1402, Shams 1
Sold prices and rental history: sold twice, last in June 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1402, Shams 1
What is 1402 worth today?
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Source: Dubai Land Department. Updated 12 June 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 1,884 sqft
- Floor
- 14th of 43
- Parking
- M21/ M22
- Developer
- Dubai Properties
- Completed
- 2007
- Service charge
- AED 28,300 /yr
- Last sold
- AED 2.45M · June 2024
- Building
- Shams 1
About 1402, Shams 1
1402 is a three-bedroom apartment of 1,884 sqft on the 14th floor of Shams 1, a 43-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 4 June 2024 for AED 2,450,000, or AED 1,300 per sqft, in line with the AED 1,273 three-beds in the building were fetching at the time.
It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 12 June 2024, is AED 55,000 a year: a gross yield of 2.2% on the 2024 price, before the service charge of about AED 28,300 a year.
Sales and rents for 1402 over time
1402 has sold twice; the dashed line is the three-bed median of each year in the building.
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 1402 sits
All 104 3-beds →1402 last sold in June 2024 at AED 1,300 per sqft, in line with what three-beds in Shams 1 were fetching at the time (AED 1,273). 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. 1402's AED 55,000 is at the bottom of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 29 Oct 202629 October 2026 | 1,884 sqft | 2,825,000 | 1,499 | ||
| 3 Jun 20263 June 2026 | 1,884 sqft | 2,500,000 | 1,326 | ||
| 21 May 202621 May 2026 | 1,884 sqft | 2,580,000 | 1,369 | ||
| 15 May 202615 May 2026 | 1,884 sqft | 2,900,000 | 1,539 |
Shams 1
Building309 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%
Other units on the 14th floor
All 309 units in Shams 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1401 | 3-bed | 1,884 sqft | AED 2.4MAED 2,400,000 · Jul 2024July 2024 | 160,000 /yr | |
| 1403 | 1-bed | 1,199 sqft | AED 1.4MAED 1,400,000 · Mar 2023March 2023 | ||
| 1404 | 1-bed | 1,199 sqft | AED 1.43MAED 1,430,000 · Mar 2023March 2023 | 156,000 /yr | |
| 1405 | 1-bed | 1,199 sqft | AED 1.38MAED 1,377,000 · Jan 2023January 2023 | ||
| 1406 | 1-bed | 1,199 sqft | AED 1.38MAED 1,375,000 · Jan 2023January 2023 | 105,000 /yr | |
| 1407 | 3-bed | 1,884 sqft | AED 2.48MAED 2,475,094 · Jul 2024July 2024 | 160,000 /yr | |
| 1408 | 3-bed | 1,884 sqft | AED 2.3MAED 2,300,000 · Jul 2024July 2024 | 140,000 /yr |
1402, Shams 1 in numbers
- Sold twice: first on 19 September 2011 for AED 1,069,182, last on 4 June 2024 for AED 2,450,000 (AED 1,300 per sqft).
- Rented since December 2022 on 2 Ejari contracts, from AED 125,000 to AED 55,000 a year.
- At AED 55,000 a year the gross yield on the 2024 price is 2.2%, 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 12 June 2024.
Questions about 1402, Shams 1
What did unit 1402 last sell for?
AED 2,450,000 on 4 June 2024: AED 1,300 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 1402?
AED 55,000 a year on the contract signed on 12 June 2024. The previous contract, from December 2022, was AED 125,000.
How big is unit 1402?
1,884 sqft (175.0 sqm): a three-bedroom apartment on the 14th floor of a 43-storey tower completed in 2007.
What is unit 1402 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 1402, Shams 1
Starts from the last sale price (AED 2.45M, 4 June 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,450,000
- Deposit, UAE resident (20%)
- AED 490,000
- Deposit, non-resident (40%)
- AED 980,000
- Monthly over 25 years at 3.7%
- AED 10,024
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →