1502, Shemara
Sold prices and rental history: sold 4 times, last in June 2019, 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 1502, Shemara
What is 1502 worth today?
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Source: Dubai Land Department. Updated 23 June 2019.
Key facts
- Type
- 2-bed apartment
- Size
- 1,410 sqft
- Floor
- 15th of 32
- Parking
- P4 - 4091
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 15,700 /yr
- Last sold
- AED 2.1M · June 2019
- Building
- Shemara
About 1502, Shemara
1502 is a two-bedroom apartment of 1,410 sqft on the 15th floor of Shemara, a 32-storey tower in Dubai Marina completed in 2008 by Emaar. It last sold on 23 June 2019 for AED 2,100,000, or AED 1,489 per sqft, 9% above the AED 1,368 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, signed on 20 September 2018, is AED 145,000 a year: a gross yield of 6.9% on the 2019 price, before the service charge of about AED 15,700 a year.
Sales and rents for 1502 over time
1502 has sold 4 times; 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 1502 sits
All 61 2-beds →1502 last sold in June 2019 at AED 1,489 per sqft, 9% above what two-beds in Shemara were fetching at the time (AED 1,368). 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. 1502's AED 145,000 is in the lower half 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 15th floor
All 153 units in Shemara| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 3-bed | 1,858 sqft | AED 4.45MAED 4,450,000 · May 2024May 2024 | 290,000 /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 |
1502, Shemara in numbers
- Sold 4 times: first on 14 October 2009 for AED 1,449,375, last on 23 June 2019 for AED 2,100,000 (AED 1,489 per sqft).
- Rented since October 2013 on 6 Ejari contracts, from AED 165,000 to AED 145,000 a year.
- At AED 145,000 a year the gross yield on the 2019 price is 6.9%, 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 23 June 2019.
Questions about 1502, Shemara
What did unit 1502 last sell for?
AED 2,100,000 on 23 June 2019: AED 1,489 per sqft for 1,410 sqft. The unit has 4 registered sales; the first was AED 1,449,375 in October 2009.
What is the rent for unit 1502?
AED 145,000 a year on the contract signed on 20 September 2018. The previous contract, from August 2017, was AED 160,000; the unit has been rented since October 2013.
How big is unit 1502?
1,410 sqft (131.0 sqm): a two-bedroom apartment on the 15th floor of a 32-storey tower completed in 2008.
What is unit 1502 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 1502, Shemara
Starts from the last sale price (AED 2.1M, 23 June 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 2,100,000
- Deposit, UAE resident (20%)
- AED 420,000
- Deposit, non-resident (40%)
- AED 840,000
- Monthly over 25 years at 3.7%
- AED 8,592
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →