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1-bed · 895 sqftShemara, Dubai Marina · 5th floor · completed 2008

504, Shemara

Sold prices and rental history: sold twice, last in August 2021, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 504 · DLD and Ejari recordsUpdated 18 August 2021
Last soldAED 1.25M18 August 2021
Current rentAED 74K /yr1 August 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 504, Shemara

What is 504 worth today?

Last sold for AED 1,250,000 in 2021

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18 Aug 2021SoldReady
AED 1,250,000AED 1,396 per sqft
1 Aug 2019RentedNew contract
AED 74,000/yr12 months · AED 83 per sqft
15 Mar 2017RentedNew contract
AED 110,000/yr12 months · AED 123 per sqft
26 Nov 2014RentedNew contract
AED 110,000/yr12 months · AED 123 per sqft
15 Aug 2010Sold by developerReady
AED 745,888AED 833 per sqft

Source: Dubai Land Department. Updated 18 August 2021.

Key facts

Type
1-bed apartment
Size
895 sqft
Floor
5th of 32
Parking
P1 - 1105
Developer
Emaar
Completed
2008
Service charge
AED 9,900 /yr
Last sold
AED 1.25M · August 2021
Building
Shemara

About 504, Shemara

504 is a one-bedroom apartment of 895 sqft on the 5th floor of Shemara, a 32-storey tower in Dubai Marina completed in 2008 by Emaar. It last sold on 18 August 2021 for AED 1,250,000, or AED 1,396 per sqft, 16% above the AED 1,206 one-beds in the building were fetching at the time.

It has been rented since 2014 on 3 Ejari contracts. The current contract, signed on 1 August 2019, is AED 74,000 a year: a gross yield of 5.9% on the 2021 price, before the service charge of about AED 9,900 a year.

Sales and rents for 504 over time

Sales
Unit 504, 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, August 2010: AED 745,888 (AED 833 per sqft)Sold, August 2021: AED 1,250,000 (AED 1,396 per sqft)

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

Rents
Unit 504, each contractTypical one-bed in Shemara
75K100K125K2013201720212025Typical 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, November 2014: AED 110,000 a yearNew contract, March 2017: AED 110,000 a yearNew contract, August 2019: AED 74,000 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 504 sits

All 61 1-beds →

504 last sold in August 2021 at AED 1,396 per sqft, 16% above what one-beds in Shemara were fetching at the time (AED 1,206). 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. 504's AED 74,000 is at the bottom 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 5th floor

All 153 units in Shemara
Value
5013-bedAED 2.45M · Dec 2011
5022-bedAED 1.62M · Oct 2021
5031-bedAED 907K · Apr 2011
5052-bedAED 1.6M · May 2010

504, Shemara in numbers

  • Sold twice: first on 15 August 2010 for AED 745,888, last on 18 August 2021 for AED 1,250,000 (AED 1,396 per sqft).
  • Rented since November 2014 on 3 Ejari contracts, from AED 110,000 to AED 74,000 a year.
  • At AED 74,000 a year the gross yield on the 2021 price is 5.9%, before a service charge of about AED 9,900 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 18 August 2021.

Questions about 504, Shemara

What did unit 504 last sell for?

AED 1,250,000 on 18 August 2021: AED 1,396 per sqft for 895 sqft. The unit has 2 registered sales; the first was AED 745,888 in August 2010.

What is the rent for unit 504?

AED 74,000 a year on the contract signed on 1 August 2019. The previous contract, from March 2017, was AED 110,000; the unit has been rented since November 2014.

How big is unit 504?

895 sqft (83.1 sqm): a one-bedroom apartment on the 5th floor of a 32-storey tower completed in 2008.

What is unit 504 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 504, Shemara

Starts from the last sale price (AED 1.25M, 18 August 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,250,000
Deposit, UAE resident (20%)
AED 250,000
Deposit, non-resident (40%)
AED 500,000
Monthly over 25 years at 3.7%
AED 5,114

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