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1-bed · 1,849 sqftTiara - Ruby, Palm Jumeirah · completed 2009

P04, Tiara - Ruby

Sold prices and rental history: sold 5 times, last in July 2022, and rented once, from December 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit P04 · DLD and Ejari recordsUpdated 22 July 2022
Last soldAED 3.3M22 July 2022
Current rentAED 150K /yr1 December 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for P04, Tiara - Ruby

What is P04 worth today?

Last sold for AED 3,300,000 in 2022

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22 Jul 2022SoldReady
AED 3,300,000AED 1,784 per sqft
1 Dec 2019RentedNew contract
AED 150,000/yr12 months · AED 81 per sqft
4 Sep 2014SoldReady
AED 3,600,000AED 1,946 per sqft
4 Sep 2013SoldReady
AED 2,250,000AED 1,216 per sqft
24 Apr 2013SoldReady
AED 2,045,555AED 1,106 per sqft
25 Feb 2009Sold by developerOff-plan
AED 5,659,976AED 3,061 per sqft

Source: Dubai Land Department. Updated 22 July 2022.

Key facts

Type
1-bed apartment
Size
1,849 sqft
Parking
1450, 1451
Developer
Zabeel Investments
Completed
2009
Service charge
AED 32,200 /yr
Last sold
AED 3.3M · July 2022
Building
Tiara - Ruby

About P04, Tiara - Ruby

P04 is a one-bedroom apartment of 1,849 sqft of Tiara - Ruby, a 12-storey tower in Palm Jumeirah completed in 2009 by Zabeel Investments. It last sold on 22 July 2022 for AED 3,300,000, or AED 1,784 per sqft, in line with the AED 1,760 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 December 2019. The current contract, signed on 1 December 2019, is AED 150,000 a year: a gross yield of 4.5% on the 2022 price, before the service charge of about AED 32,200 a year.

Sales and rents for P04 over time

Sales
Unit P04, each saleTypical one-bed in Tiara - Ruby
02.5M5M2009201420192024Typical 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, February 2009: AED 5,659,976 (AED 3,061 per sqft)Sold, April 2013: AED 2,045,555 (AED 1,106 per sqft)Sold, September 2013: AED 2,250,000 (AED 1,216 per sqft)Sold, September 2014: AED 3,600,000 (AED 1,946 per sqft)Sold, July 2022: AED 3,300,000 (AED 1,784 per sqft)

P04 has sold 5 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit P04, 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, December 2019: AED 150,000 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 P04 sits

All 33 1-beds →

P04 last sold in July 2022 at AED 1,784 per sqft, in line with what one-beds in Tiara - Ruby were fetching at the time (AED 1,760). P04's AED 150,000 is in the lower half 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 →

P04, Tiara - Ruby in numbers

  • Sold 5 times: first on 25 February 2009 for AED 5,659,976, last on 22 July 2022 for AED 3,300,000 (AED 1,784 per sqft).
  • Rented since December 2019 on one Ejari contract, at AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2022 price is 4.5%, before a service charge of about AED 32,200 a year (AED 17.41 per sqft).

Source: Dubai Land Department. Updated 22 July 2022.

Questions about P04, Tiara - Ruby

What did unit P04 last sell for?

AED 3,300,000 on 22 July 2022: AED 1,784 per sqft for 1,849 sqft. The unit has 5 registered sales; the first was AED 5,659,976 in February 2009.

What is the rent for unit P04?

AED 150,000 a year on the contract signed on 1 December 2019.

How big is unit P04?

1,849 sqft (171.8 sqm): a one-bedroom apartment of a 12-storey tower completed in 2009.

What is unit P04 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 P04, Tiara - Ruby

Starts from the last sale price (AED 3.3M, 22 July 2022). Switch to today's estimate once you have unlocked it.
Price
AED 3,300,000
Deposit, UAE resident (20%)
AED 660,000
Deposit, non-resident (40%)
AED 1,320,000
Monthly over 25 years at 3.7%
AED 13,501

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