1501, Shams 1
Sold prices and rental history: sold twice, last in March 2024, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1501, Shams 1
What is 1501 worth today?
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Source: Dubai Land Department. Updated 25 March 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 1,884 sqft
- Floor
- 15th of 43
- Parking
- B95/ M96
- Developer
- Dubai Properties
- Completed
- 2007
- Service charge
- AED 28,300 /yr
- Last sold
- AED 2.45M · March 2024
- Building
- Shams 1
About 1501, Shams 1
1501 is a three-bedroom apartment of 1,884 sqft on the 15th floor of Shams 1, a 43-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 25 March 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 2019 on 2 Ejari contracts. The current contract, renewed on 10 January 2020, is AED 135,000 a year: a gross yield of 5.5% on the 2024 price, before the service charge of about AED 28,300 a year.
Sales and rents for 1501 over time
1501 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 1501 sits
All 104 3-beds →1501 last sold in March 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. 1501's AED 135,000 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 15th floor
All 309 units in Shams 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1502 | 3-bed | 1,884 sqft | AED 2.05MAED 2,050,000 · Mar 2023March 2023 | 150,000 /yr | |
| 1503 | 1-bed | 1,199 sqft | AED 1.73MAED 1,725,000 · Jun 2014June 2014 | 109,000 /yr | |
| 1504 | 1-bed | 1,199 sqft | AED 1.4MAED 1,400,000 · Nov 2022November 2022 | 100,000 /yr | |
| 1505 | 1-bed | 1,199 sqft | AED 1.73MAED 1,730,000 · Nov 2023November 2023 | 130,000 /yr | |
| 1506 | 1-bed | 1,199 sqft | AED 1.94MAED 1,935,953 · Dec 2024December 2024 | 80,000 /yr | |
| 1507 | 3-bed | 1,884 sqft | AED 2.55MAED 2,550,000 · Sep 2025September 2025 | 122,000 /yr | |
| 1508 | 3-bed | 1,884 sqft | AED 2.5MAED 2,500,000 · Aug 2024August 2024 | 185,000 /yr |
1501, Shams 1 in numbers
- Sold twice: first on 19 September 2011 for AED 1,069,182, last on 25 March 2024 for AED 2,450,000 (AED 1,300 per sqft).
- Rented since January 2019 on 2 Ejari contracts, at AED 135,000 a year.
- At AED 135,000 a year the gross yield on the 2024 price is 5.5%, 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 25 March 2024.
Questions about 1501, Shams 1
What did unit 1501 last sell for?
AED 2,450,000 on 25 March 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 1501?
AED 135,000 a year on the contract renewed on 10 January 2020. The previous contract, from January 2019, was AED 135,000.
How big is unit 1501?
1,884 sqft (175.0 sqm): a three-bedroom apartment on the 15th floor of a 43-storey tower completed in 2007.
What is unit 1501 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 1501, Shams 1
Starts from the last sale price (AED 2.45M, 25 March 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 →