502, Shemara
Sold prices and rental history: sold twice, last in October 2021, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 502, Shemara
What is 502 worth today?
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Source: Dubai Land Department. Updated 25 October 2021.
Key facts
- Type
- 2-bed apartment
- Size
- 1,410 sqft
- Floor
- 5th of 32
- Parking
- P4 - 4089
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 15,700 /yr
- Last sold
- AED 1.62M · October 2021
- Building
- Shemara
About 502, Shemara
502 is a two-bedroom apartment of 1,410 sqft on the 5th floor of Shemara, a 32-storey tower in Dubai Marina completed in 2008 by Emaar. It last sold on 25 October 2021 for AED 1,620,000, or AED 1,148 per sqft, 18% below the AED 1,392 two-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 1 August 2020, is AED 96,000 a year: a gross yield of 5.9% on the 2021 price, before the service charge of about AED 15,700 a year.
Sales and rents for 502 over time
502 has sold twice; the dashed line is the two-bed median of each year in the building.
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 502 sits
All 61 2-beds →502 last sold in October 2021 at AED 1,148 per sqft, 18% below what two-beds in Shemara were fetching at the time (AED 1,392). 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. 502's AED 96,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 14 Jul 202614 July 2026 | 1,410 sqft | 2,815,000 | 1,996 | ||
| 22 Jun 202622 June 2026 | 1,410 sqft | 2,875,000 | 2,039 | ||
| 15 Apr 202615 April 2026 | 1,350 sqft | 2,750,000 | 2,037 | ||
| 7 Jan 20267 January 2026 | 1,495 sqft | 2,900,000 | 1,939 |
Shemara
Building153 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%
Other units on the 5th floor
All 153 units in Shemara| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 3-bed | 1,858 sqft | AED 2.45MAED 2,450,000 · Dec 2011December 2011 | 190,000 /yr | |
| 503 | 1-bed | 1,073 sqft | AED 907KAED 906,888 · Apr 2011April 2011 | 115,000 /yr | |
| 504 | 1-bed | 895 sqft | AED 1.25MAED 1,250,000 · Aug 2021August 2021 | 74,000 /yr | |
| 505 | 2-bed | 1,350 sqft | AED 1.6MAED 1,595,000 · May 2010May 2010 | 50,000 /yr |
502, Shemara in numbers
- Sold twice: first on 15 November 2011 for AED 1,521,888, last on 25 October 2021 for AED 1,620,000 (AED 1,148 per sqft).
- Rented since January 2013 on 8 Ejari contracts, from AED 135,000 to AED 96,000 a year.
- At AED 96,000 a year the gross yield on the 2021 price is 5.9%, 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 25 October 2021.
Questions about 502, Shemara
What did unit 502 last sell for?
AED 1,620,000 on 25 October 2021: AED 1,148 per sqft for 1,410 sqft. The unit has 2 registered sales; the first was AED 1,521,888 in November 2011.
What is the rent for unit 502?
AED 96,000 a year on the contract signed on 1 August 2020. The previous contract, from August 2019, was AED 120,000; the unit has been rented since January 2013.
How big is unit 502?
1,410 sqft (131.0 sqm): a two-bedroom apartment on the 5th floor of a 32-storey tower completed in 2008.
What is unit 502 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 502, Shemara
Starts from the last sale price (AED 1.62M, 25 October 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 1,620,000
- Deposit, UAE resident (20%)
- AED 324,000
- Deposit, non-resident (40%)
- AED 648,000
- Monthly over 25 years at 3.7%
- AED 6,628
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →