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1-bed · 1,073 sqftShemara, Dubai Marina · 16th floor · completed 2008

1603, Shemara

Sold prices and rental history: sold twice, last in December 2012, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1603 · DLD and Ejari recordsUpdated 16 December 2012
Last soldAED 1.39M16 December 2012
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1603, Shemara

What is 1603 worth today?

Last sold for AED 1,385,000 in 2012

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16 Dec 2012SoldReady
AED 1,385,000AED 1,290 per sqft
14 Mar 2011Sold by developerReady
AED 1,700,000AED 1,584 per sqft

Source: Dubai Land Department. Updated 16 December 2012.

Key facts

Type
1-bed apartment
Size
1,073 sqft
Floor
16th of 32
Parking
P2 - 2191
Developer
Emaar
Completed
2008
Service charge
AED 11,900 /yr
Last sold
AED 1.39M · December 2012
Building
Shemara

About 1603, Shemara

1603 is a one-bedroom apartment of 1,073 sqft on the 16th floor of Shemara, a 32-storey tower in Dubai Marina completed in 2008 by Emaar. It last sold on 16 December 2012 for AED 1,385,000, or AED 1,290 per sqft, in line with the AED 1,290 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1603 over time

Sales
Unit 1603, 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, March 2011: AED 1,700,000 (AED 1,584 per sqft)Sold, December 2012: AED 1,385,000 (AED 1,290 per sqft)

1603 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1603, 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 110,000

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 1603 sits

All 61 1-beds →

1603 last sold in December 2012 at AED 1,290 per sqft, in line with what one-beds in Shemara were fetching at the time (AED 1,290). 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.

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 16th floor

All 153 units in Shemara
Value
16013-bedAED 3.55M · Aug 2021
16022-bedAED 1.64M · Nov 2011
16041-bedAED 791K · Aug 2009
16052-bedAED 2.25M · May 2022

1603, Shemara in numbers

  • Sold twice: first on 14 March 2011 for AED 1,700,000, last on 16 December 2012 for AED 1,385,000 (AED 1,290 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 16 December 2012.

Questions about 1603, Shemara

What did unit 1603 last sell for?

AED 1,385,000 on 16 December 2012: AED 1,290 per sqft for 1,073 sqft. The unit has 2 registered sales; the first was AED 1,700,000 in March 2011.

How big is unit 1603?

1,073 sqft (99.7 sqm): a one-bedroom apartment on the 16th floor of a 32-storey tower completed in 2008.

What is unit 1603 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 1603, Shemara

Starts from the last sale price (AED 1.39M, 16 December 2012). Switch to today's estimate once you have unlocked it.
Price
AED 1,385,000
Deposit, UAE resident (20%)
AED 277,000
Deposit, non-resident (40%)
AED 554,000
Monthly over 25 years at 3.7%
AED 5,666

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