2-bed · 1,677 sqftTiara - Tanzanite, Palm Jumeirah · 12th floor · completed 2009

1201, Tiara - Tanzanite

Sold prices and rental history: sold 3 times, last in July 2013, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1201 · DLD and Ejari recordsUpdated 10 October 2017
Last soldAED 3.5M23 July 2013
Current rentAED 135K /yr10 October 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1201, Tiara - Tanzanite

What is 1201 worth today?

Last sold for AED 3,500,000 in 2013

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10 Oct 2017RentedNew contract
AED 135,000/yr12 months · AED 80 per sqft
14 Jun 2016RentedNew contract
AED 195,000/yr12 months · AED 116 per sqft
23 Jul 2013SoldReady
AED 3,500,000AED 2,087 per sqft
5 Sep 2011SoldReady
AED 3,357,900AED 2,002 per sqft
1 Mar 2009Sold by developerOff-plan
AED 3,357,900AED 2,002 per sqft

Source: Dubai Land Department. Updated 10 October 2017.

Key facts

Type
2-bed apartment
Size
1,677 sqft
Floor
12th of 12
Parking
2484
Developer
Zabeel Investments
Completed
2009
Service charge
AED 29,200 /yr
Last sold
AED 3.5M · July 2013

About 1201, Tiara - Tanzanite

1201 is a two-bedroom apartment of 1,677 sqft on the 12th floor of Tiara - Tanzanite, a 12-storey tower in Palm Jumeirah completed in 2009 by Zabeel Investments. It last sold on 23 July 2013 for AED 3,500,000, or AED 2,087 per sqft, 25% above the AED 1,669 two-beds in the building were fetching at the time.

It has been rented since 2016 on 2 Ejari contracts. The current contract, signed on 10 October 2017, is AED 135,000 a year: a gross yield of 3.9% on the 2013 price, before the service charge of about AED 29,200 a year.

Sales and rents for 1201 over time

Sales
Unit 1201, 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, March 2009: AED 3,357,900 (AED 2,002 per sqft)Sold, September 2011: AED 3,357,900 (AED 2,002 per sqft)Sold, July 2013: AED 3,500,000 (AED 2,087 per sqft)

1201 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1201, 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, June 2016: AED 195,000 a yearNew contract, October 2017: AED 135,000 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 1201 sits

All 30 2-beds →

1201 last sold in July 2013 at AED 2,087 per sqft, 25% above what two-beds in Tiara - Tanzanite were fetching at the time (AED 1,669). 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. 1201's AED 135,000 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 12th floor

All 79 units in Tiara - Tanzanite
Value
12023-bedAED 5.1M · Mar 2014
12031-bedAED 1.72M · Sep 2018
12041-bedAED 2.85M · Nov 2017
12053-bedAED 2.75M · Dec 2024
12062-bedAED 2.02M · Dec 2019

1201, Tiara - Tanzanite in numbers

  • Sold 3 times: first on 1 March 2009 for AED 3,357,900, last on 23 July 2013 for AED 3,500,000 (AED 2,087 per sqft).
  • Rented since June 2016 on 2 Ejari contracts, from AED 195,000 to AED 135,000 a year.
  • At AED 135,000 a year the gross yield on the 2013 price is 3.9%, 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 10 October 2017.

Questions about 1201, Tiara - Tanzanite

What did unit 1201 last sell for?

AED 3,500,000 on 23 July 2013: AED 2,087 per sqft for 1,677 sqft. The unit has 3 registered sales; the first was AED 3,357,900 in March 2009.

What is the rent for unit 1201?

AED 135,000 a year on the contract signed on 10 October 2017. The previous contract, from June 2016, was AED 195,000.

How big is unit 1201?

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

What is unit 1201 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 1201, Tiara - Tanzanite

Starts from the last sale price (AED 3.5M, 23 July 2013). Switch to today's estimate once you have unlocked it.
Price
AED 3,500,000
Deposit, UAE resident (20%)
AED 700,000
Deposit, non-resident (40%)
AED 1,400,000
Monthly over 25 years at 3.7%
AED 14,320

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