Unit 309, Tasmeer Residence: what it sold for and what it is worth now

Unit 309 at Tasmeer Residence is a studio of 487 sq ft. It last sold for AED 326,000 on 25 Nov 2021. At AED 549 per sq ft, from 3 sales of units ending 09 (same position in the tower), it is worth about AED 267,000 today.

Value todayAED 267,000AED 252,000 to AED 297,000
Last saleAED 326,00025 Nov 2021 · Resale
Change since last sale-18.1%Building trend alone: AED 325,836
Rent (median asking, studio)AED 46,000Gross yield 17.2%
Bedroomsstudio
Size487 sq ft
Floor3 (from the unit number)
Position in the towerStack 09: units ending 09 share the same layout and view
BuildingTasmeer Residence by Tasmeer Development, handed over 2018
Registered sales of this unit1

Every registered sale of unit 309

DatePriceSizeAED/sq ftType
25 Nov 2021AED 326,000487 sq ft669Resale

Units ending 09 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
10922 Feb 2022AED 267,245487 sq ft549Resale
40928 Nov 2021AED 826,6001,695 sq ft488Resale

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 3 resale sales of units ending 09 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 549). We multiplied it by the size of this unit (487 sq ft). The range uses the middle half of those sales (AED 518 to AED 609 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 325,836. 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 309 at Tasmeer Residence worth?

About AED 267,000 (range AED 252,000 to AED 297,000), based on AED 549 per sq ft from registered sales up to 6 Jun 2022.

When did unit 309 last sell?

25 Nov 2021, for AED 326,000 (resale). It has 1 registered sale.

What rent can unit 309 make?

A studio in Tasmeer Residence rents for about AED 46,000 a year (median asking rent). That is a gross yield of 17.2% on the estimate.

Sales alert for Tasmeer ResidenceAll sales in Tasmeer Residence

Unit 224 · Unit 310