3-bed · 1,858 sqftShemara, Dubai Marina · 30th floor · completed 2008

3001, Shemara

Sold prices and rental history: sold twice, last in March 2023, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3001 · DLD and Ejari recordsUpdated 17 March 2023
Last soldAED 3.6M17 March 2023
Current rentAED 150K /yr15 January 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3001, Shemara

What is 3001 worth today?

Last sold for AED 3,600,000 in 2023

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17 Mar 2023SoldReady
AED 3,600,000AED 1,937 per sqft
15 Jan 2021RentedNew contract
AED 150,000/yr12 months · AED 81 per sqft
1 Jul 2020RentedRenewal
AED 156,361/yr4 months · AED 84 per sqft
14 Feb 2020RentedRenewal
AED 167,518/yr5 months · AED 90 per sqft
14 Feb 2019RentedNew contract
AED 180,000/yr12 months · AED 97 per sqft
16 Oct 2016RentedRenewal
AED 234,000/yr12 months · AED 126 per sqft
16 Oct 2015RentedRenewal
AED 234,000/yr12 months · AED 126 per sqft
14 Oct 2014RentedNew contract
AED 231,683/yr12 months · AED 124 per sqft

Source: Dubai Land Department. Updated 17 March 2023.

Key facts

Type
3-bed apartment
Size
1,858 sqft
Floor
30th of 32
Parking
P3 - 3037, P3 - 3038
Developer
Emaar
Completed
2008
Service charge
AED 20,600 /yr
Last sold
AED 3.6M · March 2023
Building
Shemara

About 3001, Shemara

3001 is a three-bedroom apartment of 1,858 sqft on the 30th floor of Shemara, a 32-storey tower in Dubai Marina completed in 2008 by Emaar. It last sold on 17 March 2023 for AED 3,600,000, or AED 1,937 per sqft, 6% above the AED 1,823 three-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 9 Ejari contracts. The current contract, signed on 15 January 2021, is AED 150,000 a year: a gross yield of 4.2% on the 2023 price, before the service charge of about AED 20,600 a year.

Sales and rents for 3001 over time

Sales
Unit 3001, 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, August 2009: AED 2,080,430 (AED 1,119 per sqft)Sold, March 2023: AED 3,600,000 (AED 1,937 per sqft)

3001 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 3001, each contractTypical three-bed in Shemara
150K200K250K2012201620202024Typical 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, October 2012: AED 234,000 a yearNew contract, October 2013: AED 232,749 a yearNew contract, October 2014: AED 231,683 a yearRenewal, October 2015: AED 234,000 a yearRenewal, October 2016: AED 234,000 a yearNew contract, February 2019: AED 180,000 a yearRenewal, February 2020: AED 167,518 a yearRenewal, July 2020: AED 156,361 a yearNew contract, January 2021: AED 150,000 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 3001 sits

All 30 3-beds →

3001 last sold in March 2023 at AED 1,937 per sqft, 6% above what three-beds in Shemara were fetching at the time (AED 1,823). 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. 3001's AED 150,000 is at the bottom 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 30th floor

All 153 units in Shemara
Value
30022-bedAED 2M · Jul 2021
30031-bedAED 2.01M · Sep 2014
30041-bedAED 1.3M · May 2021
30052-bedAED 2.45M · Jul 2018

3001, Shemara in numbers

  • Sold twice: first on 11 August 2009 for AED 2,080,430, last on 17 March 2023 for AED 3,600,000 (AED 1,937 per sqft).
  • Rented since October 2012 on 9 Ejari contracts, from AED 234,000 to AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2023 price is 4.2%, 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 17 March 2023.

Questions about 3001, Shemara

What did unit 3001 last sell for?

AED 3,600,000 on 17 March 2023: AED 1,937 per sqft for 1,858 sqft. The unit has 2 registered sales; the first was AED 2,080,430 in August 2009.

What is the rent for unit 3001?

AED 150,000 a year on the contract signed on 15 January 2021. The previous contract, from July 2020, was AED 156,361; the unit has been rented since October 2012.

How big is unit 3001?

1,858 sqft (172.6 sqm): a three-bedroom apartment on the 30th floor of a 32-storey tower completed in 2008.

What is unit 3001 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 3001, Shemara

Starts from the last sale price (AED 3.6M, 17 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,600,000
Deposit, UAE resident (20%)
AED 720,000
Deposit, non-resident (40%)
AED 1,440,000
Monthly over 25 years at 3.7%
AED 14,729

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