Unit 401, Tasmeer Residence: what it sold for and what it is worth now

Unit 401 at Tasmeer Residence is a studio of 676 sq ft. It last sold for AED 421,000 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 372,000 today.

Value todayAED 372,000AED 371,000 to AED 415,000
Last saleAED 421,00028 Nov 2021 · Resale
Change since last sale-11.6%Building trend alone: AED 420,789
Rent (median asking, studio)AED 46,000Gross yield 12.4%
Bedroomsstudio
Size676 sq ft
Floor4 (from the unit number)
Position in the towerStack 01: units ending 01 share the same layout and view
BuildingTasmeer Residence by Tasmeer Development, handed over 2018
Registered sales of this unit1

Every registered sale of unit 401

DatePriceSizeAED/sq ftType
28 Nov 2021AED 421,000676 sq ft623Resale

Units ending 01 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
2016 Jun 2022AED 353,850676 sq ft523Resale

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 (676 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 420,789. 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 401 at Tasmeer Residence worth?

About AED 372,000 (range AED 371,000 to AED 415,000), based on AED 550 per sq ft from registered sales up to 6 Jun 2022.

When did unit 401 last sell?

28 Nov 2021, for AED 421,000 (resale). It has 1 registered sale.

What rent can unit 401 make?

A studio in Tasmeer Residence rents for about AED 46,000 a year (median asking rent). That is a gross yield of 12.4% on the estimate.

Sales alert for Tasmeer ResidenceAll sales in Tasmeer Residence

Unit 316 · Unit 403