1501, Shemara
Sold prices and rental history: sold twice, last in May 2024, 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 1501, Shemara
What is 1501 worth today?
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Source: Dubai Land Department. Updated 22 May 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 1,858 sqft
- Floor
- 15th of 32
- Parking
- P2 - 2027, P2 - 2028
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 20,600 /yr
- Last sold
- AED 4.45M · May 2024
- Building
- Shemara
About 1501, Shemara
1501 is a three-bedroom apartment of 1,858 sqft on the 15th floor of Shemara, a 32-storey tower in Dubai Marina completed in 2008 by Emaar. It last sold on 22 May 2024 for AED 4,450,000, or AED 2,395 per sqft, 12% above the AED 2,130 three-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, signed on 25 July 2022, is AED 290,000 a year: a gross yield of 6.5% on the 2024 price, before the service charge of about AED 20,600 a year.
Sales and rents for 1501 over time
1501 has sold twice; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Shemara, and where 1501 sits
All 30 3-beds →1501 last sold in May 2024 at AED 2,395 per sqft, 12% above what three-beds in Shemara were fetching at the time (AED 2,130). Over the last 12 months three-beds sold for AED 4,800,000, around AED 2,583 per sqft, and rent for AED 200,000 to 290,000 a year. 1501's AED 290,000 is at the top of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 Feb 202616 February 2026 | 1,858 sqft | 4,800,000 | 2,583 | ||
| 26 Sep 202526 September 2025 | 1,858 sqft | 4,350,000 | 2,341 | ||
| 30 Jun 202530 June 2025 | 1,858 sqft | 4,250,000 | 2,287 | ||
| 8 Jan 20248 January 2024 | 1,858 sqft | 3,865,000 | 2,080 |
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 15th floor
All 153 units in Shemara| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1502 | 2-bed | 1,410 sqft | AED 2.1MAED 2,100,000 · Jun 2019June 2019 | 145,000 /yr | |
| 1503 | 1-bed | 1,073 sqft | AED 2MAED 2,002,434 · Aug 2010August 2010 | 78,000 /yr | |
| 1504 | 1-bed | 895 sqft | AED 1.5MAED 1,500,000 · Aug 2016August 2016 | 98,000 /yr | |
| 1505 | 2-bed | 1,350 sqft | AED 2.98MAED 2,975,000 · Jan 2025January 2025 | 160,000 /yr |
1501, Shemara in numbers
- Sold twice: first on 7 February 2011 for AED 3,579,738, last on 22 May 2024 for AED 4,450,000 (AED 2,395 per sqft).
- Rented since August 2013 on 9 Ejari contracts. The rent fell from AED 250,000 to AED 148,800 in 2021 and recovered to AED 290,000 by July 2022.
- At AED 290,000 a year the gross yield on the 2024 price is 6.5%, before a service charge of about AED 20,600 a year (AED 11.10 per sqft).
- Three-beds in Shemara sold for AED 4,800,000–4,800,000 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 22 May 2024.
Questions about 1501, Shemara
What did unit 1501 last sell for?
AED 4,450,000 on 22 May 2024: AED 2,395 per sqft for 1,858 sqft. The unit has 2 registered sales; the first was AED 3,579,738 in February 2011.
What is the rent for unit 1501?
AED 290,000 a year on the contract signed on 25 July 2022. The previous contract, from October 2021, was AED 148,800; the unit has been rented since August 2013.
How big is unit 1501?
1,858 sqft (172.6 sqm): a three-bedroom apartment on the 15th floor of a 32-storey tower completed in 2008.
What is unit 1501 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Shemara sold for AED 4,800,000 to 4,800,000 in the last 12 months, around AED 2,583 per sqft.
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Mortgage on 1501, Shemara
Starts from the last sale price (AED 4.45M, 22 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 4,450,000
- Deposit, UAE resident (20%)
- AED 890,000
- Deposit, non-resident (40%)
- AED 1,780,000
- Monthly over 25 years at 3.7%
- AED 18,206
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →