503, Shemara
Sold prices and rental history: sold once, by the developer in April 2011, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 503, Shemara
What is 503 worth today?
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Source: Dubai Land Department. Updated 22 September 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 1,073 sqft
- Floor
- 5th of 32
- Parking
- P1 - 1046
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 11,900 /yr
- Last sold
- AED 907K · April 2011
- Building
- Shemara
About 503, Shemara
503 is a one-bedroom apartment of 1,073 sqft on the 5th floor of Shemara, a 32-storey tower in Dubai Marina completed in 2008 by Emaar. The developer sold it on 3 April 2011 for AED 906,888, or AED 845 per sqft, 13% below the AED 966 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 10 Ejari contracts. The current contract, renewed on 22 September 2023, is AED 115,000 a year: a gross yield of 12.7% on the 2011 price, before the service charge of about AED 11,900 a year.
Sales and rents for 503 over time
503 has sold once; the dashed line is the one-bed median of each year in the building.
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 503 sits
All 61 1-beds →503 last sold in April 2011 at AED 845 per sqft, 13% below what one-beds in Shemara were fetching at the time (AED 966). 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. 503's AED 115,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 27 Jul 202627 July 2026 | 895 sqft | 18,610 | 20 | ||
| 27 Feb 202627 February 2026 | 895 sqft | 1,840,000 | 2,055 | ||
| 13 Jan 202613 January 2026 | 895 sqft | 38,494 | 43 | ||
| 12 Dec 202512 December 2025 | 895 sqft | 2,058,000 | 2,299 |
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 | |
| 502 | 2-bed | 1,410 sqft | AED 1.62MAED 1,620,000 · Oct 2021October 2021 | 96,000 /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 |
503, Shemara in numbers
- Sold once: by Emaar on 3 April 2011 for AED 906,888, or AED 845 per sqft.
- Rented since May 2014 on 10 Ejari contracts. The rent fell from AED 125,000 to AED 85,000 in 2020 and recovered to AED 115,000 by September 2023.
- At AED 115,000 a year the gross yield on the 2011 price is 12.7%, 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 22 September 2023.
Questions about 503, Shemara
What did unit 503 last sell for?
AED 906,888 on 3 April 2011, sold by the developer: AED 845 per sqft for 1,073 sqft. It is the only registered sale of the unit.
What is the rent for unit 503?
AED 115,000 a year on the contract renewed on 22 September 2023. The previous contract, from September 2022, was AED 110,000; the unit has been rented since May 2014.
How big is unit 503?
1,073 sqft (99.7 sqm): a one-bedroom apartment on the 5th floor of a 32-storey tower completed in 2008.
What is unit 503 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 503, Shemara
Starts from the last sale price (AED 907K, 3 April 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 906,888
- Deposit, UAE resident (20%)
- AED 181,378
- Deposit, non-resident (40%)
- AED 362,755
- Monthly over 25 years at 3.7%
- AED 3,710
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →