3-bed · 1,858 sqftShemara, Dubai Marina · 28th floor · completed 2008

2801, Shemara

Sold prices and rental history: sold 3 times, last in August 2020, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2801 · DLD and Ejari recordsUpdated 10 August 2020
Last soldAED 2.18M10 August 2020
Current rentAED 210K /yr1 October 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2801, Shemara

What is 2801 worth today?

Last sold for AED 2,175,000 in 2020

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10 Aug 2020SoldReady
AED 2,175,000AED 1,170 per sqft
1 Oct 2018RentedRenewal
AED 210,000/yr12 months · AED 113 per sqft
1 Oct 2017RentedNew contract
AED 220,000/yr12 months · AED 118 per sqft
1 Sep 2015RentedRenewal
AED 220,000/yr12 months · AED 118 per sqft
1 Sep 2014RentedNew contract
AED 220,000/yr12 months · AED 118 per sqft
3 Apr 2014SoldReady
AED 3,600,000AED 1,937 per sqft
1 Sep 2013RentedNew contract
AED 220,000/yr12 months · AED 118 per sqft
30 Mar 2011Sold by developerReady
AED 2,047,562AED 1,102 per sqft

Source: Dubai Land Department. Updated 10 August 2020.

Key facts

Type
3-bed apartment
Size
1,858 sqft
Floor
28th of 32
Parking
P3 - 3083, P3 - 3084
Developer
Emaar
Completed
2008
Service charge
AED 20,600 /yr
Last sold
AED 2.18M · August 2020
Building
Shemara

About 2801, Shemara

2801 is a three-bedroom apartment of 1,858 sqft on the 28th floor of Shemara, a 32-storey tower in Dubai Marina completed in 2008 by Emaar. It last sold on 10 August 2020 for AED 2,175,000, or AED 1,170 per sqft, 3% below the AED 1,211 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, renewed on 1 October 2018, is AED 210,000 a year: a gross yield of 9.7% on the 2020 price, before the service charge of about AED 20,600 a year.

Sales and rents for 2801 over time

Sales
Unit 2801, each saleTypical three-bed in Shemara
2M3M2009201320172021Typical sale price by year: 2009 AED 2,097,888; 2010 AED 2,837,500; 2011 AED 2,261,444; 2013 AED 3,487,500; 2020 AED 2,250,000; 2022 AED 3,275,000; 2023 AED 3,600,000Sold by developer, March 2011: AED 2,047,562 (AED 1,102 per sqft)Sold, April 2014: AED 3,600,000 (AED 1,937 per sqft)Sold, August 2020: AED 2,175,000 (AED 1,170 per sqft)

2801 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2801, each contractTypical three-bed in Shemara
150K200K250K2013201720212025Typical rent by year: 2013 AED 230,000; 2014 AED 230,000; 2015 AED 238,674; 2016 AED 239,668; 2017 AED 230,000; 2018 AED 205,000; 2019 AED 178,000; 2020 AED 158,181; 2021 AED 150,000; 2022 AED 175,000; 2023 AED 220,000; 2024 AED 230,000; 2025 AED 230,769; 2026 AED 240,385New contract, September 2013: AED 220,000 a yearNew contract, September 2014: AED 220,000 a yearRenewal, September 2015: AED 220,000 a yearNew contract, October 2017: AED 220,000 a yearRenewal, October 2018: AED 210,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Shemara, and where 2801 sits

All 30 3-beds →

2801 last sold in August 2020 at AED 1,170 per sqft, 3% below what three-beds in Shemara were fetching at the time (AED 1,211). Over the last 12 months three-beds sold for AED 4,800,000, around AED 2,583 per sqft, and rent for AED 200,000 to 290,000 a year. 2801's AED 210,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
16 Feb 20264,800,000
26 Sep 20254,350,000
30 Jun 20254,250,000
22 May 20244,450,000
1 3-bed sale 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 28th floor

All 153 units in Shemara
Value
28022-bedAED 1.62M · Sep 2011
28031-bedAED 1.09M · Aug 2010
28041-bedAED 841K · Jul 2009
28052-bedAED 3.03M · Aug 2010

2801, Shemara in numbers

  • Sold 3 times: first on 30 March 2011 for AED 2,047,562, last on 10 August 2020 for AED 2,175,000 (AED 1,170 per sqft).
  • Rented since September 2013 on 5 Ejari contracts, from AED 220,000 to AED 210,000 a year.
  • At AED 210,000 a year the gross yield on the 2020 price is 9.7%, before a service charge of about AED 20,600 a year (AED 11.10 per sqft).
  • Three-beds in Shemara sold for AED 4,800,000–4,800,000 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 10 August 2020.

Questions about 2801, Shemara

What did unit 2801 last sell for?

AED 2,175,000 on 10 August 2020: AED 1,170 per sqft for 1,858 sqft. The unit has 3 registered sales; the first was AED 2,047,562 in March 2011.

What is the rent for unit 2801?

AED 210,000 a year on the contract renewed on 1 October 2018. The previous contract, from October 2017, was AED 220,000; the unit has been rented since September 2013.

How big is unit 2801?

1,858 sqft (172.6 sqm): a three-bedroom apartment on the 28th floor of a 32-storey tower completed in 2008.

What is unit 2801 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Shemara sold for AED 4,800,000 to 4,800,000 in the last 12 months, around AED 2,583 per sqft.

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Mortgage on 2801, Shemara

Starts from the last sale price (AED 2.18M, 10 August 2020). Switch to today's estimate once you have unlocked it.
Price
AED 2,175,000
Deposit, UAE resident (20%)
AED 435,000
Deposit, non-resident (40%)
AED 870,000
Monthly over 25 years at 3.7%
AED 8,899

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