2302, Shams 1
Sold prices and rental history: sold twice, last in June 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 2302, Shams 1
What is 2302 worth today?
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Source: Dubai Land Department. Updated 20 September 2023.
Key facts
- Type
- 3-bed apartment
- Size
- 1,884 sqft
- Floor
- 23rd of 43
- Parking
- M101/ M102
- Developer
- Dubai Properties
- Completed
- 2007
- Service charge
- AED 28,300 /yr
- Last sold
- AED 2.2M · June 2023
- Building
- Shams 1
About 2302, Shams 1
2302 is a three-bedroom apartment of 1,884 sqft on the 23rd floor of Shams 1, a 43-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 16 June 2023 for AED 2,200,000, or AED 1,167 per sqft, 4% above the AED 1,121 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 20 September 2023, is AED 140,000 a year: a gross yield of 6.4% on the 2023 price, before the service charge of about AED 28,300 a year.
Sales and rents for 2302 over time
2302 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 2302 sits
All 104 3-beds →2302 last sold in June 2023 at AED 1,167 per sqft, 4% above what three-beds in Shams 1 were fetching at the time (AED 1,121). 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. 2302's AED 140,000 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 23rd floor
All 309 units in Shams 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2301 | 3-bed | 1,884 sqft | AED 2.4MAED 2,400,000 · Nov 2023November 2023 | 145,000 /yr | |
| 2303 | 2-bed | 1,376 sqft | AED 2.5MAED 2,500,000 · May 2024May 2024 | 200,000 /yr | |
| 2304 | 2-bed | 1,376 sqft | AED 2.35MAED 2,350,000 · Apr 2024April 2024 | 100,000 /yr | |
| 2305 | 2-bed | 1,376 sqft | AED 1.85MAED 1,850,000 · May 2023May 2023 | ||
| 2306 | 2-bed | 1,376 sqft | AED 948KAED 947,500 · Aug 2017August 2017 | 105,000 /yr | |
| 2307 | 3-bed | 1,884 sqft | AED 2.68MAED 2,680,000 · Feb 2026February 2026 | 190,000 /yr | |
| 2308 | 3-bed | 1,884 sqft | AED 2.83MAED 2,825,000 · Oct 2026October 2026 | 173,250 /yr |
2302, Shams 1 in numbers
- Sold twice: first on 19 September 2011 for AED 1,069,182, last on 16 June 2023 for AED 2,200,000 (AED 1,167 per sqft).
- Rented since March 2019 on 5 Ejari contracts, from AED 130,000 to AED 140,000 a year.
- At AED 140,000 a year the gross yield on the 2023 price is 6.4%, 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 20 September 2023.
Questions about 2302, Shams 1
What did unit 2302 last sell for?
AED 2,200,000 on 16 June 2023: AED 1,167 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 2302?
AED 140,000 a year on the contract renewed on 20 September 2023. The previous contract, from September 2022, was AED 140,000; the unit has been rented since March 2019.
How big is unit 2302?
1,884 sqft (175.0 sqm): a three-bedroom apartment on the 23rd floor of a 43-storey tower completed in 2007.
What is unit 2302 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 2302, Shams 1
Starts from the last sale price (AED 2.2M, 16 June 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,200,000
- Deposit, UAE resident (20%)
- AED 440,000
- Deposit, non-resident (40%)
- AED 880,000
- Monthly over 25 years at 3.7%
- AED 9,001
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →