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2-bed · 1,410 sqftShemara, Dubai Marina · 17th floor · completed 2008

1702, Shemara

Sold prices and rental history: sold 3 times, last in June 2017, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1702 · DLD and Ejari recordsUpdated 14 June 2017
Last soldAED 2.48M14 June 2017
Current rentAED 175K /yr2 June 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1702, Shemara

What is 1702 worth today?

Last sold for AED 2,475,000 in 2017

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14 Jun 2017SoldReady
AED 2,475,000AED 1,755 per sqft
2 Jun 2016RentedNew contract
AED 175,000/yr12 months · AED 124 per sqft
19 Dec 2013RentedNew contract
AED 160,000/yr12 months · AED 113 per sqft
24 Oct 2011SoldReady
AED 1,600,000AED 1,134 per sqft
28 Dec 2009Sold by developerReady
AED 2,750,000AED 1,950 per sqft

Source: Dubai Land Department. Updated 14 June 2017.

Key facts

Type
2-bed apartment
Size
1,410 sqft
Floor
17th of 32
Parking
P2 - 2082
Developer
Emaar
Completed
2008
Service charge
AED 15,700 /yr
Last sold
AED 2.48M · June 2017
Building
Shemara

About 1702, Shemara

1702 is a two-bedroom apartment of 1,410 sqft on the 17th floor of Shemara, a 32-storey tower in Dubai Marina completed in 2008 by Emaar. It last sold on 14 June 2017 for AED 2,475,000, or AED 1,755 per sqft.

It has been rented since 2013 on 2 Ejari contracts. The current contract, signed on 2 June 2016, is AED 175,000 a year: a gross yield of 7.1% on the 2017 price, before the service charge of about AED 15,700 a year.

Sales and rents for 1702 over time

Sales
Unit 1702, each saleTypical two-bed in Shemara
2M3M2009201420192024Typical sale price by year: 2009 AED 1,415,535; 2010 AED 1,597,500; 2011 AED 1,521,888; 2012 AED 1,650,000; 2013 AED 2,350,000; 2014 AED 3,150,000; 2015 AED 2,550,000; 2017 AED 2,260,000; 2018 AED 1,930,000; 2019 AED 1,650,000; 2021 AED 1,922,500; 2022 AED 2,250,000; 2023 AED 2,400,000; 2024 AED 2,775,000; 2025 AED 2,802,500; 2026 AED 2,845,000Sold by developer, December 2009: AED 2,750,000 (AED 1,950 per sqft)Sold, October 2011: AED 1,600,000 (AED 1,134 per sqft)Sold, June 2017: AED 2,475,000 (AED 1,755 per sqft)

1702 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1702, each contractTypical two-bed in Shemara
100K150K2012201620202024Typical rent by year: 2012 AED 130,000; 2013 AED 145,000; 2014 AED 157,625; 2015 AED 165,000; 2016 AED 155,000; 2017 AED 155,000; 2018 AED 140,000; 2019 AED 121,000; 2020 AED 105,000; 2021 AED 105,000; 2022 AED 114,000; 2023 AED 125,294; 2024 AED 154,000; 2025 AED 153,500; 2026 AED 150,924New contract, December 2013: AED 160,000 a yearNew contract, June 2016: AED 175,000 a year

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 1702 sits

All 61 2-beds →

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. 1702's AED 175,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
14 Jul 20262,815,000
22 Jun 20262,875,000
15 Apr 20262,750,000
7 Jan 20262,900,000
6 2-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 17th floor

All 153 units in Shemara
Value
17013-bedAED 2.04M · Aug 2010
17031-bedAED 969K · Sep 2009
17041-bedAED 1.9M · Mar 2025
17052-bedAED 2.6M · Nov 2025

1702, Shemara in numbers

  • Sold 3 times: first on 28 December 2009 for AED 2,750,000, last on 14 June 2017 for AED 2,475,000 (AED 1,755 per sqft).
  • Rented since December 2013 on 2 Ejari contracts, from AED 160,000 to AED 175,000 a year.
  • At AED 175,000 a year the gross yield on the 2017 price is 7.1%, 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 14 June 2017.

Questions about 1702, Shemara

What did unit 1702 last sell for?

AED 2,475,000 on 14 June 2017: AED 1,755 per sqft for 1,410 sqft. The unit has 3 registered sales; the first was AED 2,750,000 in December 2009.

What is the rent for unit 1702?

AED 175,000 a year on the contract signed on 2 June 2016. The previous contract, from December 2013, was AED 160,000.

How big is unit 1702?

1,410 sqft (131.0 sqm): a two-bedroom apartment on the 17th floor of a 32-storey tower completed in 2008.

What is unit 1702 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 1702, Shemara

Starts from the last sale price (AED 2.48M, 14 June 2017). Switch to today's estimate once you have unlocked it.
Price
AED 2,475,000
Deposit, UAE resident (20%)
AED 495,000
Deposit, non-resident (40%)
AED 990,000
Monthly over 25 years at 3.7%
AED 10,126

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