Tiara Residences - Sold Prices - Market Trendst

Tiara Residences : Sold Prices and Market Trends

Author: Gareth Davies - Award Winning Property Consultant

During the past 12 months, Tiara Residences has performed better than the average community at Palm Jumeirah with a 19.6% increase in the average price in terms of AED/square foot. There was negative growth during May and June but a recovery since then with an 6.61% increase during the last 3 months.

The volume of sales during 2025 and 2024 has been less than that of 2023 due to a shortage of vacant on transfer apartments to match the demand from those buyers looking to purchase their next home.

Graph: Palm Jumeirah : Sold Price Growth (AED/sq.ft)

Source: Property Monitor

Graph: Tiara Residences : Sold Price Growth (AED/sq.ft)

Source: PropertyMonitor.ae

Sold Prices at Tiara Residences

Vacant apartments are achieving from 5% to 15% more than rented apartments because most of the buyers who want to purchase and occupy Palm apartments are not prepared to wait 12 months after Notices to Evict are served on existing tenants.

Source: PropertyMonitor.ae

Source: PropertyMonitor.ae

Source: PropertyMonitor.ae

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