3-bed · 2,266 sqftTiara - Tanzanite, Palm Jumeirah · 4th floor · completed 2009

402, Tiara - Tanzanite

Sold prices and rental history: sold twice, last in November 2012, and rented once, from June 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 402 · DLD and Ejari recordsUpdated 2 June 2014
Last soldAED 3.8M21 November 2012
Current rentAED 150K /yr2 June 2014
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 402, Tiara - Tanzanite

What is 402 worth today?

Last sold for AED 3,800,000 in 2012

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2 Jun 2014RentedNew contract
AED 150,000/yr24 months · AED 66 per sqft
21 Nov 2012SoldReady
AED 3,800,000AED 1,676 per sqft
5 Nov 2012Sold by developerReady
AED 3,953,710AED 1,744 per sqft

Source: Dubai Land Department. Updated 2 June 2014.

Key facts

Type
3-bed apartment
Size
2,266 sqft
Floor
4th of 12
Parking
1364, 1365
Developer
Zabeel Investments
Completed
2009
Service charge
AED 39,500 /yr
Last sold
AED 3.8M · November 2012

About 402, Tiara - Tanzanite

402 is a three-bedroom apartment of 2,266 sqft on the 4th floor of Tiara - Tanzanite, a 12-storey tower in Palm Jumeirah completed in 2009 by Zabeel Investments. It last sold on 21 November 2012 for AED 3,800,000, or AED 1,676 per sqft, in line with the AED 1,710 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 2 June 2014. The current contract, signed on 2 June 2014, is AED 150,000 a year: a gross yield of 4.0% on the 2012 price, before the service charge of about AED 39,500 a year.

Sales and rents for 402 over time

Sales
Unit 402, 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, November 2012: AED 3,800,000 (AED 1,676 per sqft)Sold by developer, November 2012: AED 3,953,710 (AED 1,744 per sqft)

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

Rents
Unit 402, 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, June 2014: AED 150,000 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 402 sits

All 25 3-beds →

402 last sold in November 2012 at AED 1,676 per sqft, in line with what three-beds in Tiara - Tanzanite were fetching at the time (AED 1,710). 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. 402's AED 150,000 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 4th floor

All 79 units in Tiara - Tanzanite
Value
4012-bedAED 2.3M · Feb 2021
4031-bedAED 2.15M · Sep 2012
4041-bedAED 2.85M · Nov 2014
4053-bedAED 3.92M · Jan 2014
4062-bedAED 2.5M · Mar 2012

402, Tiara - Tanzanite in numbers

  • Sold twice: first on 5 November 2012 for AED 3,953,710, last on 21 November 2012 for AED 3,800,000 (AED 1,676 per sqft).
  • Rented since June 2014 on one Ejari contract, at AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2012 price is 4.0%, 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 2 June 2014.

Questions about 402, Tiara - Tanzanite

What did unit 402 last sell for?

AED 3,800,000 on 21 November 2012: AED 1,676 per sqft for 2,266 sqft. The unit has 2 registered sales; the first was AED 3,953,710 in November 2012.

What is the rent for unit 402?

AED 150,000 a year on the contract signed on 2 June 2014.

How big is unit 402?

2,266 sqft (210.5 sqm): a three-bedroom apartment on the 4th floor of a 12-storey tower completed in 2009.

What is unit 402 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 402, Tiara - Tanzanite

Starts from the last sale price (AED 3.8M, 21 November 2012). 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 →