2304, Shams 1
Sold prices and rental history: sold 3 times, last in April 2024, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2304, Shams 1
What is 2304 worth today?
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Source: Dubai Land Department. Updated 15 April 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,376 sqft
- Floor
- 23rd of 43
- Parking
- B42
- Developer
- Dubai Properties
- Completed
- 2007
- Service charge
- AED 20,700 /yr
- Last sold
- AED 2.35M · April 2024
- Building
- Shams 1
About 2304, Shams 1
2304 is a two-bedroom apartment of 1,376 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 15 April 2024 for AED 2,350,000, or AED 1,708 per sqft, 4% above the AED 1,647 two-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, signed on 17 January 2022, is AED 100,000 a year: a gross yield of 4.3% on the 2024 price, before the service charge of about AED 20,700 a year.
Sales and rents for 2304 over time
2304 has sold 3 times; the dashed line is the two-bed median of each year in the building.
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 2304 sits
All 125 2-beds →2304 last sold in April 2024 at AED 1,708 per sqft, 4% above what two-beds in Shams 1 were fetching at the time (AED 1,647). 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. 2304's AED 100,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 10 Sep 202610 September 2026 | 1,376 sqft | 2,150,000 | 1,562 | ||
| 2 Sep 20262 September 2026 | 1,376 sqft | 2,100,000 | 1,526 | ||
| 3 Jul 20263 July 2026 | 1,274 sqft | 2,100,000 | 1,647 | ||
| 7 Apr 20267 April 2026 | 3,403 sqft | 4,326,857 | 1,271 |
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 | |
| 2302 | 3-bed | 1,884 sqft | AED 2.2MAED 2,200,000 · Jun 2023June 2023 | 140,000 /yr | |
| 2303 | 2-bed | 1,376 sqft | AED 2.5MAED 2,500,000 · May 2024May 2024 | 200,000 /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 |
2304, Shams 1 in numbers
- Sold 3 times: first on 19 September 2011 for AED 1,069,182, last on 15 April 2024 for AED 2,350,000 (AED 1,708 per sqft).
- Rented since November 2015 on 6 Ejari contracts. The rent fell from AED 135,000 to AED 80,000 in 2021 and recovered to AED 100,000 by January 2022.
- At AED 100,000 a year the gross yield on the 2024 price is 4.3%, 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 15 April 2024.
Questions about 2304, Shams 1
What did unit 2304 last sell for?
AED 2,350,000 on 15 April 2024: AED 1,708 per sqft for 1,376 sqft. The unit has 3 registered sales; the first was AED 1,069,182 in September 2011.
What is the rent for unit 2304?
AED 100,000 a year on the contract signed on 17 January 2022. The previous contract, from January 2021, was AED 80,000; the unit has been rented since November 2015.
How big is unit 2304?
1,376 sqft (127.8 sqm): a two-bedroom apartment on the 23rd floor of a 43-storey tower completed in 2007.
What is unit 2304 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 2304, Shams 1
Starts from the last sale price (AED 2.35M, 15 April 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,350,000
- Deposit, UAE resident (20%)
- AED 470,000
- Deposit, non-resident (40%)
- AED 940,000
- Monthly over 25 years at 3.7%
- AED 9,615
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →