Unit 310, Tasmeer Residence: what it sold for and what it is worth now

Unit 310 at Tasmeer Residence is a studio of 491 sq ft. It last sold for AED 270,000 on 22 Feb 2022. At AED 550 per sq ft, from 18 sales in the building in the last 12 months (studio), it is worth about AED 270,000 today.

Value todayAED 270,000AED 270,000 to AED 302,000
Last saleAED 270,00022 Feb 2022 · Resale
Change since last sale+0.0%Building trend alone: AED 270,000
Rent (median asking, studio)AED 46,000Gross yield 17.0%
Bedroomsstudio
Size491 sq ft
Floor3 (from the unit number)
Position in the towerStack 10: units ending 10 share the same layout and view
BuildingTasmeer Residence by Tasmeer Development, handed over 2018
Registered sales of this unit1

Every registered sale of unit 310

DatePriceSizeAED/sq ftType
22 Feb 2022AED 270,000491 sq ft550Resale

Units ending 10 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
41028 Nov 2021AED 538,000973 sq ft553Resale

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
10922 Feb 2022AED 267,245487 sq ft549Resale

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 (491 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 270,000. 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 310 at Tasmeer Residence worth?

About AED 270,000 (range AED 270,000 to AED 302,000), based on AED 550 per sq ft from registered sales up to 6 Jun 2022.

When did unit 310 last sell?

22 Feb 2022, for AED 270,000 (resale). It has 1 registered sale.

What rent can unit 310 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 309 · Unit 311