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2-bed · 1,677 sqftTiara - Tanzanite, Palm Jumeirah · 3rd floor · completed 2009

306, Tiara - Tanzanite

Sold prices and rental history: sold 3 times, last in October 2023, and rented once, from September 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 306 · DLD and Ejari recordsUpdated 17 October 2023
Last soldAED 4.2M17 October 2023
Current rentAED 170K /yr15 September 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 306, Tiara - Tanzanite

What is 306 worth today?

Last sold for AED 4,200,000 in 2023

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17 Oct 2023SoldReady
AED 4,200,000AED 2,504 per sqft
15 Sep 2016RentedNew contract
AED 170,000/yr12 months · AED 101 per sqft
13 Jul 2011SoldReady
AED 2,500,000AED 1,490 per sqft
14 Sep 2010Sold by developerOff-plan
AED 2,500,000AED 1,490 per sqft

Source: Dubai Land Department. Updated 17 October 2023.

Key facts

Type
2-bed apartment
Size
1,677 sqft
Floor
3rd of 12
Parking
1348
Developer
Zabeel Investments
Completed
2009
Service charge
AED 29,200 /yr
Last sold
AED 4.2M · October 2023
Building
Tiara - Tanzanite

About 306, Tiara - Tanzanite

306 is a two-bedroom apartment of 1,677 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 17 October 2023 for AED 4,200,000, or AED 2,504 per sqft, 8% above the AED 2,325 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 15 September 2016. The current contract, signed on 15 September 2016, is AED 170,000 a year: a gross yield of 4.0% on the 2023 price, before the service charge of about AED 29,200 a year.

Sales and rents for 306 over time

Sales
Unit 306, 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, September 2010: AED 2,500,000 (AED 1,490 per sqft)Sold, July 2011: AED 2,500,000 (AED 1,490 per sqft)Sold, October 2023: AED 4,200,000 (AED 2,504 per sqft)

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

Rents
Unit 306, 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, September 2016: AED 170,000 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 306 sits

All 30 2-beds →

306 last sold in October 2023 at AED 2,504 per sqft, 8% above what two-beds in Tiara - Tanzanite were fetching at the time (AED 2,325). 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. 306's AED 170,000 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 3rd floor

All 79 units in Tiara - Tanzanite
Value
3012-bedAED 2.45M · Jul 2011
3023-bedAED 4.2M · Jun 2023
3031-bedAED 2.9M · Nov 2023
3041-bedAED 3.15M · May 2014
3053-bedAED 4.85M · Jan 2011

306, Tiara - Tanzanite in numbers

  • Sold 3 times: first on 14 September 2010 for AED 2,500,000, last on 17 October 2023 for AED 4,200,000 (AED 2,504 per sqft).
  • Rented since September 2016 on one Ejari contract, at AED 170,000 a year.
  • At AED 170,000 a year the gross yield on the 2023 price is 4.0%, 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 17 October 2023.

Questions about 306, Tiara - Tanzanite

What did unit 306 last sell for?

AED 4,200,000 on 17 October 2023: AED 2,504 per sqft for 1,677 sqft. The unit has 3 registered sales; the first was AED 2,500,000 in September 2010.

What is the rent for unit 306?

AED 170,000 a year on the contract signed on 15 September 2016.

How big is unit 306?

1,677 sqft (155.8 sqm): a two-bedroom apartment on the 3rd floor of a 12-storey tower completed in 2009.

What is unit 306 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 306, Tiara - Tanzanite

Starts from the last sale price (AED 4.2M, 17 October 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 →