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1-bed · 1,296 sqftTiara - Tanzanite, Palm Jumeirah · 7th floor · completed 2009

704, Tiara - Tanzanite

Sold prices and rental history: sold 4 times, last in October 2021, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 704 · DLD and Ejari recordsUpdated 7 October 2021
Last soldAED 2.18M7 October 2021
Current rentAED 98K /yr7 October 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 704, Tiara - Tanzanite

What is 704 worth today?

Last sold for AED 2,175,000 in 2021

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7 Oct 2021SoldReady
AED 2,175,000AED 1,678 per sqft
7 Oct 2021RentedNew contract
AED 98,419/yr10 months · AED 76 per sqft
1 Jul 2021RentedRenewal
AED 110,000/yr12 months · AED 85 per sqft
1 Jul 2020RentedRenewal
AED 108,000/yr12 months · AED 84 per sqft
1 Jul 2019RentedNew contract
AED 120,000/yr12 months · AED 93 per sqft
22 May 2018RentedNew contract
AED 155,000/yr12 months · AED 120 per sqft
16 Jan 2018SoldReady
AED 2,300,000AED 1,774 per sqft
22 May 2017RentedRenewal
AED 155,000/yr12 months · AED 120 per sqft

Source: Dubai Land Department. Updated 7 October 2021.

Key facts

Type
1-bed apartment
Size
1,296 sqft
Floor
7th of 12
Parking
2494
Developer
Zabeel Investments
Completed
2009
Service charge
AED 22,600 /yr
Last sold
AED 2.18M · October 2021
Building
Tiara - Tanzanite

About 704, Tiara - Tanzanite

704 is a one-bedroom apartment of 1,296 sqft on the 7th floor of Tiara - Tanzanite, a 12-storey tower in Palm Jumeirah completed in 2009 by Zabeel Investments. It last sold on 7 October 2021 for AED 2,175,000, or AED 1,678 per sqft.

It has been rented continuously since 2014 on 9 Ejari contracts. The current contract, signed on 7 October 2021, is AED 98,419 a year: a gross yield of 4.5% on the 2021 price, before the service charge of about AED 22,600 a year.

Sales and rents for 704 over time

Sales
Unit 704, 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, March 2009: AED 2,439,900 (AED 1,882 per sqft)Sold, June 2012: AED 2,439,900 (AED 1,882 per sqft)Sold, January 2018: AED 2,300,000 (AED 1,774 per sqft)Sold, October 2021: AED 2,175,000 (AED 1,678 per sqft)

704 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 704, 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, May 2014: AED 155,000 a yearRenewal, May 2015: AED 155,000 a yearRenewal, May 2016: AED 155,000 a yearRenewal, May 2017: AED 155,000 a yearNew contract, May 2018: AED 155,000 a yearNew contract, July 2019: AED 120,000 a yearRenewal, July 2020: AED 108,000 a yearRenewal, July 2021: AED 110,000 a yearNew contract, October 2021: AED 98,419 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 704 sits

All 34 1-beds →

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. 704's AED 98,419 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 7th floor

All 79 units in Tiara - Tanzanite
Value
7012-bedAED 3.7M · Apr 2022
7023-bedAED 4.8M · Mar 2012
7031-bedAED 1.94M · Sep 2016
7053-bedAED 5M · Jan 2019
7062-bedAED 3.9M · May 2023

704, Tiara - Tanzanite in numbers

  • Sold 4 times: first on 1 March 2009 for AED 2,439,900, last on 7 October 2021 for AED 2,175,000 (AED 1,678 per sqft).
  • Rented since May 2014 on 9 Ejari contracts, from AED 155,000 to AED 98,419 a year.
  • At AED 98,419 a year the gross yield on the 2021 price is 4.5%, 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 7 October 2021.

Questions about 704, Tiara - Tanzanite

What did unit 704 last sell for?

AED 2,175,000 on 7 October 2021: AED 1,678 per sqft for 1,296 sqft. The unit has 4 registered sales; the first was AED 2,439,900 in March 2009.

What is the rent for unit 704?

AED 98,419 a year on the contract signed on 7 October 2021. The previous contract, from July 2021, was AED 110,000; the unit has been rented since May 2014.

How big is unit 704?

1,296 sqft (120.4 sqm): a one-bedroom apartment on the 7th floor of a 12-storey tower completed in 2009.

What is unit 704 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 704, Tiara - Tanzanite

Starts from the last sale price (AED 2.18M, 7 October 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,175,000
Deposit, UAE resident (20%)
AED 435,000
Deposit, non-resident (40%)
AED 870,000
Monthly over 25 years at 3.7%
AED 8,899

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