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1-bed · 1,182 sqftShams 1, Jumeirah Beach Residence · 3rd floor · completed 2007

303, Shams 1

Sold prices and rental history: sold twice, last in September 2017, and rented once, from May 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 303 · DLD and Ejari recordsUpdated 11 September 2017
Last soldAED 1.3M11 September 2017
Current rentAED 85K /yr14 May 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 303, Shams 1

What is 303 worth today?

Last sold for AED 1,300,000 in 2017

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11 Sep 2017SoldReady
AED 1,300,000AED 1,099 per sqft
14 May 2014RentedNew contract
AED 85,000/yr12 months · AED 72 per sqft
19 Sep 2011Sold by developerReady
AED 1,069,182AED 904 per sqft

Source: Dubai Land Department. Updated 11 September 2017.

Key facts

Type
1-bed apartment
Size
1,182 sqft
Floor
3rd of 43
Parking
B117
Developer
Dubai Properties
Completed
2007
Service charge
AED 17,800 /yr
Last sold
AED 1.3M · September 2017
Building
Shams 1

About 303, Shams 1

303 is a one-bedroom apartment of 1,182 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 11 September 2017 for AED 1,300,000, or AED 1,099 per sqft, 4% below the AED 1,142 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 14 May 2014. The current contract, signed on 14 May 2014, is AED 85,000 a year: a gross yield of 6.5% on the 2017 price, before the service charge of about AED 17,800 a year.

Sales and rents for 303 over time

Sales
Unit 303, each saleTypical one-bed in Shams 1
1M1.5M20112015201920232027Typical sale price by year: 2011 AED 1,069,182; 2013 AED 1,250,000; 2014 AED 1,662,500; 2015 AED 1,470,000; 2017 AED 1,375,000; 2018 AED 1,375,000; 2019 AED 1,600,000; 2021 AED 1,300,000; 2022 AED 1,450,000; 2023 AED 1,440,000; 2024 AED 1,590,000; 2025 AED 1,640,000; 2026 AED 1,710,000Sold by developer, September 2011: AED 1,069,182 (AED 904 per sqft)Sold, September 2017: AED 1,300,000 (AED 1,099 per sqft)

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

Rents
Unit 303, each contractTypical one-bed in Shams 1
75K100K125K2012201620202024Typical rent by year: 2012 AED 70,438; 2013 AED 102,500; 2014 AED 117,750; 2015 AED 115,000; 2016 AED 110,000; 2017 AED 105,000; 2018 AED 95,500; 2019 AED 85,000; 2020 AED 65,000; 2021 AED 70,000; 2022 AED 84,000; 2023 AED 94,750; 2024 AED 100,000; 2025 AED 105,000; 2026 AED 100,000New contract, May 2014: AED 85,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Shams 1, and where 303 sits

All 84 1-beds →

303 last sold in September 2017 at AED 1,099 per sqft, 4% below what one-beds in Shams 1 were fetching at the time (AED 1,142). Over the last 12 months one-beds sold for AED 900,000 to 3,500,000, around AED 1,426 per sqft, and rent for AED 80,000 to 167,000 a year. 303's AED 85,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
24 Aug 20261,300,000
5 Aug 20263,500,000
17 Apr 20261,570,150
6 Apr 20263,260,000
7 1-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 3rd floor

All 309 units in Shams 1
Value
3013-bedAED 2.8M · Aug 2014
3023-bedAED 2.4M · Dec 2013
3041-bedAED 1.78M · Jan 2026
3051-bedAED 1.53M · May 2024
3061-bedAED 1.45M · Oct 2015
3073-bedAED 1.8M · Nov 2022
3083-bedAED 2.88M · Nov 2014

303, Shams 1 in numbers

  • Sold twice: first on 19 September 2011 for AED 1,069,182, last on 11 September 2017 for AED 1,300,000 (AED 1,099 per sqft).
  • Rented since May 2014 on one Ejari contract, at AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2017 price is 6.5%, before a service charge of about AED 17,800 a year (AED 15.02 per sqft).
  • One-beds in Shams 1 sold for AED 900,000–3,500,000 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 11 September 2017.

Questions about 303, Shams 1

What did unit 303 last sell for?

AED 1,300,000 on 11 September 2017: AED 1,099 per sqft for 1,182 sqft. The unit has 2 registered sales; the first was AED 1,069,182 in September 2011.

What is the rent for unit 303?

AED 85,000 a year on the contract signed on 14 May 2014.

How big is unit 303?

1,182 sqft (109.8 sqm): a one-bedroom apartment on the 3rd floor of a 43-storey tower completed in 2007.

What is unit 303 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Shams 1 sold for AED 900,000 to 3,500,000 in the last 12 months, around AED 1,426 per sqft.

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Mortgage on 303, Shams 1

Starts from the last sale price (AED 1.3M, 11 September 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,300,000
Deposit, UAE resident (20%)
AED 260,000
Deposit, non-resident (40%)
AED 520,000
Monthly over 25 years at 3.7%
AED 5,319

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