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1-bed · 1,199 sqftShams 1, Jumeirah Beach Residence · 12th floor · completed 2007

1203, Shams 1

Sold prices and rental history: sold twice, last in October 2013, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1203 · DLD and Ejari recordsUpdated 8 February 2016
Last soldAED 1.4M30 October 2013
Current rentAED 130K /yr8 February 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1203, Shams 1

What is 1203 worth today?

Last sold for AED 1,400,000 in 2013

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8 Feb 2016RentedNew contract
AED 130,000/yr12 months · AED 109 per sqft
13 Dec 2014RentedNew contract
AED 120,000/yr12 months · AED 100 per sqft
30 Oct 2013SoldReady
AED 1,400,000AED 1,167 per sqft
19 Sep 2011Sold by developerReady
AED 1,069,182AED 891 per sqft

Source: Dubai Land Department. Updated 8 February 2016.

Key facts

Type
1-bed apartment
Size
1,199 sqft
Floor
12th of 43
Parking
B134
Developer
Dubai Properties
Completed
2007
Service charge
AED 18,000 /yr
Last sold
AED 1.4M · October 2013
Building
Shams 1

About 1203, Shams 1

1203 is a one-bedroom apartment of 1,199 sqft on the 12th floor of Shams 1, a 43-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 30 October 2013 for AED 1,400,000, or AED 1,167 per sqft, 10% above the AED 1,057 one-beds in the building were fetching at the time.

It has been rented since 2014 on 2 Ejari contracts. The current contract, signed on 8 February 2016, is AED 130,000 a year: a gross yield of 9.3% on the 2013 price, before the service charge of about AED 18,000 a year.

Sales and rents for 1203 over time

Sales
Unit 1203, each saleTypical one-bed in Shams 1
1M1.5M20112015201920232027Typical sale price by year: 2011 AED 1,069,182; 2013 AED 1,250,000; 2014 AED 1,662,500; 2015 AED 1,470,000; 2017 AED 1,375,000; 2018 AED 1,375,000; 2019 AED 1,600,000; 2021 AED 1,300,000; 2022 AED 1,450,000; 2023 AED 1,440,000; 2024 AED 1,590,000; 2025 AED 1,640,000; 2026 AED 1,710,000Sold by developer, September 2011: AED 1,069,182 (AED 891 per sqft)Sold, October 2013: AED 1,400,000 (AED 1,167 per sqft)

1203 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1203, each contractTypical one-bed in Shams 1
100K2012201620202024Typical rent by year: 2012 AED 70,438; 2013 AED 102,500; 2014 AED 117,750; 2015 AED 115,000; 2016 AED 110,000; 2017 AED 105,000; 2018 AED 95,500; 2019 AED 85,000; 2020 AED 65,000; 2021 AED 70,000; 2022 AED 84,000; 2023 AED 94,750; 2024 AED 100,000; 2025 AED 105,000; 2026 AED 100,000New contract, December 2014: AED 120,000 a yearNew contract, February 2016: AED 130,000 a year

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

1-beds in Shams 1, and where 1203 sits

All 84 1-beds →

1203 last sold in October 2013 at AED 1,167 per sqft, 10% above what one-beds in Shams 1 were fetching at the time (AED 1,057). Over the last 12 months one-beds sold for AED 900,000 to 3,500,000, around AED 1,426 per sqft, and rent for AED 80,000 to 167,000 a year. 1203's AED 130,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
24 Aug 20261,300,000
5 Aug 20263,500,000
17 Apr 20261,570,150
6 Apr 20263,260,000
7 1-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 12th floor

All 309 units in Shams 1
Value
12013-bedAED 1.68M · May 2019
12023-bedAED 2M · Jun 2022
12041-bedAED 1.46M · Dec 2017
12051-bedAED 1.7M · Mar 2014
12061-bedAED 1.4M · Jul 2023
12073-bedAED 2.28M · Nov 2013
12083-bedAED 2.42M · Mar 2024

1203, Shams 1 in numbers

  • Sold twice: first on 19 September 2011 for AED 1,069,182, last on 30 October 2013 for AED 1,400,000 (AED 1,167 per sqft).
  • Rented since December 2014 on 2 Ejari contracts, from AED 120,000 to AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2013 price is 9.3%, before a service charge of about AED 18,000 a year (AED 15.02 per sqft).
  • One-beds in Shams 1 sold for AED 900,000–3,500,000 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 8 February 2016.

Questions about 1203, Shams 1

What did unit 1203 last sell for?

AED 1,400,000 on 30 October 2013: AED 1,167 per sqft for 1,199 sqft. The unit has 2 registered sales; the first was AED 1,069,182 in September 2011.

What is the rent for unit 1203?

AED 130,000 a year on the contract signed on 8 February 2016. The previous contract, from December 2014, was AED 120,000.

How big is unit 1203?

1,199 sqft (111.4 sqm): a one-bedroom apartment on the 12th floor of a 43-storey tower completed in 2007.

What is unit 1203 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Shams 1 sold for AED 900,000 to 3,500,000 in the last 12 months, around AED 1,426 per sqft.

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Mortgage on 1203, Shams 1

Starts from the last sale price (AED 1.4M, 30 October 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,400,000
Deposit, UAE resident (20%)
AED 280,000
Deposit, non-resident (40%)
AED 560,000
Monthly over 25 years at 3.7%
AED 5,728

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