1602, Shemara
Sold prices and rental history: sold once, by the developer in November 2011, 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 1602, Shemara
What is 1602 worth today?
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Source: Dubai Land Department. Updated 15 September 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,410 sqft
- Floor
- 16th of 32
- Parking
- P2 - 2083
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 15,700 /yr
- Last sold
- AED 1.64M · November 2011
- Building
- Shemara
About 1602, Shemara
1602 is a two-bedroom apartment of 1,410 sqft on the 16th floor of Shemara, a 32-storey tower in Dubai Marina completed in 2008 by Emaar. The developer sold it on 29 November 2011 for AED 1,644,888, or AED 1,166 per sqft, 9% above the AED 1,071 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 15 September 2026, is AED 140,000 a year: a gross yield of 8.5% on the 2011 price, before the service charge of about AED 15,700 a year.
Sales and rents for 1602 over time
1602 has sold once; 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 1602 sits
All 61 2-beds →1602 last sold in November 2011 at AED 1,166 per sqft, 9% above what two-beds in Shemara were fetching at the time (AED 1,071). 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. 1602's AED 140,000 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 16th floor
All 153 units in Shemara1602, Shemara in numbers
- Sold once: by Emaar on 29 November 2011 for AED 1,644,888, or AED 1,166 per sqft.
- Rented since October 2013 on 6 Ejari contracts, from AED 160,000 to AED 140,000 a year.
- At AED 140,000 a year the gross yield on the 2011 price is 8.5%, 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 15 September 2026.
Questions about 1602, Shemara
What did unit 1602 last sell for?
AED 1,644,888 on 29 November 2011, sold by the developer: AED 1,166 per sqft for 1,410 sqft. It is the only registered sale of the unit.
What is the rent for unit 1602?
AED 140,000 a year on the contract signed on 15 September 2026. The previous contract, from September 2025, was AED 165,000; the unit has been rented since October 2013.
How big is unit 1602?
1,410 sqft (131.0 sqm): a two-bedroom apartment on the 16th floor of a 32-storey tower completed in 2008.
What is unit 1602 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 1602, Shemara
Starts from the last sale price (AED 1.64M, 29 November 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 1,644,888
- Deposit, UAE resident (20%)
- AED 328,978
- Deposit, non-resident (40%)
- AED 657,955
- Monthly over 25 years at 3.7%
- AED 6,730
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →