2-bed · 1,677 sqftTiara - Tanzanite, Palm Jumeirah · 10th floor · completed 2009

1001, Tiara - Tanzanite

Sold prices and rental history: sold twice, last in September 2022, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1001 · DLD and Ejari recordsUpdated 7 September 2022
Last soldAED 3.8M7 September 2022
Current rentAED 165K /yr15 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1001, Tiara - Tanzanite

What is 1001 worth today?

Last sold for AED 3,800,000 in 2022

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7 Sep 2022SoldReady
AED 3,800,000AED 2,265 per sqft
15 Aug 2022RentedNew contract
AED 164,689/yr9 months · AED 98 per sqft
15 Aug 2021RentedRenewal
AED 160,000/yr12 months · AED 95 per sqft
2 Jul 2020RentedRenewal
AED 145,000/yr13 months · AED 86 per sqft
2 Jul 2019RentedNew contract
AED 150,000/yr12 months · AED 89 per sqft
6 Feb 2018RentedRenewal
AED 200,000/yr12 months · AED 119 per sqft
6 Feb 2016RentedRenewal
AED 210,000/yr24 months · AED 125 per sqft
6 Feb 2015RentedNew contract
AED 210,000/yr12 months · AED 125 per sqft

Source: Dubai Land Department. Updated 7 September 2022.

Key facts

Type
2-bed apartment
Size
1,677 sqft
Floor
10th of 12
Parking
1355
Developer
Zabeel Investments
Completed
2009
Service charge
AED 29,200 /yr
Last sold
AED 3.8M · September 2022

About 1001, Tiara - Tanzanite

1001 is a two-bedroom apartment of 1,677 sqft on the 10th floor of Tiara - Tanzanite, a 12-storey tower in Palm Jumeirah completed in 2009 by Zabeel Investments. It last sold on 7 September 2022 for AED 3,800,000, or AED 2,265 per sqft, 29% above the AED 1,760 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, signed on 15 August 2022, is AED 164,689 a year: a gross yield of 4.3% on the 2022 price, before the service charge of about AED 29,200 a year.

Sales and rents for 1001 over time

Sales
Unit 1001, each saleTypical two-bed in Tiara - Tanzanite
2M4M6M2009201420192024Typical sale price by year: 2009 AED 3,052,900; 2011 AED 2,785,200; 2012 AED 2,710,000; 2013 AED 2,925,778; 2016 AED 3,019,467; 2019 AED 2,325,000; 2021 AED 2,205,000; 2022 AED 3,700,000; 2023 AED 4,200,000; 2025 AED 4,250,000; 2026 AED 5,750,000Sold by developer, April 2013: AED 2,914,555 (AED 1,737 per sqft)Sold, September 2022: AED 3,800,000 (AED 2,265 per sqft)

1001 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1001, each contractTypical two-bed in Tiara - Tanzanite
150K200K2013201720212025Typical rent by year: 2013 AED 200,000; 2014 AED 200,000; 2015 AED 200,000; 2016 AED 189,426; 2017 AED 180,000; 2018 AED 180,000; 2019 AED 165,000; 2020 AED 142,500; 2021 AED 145,000; 2022 AED 152,500; 2023 AED 170,000; 2024 AED 185,000; 2025 AED 225,000; 2026 AED 220,000New contract, February 2015: AED 210,000 a yearRenewal, February 2016: AED 210,000 a yearRenewal, February 2018: AED 200,000 a yearNew contract, July 2019: AED 150,000 a yearRenewal, July 2020: AED 145,000 a yearRenewal, August 2021: AED 160,000 a yearNew contract, August 2022: AED 164,689 a year

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

2-beds in Tiara - Tanzanite, and where 1001 sits

All 30 2-beds →

1001 last sold in September 2022 at AED 2,265 per sqft, 29% above what two-beds in Tiara - Tanzanite were fetching at the time (AED 1,760). Over the last 12 months two-beds sold for AED 4,999,999 to 6,300,000, around AED 3,428 per sqft, and rent for AED 184,000 to 325,000 a year. 1001's AED 164,689 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
21 Oct 20264,999,999
5 Feb 20266,300,000
5 Jan 20265,750,000
11 Jun 20254,100,000
3 2-bed sales in the last 12 months

Tiara - Tanzanite

Building

79 apartments, 1-bed to 3-bed over 12 floors in Palm Jumeirah, completed in 2009 by Zabeel Investments. 5 sold in the last 12 months.

Typical price per sqft
AED 3,428
Typical sale
AED 5.75M
Typical rent
AED 210K /yr
Typical yield
3.8%
Tiara - Tanzanite, Palm Jumeirah: prices, sales and rents →

Other units on the 10th floor

All 79 units in Tiara - Tanzanite
Value
10023-bedAED 4M · Feb 2015
10031-bedAED 3.95M · Feb 2026
10041-bedAED 5.6M · Oct 2025
10053-bedAED 10M · Nov 2024
10062-bedAED 2.91M · Apr 2013

1001, Tiara - Tanzanite in numbers

  • Sold twice: first on 4 April 2013 for AED 2,914,555, last on 7 September 2022 for AED 3,800,000 (AED 2,265 per sqft).
  • Rented since February 2015 on 7 Ejari contracts. The rent fell from AED 210,000 to AED 145,000 in 2020 and recovered to AED 164,689 by August 2022.
  • At AED 164,689 a year the gross yield on the 2022 price is 4.3%, before a service charge of about AED 29,200 a year (AED 17.41 per sqft).
  • Two-beds in Tiara - Tanzanite sold for AED 4,999,999–6,300,000 in the 12 months to November 2026; the building's median across all types is AED 3,428 per sqft.

Source: Dubai Land Department. Updated 7 September 2022.

Questions about 1001, Tiara - Tanzanite

What did unit 1001 last sell for?

AED 3,800,000 on 7 September 2022: AED 2,265 per sqft for 1,677 sqft. The unit has 2 registered sales; the first was AED 2,914,555 in April 2013.

What is the rent for unit 1001?

AED 164,689 a year on the contract signed on 15 August 2022. The previous contract, from August 2021, was AED 160,000; the unit has been rented since February 2015.

How big is unit 1001?

1,677 sqft (155.8 sqm): a two-bedroom apartment on the 10th floor of a 12-storey tower completed in 2009.

What is unit 1001 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Tiara - Tanzanite sold for AED 4,999,999 to 6,300,000 in the last 12 months, around AED 3,428 per sqft.

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Mortgage on 1001, Tiara - Tanzanite

Starts from the last sale price (AED 3.8M, 7 September 2022). Switch to today's estimate once you have unlocked it.
Price
AED 3,800,000
Deposit, UAE resident (20%)
AED 760,000
Deposit, non-resident (40%)
AED 1,520,000
Monthly over 25 years at 3.7%
AED 15,547

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