2-bed · 1,677 sqftTiara - Tanzanite, Palm Jumeirah · 5th floor · completed 2009

501, Tiara - Tanzanite

Sold prices and rental history: sold once, by the developer in May 2010, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 501 · DLD and Ejari recordsUpdated 29 February 2024
Last soldAED 2.68M20 May 2010
Current rentAED 240K /yr29 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 501, Tiara - Tanzanite

What is 501 worth today?

Last sold for AED 2,677,568 in 2010

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29 Feb 2024RentedNew contract
AED 240,000/yr12 months · AED 143 per sqft
19 May 2023RentedRenewal
AED 220,000/yr12 months · AED 131 per sqft
18 May 2022RentedNew contract
AED 219,410/yr12 months · AED 131 per sqft
10 Jan 2021RentedNew contract
AED 145,000/yr12 months · AED 86 per sqft
12 Dec 2019RentedNew contract
AED 162,000/yr12 months · AED 96 per sqft
22 May 2018RentedRenewal
AED 215,000/yr12 months · AED 128 per sqft
22 May 2017RentedRenewal
AED 215,000/yr12 months · AED 128 per sqft
22 May 2016RentedRenewal
AED 215,000/yr12 months · AED 128 per sqft

Source: Dubai Land Department. Updated 29 February 2024.

Key facts

Type
2-bed apartment
Size
1,677 sqft
Floor
5th of 12
Parking
1345
Developer
Zabeel Investments
Completed
2009
Service charge
AED 29,200 /yr
Last sold
AED 2.68M · May 2010

About 501, Tiara - Tanzanite

501 is a two-bedroom apartment of 1,677 sqft on the 5th floor of Tiara - Tanzanite, a 12-storey tower in Palm Jumeirah completed in 2009 by Zabeel Investments. The developer sold it on 20 May 2010 for AED 2,677,568, or AED 1,596 per sqft.

It has been rented continuously since 2015 on 9 Ejari contracts. The current contract, signed on 29 February 2024, is AED 240,000 a year: a gross yield of 9.0% on the 2010 price, before the service charge of about AED 29,200 a year.

Sales and rents for 501 over time

Sales
Unit 501, 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, May 2010: AED 2,677,568 (AED 1,596 per sqft)

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

Rents
Unit 501, each contractTypical two-bed in Tiara - Tanzanite
150K200K250K2013201720212025Typical 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, May 2015: AED 215,000 a yearRenewal, May 2016: AED 215,000 a yearRenewal, May 2017: AED 215,000 a yearRenewal, May 2018: AED 215,000 a yearNew contract, December 2019: AED 162,000 a yearNew contract, January 2021: AED 145,000 a yearNew contract, May 2022: AED 219,410 a yearRenewal, May 2023: AED 220,000 a yearNew contract, February 2024: AED 240,000 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 501 sits

All 30 2-beds →

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. 501's AED 240,000 is in the lower half 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 5th floor

All 79 units in Tiara - Tanzanite
Value
5023-bedAED 3.9M · Apr 2013
5031-bedAED 2.18M · Nov 2012
5041-bedAED 2.18M · Sep 2011
5053-bedAED 4.85M · Apr 2021
5062-bedAED 3.02M · May 2016

501, Tiara - Tanzanite in numbers

  • Sold once: by Zabeel Investments on 20 May 2010 for AED 2,677,568, or AED 1,596 per sqft.
  • Rented since May 2015 on 9 Ejari contracts. The rent fell from AED 215,000 to AED 145,000 in 2021 and recovered to AED 240,000 by February 2024.
  • At AED 240,000 a year the gross yield on the 2010 price is 9.0%, 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 29 February 2024.

Questions about 501, Tiara - Tanzanite

What did unit 501 last sell for?

AED 2,677,568 on 20 May 2010, sold by the developer: AED 1,596 per sqft for 1,677 sqft. It is the only registered sale of the unit.

What is the rent for unit 501?

AED 240,000 a year on the contract signed on 29 February 2024. The previous contract, from May 2023, was AED 220,000; the unit has been rented since May 2015.

How big is unit 501?

1,677 sqft (155.8 sqm): a two-bedroom apartment on the 5th floor of a 12-storey tower completed in 2009.

What is unit 501 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 501, Tiara - Tanzanite

Starts from the last sale price (AED 2.68M, 20 May 2010). Switch to today's estimate once you have unlocked it.
Price
AED 2,677,568
Deposit, UAE resident (20%)
AED 535,514
Deposit, non-resident (40%)
AED 1,071,027
Monthly over 25 years at 3.7%
AED 10,955

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