2-bed · 1,376 sqftShams 1, Jumeirah Beach Residence · 25th floor · completed 2007

2504, Shams 1

Sold prices and rental history: sold twice, last in December 2013, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2504 · DLD and Ejari recordsUpdated 15 January 2024
Last soldAED 2.11M22 December 2013
Current rentAED 138K /yr15 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2504, Shams 1

What is 2504 worth today?

Last sold for AED 2,111,900 in 2013

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15 Jan 2024RentedRenewal
AED 137,500/yr12 months · AED 100 per sqft
15 Jan 2023RentedNew contract
AED 125,000/yr12 months · AED 91 per sqft
10 Jan 2022RentedRenewal
AED 85,000/yr12 months · AED 62 per sqft
27 Jan 2021RentedNew contract
AED 89,070/yr11 months · AED 65 per sqft
19 Jan 2020RentedNew contract
AED 86,868/yr12 months · AED 63 per sqft
1 Dec 2018RentedNew contract
AED 110,000/yr12 months · AED 80 per sqft
15 Jul 2017RentedNew contract
AED 130,000/yr12 months · AED 94 per sqft
15 Oct 2016RentedNew contract
AED 139,251/yr12 months · AED 101 per sqft

Source: Dubai Land Department. Updated 15 January 2024.

Key facts

Type
2-bed apartment
Size
1,376 sqft
Floor
25th of 43
Parking
B46
Developer
Dubai Properties
Completed
2007
Service charge
AED 20,700 /yr
Last sold
AED 2.11M · December 2013
Building
Shams 1

About 2504, Shams 1

2504 is a two-bedroom apartment of 1,376 sqft on the 25th floor of Shams 1, a 43-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 22 December 2013 for AED 2,111,900, or AED 1,535 per sqft, in line with the AED 1,535 two-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 8 Ejari contracts. The current contract, renewed on 15 January 2024, is AED 137,500 a year: a gross yield of 6.5% on the 2013 price, before the service charge of about AED 20,700 a year.

Sales and rents for 2504 over time

Sales
Unit 2504, 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, December 2013: AED 2,111,900 (AED 1,535 per sqft)

2504 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2504, 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, October 2016: AED 139,251 a yearNew contract, July 2017: AED 130,000 a yearNew contract, December 2018: AED 110,000 a yearNew contract, January 2020: AED 86,868 a yearNew contract, January 2021: AED 89,070 a yearRenewal, January 2022: AED 85,000 a yearNew contract, January 2023: AED 125,000 a yearRenewal, January 2024: AED 137,500 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 2504 sits

All 125 2-beds →

2504 last sold in December 2013 at AED 1,535 per sqft, in line with 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. 2504's AED 137,500 is in the upper 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 25th floor

All 309 units in Shams 1
Value
25013-bedAED 2.25M · Jun 2022
25023-bedAED 2.5M · Jul 2024
25032-bedAED 1.85M · Sep 2022
25052-bedAED 1.78M · Dec 2013
25062-bedAED 2.05M · May 2024
25073-bedAED 2.83M · Mar 2014
25083-bedAED 2.89M · May 2014

2504, Shams 1 in numbers

  • Sold twice: first on 19 September 2011 for AED 1,069,182, last on 22 December 2013 for AED 2,111,900 (AED 1,535 per sqft).
  • Rented since October 2016 on 8 Ejari contracts. The rent fell from AED 139,251 to AED 85,000 in 2022 and recovered to AED 137,500 by January 2024.
  • At AED 137,500 a year the gross yield on the 2013 price is 6.5%, 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 15 January 2024.

Questions about 2504, Shams 1

What did unit 2504 last sell for?

AED 2,111,900 on 22 December 2013: AED 1,535 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 2504?

AED 137,500 a year on the contract renewed on 15 January 2024. The previous contract, from January 2023, was AED 125,000; the unit has been rented since October 2016.

How big is unit 2504?

1,376 sqft (127.8 sqm): a two-bedroom apartment on the 25th floor of a 43-storey tower completed in 2007.

What is unit 2504 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 2504, Shams 1

Starts from the last sale price (AED 2.11M, 22 December 2013). Switch to today's estimate once you have unlocked it.
Price
AED 2,111,900
Deposit, UAE resident (20%)
AED 422,380
Deposit, non-resident (40%)
AED 844,760
Monthly over 25 years at 3.7%
AED 8,640

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