1602, Shams 1
Sold prices and rental history: sold twice, last in April 2022, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1602, Shams 1
What is 1602 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 1 November 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 1,884 sqft
- Floor
- 16th of 43
- Parking
- M28/ M29
- Developer
- Dubai Properties
- Completed
- 2007
- Service charge
- AED 28,300 /yr
- Last sold
- AED 1.9M · April 2022
- Building
- Shams 1
About 1602, Shams 1
1602 is a three-bedroom apartment of 1,884 sqft on the 16th floor of Shams 1, a 43-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 28 April 2022 for AED 1,900,000, or AED 1,008 per sqft, in line with the AED 1,021 three-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, signed on 1 November 2025, is AED 175,000 a year: a gross yield of 9.2% on the 2022 price, before the service charge of about AED 28,300 a year.
Sales and rents for 1602 over time
1602 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 1602 sits
All 104 3-beds →1602 last sold in April 2022 at AED 1,008 per sqft, in line with what three-beds in Shams 1 were fetching at the time (AED 1,021). 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. 1602's AED 175,000 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 16th floor
All 309 units in Shams 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 3-bed | 1,884 sqft | AED 1.9MAED 1,900,000 · Mar 2022March 2022 | 130,000 /yr | |
| 1603 | 1-bed | 1,199 sqft | AED 1.4MAED 1,400,000 · May 2023May 2023 | 120,000 /yr | |
| 1604 | 1-bed | 1,199 sqft | AED 1.55MAED 1,550,000 · Oct 2023October 2023 | 145,171 /yr | |
| 1605 | 1-bed | 1,199 sqft | AED 1.4MAED 1,400,000 · Sep 2022September 2022 | 90,000 /yr | |
| 1606 | 1-bed | 1,199 sqft | AED 1.37MAED 1,365,000 · Oct 2021October 2021 | 96,000 /yr | |
| 1607 | 3-bed | 1,884 sqft | AED 2.45MAED 2,450,000 · Oct 2023October 2023 | 130,000 /yr | |
| 1608 | 3-bed | 1,884 sqft | AED 2.8MAED 2,800,000 · Mar 2015March 2015 | 108,000 /yr |
1602, Shams 1 in numbers
- Sold twice: first on 19 September 2011 for AED 1,069,182, last on 28 April 2022 for AED 1,900,000 (AED 1,008 per sqft).
- Rented since December 2018 on 6 Ejari contracts, from AED 130,000 to AED 175,000 a year.
- At AED 175,000 a year the gross yield on the 2022 price is 9.2%, 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 1 November 2025.
Questions about 1602, Shams 1
What did unit 1602 last sell for?
AED 1,900,000 on 28 April 2022: AED 1,008 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 1602?
AED 175,000 a year on the contract signed on 1 November 2025. The previous contract, from October 2024, was AED 195,000; the unit has been rented since December 2018.
How big is unit 1602?
1,884 sqft (175.0 sqm): a three-bedroom apartment on the 16th floor of a 43-storey tower completed in 2007.
What is unit 1602 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 1602? 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 1602, Shams 1
Starts from the last sale price (AED 1.9M, 28 April 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,900,000
- Deposit, UAE resident (20%)
- AED 380,000
- Deposit, non-resident (40%)
- AED 760,000
- Monthly over 25 years at 3.7%
- AED 7,773
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →