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1-bed · 1,073 sqftShemara, Dubai Marina · 3rd floor · completed 2008

303, Shemara

Sold prices and rental history: sold 3 times, last in March 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 303 · DLD and Ejari recordsUpdated 30 April 2023
Last soldAED 725K1 March 2023
Current rentAED 86K /yr30 April 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 303, Shemara

What is 303 worth today?

Last sold for AED 725,000 in 2023

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30 Apr 2023RentedNew contract
AED 85,549/yr11 months · AED 79 per sqft
1 Mar 2023SoldReady
AED 725,000AED 675 per sqft
1 May 2022RentedRenewal
AED 78,000/yr12 months · AED 72 per sqft
1 May 2021RentedNew contract
AED 72,000/yr12 months · AED 67 per sqft
8 Apr 2018RentedNew contract
AED 105,000/yr12 months · AED 98 per sqft
5 Jun 2017RentedNew contract
AED 127,293/yr12 months · AED 118 per sqft
6 Jun 2015RentedRenewal
AED 127,645/yr12 months · AED 119 per sqft
7 Jun 2014RentedNew contract
AED 120,000/yr12 months · AED 111 per sqft

Source: Dubai Land Department. Updated 30 April 2023.

Key facts

Type
1-bed apartment
Size
1,073 sqft
Floor
3rd of 32
Parking
P1 - 1040
Developer
Emaar
Completed
2008
Service charge
AED 11,900 /yr
Last sold
AED 725K · March 2023
Building
Shemara

About 303, Shemara

303 is a one-bedroom apartment of 1,073 sqft on the 3rd floor of Shemara, a 32-storey tower in Dubai Marina completed in 2008 by Emaar. It last sold on 1 March 2023 for AED 725,000, or AED 675 per sqft, 48% below the AED 1,291 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, signed on 30 April 2023, is AED 85,549 a year: a gross yield of 11.8% on the 2023 price, before the service charge of about AED 11,900 a year.

Sales and rents for 303 over time

Sales
Unit 303, each saleTypical one-bed in Shemara
1M2M2009201420192024Typical sale price by year: 2009 AED 886,315; 2010 AED 1,030,000; 2011 AED 906,888; 2012 AED 1,296,500; 2013 AED 1,350,000; 2014 AED 1,837,500; 2015 AED 1,007,500; 2016 AED 1,500,000; 2017 AED 1,685,000; 2018 AED 1,500,000; 2021 AED 1,182,500; 2023 AED 1,650,000; 2024 AED 1,730,000; 2025 AED 2,104,000Sold by developer, June 2010: AED 2,090,000 (AED 1,947 per sqft)Sold, June 2010: AED 1,100,000 (AED 1,025 per sqft)Sold, March 2023: AED 725,000 (AED 675 per sqft)

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

Rents
Unit 303, each contractTypical one-bed in Shemara
100K2013201720212025Typical rent by year: 2013 AED 100,000; 2014 AED 117,339; 2015 AED 120,000; 2016 AED 115,000; 2017 AED 115,000; 2018 AED 105,000; 2019 AED 87,000; 2020 AED 80,000; 2021 AED 80,000; 2022 AED 86,000; 2023 AED 115,000; 2024 AED 120,000; 2025 AED 121,000; 2026 AED 110,000New contract, May 2013: AED 95,000 a yearNew contract, June 2014: AED 120,000 a yearRenewal, June 2015: AED 127,645 a yearNew contract, June 2017: AED 127,293 a yearNew contract, April 2018: AED 105,000 a yearNew contract, May 2021: AED 72,000 a yearRenewal, May 2022: AED 78,000 a yearNew contract, April 2023: AED 85,549 a year

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 303 sits

All 61 1-beds →

303 last sold in March 2023 at AED 675 per sqft, 48% below what one-beds in Shemara were fetching at the time (AED 1,291). 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. 303's AED 85,549 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
27 Jul 202618,610
27 Feb 20261,840,000
13 Jan 202638,494
12 Dec 20252,058,000
5 1-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 3rd floor

All 153 units in Shemara
Value
3013-bedAED 2.93M · Sep 2013
3022-bedAED 1.51M · Jul 2009
3041-bedAED 725K · Aug 2010
3052-bedAED 650K · Nov 2009

303, Shemara in numbers

  • Sold 3 times: first on 8 June 2010 for AED 1,100,000, last on 1 March 2023 for AED 725,000 (AED 675 per sqft).
  • Rented since May 2013 on 8 Ejari contracts. The rent fell from AED 95,000 to AED 72,000 in 2021 and recovered to AED 85,549 by April 2023.
  • At AED 85,549 a year the gross yield on the 2023 price is 11.8%, before a service charge of about AED 11,900 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 30 April 2023.

Questions about 303, Shemara

What did unit 303 last sell for?

AED 725,000 on 1 March 2023: AED 675 per sqft for 1,073 sqft. The unit has 3 registered sales; the first was AED 1,100,000 in June 2010.

What is the rent for unit 303?

AED 85,549 a year on the contract signed on 30 April 2023. The previous contract, from May 2022, was AED 78,000; the unit has been rented since May 2013.

How big is unit 303?

1,073 sqft (99.7 sqm): a one-bedroom apartment on the 3rd floor of a 32-storey tower completed in 2008.

What is unit 303 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 303, Shemara

Starts from the last sale price (AED 725K, 1 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 725,000
Deposit, UAE resident (20%)
AED 145,000
Deposit, non-resident (40%)
AED 290,000
Monthly over 25 years at 3.7%
AED 2,966

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