505, Shemara
Sold prices and rental history: sold twice, last in May 2010, 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 505, Shemara
What is 505 worth today?
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Source: Dubai Land Department. Updated 13 July 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,350 sqft
- Floor
- 5th of 32
- Parking
- P4 - 4015
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 15,000 /yr
- Last sold
- AED 1.6M · May 2010
- Building
- Shemara
About 505, Shemara
505 is a two-bedroom apartment of 1,350 sqft on the 5th floor of Shemara, a 32-storey tower in Dubai Marina completed in 2008 by Emaar. It last sold on 2 May 2010 for AED 1,595,000, or AED 1,181 per sqft, 18% above the AED 1,003 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 12 Ejari contracts. The current contract, renewed on 13 July 2024, is AED 50,000 a year: a gross yield of 3.1% on the 2010 price, before the service charge of about AED 15,000 a year.
Sales and rents for 505 over time
505 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 505 sits
All 61 2-beds →505 last sold in May 2010 at AED 1,181 per sqft, 18% above what two-beds in Shemara were fetching at the time (AED 1,003). 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. 505's AED 50,000 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 | |
| 502 | 2-bed | 1,410 sqft | AED 1.62MAED 1,620,000 · Oct 2021October 2021 | 96,000 /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, Shemara in numbers
- Sold twice: first on 11 March 2010 for AED 1,318,888, last on 2 May 2010 for AED 1,595,000 (AED 1,181 per sqft).
- Rented since October 2013 on 12 Ejari contracts, at AED 50,000 a year.
- At AED 50,000 a year the gross yield on the 2010 price is 3.1%, before a service charge of about AED 15,000 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 13 July 2024.
Questions about 505, Shemara
What did unit 505 last sell for?
AED 1,595,000 on 2 May 2010: AED 1,181 per sqft for 1,350 sqft. The unit has 2 registered sales; the first was AED 1,318,888 in March 2010.
What is the rent for unit 505?
AED 50,000 a year on the contract renewed on 13 July 2024. The previous contract, from July 2024, was AED 50,000; the unit has been rented since October 2013.
How big is unit 505?
1,350 sqft (125.4 sqm): a two-bedroom apartment on the 5th floor of a 32-storey tower completed in 2008.
What is unit 505 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 505, Shemara
Starts from the last sale price (AED 1.6M, 2 May 2010). Switch to today's estimate once you have unlocked it.- Price
- AED 1,595,000
- Deposit, UAE resident (20%)
- AED 319,000
- Deposit, non-resident (40%)
- AED 638,000
- Monthly over 25 years at 3.7%
- AED 6,526
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →