Unit 118, Tasmeer Residence: what it sold for and what it is worth now

Unit 118 at Tasmeer Residence is a 1 bed of 1,020 sq ft. It last sold for AED 519,631 on 22 Feb 2022. At AED 509 per sq ft, from 3 sales of units ending 18 (same position in the tower), it is worth about AED 520,000 today.

Value todayAED 520,000AED 514,000 to AED 520,000
Last saleAED 519,63122 Feb 2022 · Resale
Change since last sale+0.1%Building trend alone: AED 519,631
Rent (median asking, 1 bed)AED 67,000Gross yield 12.9%
Bedrooms1 bed
Size1,020 sq ft
Floor1 (from the unit number)
Position in the towerStack 18: units ending 18 share the same layout and view
BuildingTasmeer Residence by Tasmeer Development, handed over 2018
Registered sales of this unit1

Every registered sale of unit 118

DatePriceSizeAED/sq ftType
22 Feb 2022AED 519,6311,020 sq ft509Resale

Units ending 18 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
4186 Jun 2022AED 500,5001,003 sq ft499Resale
21822 Feb 2022AED 517,6031,016 sq ft509Resale

Latest 1 bed sales in Tasmeer Residence

UnitDatePriceSizeAED/sq ftType
3156 Jun 2022AED 496,125947 sq ft524Resale
2236 Jun 2022AED 645,6601,269 sq ft509Resale
1166 Jun 2022AED 493,360883 sq ft559Resale
1136 Jun 2022AED 486,080870 sq ft559Resale
G036 Jun 2022AED 484,470771 sq ft628Resale
2046 Jun 2022AED 493,360883 sq ft559Resale
4056 Jun 2022AED 490,860911 sq ft539Resale
3166 Jun 2022AED 493,920883 sq ft559Resale

How we worked out the value

We took the 3 resale sales of units ending 18 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 509). We multiplied it by the size of this unit (1,020 sq ft). The range uses the middle half of those sales (AED 504 to AED 509 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 519,631. Floor, view, condition and upgrades can move the price either way. Sales data to 6 Jun 2022, from the Dubai Land Department register.

Questions

What is unit 118 at Tasmeer Residence worth?

About AED 520,000 (range AED 514,000 to AED 520,000), based on AED 509 per sq ft from registered sales up to 6 Jun 2022.

When did unit 118 last sell?

22 Feb 2022, for AED 519,631 (resale). It has 1 registered sale.

What rent can unit 118 make?

A 1 bed in Tasmeer Residence rents for about AED 67,000 a year (median asking rent). That is a gross yield of 12.9% on the estimate.

Sales alert for Tasmeer ResidenceAll sales in Tasmeer Residence

Unit 117 · Unit 119