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2-bed · 1,376 sqftShams 1, Jumeirah Beach Residence · 22nd floor · completed 2007

2203, Shams 1

Sold prices and rental history: sold twice, last in January 2014, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2203 · DLD and Ejari recordsUpdated 18 August 2018
Last soldAED 2M23 January 2014
Current rentAED 90K /yr18 August 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2203, Shams 1

What is 2203 worth today?

Last sold for AED 1,995,000 in 2014

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18 Aug 2018RentedNew contract
AED 89,759/yr12 months · AED 65 per sqft
26 May 2016RentedNew contract
AED 130,000/yr12 months · AED 94 per sqft
23 Jan 2014SoldReady
AED 1,995,000AED 1,450 per sqft
19 Sep 2011Sold by developerReady
AED 1,069,182AED 777 per sqft

Source: Dubai Land Department. Updated 18 August 2018.

Key facts

Type
2-bed apartment
Size
1,376 sqft
Floor
22nd of 43
Parking
M09
Developer
Dubai Properties
Completed
2007
Service charge
AED 20,700 /yr
Last sold
AED 2M · January 2014
Building
Shams 1

About 2203, Shams 1

2203 is a two-bedroom apartment of 1,376 sqft on the 22nd floor of Shams 1, a 43-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 23 January 2014 for AED 1,995,000, or AED 1,450 per sqft, 6% below the AED 1,535 two-beds in the building were fetching at the time.

It has been rented since 2016 on 2 Ejari contracts. The current contract, signed on 18 August 2018, is AED 89,759 a year: a gross yield of 4.5% on the 2014 price, before the service charge of about AED 20,700 a year.

Sales and rents for 2203 over time

Sales
Unit 2203, each saleTypical two-bed in Shams 1
1M2M20112015201920232027Typical sale price by year: 2011 AED 1,069,182; 2013 AED 2,111,900; 2014 AED 2,175,000; 2017 AED 1,850,000; 2018 AED 2,000,000; 2019 AED 2,200,000; 2021 AED 1,730,000; 2022 AED 1,775,000; 2023 AED 2,062,500; 2024 AED 2,212,500; 2025 AED 2,325,000; 2026 AED 2,125,000Sold by developer, September 2011: AED 1,069,182 (AED 777 per sqft)Sold, January 2014: AED 1,995,000 (AED 1,450 per sqft)

2203 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2203, each contractTypical two-bed in Shams 1
100K150K2012201620202024Typical rent by year: 2012 AED 90,000; 2013 AED 94,500; 2014 AED 155,000; 2015 AED 135,000; 2016 AED 130,000; 2017 AED 125,000; 2018 AED 120,000; 2019 AED 115,000; 2020 AED 95,000; 2021 AED 95,625; 2022 AED 127,500; 2023 AED 142,500; 2024 AED 149,100; 2025 AED 147,000; 2026 AED 120,000New contract, May 2016: AED 130,000 a yearNew contract, August 2018: AED 89,759 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Shams 1, and where 2203 sits

All 125 2-beds →

2203 last sold in January 2014 at AED 1,450 per sqft, 6% below what two-beds in Shams 1 were fetching at the time (AED 1,535). Over the last 12 months two-beds sold for AED 1,950,000 to 4,326,857, around AED 1,562 per sqft, and rent for AED 68,200 to 200,000 a year. 2203's AED 89,759 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
10 Sep 20262,150,000
2 Sep 20262,100,000
3 Jul 20262,100,000
7 Apr 20264,326,857
7 2-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 22nd floor

All 309 units in Shams 1
Value
22013-bedAED 2.4M · Jan 2024
22023-bedAED 2.5M · Jul 2024
22042-bedAED 1.8M · Oct 2017
22052-bedAED 1.65M · Jul 2017
22062-bedAED 2.16M · Dec 2013
22073-bedAED 2.53M · Dec 2023
22083-bedAED 2.9M · May 2026

2203, Shams 1 in numbers

  • Sold twice: first on 19 September 2011 for AED 1,069,182, last on 23 January 2014 for AED 1,995,000 (AED 1,450 per sqft).
  • Rented since May 2016 on 2 Ejari contracts, from AED 130,000 to AED 89,759 a year.
  • At AED 89,759 a year the gross yield on the 2014 price is 4.5%, before a service charge of about AED 20,700 a year (AED 15.02 per sqft).
  • Two-beds in Shams 1 sold for AED 1,950,000–4,326,857 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 18 August 2018.

Questions about 2203, Shams 1

What did unit 2203 last sell for?

AED 1,995,000 on 23 January 2014: AED 1,450 per sqft for 1,376 sqft. The unit has 2 registered sales; the first was AED 1,069,182 in September 2011.

What is the rent for unit 2203?

AED 89,759 a year on the contract signed on 18 August 2018. The previous contract, from May 2016, was AED 130,000.

How big is unit 2203?

1,376 sqft (127.8 sqm): a two-bedroom apartment on the 22nd floor of a 43-storey tower completed in 2007.

What is unit 2203 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Shams 1 sold for AED 1,950,000 to 4,326,857 in the last 12 months, around AED 1,562 per sqft.

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Mortgage on 2203, Shams 1

Starts from the last sale price (AED 2M, 23 January 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,995,000
Deposit, UAE resident (20%)
AED 399,000
Deposit, non-resident (40%)
AED 798,000
Monthly over 25 years at 3.7%
AED 8,162

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