3-bed · 1,884 sqftShams 1, Jumeirah Beach Residence · 11th floor · completed 2007

1108, Shams 1

Sold prices and rental history: sold twice, last in November 2024, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1108 · DLD and Ejari recordsUpdated 13 November 2024
Last soldAED 2.44M13 November 2024
Current rentAED 125K /yr28 February 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1108, Shams 1

What is 1108 worth today?

Last sold for AED 2,435,000 in 2024

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13 Nov 2024SoldReady
AED 2,435,000AED 1,292 per sqft
28 Feb 2019RentedNew contract
AED 124,628/yr12 months · AED 66 per sqft
23 May 2012RentedNew contract
AED 105,000/yr12 months · AED 56 per sqft
19 Sep 2011Sold by developerReady
AED 1,069,182AED 567 per sqft

Source: Dubai Land Department. Updated 13 November 2024.

Key facts

Type
3-bed apartment
Size
1,884 sqft
Floor
11th of 43
Parking
M15/ M16
Developer
Dubai Properties
Completed
2007
Service charge
AED 28,300 /yr
Last sold
AED 2.44M · November 2024
Building
Shams 1

About 1108, Shams 1

1108 is a three-bedroom apartment of 1,884 sqft on the 11th floor of Shams 1, a 43-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 13 November 2024 for AED 2,435,000, or AED 1,292 per sqft, in line with the AED 1,300 three-beds in the building were fetching at the time.

It has been rented since 2012 on 2 Ejari contracts. The current contract, signed on 28 February 2019, is AED 124,628 a year: a gross yield of 5.1% on the 2024 price, before the service charge of about AED 28,300 a year.

Sales and rents for 1108 over time

Sales
Unit 1108, 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, November 2024: AED 2,435,000 (AED 1,292 per sqft)

1108 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1108, 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, May 2012: AED 105,000 a yearNew contract, February 2019: AED 124,628 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 1108 sits

All 104 3-beds →

1108 last sold in November 2024 at AED 1,292 per sqft, in line with what three-beds in Shams 1 were fetching at the time (AED 1,300). 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. 1108's AED 124,628 is at the bottom 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 11th floor

All 309 units in Shams 1
Value
11013-bedAED 2.73M · Jan 2014
11023-bedAED 1.8M · May 2022
11031-bedAED 1.4M · Oct 2013
11041-bedAED 1.4M · Sep 2022
11051-bedAED 1.7M · Mar 2014
11061-bedAED 728K · Mar 2018
11073-bedAED 2.13M · Nov 2017

1108, Shams 1 in numbers

  • Sold twice: first on 19 September 2011 for AED 1,069,182, last on 13 November 2024 for AED 2,435,000 (AED 1,292 per sqft).
  • Rented since May 2012 on 2 Ejari contracts, from AED 105,000 to AED 124,628 a year.
  • At AED 124,628 a year the gross yield on the 2024 price is 5.1%, 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 13 November 2024.

Questions about 1108, Shams 1

What did unit 1108 last sell for?

AED 2,435,000 on 13 November 2024: AED 1,292 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 1108?

AED 124,628 a year on the contract signed on 28 February 2019. The previous contract, from May 2012, was AED 105,000.

How big is unit 1108?

1,884 sqft (175.0 sqm): a three-bedroom apartment on the 11th floor of a 43-storey tower completed in 2007.

What is unit 1108 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 1108, Shams 1

Starts from the last sale price (AED 2.44M, 13 November 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,435,000
Deposit, UAE resident (20%)
AED 487,000
Deposit, non-resident (40%)
AED 974,000
Monthly over 25 years at 3.7%
AED 9,962

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