1604, Shemara
Sold prices and rental history: sold once, by the developer in August 2009, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1604, Shemara
What is 1604 worth today?
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Source: Dubai Land Department. Updated 15 April 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 895 sqft
- Floor
- 16th of 32
- Parking
- P1 - 1031
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 9,900 /yr
- Last sold
- AED 791K · August 2009
- Building
- Shemara
About 1604, Shemara
1604 is a one-bedroom apartment of 895 sqft on the 16th floor of Shemara, a 32-storey tower in Dubai Marina completed in 2008 by Emaar. The developer sold it on 12 August 2009 for AED 790,888, or AED 883 per sqft, 29% below the AED 1,252 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 12 Ejari contracts. The current contract, renewed on 15 April 2026, is AED 99,000 a year: a gross yield of 12.5% on the 2009 price, before the service charge of about AED 9,900 a year.
Sales and rents for 1604 over time
1604 has sold once; the dashed line is the one-bed median of each year in the building.
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 1604 sits
All 61 1-beds →1604 last sold in August 2009 at AED 883 per sqft, 29% below what one-beds in Shemara were fetching at the time (AED 1,252). 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. 1604's AED 99,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 27 Jul 202627 July 2026 | 895 sqft | 18,610 | 20 | ||
| 27 Feb 202627 February 2026 | 895 sqft | 1,840,000 | 2,055 | ||
| 13 Jan 202613 January 2026 | 895 sqft | 38,494 | 43 | ||
| 12 Dec 202512 December 2025 | 895 sqft | 2,058,000 | 2,299 |
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 Shemara| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 3-bed | 1,858 sqft | AED 3.55MAED 3,550,000 · Aug 2021August 2021 | 270,000 /yr | |
| 1602 | 2-bed | 1,410 sqft | AED 1.64MAED 1,644,888 · Nov 2011November 2011 | 140,000 /yr | |
| 1603 | 1-bed | 1,073 sqft | AED 1.39MAED 1,385,000 · Dec 2012December 2012 | ||
| 1605 | 2-bed | 1,350 sqft | AED 2.25MAED 2,250,000 · May 2022May 2022 | 150,000 /yr |
1604, Shemara in numbers
- Sold once: by Emaar on 12 August 2009 for AED 790,888, or AED 883 per sqft.
- Rented since March 2014 on 12 Ejari contracts. The rent fell from AED 100,000 to AED 80,000 in 2021 and recovered to AED 99,000 by April 2026.
- At AED 99,000 a year the gross yield on the 2009 price is 12.5%, before a service charge of about AED 9,900 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 15 April 2026.
Questions about 1604, Shemara
What did unit 1604 last sell for?
AED 790,888 on 12 August 2009, sold by the developer: AED 883 per sqft for 895 sqft. It is the only registered sale of the unit.
What is the rent for unit 1604?
AED 99,000 a year on the contract renewed on 15 April 2026. The previous contract, from April 2025, was AED 99,000; the unit has been rented since March 2014.
How big is unit 1604?
895 sqft (83.1 sqm): a one-bedroom apartment on the 16th floor of a 32-storey tower completed in 2008.
What is unit 1604 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 1604, Shemara
Starts from the last sale price (AED 791K, 12 August 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 790,888
- Deposit, UAE resident (20%)
- AED 158,178
- Deposit, non-resident (40%)
- AED 316,355
- Monthly over 25 years at 3.7%
- AED 3,236
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →