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1-bed · 1,849 sqftTiara - Tanzanite, Palm Jumeirah · completed 2009

P01, Tiara - Tanzanite

Sold prices and rental history: sold twice, last in July 2019, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit P01 · DLD and Ejari recordsUpdated 25 July 2019
Last soldAED 1.55M25 July 2019
Current rentAED 130K /yr1 March 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for P01, Tiara - Tanzanite

What is P01 worth today?

Last sold for AED 1,545,000 in 2019

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25 Jul 2019SoldReady
AED 1,545,000AED 835 per sqft
1 Mar 2016RentedNew contract
AED 129,651/yr12 months · AED 70 per sqft
1 Jan 2014RentedNew contract
AED 130,000/yr12 months · AED 70 per sqft
26 Sep 2013Sold by developerReady
AED 1,940,555AED 1,049 per sqft

Source: Dubai Land Department. Updated 25 July 2019.

Key facts

Type
1-bed apartment
Size
1,849 sqft
Parking
1490, 1491
Developer
Zabeel Investments
Completed
2009
Service charge
AED 32,200 /yr
Last sold
AED 1.55M · July 2019
Building
Tiara - Tanzanite

About P01, Tiara - Tanzanite

P01 is a one-bedroom apartment of 1,849 sqft of Tiara - Tanzanite, a 12-storey tower in Palm Jumeirah completed in 2009 by Zabeel Investments. It last sold on 25 July 2019 for AED 1,545,000, or AED 835 per sqft, 37% below the AED 1,324 one-beds in the building were fetching at the time.

It has been rented since 2014 on 2 Ejari contracts. The current contract, signed on 1 March 2016, is AED 129,651 a year: a gross yield of 8.4% on the 2019 price, before the service charge of about AED 32,200 a year.

Sales and rents for P01 over time

Sales
Unit P01, 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, September 2013: AED 1,940,555 (AED 1,049 per sqft)Sold, July 2019: AED 1,545,000 (AED 835 per sqft)

P01 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit P01, 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, January 2014: AED 130,000 a yearNew contract, March 2016: AED 129,651 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 P01 sits

All 34 1-beds →

P01 last sold in July 2019 at AED 835 per sqft, 37% below what one-beds in Tiara - Tanzanite were fetching at the time (AED 1,324). 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. P01's AED 129,651 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 →

P01, Tiara - Tanzanite in numbers

  • Sold twice: first on 26 September 2013 for AED 1,940,555, last on 25 July 2019 for AED 1,545,000 (AED 835 per sqft).
  • Rented since January 2014 on 2 Ejari contracts, from AED 130,000 to AED 129,651 a year.
  • At AED 129,651 a year the gross yield on the 2019 price is 8.4%, before a service charge of about AED 32,200 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 25 July 2019.

Questions about P01, Tiara - Tanzanite

What did unit P01 last sell for?

AED 1,545,000 on 25 July 2019: AED 835 per sqft for 1,849 sqft. The unit has 2 registered sales; the first was AED 1,940,555 in September 2013.

What is the rent for unit P01?

AED 129,651 a year on the contract signed on 1 March 2016. The previous contract, from January 2014, was AED 130,000.

How big is unit P01?

1,849 sqft (171.8 sqm): a one-bedroom apartment of a 12-storey tower completed in 2009.

What is unit P01 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 P01, Tiara - Tanzanite

Starts from the last sale price (AED 1.55M, 25 July 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,545,000
Deposit, UAE resident (20%)
AED 309,000
Deposit, non-resident (40%)
AED 618,000
Monthly over 25 years at 3.7%
AED 6,321

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