1408, Shams 1
Sold prices and rental history: sold twice, last in July 2024, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1408, Shams 1
What is 1408 worth today?
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Source: Dubai Land Department. Updated 24 July 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 1,884 sqft
- Floor
- 14th of 43
- Parking
- M23/ M24
- Developer
- Dubai Properties
- Completed
- 2007
- Service charge
- AED 28,300 /yr
- Last sold
- AED 2.3M · July 2024
- Building
- Shams 1
About 1408, Shams 1
1408 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 24 July 2024 for AED 2,300,000, or AED 1,220 per sqft, 5% below the AED 1,284 three-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 6 Ejari contracts. The current contract, renewed on 25 November 2022, is AED 140,000 a year: a gross yield of 6.1% on the 2024 price, before the service charge of about AED 28,300 a year.
Sales and rents for 1408 over time
1408 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 1408 sits
All 104 3-beds →1408 last sold in July 2024 at AED 1,220 per sqft, 5% below what three-beds in Shams 1 were fetching at the time (AED 1,284). 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. 1408's AED 140,000 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 | |
| 1402 | 3-bed | 1,884 sqft | AED 2.45MAED 2,450,000 · Jun 2024June 2024 | 55,000 /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, Shams 1 in numbers
- Sold twice: first on 19 September 2011 for AED 1,069,182, last on 24 July 2024 for AED 2,300,000 (AED 1,220 per sqft).
- Rented since July 2012 on 6 Ejari contracts, from AED 105,000 to AED 140,000 a year.
- At AED 140,000 a year the gross yield on the 2024 price is 6.1%, 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 24 July 2024.
Questions about 1408, Shams 1
What did unit 1408 last sell for?
AED 2,300,000 on 24 July 2024: AED 1,220 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 1408?
AED 140,000 a year on the contract renewed on 25 November 2022. The previous contract, from November 2021, was AED 135,000; the unit has been rented since July 2012.
How big is unit 1408?
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 1408 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 1408, Shams 1
Starts from the last sale price (AED 2.3M, 24 July 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,300,000
- Deposit, UAE resident (20%)
- AED 460,000
- Deposit, non-resident (40%)
- AED 920,000
- Monthly over 25 years at 3.7%
- AED 9,410
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →