Unit 123, Tasmeer Residence: what it sold for and what it is worth now

Unit 123 at Tasmeer Residence is a studio of 493 sq ft. It last sold for AED 327,000 on 28 Nov 2021. At AED 550 per sq ft, from 18 sales in the building in the last 12 months (studio), it is worth about AED 271,000 today.

Value todayAED 271,000AED 271,000 to AED 303,000
Last saleAED 327,00028 Nov 2021 · Resale
Change since last sale-17.1%Building trend alone: AED 326,836
Rent (median asking, studio)AED 46,000Gross yield 17.0%
Bedroomsstudio
Size493 sq ft
Floor1 (from the unit number)
Position in the towerStack 23: units ending 23 share the same layout and view
BuildingTasmeer Residence by Tasmeer Development, handed over 2018
Registered sales of this unit1

Every registered sale of unit 123

DatePriceSizeAED/sq ftType
28 Nov 2021AED 327,000493 sq ft663Resale

Units ending 23 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
2236 Jun 2022AED 645,6601,269 sq ft509Resale

Latest studio sales in Tasmeer Residence

UnitDatePriceSizeAED/sq ftType
1116 Jun 2022AED 295,000501 sq ft589Resale
2066 Jun 2022AED 284,430500 sq ft569Resale
3116 Jun 2022AED 276,650504 sq ft549Resale
1246 Jun 2022AED 284,080537 sq ft529Resale
2246 Jun 2022AED 294,800537 sq ft549Resale
2016 Jun 2022AED 353,850676 sq ft523Resale
20322 Feb 2022AED 252,304447 sq ft564Resale
31022 Feb 2022AED 270,000491 sq ft550Resale

How we worked out the value

We took the 18 sales in Tasmeer Residence in the last 12 months (studio), worked out the price per sq ft of each, and used the middle value (AED 550). We multiplied it by the size of this unit (493 sq ft). The range uses the middle half of those sales (AED 549 to AED 614 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 326,836. 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 123 at Tasmeer Residence worth?

About AED 271,000 (range AED 271,000 to AED 303,000), based on AED 550 per sq ft from registered sales up to 6 Jun 2022.

When did unit 123 last sell?

28 Nov 2021, for AED 327,000 (resale). It has 1 registered sale.

What rent can unit 123 make?

A studio in Tasmeer Residence rents for about AED 46,000 a year (median asking rent). That is a gross yield of 17.0% on the estimate.

Sales alert for Tasmeer ResidenceAll sales in Tasmeer Residence

Unit 119 · Unit 124