Studio · 643 sqftSunshine Residences, Dubai Silicon Oasis · 10th floor · completed 2016

1001, Sunshine Residences

Sold prices and rental history: sold once, by the developer in March 2018, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1001 · DLD and Ejari recordsUpdated 1 November 2024
Last soldAED 45K4 March 2018
Current rentAED 35K /yr1 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1001, Sunshine Residences

What is 1001 worth today?

Last sold for AED 45,001 in 2018

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1 Nov 2024RentedRenewal
AED 35,000/yr12 months · AED 54 per sqft
1 Nov 2023RentedRenewal
AED 35,000/yr12 months · AED 54 per sqft
1 Nov 2022RentedRenewal
AED 35,000/yr12 months · AED 54 per sqft
1 Nov 2021RentedRenewal
AED 35,000/yr12 months · AED 54 per sqft
1 Oct 2020RentedNew contract
AED 35,000/yr13 months · AED 54 per sqft
1 Jul 2019RentedNew contract
AED 32,308/yr13 months · AED 50 per sqft
1 Apr 2019RentedNew contract
AED 38,000/yr12 months · AED 59 per sqft
4 Mar 2018Sold by developerReady · flagged as an outlier
AED 45,001AED 69 per sqft

Source: Dubai Land Department. Updated 1 November 2024.

Key facts

Type
Studio apartment
Size
643 sqft
Floor
10th of 10
Parking
B-50
Developer
Sun And Sand Developerso
Completed
2016
Service charge
AED 9,600 /yr
Last sold
AED 45K · March 2018

About 1001, Sunshine Residences

1001 is a studio of 643 sqft on the 10th floor of Sunshine Residences, a 10-storey tower in Dubai Silicon Oasis completed in 2016 by Sun And Sand Developerso. The developer sold it on 4 March 2018 for AED 45,001, or AED 69 per sqft, in line with the AED 69 studios in the building were fetching at the time.

It has been rented continuously since 2017 on 9 Ejari contracts. The current contract, renewed on 1 November 2024, is AED 35,000 a year: a gross yield of 77.8% on the 2018 price, before the service charge of about AED 9,600 a year.

Sales and rents for 1001 over time

Rents
Unit 1001, each contractTypical studio in Sunshine Residences
35K40K2017202020232026Typical rent by year: 2017 AED 32,000; 2018 AED 32,000; 2019 AED 32,308; 2020 AED 32,000; 2021 AED 32,650; 2022 AED 35,000; 2023 AED 35,000; 2024 AED 35,000; 2025 AED 38,000; 2026 AED 39,000New contract, January 2017: AED 32,000 a yearRenewal, January 2018: AED 32,000 a yearNew contract, April 2019: AED 38,000 a yearNew contract, July 2019: AED 32,308 a yearNew contract, October 2020: AED 35,000 a yearRenewal, November 2021: AED 35,000 a yearRenewal, November 2022: AED 35,000 a yearRenewal, November 2023: AED 35,000 a yearRenewal, November 2024: AED 35,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Sunshine Residences, and where 1001 sits

All 6 studios →

1001 last sold in March 2018 at AED 69 per sqft, in line with what studios in Sunshine Residences were fetching at the time (AED 69). 1001's AED 35,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
4 Mar 201838,800
4 Mar 201842,514
4 Mar 201838,800
4 Mar 201848,715
0 studio sales in the last 12 months

Sunshine Residences

Building

46 apartments, studios to 3-bed over 10 floors in Dubai Silicon Oasis, completed in 2016 by Sun And Sand Developerso. No sale in the last 12 months.

Typical price per sqft
Few sales
Typical sale
Few sales
Typical rent
AED 140K /yr
Typical yield
Sunshine Residences, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 10th floor

All 46 units in Sunshine Residences
Value
1002StudioAED 39K · Mar 2018
1003StudioAED 39K · Mar 2018
1004StudioAED 43K · Mar 2018
1005StudioAED 49K · Mar 2018
1006StudioAED 51K · Mar 2018

1001, Sunshine Residences in numbers

  • Sold once: by Sun And Sand Developerso on 4 March 2018 for AED 45,001, or AED 69 per sqft.
  • Rented since January 2017 on 9 Ejari contracts, from AED 32,000 to AED 35,000 a year.
  • At AED 35,000 a year the gross yield on the 2018 price is 77.8%, before a service charge of about AED 9,600 a year (AED 14.93 per sqft).

Source: Dubai Land Department. Updated 1 November 2024.

Questions about 1001, Sunshine Residences

What did unit 1001 last sell for?

AED 45,001 on 4 March 2018, sold by the developer: AED 69 per sqft for 643 sqft. It is the only registered sale of the unit.

What is the rent for unit 1001?

AED 35,000 a year on the contract renewed on 1 November 2024. The previous contract, from November 2023, was AED 35,000; the unit has been rented since January 2017.

How big is unit 1001?

643 sqft (59.7 sqm): a studio on the 10th floor of a 10-storey tower completed in 2016.

What is unit 1001 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 1001, Sunshine Residences

Starts from the last sale price (AED 45K, 4 March 2018). Switch to today's estimate once you have unlocked it.
Price
AED 45,001
Deposit, UAE resident (20%)
AED 9,000
Deposit, non-resident (40%)
AED 18,000
Monthly over 25 years at 3.7%
AED 184

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