Unit 416, Tasmeer Residence: what it sold for and what it is worth now

Unit 416 at Tasmeer Residence is a 1 bed of 1,232 sq ft. It last sold for AED 627,637 on 22 Feb 2022. At AED 559 per sq ft, from 3 sales of units ending 16 (same position in the tower), it is worth about AED 688,000 today.

Value todayAED 688,000AED 658,000 to AED 689,000
Last saleAED 627,63722 Feb 2022 · Resale
Change since last sale+9.6%Building trend alone: AED 627,637
Rent (median asking, 1 bed)AED 67,000Gross yield 9.7%
Bedrooms1 bed
Size1,232 sq ft
Floor4 (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 416

DatePriceSizeAED/sq ftType
22 Feb 2022AED 627,6371,232 sq ft509Resale

Units ending 16 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
1166 Jun 2022AED 493,360883 sq ft559Resale
3166 Jun 2022AED 493,920883 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 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 (1,232 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 627,637. 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 416 at Tasmeer Residence worth?

About AED 688,000 (range AED 658,000 to AED 689,000), based on AED 559 per sq ft from registered sales up to 6 Jun 2022.

When did unit 416 last sell?

22 Feb 2022, for AED 627,637 (resale). It has 1 registered sale.

What rent can unit 416 make?

A 1 bed in Tasmeer Residence rents for about AED 67,000 a year (median asking rent). That is a gross yield of 9.7% on the estimate.

Sales alert for Tasmeer ResidenceAll sales in Tasmeer Residence

Unit 415 · Unit 418