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3-bed · 1,884 sqftShams 1, Jumeirah Beach Residence · 26th floor · completed 2007

2602, Shams 1

Sold prices and rental history: sold twice, last in July 2022, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2602 · DLD and Ejari recordsUpdated 14 July 2022
Last soldAED 2.13M14 July 2022
Current rentAED 130K /yr20 April 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2602, Shams 1

What is 2602 worth today?

Last sold for AED 2,125,000 in 2022

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14 Jul 2022SoldReady
AED 2,125,000AED 1,127 per sqft
20 Apr 2020RentedRenewal
AED 130,000/yr12 months · AED 69 per sqft
20 Mar 2019RentedNew contract
AED 124,615/yr13 months · AED 66 per sqft
19 Sep 2011Sold by developerReady
AED 1,069,182AED 567 per sqft

Source: Dubai Land Department. Updated 14 July 2022.

Key facts

Type
3-bed apartment
Size
1,884 sqft
Floor
26th of 43
Parking
G49/ G50
Developer
Dubai Properties
Completed
2007
Service charge
AED 28,300 /yr
Last sold
AED 2.13M · July 2022
Building
Shams 1

About 2602, Shams 1

2602 is a three-bedroom apartment of 1,884 sqft on the 26th floor of Shams 1, a 43-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 14 July 2022 for AED 2,125,000, or AED 1,127 per sqft, in line with the AED 1,101 three-beds in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, renewed on 20 April 2020, is AED 130,000 a year: a gross yield of 6.1% on the 2022 price, before the service charge of about AED 28,300 a year.

Sales and rents for 2602 over time

Sales
Unit 2602, 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, July 2022: AED 2,125,000 (AED 1,127 per sqft)

2602 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2602, 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, March 2019: AED 124,615 a yearRenewal, April 2020: AED 130,000 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 2602 sits

All 104 3-beds →

2602 last sold in July 2022 at AED 1,127 per sqft, in line with what three-beds in Shams 1 were fetching at the time (AED 1,101). 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. 2602's AED 130,000 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 26th floor

All 309 units in Shams 1
Value
26013-bedAED 1.95M · Aug 2021
26032-bedAED 2M · Aug 2025
26042-bedAED 2.05M · Jan 2025
26052-bedAED 1.23M · Feb 2020
26062-bedAED 2.05M · Jan 2025
26073-bedAED 1.9M · Jun 2021
26083-bedAED 2.39M · Oct 2023

2602, Shams 1 in numbers

  • Sold twice: first on 19 September 2011 for AED 1,069,182, last on 14 July 2022 for AED 2,125,000 (AED 1,127 per sqft).
  • Rented since March 2019 on 2 Ejari contracts, from AED 124,615 to AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2022 price is 6.1%, 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 14 July 2022.

Questions about 2602, Shams 1

What did unit 2602 last sell for?

AED 2,125,000 on 14 July 2022: AED 1,127 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 2602?

AED 130,000 a year on the contract renewed on 20 April 2020. The previous contract, from March 2019, was AED 124,615.

How big is unit 2602?

1,884 sqft (175.0 sqm): a three-bedroom apartment on the 26th floor of a 43-storey tower completed in 2007.

What is unit 2602 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 2602, Shams 1

Starts from the last sale price (AED 2.13M, 14 July 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,125,000
Deposit, UAE resident (20%)
AED 425,000
Deposit, non-resident (40%)
AED 850,000
Monthly over 25 years at 3.7%
AED 8,694

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