704, Shemara
Sold prices and rental history: sold 3 times, last in February 2024, 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 704, Shemara
What is 704 worth today?
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Source: Dubai Land Department. Updated 5 November 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 895 sqft
- Floor
- 7th of 32
- Parking
- P1 - 1128
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 9,900 /yr
- Last sold
- AED 1.6M · February 2024
- Building
- Shemara
About 704, Shemara
704 is a one-bedroom apartment of 895 sqft on the 7th floor of Shemara, a 32-storey tower in Dubai Marina completed in 2008 by Emaar. It last sold on 12 February 2024 for AED 1,600,000, or AED 1,787 per sqft, 10% above the AED 1,620 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, renewed on 5 November 2026, is AED 115,000 a year: a gross yield of 7.2% on the 2024 price, before the service charge of about AED 9,900 a year.
Sales and rents for 704 over time
704 has sold 3 times; 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 704 sits
All 61 1-beds →704 last sold in February 2024 at AED 1,787 per sqft, 10% above what one-beds in Shemara were fetching at the time (AED 1,620). 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. 704'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 7th floor
All 153 units in Shemara704, Shemara in numbers
- Sold 3 times: first on 14 October 2009 for AED 376,944, last on 12 February 2024 for AED 1,600,000 (AED 1,787 per sqft).
- Rented since July 2013 on 11 Ejari contracts. The rent fell from AED 135,000 to AED 65,000 in 2021 and recovered to AED 115,000 by November 2026.
- At AED 115,000 a year the gross yield on the 2024 price is 7.2%, 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 5 November 2026.
Questions about 704, Shemara
What did unit 704 last sell for?
AED 1,600,000 on 12 February 2024: AED 1,787 per sqft for 895 sqft. The unit has 3 registered sales; the first was AED 376,944 in October 2009.
What is the rent for unit 704?
AED 115,000 a year on the contract renewed on 5 November 2026. The previous contract, from November 2024, was AED 115,000; the unit has been rented since July 2013.
How big is unit 704?
895 sqft (83.1 sqm): a one-bedroom apartment on the 7th floor of a 32-storey tower completed in 2008.
What is unit 704 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 704, Shemara
Starts from the last sale price (AED 1.6M, 12 February 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,600,000
- Deposit, UAE resident (20%)
- AED 320,000
- Deposit, non-resident (40%)
- AED 640,000
- Monthly over 25 years at 3.7%
- AED 6,546
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →