Unit 405, Tasmeer Residence: what it sold for and what it is worth now

Unit 405 at Tasmeer Residence is a 1 bed of 911 sq ft. It last sold for AED 490,860 on 6 Jun 2022. At AED 551 per sq ft, from 30 sales in the building in the last 12 months (1 bed), it is worth about AED 502,000 today.

Value todayAED 502,000AED 467,000 to AED 522,000
Last saleAED 490,8606 Jun 2022 · Resale
Change since last sale+2.3%Building trend alone: AED 491,200
Rent (median asking, 1 bed)AED 67,000Gross yield 13.3%
Bedrooms1 bed
Size911 sq ft
Floor4 (from the unit number)
Position in the towerStack 05: units ending 05 share the same layout and view
BuildingTasmeer Residence by Tasmeer Development, handed over 2018
Registered sales of this unit1

Every registered sale of unit 405

DatePriceSizeAED/sq ftType
6 Jun 2022AED 490,860911 sq ft539Resale

Units ending 05 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
20528 Nov 2021AED 530,000924 sq ft574Resale

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
3166 Jun 2022AED 493,920883 sq ft559Resale
4186 Jun 2022AED 500,5001,003 sq ft499Resale

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 (911 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 491,200. 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 405 at Tasmeer Residence worth?

About AED 502,000 (range AED 467,000 to AED 522,000), based on AED 551 per sq ft from registered sales up to 6 Jun 2022.

When did unit 405 last sell?

6 Jun 2022, for AED 490,860 (resale). It has 1 registered sale.

What rent can unit 405 make?

A 1 bed in Tasmeer Residence rents for about AED 67,000 a year (median asking rent). That is a gross yield of 13.3% on the estimate.

Sales alert for Tasmeer ResidenceAll sales in Tasmeer Residence

Unit 403 · Unit 407