2-bed · 3,065 sqftShemara, Dubai Marina · 2nd floor · completed 2008

202, Shemara

Sold prices and rental history: sold twice, last in November 2024, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 202 · DLD and Ejari recordsUpdated 11 November 2024
Last soldAED 2.78M11 November 2024
Current rentAED 200K /yr1 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 202, Shemara

What is 202 worth today?

Last sold for AED 2,775,000 in 2024

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11 Nov 2024SoldReady
AED 2,775,000AED 905 per sqft
1 May 2024RentedNew contract
AED 200,000/yr12 months · AED 65 per sqft
1 May 2024RentedNew contract
AED 200,000/yr12 months · AED 65 per sqft
2 Aug 2023RentedRenewal
AED 125,587/yr6 months · AED 41 per sqft
2 Aug 2022RentedRenewal
AED 125,000/yr12 months · AED 41 per sqft
2 Aug 2021RentedRenewal
AED 125,000/yr12 months · AED 41 per sqft
2 Aug 2020RentedNew contract
AED 125,000/yr12 months · AED 41 per sqft
26 Oct 2017RentedNew contract
AED 177,500/yr12 months · AED 58 per sqft

Source: Dubai Land Department. Updated 11 November 2024.

Key facts

Type
2-bed apartment
Size
3,065 sqft
Floor
2nd of 32
Parking
P3 - 3016
Developer
Emaar
Completed
2008
Service charge
AED 34,000 /yr
Last sold
AED 2.78M · November 2024
Building
Shemara

About 202, Shemara

202 is a two-bedroom apartment of 3,065 sqft on the 2nd floor of Shemara, a 32-storey tower in Dubai Marina completed in 2008 by Emaar. It last sold on 11 November 2024 for AED 2,775,000, or AED 905 per sqft, 55% below the AED 1,991 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 9 Ejari contracts. The current contract, signed on 1 May 2024, is AED 200,000 a year: a gross yield of 7.2% on the 2024 price, before the service charge of about AED 34,000 a year.

Sales and rents for 202 over time

Sales
Unit 202, 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, August 2010: AED 3,452,586 (AED 1,126 per sqft)Sold, November 2024: AED 2,775,000 (AED 905 per sqft)

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

Rents
Unit 202, each contractTypical two-bed in Shemara
100K150K200K2012201620202024Typical 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, November 2015: AED 190,000 a yearNew contract, September 2016: AED 180,000 a yearNew contract, October 2017: AED 177,500 a yearNew contract, August 2020: AED 125,000 a yearRenewal, August 2021: AED 125,000 a yearRenewal, August 2022: AED 125,000 a yearRenewal, August 2023: AED 125,587 a yearNew contract, May 2024: AED 200,000 a yearNew contract, May 2024: AED 200,000 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 202 sits

All 61 2-beds →

202 last sold in November 2024 at AED 905 per sqft, 55% below what two-beds in Shemara were fetching at the time (AED 1,991). 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. 202's AED 200,000 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 2nd floor

All 153 units in Shemara
Value
2012-bedAED 2.6M · Mar 2015
2032-bedAED 1.22M · Dec 2010
2041-bedAED 1.65M · May 2023
2051-bedAED 719K · Nov 2010

202, Shemara in numbers

  • Sold twice: first on 11 August 2010 for AED 3,452,586, last on 11 November 2024 for AED 2,775,000 (AED 905 per sqft).
  • Rented since November 2015 on 9 Ejari contracts. The rent fell from AED 190,000 to AED 125,000 in 2022 and recovered to AED 200,000 by May 2024.
  • At AED 200,000 a year the gross yield on the 2024 price is 7.2%, before a service charge of about AED 34,000 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 11 November 2024.

Questions about 202, Shemara

What did unit 202 last sell for?

AED 2,775,000 on 11 November 2024: AED 905 per sqft for 3,065 sqft. The unit has 2 registered sales; the first was AED 3,452,586 in August 2010.

What is the rent for unit 202?

AED 200,000 a year on the contract signed on 1 May 2024. The previous contract, from May 2024, was AED 200,000; the unit has been rented since November 2015.

How big is unit 202?

3,065 sqft (284.7 sqm): a two-bedroom apartment on the 2nd floor of a 32-storey tower completed in 2008.

What is unit 202 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 202, Shemara

Starts from the last sale price (AED 2.78M, 11 November 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,775,000
Deposit, UAE resident (20%)
AED 555,000
Deposit, non-resident (40%)
AED 1,110,000
Monthly over 25 years at 3.7%
AED 11,353

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