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3-bed · 1,884 sqftShams 1, Jumeirah Beach Residence · 17th floor · completed 2007

1702, Shams 1

Sold prices and rental history: sold twice, last in March 2024, and rented once, from June 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1702 · DLD and Ejari recordsUpdated 21 March 2024
Last soldAED 2.5M21 March 2024
Current rentAED 140K /yr1 June 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1702, Shams 1

What is 1702 worth today?

Last sold for AED 2,500,000 in 2024

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21 Mar 2024SoldReady
AED 2,500,000AED 1,326 per sqft
1 Jun 2018RentedNew contract
AED 140,000/yr12 months · AED 74 per sqft
19 Sep 2011Sold by developerReady
AED 1,069,182AED 567 per sqft

Source: Dubai Land Department. Updated 21 March 2024.

Key facts

Type
3-bed apartment
Size
1,884 sqft
Floor
17th of 43
Parking
M38/ M39
Developer
Dubai Properties
Completed
2007
Service charge
AED 28,300 /yr
Last sold
AED 2.5M · March 2024
Building
Shams 1

About 1702, Shams 1

1702 is a three-bedroom apartment of 1,884 sqft on the 17th floor of Shams 1, a 43-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 21 March 2024 for AED 2,500,000, or AED 1,326 per sqft, 4% above the AED 1,273 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 June 2018. The current contract, signed on 1 June 2018, is AED 140,000 a year: a gross yield of 5.6% on the 2024 price, before the service charge of about AED 28,300 a year.

Sales and rents for 1702 over time

Sales
Unit 1702, each saleTypical three-bed in Shams 1
1M2M3M20112015201920232027Typical sale price by year: 2011 AED 1,069,182; 2013 AED 2,300,000; 2014 AED 2,655,000; 2015 AED 2,750,000; 2017 AED 2,125,000; 2018 AED 2,050,000; 2019 AED 1,675,000; 2021 AED 1,800,000; 2022 AED 2,078,930; 2023 AED 2,262,500; 2024 AED 2,450,000; 2025 AED 2,500,000; 2026 AED 2,752,500Sold by developer, September 2011: AED 1,069,182 (AED 567 per sqft)Sold, March 2024: AED 2,500,000 (AED 1,326 per sqft)

1702 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1702, each contractTypical three-bed in Shams 1
100K150K2012201620202024Typical rent by year: 2012 AED 105,000; 2013 AED 110,250; 2014 AED 170,000; 2015 AED 170,250; 2016 AED 170,000; 2017 AED 159,527; 2018 AED 140,000; 2019 AED 130,000; 2020 AED 115,000; 2021 AED 125,000; 2022 AED 140,000; 2023 AED 152,500; 2024 AED 170,000; 2025 AED 180,000; 2026 AED 180,000New contract, June 2018: AED 140,000 a year

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 1702 sits

All 104 3-beds →

1702 last sold in March 2024 at AED 1,326 per sqft, 4% above 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. 1702's AED 140,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
29 Oct 20262,825,000
3 Jun 20262,500,000
21 May 20262,580,000
15 May 20262,900,000
6 3-bed sales in the last 12 months

Shams 1

Building

309 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%
Shams 1, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 17th floor

All 309 units in Shams 1
Value
17013-bedAED 2.1M · Dec 2021
17031-bedAED 1.64M · Mar 2025
17041-bedAED 1.5M · Jan 2023
17051-bedAED 1.4M · Oct 2013
17061-bedAED 1.71M · Mar 2026
17073-bedAED 1.66M · Mar 2021
17083-bedAED 2.4M · Feb 2025

1702, Shams 1 in numbers

  • Sold twice: first on 19 September 2011 for AED 1,069,182, last on 21 March 2024 for AED 2,500,000 (AED 1,326 per sqft).
  • Rented since June 2018 on one Ejari contract, at AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2024 price is 5.6%, 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 21 March 2024.

Questions about 1702, Shams 1

What did unit 1702 last sell for?

AED 2,500,000 on 21 March 2024: AED 1,326 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 1702?

AED 140,000 a year on the contract signed on 1 June 2018.

How big is unit 1702?

1,884 sqft (175.0 sqm): a three-bedroom apartment on the 17th floor of a 43-storey tower completed in 2007.

What is unit 1702 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 1702, Shams 1

Starts from the last sale price (AED 2.5M, 21 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,500,000
Deposit, UAE resident (20%)
AED 500,000
Deposit, non-resident (40%)
AED 1,000,000
Monthly over 25 years at 3.7%
AED 10,228

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →