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2-bed · 1,410 sqftShemara, Dubai Marina · 13th floor · completed 2008

1302, Shemara

Sold prices and rental history: sold twice, last in May 2011, and rented once, from May 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1302 · DLD and Ejari recordsUpdated 3 May 2019
Last soldAED 1.63M10 May 2011
Current rentAED 96K /yr3 May 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1302, Shemara

What is 1302 worth today?

Last sold for AED 1,625,888 in 2011

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3 May 2019RentedNew contract
AED 96,000/yr12 months · AED 68 per sqft
10 May 2011Sold by developerReady
AED 1,625,888AED 1,153 per sqft
10 May 2011SoldReady
AED 1,500,000AED 1,063 per sqft

Source: Dubai Land Department. Updated 3 May 2019.

Key facts

Type
2-bed apartment
Size
1,410 sqft
Floor
13th of 32
Parking
P2 - 2085
Developer
Emaar
Completed
2008
Service charge
AED 15,700 /yr
Last sold
AED 1.63M · May 2011
Building
Shemara

About 1302, Shemara

1302 is a two-bedroom apartment of 1,410 sqft on the 13th floor of Shemara, a 32-storey tower in Dubai Marina completed in 2008 by Emaar. The developer sold it on 10 May 2011 for AED 1,625,888, or AED 1,153 per sqft, in line with the AED 1,130 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 3 May 2019. The current contract, signed on 3 May 2019, is AED 96,000 a year: a gross yield of 5.9% on the 2011 price, before the service charge of about AED 15,700 a year.

Sales and rents for 1302 over time

Sales
Unit 1302, each saleTypical two-bed in Shemara
2M3M2009201420192024Typical sale price by year: 2009 AED 1,415,535; 2010 AED 1,597,500; 2011 AED 1,521,888; 2012 AED 1,650,000; 2013 AED 2,350,000; 2014 AED 3,150,000; 2015 AED 2,550,000; 2017 AED 2,260,000; 2018 AED 1,930,000; 2019 AED 1,650,000; 2021 AED 1,922,500; 2022 AED 2,250,000; 2023 AED 2,400,000; 2024 AED 2,775,000; 2025 AED 2,802,500; 2026 AED 2,845,000Sold by developer, May 2011: AED 1,625,888 (AED 1,153 per sqft)Sold, May 2011: AED 1,500,000 (AED 1,063 per sqft)

1302 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1302, each contractTypical two-bed in Shemara
100K150K2012201620202024Typical rent by year: 2012 AED 130,000; 2013 AED 145,000; 2014 AED 157,625; 2015 AED 165,000; 2016 AED 155,000; 2017 AED 155,000; 2018 AED 140,000; 2019 AED 121,000; 2020 AED 105,000; 2021 AED 105,000; 2022 AED 114,000; 2023 AED 125,294; 2024 AED 154,000; 2025 AED 153,500; 2026 AED 150,924New contract, May 2019: AED 96,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Shemara, and where 1302 sits

All 61 2-beds →

1302 last sold in May 2011 at AED 1,153 per sqft, in line with what two-beds in Shemara were fetching at the time (AED 1,130). Over the last 12 months two-beds sold for AED 2,575,000 to 2,900,000, around AED 1,968 per sqft, and rent for AED 120,000 to 220,000 a year. 1302's AED 96,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
14 Jul 20262,815,000
22 Jun 20262,875,000
15 Apr 20262,750,000
7 Jan 20262,900,000
6 2-bed sales in the last 12 months

Shemara

Building

153 apartments, studios to 3-bed over 32 floors in Dubai Marina, completed in 2008 by Emaar. 13 sold in the last 12 months.

Typical price per sqft
AED 2,037 Down 5.0%
Typical sale
AED 2.6M
Typical rent
AED 133K /yr
Typical yield
5.7%
Shemara, Dubai Marina: prices, sales and rents →

Other units on the 13th floor

All 153 units in Shemara
Value
13013-bedAED 2.01M · Mar 2011
13031-bedAED 1.65M · Apr 2023
13041-bedAED 1.8M · Mar 2014
13052-bedAED 2.26M · Dec 2017

1302, Shemara in numbers

  • Sold twice: first on 10 May 2011 for AED 1,500,000, last on 10 May 2011 for AED 1,625,888 (AED 1,153 per sqft).
  • Rented since May 2019 on one Ejari contract, at AED 96,000 a year.
  • At AED 96,000 a year the gross yield on the 2011 price is 5.9%, before a service charge of about AED 15,700 a year (AED 11.10 per sqft).
  • Two-beds in Shemara sold for AED 2,575,000–2,900,000 in the 12 months to November 2026; the building's median across all types is AED 2,037 per sqft.

Source: Dubai Land Department. Updated 3 May 2019.

Questions about 1302, Shemara

What did unit 1302 last sell for?

AED 1,625,888 on 10 May 2011, sold by the developer: AED 1,153 per sqft for 1,410 sqft. The unit has 2 registered sales; the first was AED 1,500,000 in May 2011.

What is the rent for unit 1302?

AED 96,000 a year on the contract signed on 3 May 2019.

How big is unit 1302?

1,410 sqft (131.0 sqm): a two-bedroom apartment on the 13th floor of a 32-storey tower completed in 2008.

What is unit 1302 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Shemara sold for AED 2,575,000 to 2,900,000 in the last 12 months, around AED 1,968 per sqft.

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Mortgage on 1302, Shemara

Starts from the last sale price (AED 1.63M, 10 May 2011). Switch to today's estimate once you have unlocked it.
Price
AED 1,625,888
Deposit, UAE resident (20%)
AED 325,178
Deposit, non-resident (40%)
AED 650,355
Monthly over 25 years at 3.7%
AED 6,652

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →