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1-bed · 1,073 sqftShemara, Dubai Marina · 13th floor · completed 2008

1303, Shemara

Sold prices and rental history: sold twice, last in April 2023, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1303 · DLD and Ejari recordsUpdated 3 April 2023
Last soldAED 1.65M3 April 2023
Current rentAED 116K /yr13 May 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1303, Shemara

What is 1303 worth today?

Last sold for AED 1,650,000 in 2023

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3 Apr 2023SoldReady
AED 1,650,000AED 1,537 per sqft
13 May 2015RentedNew contract
AED 116,000/yr12 months · AED 108 per sqft
13 May 2014RentedNew contract
AED 109,705/yr12 months · AED 102 per sqft
13 May 2013RentedNew contract
AED 105,000/yr12 months · AED 98 per sqft
7 Jul 2011Sold by developerReady
AED 947,888AED 883 per sqft

Source: Dubai Land Department. Updated 3 April 2023.

Key facts

Type
1-bed apartment
Size
1,073 sqft
Floor
13th of 32
Parking
P1 - 1042
Developer
Emaar
Completed
2008
Service charge
AED 11,900 /yr
Last sold
AED 1.65M · April 2023
Building
Shemara

About 1303, Shemara

1303 is a one-bedroom apartment of 1,073 sqft on the 13th floor of Shemara, a 32-storey tower in Dubai Marina completed in 2008 by Emaar. It last sold on 3 April 2023 for AED 1,650,000, or AED 1,537 per sqft, 13% above the AED 1,358 one-beds in the building were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, signed on 13 May 2015, is AED 116,000 a year: a gross yield of 7.0% on the 2023 price, before the service charge of about AED 11,900 a year.

Sales and rents for 1303 over time

Sales
Unit 1303, each saleTypical one-bed in Shemara
1M2M2009201420192024Typical sale price by year: 2009 AED 886,315; 2010 AED 1,030,000; 2011 AED 906,888; 2012 AED 1,296,500; 2013 AED 1,350,000; 2014 AED 1,837,500; 2015 AED 1,007,500; 2016 AED 1,500,000; 2017 AED 1,685,000; 2018 AED 1,500,000; 2021 AED 1,182,500; 2023 AED 1,650,000; 2024 AED 1,730,000; 2025 AED 2,104,000Sold by developer, July 2011: AED 947,888 (AED 883 per sqft)Sold, April 2023: AED 1,650,000 (AED 1,537 per sqft)

1303 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1303, each contractTypical one-bed in Shemara
80K100K120K2013201720212025Typical rent by year: 2013 AED 100,000; 2014 AED 117,339; 2015 AED 120,000; 2016 AED 115,000; 2017 AED 115,000; 2018 AED 105,000; 2019 AED 87,000; 2020 AED 80,000; 2021 AED 80,000; 2022 AED 86,000; 2023 AED 115,000; 2024 AED 120,000; 2025 AED 121,000; 2026 AED 110,000New contract, May 2013: AED 105,000 a yearNew contract, May 2014: AED 109,705 a yearNew contract, May 2015: AED 116,000 a year

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

1-beds in Shemara, and where 1303 sits

All 61 1-beds →

1303 last sold in April 2023 at AED 1,537 per sqft, 13% above what one-beds in Shemara were fetching at the time (AED 1,358). Over the last 12 months one-beds sold for AED 1,840,000 to 2,300,000, around AED 2,299 per sqft, and rent for AED 85,000 to 170,000 a year. 1303's AED 116,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
27 Jul 202618,610
27 Feb 20261,840,000
13 Jan 202638,494
12 Dec 20252,058,000
5 1-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
13022-bedAED 1.5M · May 2011
13041-bedAED 1.8M · Mar 2014
13052-bedAED 2.26M · Dec 2017

1303, Shemara in numbers

  • Sold twice: first on 7 July 2011 for AED 947,888, last on 3 April 2023 for AED 1,650,000 (AED 1,537 per sqft).
  • Rented since May 2013 on 3 Ejari contracts, from AED 105,000 to AED 116,000 a year.
  • At AED 116,000 a year the gross yield on the 2023 price is 7.0%, before a service charge of about AED 11,900 a year (AED 11.10 per sqft).
  • One-beds in Shemara sold for AED 1,840,000–2,300,000 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 April 2023.

Questions about 1303, Shemara

What did unit 1303 last sell for?

AED 1,650,000 on 3 April 2023: AED 1,537 per sqft for 1,073 sqft. The unit has 2 registered sales; the first was AED 947,888 in July 2011.

What is the rent for unit 1303?

AED 116,000 a year on the contract signed on 13 May 2015. The previous contract, from May 2014, was AED 109,705; the unit has been rented since May 2013.

How big is unit 1303?

1,073 sqft (99.7 sqm): a one-bedroom apartment on the 13th floor of a 32-storey tower completed in 2008.

What is unit 1303 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Shemara sold for AED 1,840,000 to 2,300,000 in the last 12 months, around AED 2,299 per sqft.

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Mortgage on 1303, Shemara

Starts from the last sale price (AED 1.65M, 3 April 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,650,000
Deposit, UAE resident (20%)
AED 330,000
Deposit, non-resident (40%)
AED 660,000
Monthly over 25 years at 3.7%
AED 6,751

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