3-bed · 2,266 sqftTiara - Tanzanite, Palm Jumeirah · 3rd floor · completed 2009

302, Tiara - Tanzanite

Sold prices and rental history: sold twice, last in June 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 302 · DLD and Ejari recordsUpdated 12 June 2023
Last soldAED 4.2M12 June 2023
Current rentAED 165K /yr15 July 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 302, Tiara - Tanzanite

What is 302 worth today?

Last sold for AED 4,200,000 in 2023

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12 Jun 2023SoldReady
AED 4,200,000AED 1,853 per sqft
15 Jul 2021RentedRenewal
AED 165,000/yr12 months · AED 73 per sqft
2 Oct 2019RentedRenewal
AED 190,000/yr12 months · AED 84 per sqft
6 Sep 2018RentedNew contract
AED 186,529/yr13 months · AED 82 per sqft
15 Aug 2017RentedRenewal
AED 230,000/yr12 months · AED 101 per sqft
15 Aug 2016RentedRenewal
AED 235,000/yr12 months · AED 103 per sqft
15 Aug 2015RentedRenewal
AED 250,000/yr12 months · AED 110 per sqft
15 Aug 2014RentedNew contract
AED 250,000/yr12 months · AED 110 per sqft

Source: Dubai Land Department. Updated 12 June 2023.

Key facts

Type
3-bed apartment
Size
2,266 sqft
Floor
3rd of 12
Parking
1366, 1367
Developer
Zabeel Investments
Completed
2009
Service charge
AED 39,500 /yr
Last sold
AED 4.2M · June 2023

About 302, Tiara - Tanzanite

302 is a three-bedroom apartment of 2,266 sqft on the 3rd floor of Tiara - Tanzanite, a 12-storey tower in Palm Jumeirah completed in 2009 by Zabeel Investments. It last sold on 12 June 2023 for AED 4,200,000, or AED 1,853 per sqft, in line with the AED 1,853 three-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, renewed on 15 July 2021, is AED 165,000 a year: a gross yield of 3.9% on the 2023 price, before the service charge of about AED 39,500 a year.

Sales and rents for 302 over time

Sales
Unit 302, each saleTypical three-bed in Tiara - Tanzanite
5M10M2009201420192024Typical sale price by year: 2009 AED 4,410,800; 2011 AED 4,530,000; 2012 AED 3,953,710; 2013 AED 3,820,555; 2014 AED 5,100,000; 2025 AED 9,750,000Sold by developer, January 2013: AED 3,555,555 (AED 1,569 per sqft)Sold, June 2023: AED 4,200,000 (AED 1,853 per sqft)

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

Rents
Unit 302, each contractTypical three-bed in Tiara - Tanzanite
200K300K2013201720212025Typical rent by year: 2013 AED 275,000; 2014 AED 341,305; 2015 AED 310,000; 2016 AED 310,000; 2017 AED 276,500; 2018 AED 255,000; 2019 AED 235,000; 2020 AED 197,500; 2021 AED 190,000; 2022 AED 260,000; 2023 AED 285,000; 2024 AED 307,500; 2025 AED 305,000; 2026 AED 311,750New contract, August 2014: AED 250,000 a yearRenewal, August 2015: AED 250,000 a yearRenewal, August 2016: AED 235,000 a yearRenewal, August 2017: AED 230,000 a yearNew contract, September 2018: AED 186,529 a yearRenewal, October 2019: AED 190,000 a yearRenewal, July 2021: AED 165,000 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 - Tanzanite, and where 302 sits

All 25 3-beds →

302 last sold in June 2023 at AED 1,853 per sqft, in line with what three-beds in Tiara - Tanzanite were fetching at the time (AED 1,853). Over the last 12 months three-beds sold for AED 8,200,000, around AED 3,428 per sqft, and rent for AED 235,000 to 630,000 a year. 302's AED 165,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
24 Aug 20268,200,000
5 Aug 20258,000,000
26 May 202511,500,000
16 May 202512,140,514
1 3-bed sale 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 3rd floor

All 79 units in Tiara - Tanzanite
Value
3012-bedAED 2.45M · Jul 2011
3031-bedAED 2.9M · Nov 2023
3041-bedAED 3.15M · May 2014
3053-bedAED 4.85M · Jan 2011
3062-bedAED 4.2M · Oct 2023

302, Tiara - Tanzanite in numbers

  • Sold twice: first on 21 January 2013 for AED 3,555,555, last on 12 June 2023 for AED 4,200,000 (AED 1,853 per sqft).
  • Rented since August 2014 on 7 Ejari contracts, from AED 250,000 to AED 165,000 a year.
  • At AED 165,000 a year the gross yield on the 2023 price is 3.9%, before a service charge of about AED 39,500 a year (AED 17.41 per sqft).
  • Three-beds in Tiara - Tanzanite 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 3,428 per sqft.

Source: Dubai Land Department. Updated 12 June 2023.

Questions about 302, Tiara - Tanzanite

What did unit 302 last sell for?

AED 4,200,000 on 12 June 2023: AED 1,853 per sqft for 2,266 sqft. The unit has 2 registered sales; the first was AED 3,555,555 in January 2013.

What is the rent for unit 302?

AED 165,000 a year on the contract renewed on 15 July 2021. The previous contract, from October 2019, was AED 190,000; the unit has been rented since August 2014.

How big is unit 302?

2,266 sqft (210.5 sqm): a three-bedroom apartment on the 3rd floor of a 12-storey tower completed in 2009.

What is unit 302 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Tiara - Tanzanite sold for AED 8,200,000 to 8,200,000 in the last 12 months, around AED 3,428 per sqft.

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Mortgage on 302, Tiara - Tanzanite

Starts from the last sale price (AED 4.2M, 12 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 4,200,000
Deposit, UAE resident (20%)
AED 840,000
Deposit, non-resident (40%)
AED 1,680,000
Monthly over 25 years at 3.7%
AED 17,184

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