Unit 403, Tasmeer Residence: what it sold for and what it is worth now

Unit 403 at Tasmeer Residence is a studio of 488 sq ft. It last sold for AED 250,000 on 25 Nov 2021. At AED 564 per sq ft, from 3 sales of units ending 03 (same position in the tower), it is worth about AED 275,000 today.

Value todayAED 275,000AED 263,000 to AED 308,000
Last saleAED 250,00025 Nov 2021 · Resale
Change since last sale+10.0%Building trend alone: AED 249,875
Rent (median asking, studio)AED 46,000Gross yield 16.7%
Bedroomsstudio
Size488 sq ft
Floor4 (from the unit number)
Position in the towerStack 03: units ending 03 share the same layout and view
BuildingTasmeer Residence by Tasmeer Development, handed over 2018
Registered sales of this unit1

Every registered sale of unit 403

DatePriceSizeAED/sq ftType
25 Nov 2021AED 250,000488 sq ft512Resale

Units ending 03 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
20322 Feb 2022AED 252,304447 sq ft564Resale
10328 Nov 2021AED 312,000447 sq ft698Resale

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 03 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 564). We multiplied it by the size of this unit (488 sq ft). The range uses the middle half of those sales (AED 538 to AED 631 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 249,875. 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 403 at Tasmeer Residence worth?

About AED 275,000 (range AED 263,000 to AED 308,000), based on AED 564 per sq ft from registered sales up to 6 Jun 2022.

When did unit 403 last sell?

25 Nov 2021, for AED 250,000 (resale). It has 1 registered sale.

What rent can unit 403 make?

A studio in Tasmeer Residence rents for about AED 46,000 a year (median asking rent). That is a gross yield of 16.7% on the estimate.

Sales alert for Tasmeer ResidenceAll sales in Tasmeer Residence

Unit 401 · Unit 405