1402, Shemara
Sold prices and rental history: sold twice, last in August 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1402, Shemara
What is 1402 worth today?
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Source: Dubai Land Department. Updated 17 August 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,410 sqft
- Floor
- 14th of 32
- Parking
- P2 - 2084
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 15,700 /yr
- Last sold
- AED 1.3M · August 2023
- Building
- Shemara
About 1402, Shemara
1402 is a two-bedroom apartment of 1,410 sqft on the 14th floor of Shemara, a 32-storey tower in Dubai Marina completed in 2008 by Emaar. It last sold on 17 August 2023 for AED 1,300,000, or AED 922 per sqft, 41% below the AED 1,551 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, renewed on 15 November 2022, is AED 120,000 a year: a gross yield of 9.2% on the 2023 price, before the service charge of about AED 15,700 a year.
Sales and rents for 1402 over time
1402 has sold twice; the dashed line is the two-bed median of each year in the building.
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 1402 sits
All 61 2-beds →1402 last sold in August 2023 at AED 922 per sqft, 41% below what two-beds in Shemara were fetching at the time (AED 1,551). 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. 1402's AED 120,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 14 Jul 202614 July 2026 | 1,410 sqft | 2,815,000 | 1,996 | ||
| 22 Jun 202622 June 2026 | 1,410 sqft | 2,875,000 | 2,039 | ||
| 15 Apr 202615 April 2026 | 1,350 sqft | 2,750,000 | 2,037 | ||
| 7 Jan 20267 January 2026 | 1,495 sqft | 2,900,000 | 1,939 |
Shemara
Building153 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%
Other units on the 14th floor
All 153 units in Shemara1402, Shemara in numbers
- Sold twice: first on 8 September 2009 for AED 2,865,000, last on 17 August 2023 for AED 1,300,000 (AED 922 per sqft).
- Rented since March 2013 on 11 Ejari contracts. The rent fell from AED 140,000 to AED 105,000 in 2021 and recovered to AED 120,000 by November 2022.
- At AED 120,000 a year the gross yield on the 2023 price is 9.2%, 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 17 August 2023.
Questions about 1402, Shemara
What did unit 1402 last sell for?
AED 1,300,000 on 17 August 2023: AED 922 per sqft for 1,410 sqft. The unit has 2 registered sales; the first was AED 2,865,000 in September 2009.
What is the rent for unit 1402?
AED 120,000 a year on the contract renewed on 15 November 2022. The previous contract, from November 2021, was AED 120,000; the unit has been rented since March 2013.
How big is unit 1402?
1,410 sqft (131.0 sqm): a two-bedroom apartment on the 14th floor of a 32-storey tower completed in 2008.
What is unit 1402 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 1402, Shemara
Starts from the last sale price (AED 1.3M, 17 August 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,300,000
- Deposit, UAE resident (20%)
- AED 260,000
- Deposit, non-resident (40%)
- AED 520,000
- Monthly over 25 years at 3.7%
- AED 5,319
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →