302, Shams 1
Sold prices and rental history: sold twice, last in December 2013, 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 302, Shams 1
What is 302 worth today?
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Source: Dubai Land Department. Updated 15 July 2022.
Key facts
- Type
- 3-bed apartment
- Size
- 1,884 sqft
- Floor
- 3rd of 43
- Parking
- M86/ T1
- Developer
- Dubai Properties
- Completed
- 2007
- Service charge
- AED 28,300 /yr
- Last sold
- AED 2.4M · December 2013
- Building
- Shams 1
About 302, Shams 1
302 is a three-bedroom apartment of 1,884 sqft on the 3rd 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 2,396,100, or AED 1,271 per sqft, 4% above the AED 1,220 three-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 15 July 2022, is AED 140,000 a year: a gross yield of 5.8% on the 2013 price, before the service charge of about AED 28,300 a year.
Sales and rents for 302 over time
302 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 302 sits
All 104 3-beds →302 last sold in December 2013 at AED 1,271 per sqft, 4% above what three-beds in Shams 1 were fetching at the time (AED 1,220). 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. 302'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 3rd floor
All 309 units in Shams 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 3-bed | 1,884 sqft | AED 2.8MAED 2,800,000 · Aug 2014August 2014 | 145,000 /yr | |
| 303 | 1-bed | 1,182 sqft | AED 1.3MAED 1,300,000 · Sep 2017September 2017 | 85,000 /yr | |
| 304 | 1-bed | 1,182 sqft | AED 1.78MAED 1,775,000 · Jan 2026January 2026 | 90,000 /yr | |
| 305 | 1-bed | 1,182 sqft | AED 1.53MAED 1,530,000 · May 2024May 2024 | 90,000 /yr | |
| 306 | 1-bed | 1,182 sqft | AED 1.45MAED 1,450,000 · Oct 2015October 2015 | 100,000 /yr | |
| 307 | 3-bed | 1,884 sqft | AED 1.8MAED 1,800,000 · Nov 2022November 2022 | 95,000 /yr | |
| 308 | 3-bed | 1,884 sqft | AED 2.88MAED 2,875,000 · Nov 2014November 2014 | 110,250 /yr |
302, Shams 1 in numbers
- Sold twice: first on 19 September 2011 for AED 1,069,182, last on 22 December 2013 for AED 2,396,100 (AED 1,271 per sqft).
- Rented since November 2015 on 6 Ejari contracts. The rent fell from AED 170,000 to AED 100,000 in 2021 and recovered to AED 140,000 by July 2022.
- At AED 140,000 a year the gross yield on the 2013 price is 5.8%, 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 15 July 2022.
Questions about 302, Shams 1
What did unit 302 last sell for?
AED 2,396,100 on 22 December 2013: AED 1,271 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 302?
AED 140,000 a year on the contract signed on 15 July 2022. The previous contract, from July 2021, was AED 100,000; the unit has been rented since November 2015.
How big is unit 302?
1,884 sqft (175.0 sqm): a three-bedroom apartment on the 3rd floor of a 43-storey tower completed in 2007.
What is unit 302 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 302, Shams 1
Starts from the last sale price (AED 2.4M, 22 December 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 2,396,100
- Deposit, UAE resident (20%)
- AED 479,220
- Deposit, non-resident (40%)
- AED 958,440
- Monthly over 25 years at 3.7%
- AED 9,803
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →