Parshwa Holdings Ltd and Zabeel Investments: buying from a joint venture
A Palm Jumeirah building delivered by two companies together. Joint ventures are common in Dubai development and they change one thing that matters: who exactly owes you what.
Tiara Residences
Palm Jumeirah · Parshwa Holdings Ltd and Zabeel Investments
Project factsheet
Storeys 16
Units in the building 644
Developer Parshwa Holdings Ltd and Zabeel Investments
Status Completed
Completed 2009
District Palm Jumeirah
About the building
Located in Palm Jumeirah, completed in 2009. Developer — Parshwa Holdings Ltd and Zabeel Investments.
What the building has
- Swimming pool
- Gym
- Children's area
- Restaurants
- Beach
- Park and landscaping
Specifications for Tiara Residences per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
About the project
Tiara Residences is a residential complex of several buildings in Palm Jumeirah, completed in 2009.
The developer is Parshwa Holdings Ltd and Zabeel Investments.
The complex holds 644 apartments in total. The tallest tower rises 16 storeys.
There is not a single lot in this project in the database right now — it is refreshed every night, and listings here appear and go.
644 residences in sixteen-storey blocks on a Palm frond, handed over in 2009. One of the island's first residential complexes.
What it is
Tiara Residences is a complex of 16 storeys and 644 residences on Palm Jumeirah, handed over in 2009. The developer is Parshwa Holdings.
Our own stock has two lots in the complex.
Six hundred and forty-four apartments — a large complex. It's made up of several blocks named after gemstones, and the blocks differ in position and view.
Price per square foot across Palm Jumeirah
The Palm's first wave of development — 2009 and thereabouts — sits in the bottom half of the list: Marina Residences at AED 2,209, Shoreline Apartments at AED 2,596, Royal Amwaj at AED 2,641.
| Project | AED / ft² | Lots | Avg. size |
|---|---|---|---|
| Royal Atlantis Residences | 12733 | 3 | 2759 ft² |
| Palm Beach Towers | 10763 | 3 | 860 ft² |
| Signature Villas | 7610 | 7 | 10,350 ft² |
| W Residences | 4678 | 15 | 3246 ft² |
| Orla | 6681 | 4 | 5199 ft² |
| Garden Homes | 6565 | 11 | 7008 ft² |
| Ellington Beach House | 5152 | 11 | 1675 ft² |
| The Crescent | 4830 | 26 | 3562 ft² |
| Palm Beach Towers Residences 1 | 4745 | 7 | 1158 ft² |
| Serenia Living | 4577 | 3 | 1827 ft² |
| The Palm Tower | 4413 | 5 | 1087 ft² |
| Five Palm Jumeirah | 3611 | 8 | 1709 ft² |
| Palm Beach Towers 3 | 3714 | 5 | 1128 ft² |
| Palm Beach Towers 2 | 3544 | 8 | 2188 ft² |
| Oceana | 3443 | 7 | 2790 ft² |
| Fairmont Palm Residences | 3397 | 5 | 2783 ft² |
| Azizi Mina | 2704 | 4 | 1482 ft² |
| Royal Amwaj Residences | 2641 | 3 | 1928 ft² |
| Shoreline Apartments | 2596 | 12 | 1849 ft² |
| Marina Residences | 2209 | 5 | 2117 ft² |
| Golden Mile | 2166 | 4 | 4320 ft² |
Our own stock as of 28 August 2026: 250 lots across the Palm, median AED 8.2 million, average price per square foot AED 4,781. Includes projects with three or more lots and a reliable size — 48 lots whose size contradicted their bedroom count were excluded from the calculation.
The island's first development wave
The Palm was built out from the mid-2000s, and its 2009 complexes are its first layer. They're seventeen years old, and that's the main thing to know about them.
What age gives: position. The first wave took the best plots on the fronds, with direct water access. What it takes away: condition. Sea air wears down facades and building systems faster than an inland setting, and the first cycle of capital works on these buildings has either already passed or is due.
The Palm in our database is 250 lots, with a median of AED 8.2 million and an average price per square foot of AED 4,781. First-wave complexes run at roughly half that average, and the difference is exactly the price of age.
propsearch factsheet: 16 storeys, 644 residences, developer Parshwa Holdings, handed over 2009. Our own stock as of 28 August 2026: 2 lots, data on Marina Residences, Shoreline Apartments and Royal Amwaj, the island-wide price-per-square-foot table, and the Palm's median and average.
What the complex has
Swimming pool
Gym
Children's area
Restaurants
Beach
Park and landscaping
Where it is
Nothing in the stock for this project right now
Listings for Tiara Residences do not turn up every day. Message me — I will check the closed bases and suggest similar options nearby, in Palm Jumeirah.
Ask about this projectFrequently asked about Tiara Residences
Who is the developer of Tiara Residences?
Parshwa Holdings Ltd and Zabeel Investments.
How many floors does Tiara Residences have?
16 — that is the tallest building of the complex. The complex has 644 apartments.
Has Tiara Residences been handed over?
Yes, the building was handed over in 2009. This is ready housing: you can move in or let it out right after the deal.
Where is Tiara Residences?
Palm Jumeirah. The palm-shaped island: villas on the fronds, apartments along the trunk, resorts around the crescent.
How much does an apartment in Tiara Residences cost?
Our database has no open listings for Tiara Residences at the moment. I will check the price of the layout you want against the closed databases and send it together with the deal costs.
What is on site at Tiara Residences?
Swimming pool, Gym, Children's area, Restaurants, Beach, Park and landscaping. The list comes from the project description and covers the whole complex.
In the news
What has been written about the building, its developer and Palm Jumeirah
Business Bay overtakes Palm Jumeirah in prime deals in August 2026, even as Dubai's wider market cools
Business Bay recorded 14 prime transactions in August 2026 against Palm Jumeirah's 10 — while Dubai-wide transaction volume fell 37% year-on-year and value fell 44%. Rental search demand rose 44% over the same period. What these seemingly contradictory numbers actually mean.
Dubai prime property 2022–2024: how the city became the world’s busiest $10m home market
Knight Frank counted 219 Dubai home sales above $10m in 2022, 434 in 2023 and a record 435 in 2024 (about $7bn). In the first half of 2023 Dubai overtook New York, Hong Kong and London. How a shortage of supply made Palm Jumeirah the core of the market — the background to 2025–2026.
BEYOND: three projects, three Dubai districts — and three very different buyer profiles
PASSO on Palm Jumeirah, Arancia Yards in City of Arabia and Soulever in Dubai Maritime City are all built by the same developer, BEYOND, yet each draws a different kind of investor. Why one brand does not mean one buyer profile.
Most expensive areas in Dubai: price per square foot and rents in 2026
On sales registered with the Dubai Land Department in the year to July 2026, Jumeirah 2 leads at about AED 7 560 per sq ft, followed by Trade Center 2, DIFC, Dubai Harbour and La Mer. The city median is about AED 1 716. How prices compare with rents, and when a costly square foot pays off.
Palm Jumeirah branded residences: ELA by Omniyat, run by Dorchester Collection, from AED 43m
ELA Residences is Omniyat’s ultra-prime scheme on the Palm Jumeirah crescent: Zaha Hadid Architects design, Dorchester Collection service, three- and four-bedroom homes and duplexes. Launched June 2024, under construction since May 2024, entry around AED 43m, handover still Q1 2028.
Dubai homes over $10 million: 500 sales in 2025 and a record 296 in the first half of 2026
Knight Frank counted 500 Dubai home sales above US$10m in 2025, worth US$9.05bn, against 30 in 2020. The first half of 2026 added 296 more worth US$5.1bn, a half-year record. Where the money went and why the top of the market held up.
Billionaires in Dubai in 2026: 43 residents and eighth place worldwide in the Altrata census, and what it means for prime property
Altrata's Billionaire Census 2026 counts 43 billionaires living in Dubai, joint eighth among world cities with Shenzhen. The UAE has 59 with a combined $201bn. How that shows up in Dubai's AED 100m-plus villa market, and what it does not change for everyone else.
Dubai property market 2024 review: AED 761bn of transactions and villa prices up 31.6%
Dubai in 2024: 226 000 transactions worth AED 761bn (+36% and +20%) and 110 000 first-time investors, per the DLD. ValuStrat had prices up 27.5% — villas +31.6%, apartments +23.6%, Jumeirah Islands and Palm Jumeirah villas above 42%. Figures, leading districts and the September 2026 status.
Where this project stands today
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