1502, Shams 1
Sold prices and rental history: sold twice, last in March 2023, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1502, Shams 1
What is 1502 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 15 October 2023.
Key facts
- Type
- 3-bed apartment
- Size
- 1,884 sqft
- Floor
- 15th of 43
- Parking
- M25/ M26
- Developer
- Dubai Properties
- Completed
- 2007
- Service charge
- AED 28,300 /yr
- Last sold
- AED 2.05M · March 2023
- Building
- Shams 1
About 1502, Shams 1
1502 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 13 March 2023 for AED 2,050,000, or AED 1,088 per sqft, in line with the AED 1,115 three-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 15 October 2023, is AED 150,000 a year: a gross yield of 7.3% on the 2023 price, before the service charge of about AED 28,300 a year.
Sales and rents for 1502 over time
1502 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 1502 sits
All 104 3-beds →1502 last sold in March 2023 at AED 1,088 per sqft, in line with what three-beds in Shams 1 were fetching at the time (AED 1,115). 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. 1502's AED 150,000 is in the lower half 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 | |||||
|---|---|---|---|---|---|
| 1501 | 3-bed | 1,884 sqft | AED 2.45MAED 2,450,000 · Mar 2024March 2024 | 135,000 /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 |
1502, Shams 1 in numbers
- Sold twice: first on 19 September 2011 for AED 1,069,182, last on 13 March 2023 for AED 2,050,000 (AED 1,088 per sqft).
- Rented since March 2019 on 5 Ejari contracts, from AED 124,615 to AED 150,000 a year.
- At AED 150,000 a year the gross yield on the 2023 price is 7.3%, 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 15 October 2023.
Questions about 1502, Shams 1
What did unit 1502 last sell for?
AED 2,050,000 on 13 March 2023: AED 1,088 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 1502?
AED 150,000 a year on the contract renewed on 15 October 2023. The previous contract, from October 2022, was AED 140,000; the unit has been rented since March 2019.
How big is unit 1502?
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 1502 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.
Selling 1502? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 1502, Shams 1
Starts from the last sale price (AED 2.05M, 13 March 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,050,000
- Deposit, UAE resident (20%)
- AED 410,000
- Deposit, non-resident (40%)
- AED 820,000
- Monthly over 25 years at 3.7%
- AED 8,387
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →