1-bed · 1,299 sqftTiara - Tanzanite, Palm Jumeirah · 6th floor · completed 2009

603, Tiara - Tanzanite

Sold prices and rental history: sold 3 times, last in May 2019, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 603 · DLD and Ejari recordsUpdated 27 May 2019
Last soldAED 2M27 May 2019
Current rentAED 100K /yr1 September 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 603, Tiara - Tanzanite

What is 603 worth today?

Last sold for AED 2,000,000 in 2019

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27 May 2019SoldReady
AED 2,000,000AED 1,539 per sqft
1 Sep 2018RentedNew contract
AED 100,000/yr12 months · AED 77 per sqft
29 Mar 2018RentedNew contract
AED 100,000/yr12 months · AED 77 per sqft
29 Mar 2017RentedNew contract
AED 100,000/yr12 months · AED 77 per sqft
13 Feb 2017SoldReady
AED 2,550,000AED 1,963 per sqft
11 Oct 2012Sold by developerReady
AED 2,150,000AED 1,655 per sqft

Source: Dubai Land Department. Updated 27 May 2019.

Key facts

Type
1-bed apartment
Size
1,299 sqft
Floor
6th of 12
Parking
2491
Developer
Zabeel Investments
Completed
2009
Service charge
AED 22,600 /yr
Last sold
AED 2M · May 2019

About 603, Tiara - Tanzanite

603 is a one-bedroom apartment of 1,299 sqft on the 6th floor of Tiara - Tanzanite, a 12-storey tower in Palm Jumeirah completed in 2009 by Zabeel Investments. It last sold on 27 May 2019 for AED 2,000,000, or AED 1,539 per sqft, in line with the AED 1,539 one-beds in the building were fetching at the time.

It has been rented since 2017 on 3 Ejari contracts. The current contract, signed on 1 September 2018, is AED 100,000 a year: a gross yield of 5.0% on the 2019 price, before the service charge of about AED 22,600 a year.

Sales and rents for 603 over time

Sales
Unit 603, each saleTypical one-bed in Tiara - Tanzanite
2M3M2009201320172021Typical sale price by year: 2009 AED 2,466,400; 2010 AED 2,190,284; 2011 AED 2,175,231; 2012 AED 2,175,231; 2013 AED 2,067,555; 2014 AED 3,100,000; 2017 AED 2,550,000; 2018 AED 2,100,000; 2019 AED 1,630,000; 2021 AED 1,650,000; 2022 AED 2,302,500; 2023 AED 2,950,000Sold by developer, October 2012: AED 2,150,000 (AED 1,655 per sqft)Sold, February 2017: AED 2,550,000 (AED 1,963 per sqft)Sold, May 2019: AED 2,000,000 (AED 1,539 per sqft)

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

Rents
Unit 603, each contractTypical one-bed in Tiara - Tanzanite
100K150K200K2013201720212025Typical rent by year: 2013 AED 137,500; 2014 AED 152,250; 2015 AED 155,000; 2016 AED 150,000; 2017 AED 155,000; 2018 AED 132,500; 2019 AED 127,500; 2020 AED 114,000; 2021 AED 112,000; 2022 AED 120,000; 2023 AED 135,000; 2024 AED 167,500; 2025 AED 190,000; 2026 AED 168,000New contract, March 2017: AED 100,000 a yearNew contract, March 2018: AED 100,000 a yearNew contract, September 2018: AED 100,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Tiara - Tanzanite, and where 603 sits

All 34 1-beds →

603 last sold in May 2019 at AED 1,539 per sqft, in line with what one-beds in Tiara - Tanzanite were fetching at the time (AED 1,539). Over the last 12 months one-beds sold for AED 3,950,000, around AED 3,040 per sqft, and rent for AED 140,000 to 250,000 a year. 603's AED 100,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
13 Feb 20263,950,000
22 Oct 20255,600,000
12 Dec 20233,150,000
14 Nov 20232,900,000
1 1-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 6th floor

All 79 units in Tiara - Tanzanite
Value
6012-bedAED 2.97M · Jun 2011
6023-bedAED 8M · Aug 2025
6041-bedAED 2.19M · May 2010
6053-bedAED 4.29M · Jan 2011
6062-bedAED 5M · May 2025

603, Tiara - Tanzanite in numbers

  • Sold 3 times: first on 11 October 2012 for AED 2,150,000, last on 27 May 2019 for AED 2,000,000 (AED 1,539 per sqft).
  • Rented since March 2017 on 3 Ejari contracts, at AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2019 price is 5.0%, before a service charge of about AED 22,600 a year (AED 17.41 per sqft).
  • One-beds in Tiara - Tanzanite sold for AED 3,950,000–3,950,000 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 27 May 2019.

Questions about 603, Tiara - Tanzanite

What did unit 603 last sell for?

AED 2,000,000 on 27 May 2019: AED 1,539 per sqft for 1,299 sqft. The unit has 3 registered sales; the first was AED 2,150,000 in October 2012.

What is the rent for unit 603?

AED 100,000 a year on the contract signed on 1 September 2018. The previous contract, from March 2018, was AED 100,000; the unit has been rented since March 2017.

How big is unit 603?

1,299 sqft (120.7 sqm): a one-bedroom apartment on the 6th floor of a 12-storey tower completed in 2009.

What is unit 603 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Tiara - Tanzanite sold for AED 3,950,000 to 3,950,000 in the last 12 months, around AED 3,040 per sqft.

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Mortgage on 603, Tiara - Tanzanite

Starts from the last sale price (AED 2M, 27 May 2019). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

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