Unit 316, Tasmeer Residence: what it sold for and what it is worth now

Unit 316 at Tasmeer Residence is a 1 bed of 883 sq ft. It last sold for AED 493,920 on 6 Jun 2022. At AED 559 per sq ft, from 3 sales of units ending 16 (same position in the tower), it is worth about AED 493,000 today.

Value todayAED 493,000AED 472,000 to AED 494,000
Last saleAED 493,9206 Jun 2022 · Resale
Change since last sale-0.2%Building trend alone: AED 494,262
Rent (median asking, 1 bed)AED 67,000Gross yield 13.6%
Bedrooms1 bed
Size883 sq ft
Floor3 (from the unit number)
Position in the towerStack 16: units ending 16 share the same layout and view
BuildingTasmeer Residence by Tasmeer Development, handed over 2018
Registered sales of this unit1

Every registered sale of unit 316

DatePriceSizeAED/sq ftType
6 Jun 2022AED 493,920883 sq ft559Resale

Units ending 16 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
1166 Jun 2022AED 493,360883 sq ft559Resale
41622 Feb 2022AED 627,6371,232 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
4186 Jun 2022AED 500,5001,003 sq ft499Resale

How we worked out the value

We took the 3 resale sales of units ending 16 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 559). We multiplied it by the size of this unit (883 sq ft). The range uses the middle half of those sales (AED 534 to AED 559 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 494,262. 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 316 at Tasmeer Residence worth?

About AED 493,000 (range AED 472,000 to AED 494,000), based on AED 559 per sq ft from registered sales up to 6 Jun 2022.

When did unit 316 last sell?

6 Jun 2022, for AED 493,920 (resale). It has 1 registered sale.

What rent can unit 316 make?

A 1 bed in Tasmeer Residence rents for about AED 67,000 a year (median asking rent). That is a gross yield of 13.6% on the estimate.

Sales alert for Tasmeer ResidenceAll sales in Tasmeer Residence

Unit 315 · Unit 401