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1-bed · 1,073 sqftShemara, Dubai Marina · 15th floor · completed 2008

1503, Shemara

Sold prices and rental history: sold once, by the developer in August 2010, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1503 · DLD and Ejari recordsUpdated 25 June 2020
Last soldAED 2M9 August 2010
Current rentAED 78K /yr25 June 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1503, Shemara

What is 1503 worth today?

Last sold for AED 2,002,434 in 2010

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25 Jun 2020RentedNew contract
AED 78,000/yr12 months · AED 72 per sqft
28 Jun 2016RentedNew contract
AED 115,000/yr12 months · AED 107 per sqft
9 Aug 2010Sold by developerReady
AED 2,002,434AED 1,866 per sqft

Source: Dubai Land Department. Updated 25 June 2020.

Key facts

Type
1-bed apartment
Size
1,073 sqft
Floor
15th of 32
Parking
P2 - 2192
Developer
Emaar
Completed
2008
Service charge
AED 11,900 /yr
Last sold
AED 2M · August 2010
Building
Shemara

About 1503, Shemara

1503 is a one-bedroom apartment of 1,073 sqft on the 15th floor of Shemara, a 32-storey tower in Dubai Marina completed in 2008 by Emaar. The developer sold it on 9 August 2010 for AED 2,002,434, or AED 1,866 per sqft, 110% above the AED 889 one-beds in the building were fetching at the time.

It has been rented since 2016 on 2 Ejari contracts. The current contract, signed on 25 June 2020, is AED 78,000 a year: a gross yield of 3.9% on the 2010 price, before the service charge of about AED 11,900 a year.

Sales and rents for 1503 over time

Sales
Unit 1503, 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, August 2010: AED 2,002,434 (AED 1,866 per sqft)

1503 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1503, 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, June 2016: AED 115,000 a yearNew contract, June 2020: AED 78,000 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 1503 sits

All 61 1-beds →

1503 last sold in August 2010 at AED 1,866 per sqft, 110% above what one-beds in Shemara were fetching at the time (AED 889). 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. 1503's AED 78,000 is at the bottom 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 15th floor

All 153 units in Shemara
Value
15013-bedAED 4.45M · May 2024
15022-bedAED 2.1M · Jun 2019
15041-bedAED 1.5M · Aug 2016
15052-bedAED 2.98M · Jan 2025

1503, Shemara in numbers

  • Sold once: by Emaar on 9 August 2010 for AED 2,002,434, or AED 1,866 per sqft.
  • Rented since June 2016 on 2 Ejari contracts, from AED 115,000 to AED 78,000 a year.
  • At AED 78,000 a year the gross yield on the 2010 price is 3.9%, 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 25 June 2020.

Questions about 1503, Shemara

What did unit 1503 last sell for?

AED 2,002,434 on 9 August 2010, sold by the developer: AED 1,866 per sqft for 1,073 sqft. It is the only registered sale of the unit.

What is the rent for unit 1503?

AED 78,000 a year on the contract signed on 25 June 2020. The previous contract, from June 2016, was AED 115,000.

How big is unit 1503?

1,073 sqft (99.7 sqm): a one-bedroom apartment on the 15th floor of a 32-storey tower completed in 2008.

What is unit 1503 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 1503, Shemara

Starts from the last sale price (AED 2M, 9 August 2010). Switch to today's estimate once you have unlocked it.
Price
AED 2,002,434
Deposit, UAE resident (20%)
AED 400,487
Deposit, non-resident (40%)
AED 800,974
Monthly over 25 years at 3.7%
AED 8,193

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