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3-bed · 1,884 sqftShams 1, Jumeirah Beach Residence · 10th floor · completed 2007

1001, Shams 1

Sold prices and rental history: sold twice, last in March 2018, and rented once, from July 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1001 · DLD and Ejari recordsUpdated 7 March 2018
Last soldAED 1.05M7 March 2018
Current rentAED 150K /yr20 July 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1001, Shams 1

What is 1001 worth today?

Last sold for AED 1,050,000 in 2018

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7 Mar 2018SoldReady
AED 1,050,000AED 557 per sqft
20 Jul 2014RentedNew contract
AED 149,598/yr12 months · AED 79 per sqft
19 Sep 2011Sold by developerReady
AED 1,069,182AED 567 per sqft

Source: Dubai Land Department. Updated 7 March 2018.

Key facts

Type
3-bed apartment
Size
1,884 sqft
Floor
10th of 43
Parking
G113/ G114
Developer
Dubai Properties
Completed
2007
Service charge
AED 28,300 /yr
Last sold
AED 1.05M · March 2018
Building
Shams 1

About 1001, Shams 1

1001 is a three-bedroom apartment of 1,884 sqft on the 10th floor of Shams 1, a 43-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 7 March 2018 for AED 1,050,000, or AED 557 per sqft, 50% below the AED 1,121 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 20 July 2014. The current contract, signed on 20 July 2014, is AED 149,598 a year: a gross yield of 14.2% on the 2018 price, before the service charge of about AED 28,300 a year.

Sales and rents for 1001 over time

Sales
Unit 1001, each saleTypical three-bed in Shams 1
1M2M3M20112015201920232027Typical sale price by year: 2011 AED 1,069,182; 2013 AED 2,300,000; 2014 AED 2,655,000; 2015 AED 2,750,000; 2017 AED 2,125,000; 2018 AED 2,050,000; 2019 AED 1,675,000; 2021 AED 1,800,000; 2022 AED 2,078,930; 2023 AED 2,262,500; 2024 AED 2,450,000; 2025 AED 2,500,000; 2026 AED 2,752,500Sold by developer, September 2011: AED 1,069,182 (AED 567 per sqft)Sold, March 2018: AED 1,050,000 (AED 557 per sqft)

1001 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1001, each contractTypical three-bed in Shams 1
100K150K2012201620202024Typical rent by year: 2012 AED 105,000; 2013 AED 110,250; 2014 AED 170,000; 2015 AED 170,250; 2016 AED 170,000; 2017 AED 159,527; 2018 AED 140,000; 2019 AED 130,000; 2020 AED 115,000; 2021 AED 125,000; 2022 AED 140,000; 2023 AED 152,500; 2024 AED 170,000; 2025 AED 180,000; 2026 AED 180,000New contract, July 2014: AED 149,598 a year

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

3-beds in Shams 1, and where 1001 sits

All 104 3-beds →

1001 last sold in March 2018 at AED 557 per sqft, 50% below what three-beds in Shams 1 were fetching at the time (AED 1,121). Over the last 12 months three-beds sold for AED 2,500,000 to 2,935,000, around AED 1,461 per sqft, and rent for AED 145,000 to 250,000 a year. 1001's AED 149,598 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
29 Oct 20262,825,000
3 Jun 20262,500,000
21 May 20262,580,000
15 May 20262,900,000
6 3-bed sales in the last 12 months

Shams 1

Building

309 apartments, 1-bed to 3-bed over 43 floors in Jumeirah Beach Residence, completed in 2007 by Dubai Properties. 20 sold in the last 12 months.

Typical price per sqft
AED 1,497 Down 4.2%
Typical sale
AED 2.39M
Typical rent
AED 127K /yr
Typical yield
6.3%
Shams 1, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 10th floor

All 309 units in Shams 1
Value
10023-bedAED 2.28M · Nov 2016
10031-bedAED 1.4M · Oct 2013
10041-bedAED 1.46M · Oct 2017
10051-bedAED 1.57M · Apr 2026
10061-bedAED 1.1M · Apr 2021
10073-bedAED 1.4M · Jan 2021
10083-bedAED 2.53M · Jun 2024

1001, Shams 1 in numbers

  • Sold twice: first on 19 September 2011 for AED 1,069,182, last on 7 March 2018 for AED 1,050,000 (AED 557 per sqft).
  • Rented since July 2014 on one Ejari contract, at AED 149,598 a year.
  • At AED 149,598 a year the gross yield on the 2018 price is 14.2%, before a service charge of about AED 28,300 a year (AED 15.02 per sqft).
  • Three-beds in Shams 1 sold for AED 2,500,000–2,935,000 in the 12 months to November 2026; the building's median across all types is AED 1,497 per sqft.

Source: Dubai Land Department. Updated 7 March 2018.

Questions about 1001, Shams 1

What did unit 1001 last sell for?

AED 1,050,000 on 7 March 2018: AED 557 per sqft for 1,884 sqft. The unit has 2 registered sales; the first was AED 1,069,182 in September 2011.

What is the rent for unit 1001?

AED 149,598 a year on the contract signed on 20 July 2014.

How big is unit 1001?

1,884 sqft (175.0 sqm): a three-bedroom apartment on the 10th floor of a 43-storey tower completed in 2007.

What is unit 1001 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Shams 1 sold for AED 2,500,000 to 2,935,000 in the last 12 months, around AED 1,461 per sqft.

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Mortgage on 1001, Shams 1

Starts from the last sale price (AED 1.05M, 7 March 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,050,000
Deposit, UAE resident (20%)
AED 210,000
Deposit, non-resident (40%)
AED 420,000
Monthly over 25 years at 3.7%
AED 4,296

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