Unit 313, Tasmeer Residence: what it sold for and what it is worth now

Unit 313 at Tasmeer Residence is a 1 bed of 868 sq ft. It last sold for AED 511,000 on 28 Nov 2021. At AED 551 per sq ft, from 30 sales in the building in the last 12 months (1 bed), it is worth about AED 478,000 today.

Value todayAED 478,000AED 445,000 to AED 497,000
Last saleAED 511,00028 Nov 2021 · Resale
Change since last sale-6.5%Building trend alone: AED 510,744
Rent (median asking, 1 bed)AED 67,000Gross yield 14.0%
Bedrooms1 bed
Size868 sq ft
Floor3 (from the unit number)
Position in the towerStack 13: units ending 13 share the same layout and view
BuildingTasmeer Residence by Tasmeer Development, handed over 2018
Registered sales of this unit1

Every registered sale of unit 313

DatePriceSizeAED/sq ftType
28 Nov 2021AED 511,000868 sq ft589Resale

Units ending 13 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
1136 Jun 2022AED 486,080870 sq ft559Resale

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 30 sales in Tasmeer Residence in the last 12 months (1 bed), worked out the price per sq ft of each, and used the middle value (AED 551). We multiplied it by the size of this unit (868 sq ft). The range uses the middle half of those sales (AED 513 to AED 573 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 510,744. 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 313 at Tasmeer Residence worth?

About AED 478,000 (range AED 445,000 to AED 497,000), based on AED 551 per sq ft from registered sales up to 6 Jun 2022.

When did unit 313 last sell?

28 Nov 2021, for AED 511,000 (resale). It has 1 registered sale.

What rent can unit 313 make?

A 1 bed in Tasmeer Residence rents for about AED 67,000 a year (median asking rent). That is a gross yield of 14.0% on the estimate.

Sales alert for Tasmeer ResidenceAll sales in Tasmeer Residence

Unit 312 · Unit 314