2-bed · 1,900 sqftTiara - Tanzanite, Palm Jumeirah · Ground floor · completed 2009

G08, 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 G08 · DLD and Ejari recordsUpdated 14 July 2022
Last soldAED 1.15M3 October 2021
Current rentAED 225K /yr14 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for G08, Tiara - Tanzanite

What is G08 worth today?

Last sold for AED 1,150,000 in 2021

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14 Jul 2022RentedNew contract
AED 225,000/yr12 months · AED 118 per sqft
3 Oct 2021SoldReady
AED 1,150,000AED 605 per sqft
12 May 2020SoldReady
AED 1,725,000AED 907 per sqft
15 Sep 2018RentedRenewal
AED 155,000/yr12 months · AED 81 per sqft
15 Sep 2017RentedNew contract
AED 165,000/yr12 months · AED 87 per sqft
10 May 2016RentedRenewal
AED 175,000/yr9 months · AED 92 per sqft
10 May 2015RentedNew contract
AED 175,000/yr12 months · AED 92 per sqft
27 Jan 2014RentedNew contract
AED 220,000/yr12 months · AED 115 per sqft

Source: Dubai Land Department. Updated 14 July 2022.

Key facts

Type
2-bed apartment
Size
1,900 sqft
Floor
Ground of 12
Parking
2502,2503
Developer
Zabeel Investments
Completed
2009
Service charge
AED 33,100 /yr
Last sold
AED 1.15M · October 2021

About G08, Tiara - Tanzanite

G08 is a two-bedroom apartment of 1,900 sqft on the ground floor of Tiara - Tanzanite, a 12-storey tower in Palm Jumeirah completed in 2009 by Zabeel Investments. It last sold on 3 October 2021 for AED 1,150,000, or AED 605 per sqft, 54% below the AED 1,314 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, signed on 14 July 2022, is AED 225,000 a year: a gross yield of 19.6% on the 2021 price, before the service charge of about AED 33,100 a year.

Sales and rents for G08 over time

Sales
Unit G08, each saleTypical two-bed in Tiara - Tanzanite
2.5M5M2009201420192024Typical 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 2012: AED 2,700,000 (AED 1,421 per sqft)Sold, December 2013: AED 3,400,000 (AED 1,789 per sqft)Sold, May 2020: AED 1,725,000 (AED 907 per sqft)Sold, October 2021: AED 1,150,000 (AED 605 per sqft)

G08 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit G08, 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, January 2014: AED 220,000 a yearNew contract, May 2015: AED 175,000 a yearRenewal, May 2016: AED 175,000 a yearNew contract, September 2017: AED 165,000 a yearRenewal, September 2018: AED 155,000 a yearNew contract, July 2022: AED 225,000 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 G08 sits

All 30 2-beds →

G08 last sold in October 2021 at AED 605 per sqft, 54% below what two-beds in Tiara - Tanzanite were fetching at the time (AED 1,314). 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. G08's AED 225,000 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 ground floor

All 79 units in Tiara - Tanzanite
Value
G012-bedAED 5M · Oct 2026
G021-bedAED 2.23M · Feb 2022
G031-bedAED 1.87M · Dec 2013
G041-bedAED 2.6M · Sep 2022
G051-bedAED 2.38M · Feb 2022
G061-bedAED 1.63M · Jul 2019
G071-bedAED 2.2M · May 2022

G08, Tiara - Tanzanite in numbers

  • Sold 4 times: first on 19 September 2012 for AED 2,700,000, last on 3 October 2021 for AED 1,150,000 (AED 605 per sqft).
  • Rented since January 2014 on 6 Ejari contracts. The rent fell from AED 220,000 to AED 155,000 in 2018 and recovered to AED 225,000 by July 2022.
  • At AED 225,000 a year the gross yield on the 2021 price is 19.6%, before a service charge of about AED 33,100 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 14 July 2022.

Questions about G08, Tiara - Tanzanite

What did unit G08 last sell for?

AED 1,150,000 on 3 October 2021: AED 605 per sqft for 1,900 sqft. The unit has 4 registered sales; the first was AED 2,700,000 in September 2012.

What is the rent for unit G08?

AED 225,000 a year on the contract signed on 14 July 2022. The previous contract, from September 2018, was AED 155,000; the unit has been rented since January 2014.

How big is unit G08?

1,900 sqft (176.5 sqm): a two-bedroom apartment on the ground floor of a 12-storey tower completed in 2009.

What is unit G08 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 G08, Tiara - Tanzanite

Starts from the last sale price (AED 1.15M, 3 October 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,150,000
Deposit, UAE resident (20%)
AED 230,000
Deposit, non-resident (40%)
AED 460,000
Monthly over 25 years at 3.7%
AED 4,705

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