ValueToday's value | |||||
|---|---|---|---|---|---|
| 702 | 3-bed | 2,266 sqft | AED 5.3MAED 5,295,000 · Apr 2013April 2013 | 360,000 /yr | |
| 703 | 1-bed | 1,296 sqft | AED 2.23MAED 2,230,000 · Nov 2021November 2021 | 200,000 /yr | |
| 704 | 1-bed | 1,296 sqft | AED 2.8MAED 2,800,000 · May 2015May 2015 | 145,200 /yr | |
| 705 | 3-bed | 2,266 sqft | AED 3MAED 3,000,000 · Nov 2019November 2019 | 260,000 /yr | |
| 706 | 2-bed | 1,677 sqft | AED 2.7MAED 2,700,000 · Jan 2012January 2012 | 250,000 /yr |
701, Tiara - Ruby in numbers
- Sold twice: first on 11 March 2009 for AED 2,618,800, last on 18 December 2012 for AED 2,618,800 (AED 1,561 per sqft).
- Rented since February 2014 on 8 Ejari contracts. The rent fell from AED 210,000 to AED 167,000 in 2020 and recovered to AED 215,000 by February 2022.
- At AED 215,000 a year the gross yield on the 2012 price is 8.2%, 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 1 February 2022.
Questions about 701, Tiara - Ruby
What did unit 701 last sell for?
AED 2,618,800 on 18 December 2012: AED 1,561 per sqft for 1,677 sqft. The unit has 2 registered sales; the first was AED 2,618,800 in March 2009.
What is the rent for unit 701?
AED 215,000 a year on the contract signed on 1 February 2022. The previous contract, from November 2020, was AED 167,000; the unit has been rented since February 2014.
How big is unit 701?
1,677 sqft (155.8 sqm): a two-bedroom apartment on the 7th floor of a 12-storey tower completed in 2009.
What is unit 701 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 701, Tiara - Ruby
Starts from the last sale price (AED 2.62M, 18 December 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 2,618,800
- Deposit, UAE resident (20%)
- AED 523,760
- Deposit, non-resident (40%)
- AED 1,047,520
- Monthly over 25 years at 3.7%
- AED 10,714
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →