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3-bed · 2,266 sqftTiara - Ruby, Palm Jumeirah · 7th floor · completed 2009

705, Tiara - Ruby

Sold prices and rental history: sold 4 times, last in November 2019, and rented once, from April 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 705 · DLD and Ejari recordsUpdated 26 November 2019
Last soldAED 3M26 November 2019
Current rentAED 260K /yr15 April 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 705, Tiara - Ruby

What is 705 worth today?

Last sold for AED 3,000,000 in 2019

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26 Nov 2019SoldReady
AED 3,000,000AED 1,323 per sqft
15 Apr 2017RentedNew contract
AED 260,000/yr12 months · AED 114 per sqft
7 Apr 2011SoldReady
AED 3,800,000AED 1,676 per sqft
28 Jul 2009Sold by developerOff-plan
AED 3,800,000AED 1,676 per sqft
28 Jul 2009SoldOff-plan
AED 3,800,000AED 1,676 per sqft

Source: Dubai Land Department. Updated 26 November 2019.

Key facts

Type
3-bed apartment
Size
2,266 sqft
Floor
7th of 12
Parking
2128, 2113
Developer
Zabeel Investments
Completed
2009
Service charge
AED 39,500 /yr
Last sold
AED 3M · November 2019
Building
Tiara - Ruby

About 705, Tiara - Ruby

705 is a three-bedroom apartment of 2,266 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 26 November 2019 for AED 3,000,000, or AED 1,323 per sqft, 17% below the AED 1,588 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 15 April 2017. The current contract, signed on 15 April 2017, is AED 260,000 a year: a gross yield of 8.7% on the 2019 price, before the service charge of about AED 39,500 a year.

Sales and rents for 705 over time

Sales
Unit 705, 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, July 2009: AED 3,800,000 (AED 1,676 per sqft)Sold, July 2009: AED 3,800,000 (AED 1,676 per sqft)Sold, April 2011: AED 3,800,000 (AED 1,676 per sqft)Sold, November 2019: AED 3,000,000 (AED 1,323 per sqft)

705 has sold 4 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 705, 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, April 2017: AED 260,000 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 705 sits

All 26 3-beds →

705 last sold in November 2019 at AED 1,323 per sqft, 17% below what three-beds in Tiara - Ruby were fetching at the time (AED 1,588). 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. 705's AED 260,000 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 7th floor

All 79 units in Tiara - Ruby
Value
7012-bedAED 2.62M · Dec 2012
7023-bedAED 5.3M · Apr 2013
7031-bedAED 2.23M · Nov 2021
7041-bedAED 2.8M · May 2015
7062-bedAED 2.7M · Jan 2012

705, Tiara - Ruby in numbers

  • Sold 4 times: first on 28 July 2009 for AED 3,800,000, last on 26 November 2019 for AED 3,000,000 (AED 1,323 per sqft).
  • Rented since April 2017 on one Ejari contract, at AED 260,000 a year.
  • At AED 260,000 a year the gross yield on the 2019 price is 8.7%, 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 26 November 2019.

Questions about 705, Tiara - Ruby

What did unit 705 last sell for?

AED 3,000,000 on 26 November 2019: AED 1,323 per sqft for 2,266 sqft. The unit has 4 registered sales; the first was AED 3,800,000 in July 2009.

What is the rent for unit 705?

AED 260,000 a year on the contract signed on 15 April 2017.

How big is unit 705?

2,266 sqft (210.5 sqm): a three-bedroom apartment on the 7th floor of a 12-storey tower completed in 2009.

What is unit 705 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 705, Tiara - Ruby

Starts from the last sale price (AED 3M, 26 November 2019). Switch to today's estimate once you have unlocked it.
Price
AED 3,000,000
Deposit, UAE resident (20%)
AED 600,000
Deposit, non-resident (40%)
AED 1,200,000
Monthly over 25 years at 3.7%
AED 12,274

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