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

308, Shams 1

Sold prices and rental history: sold twice, last in November 2014, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 308 · DLD and Ejari recordsUpdated 26 November 2014
Last soldAED 2.88M26 November 2014
Current rentAED 110K /yr23 June 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 308, Shams 1

What is 308 worth today?

Last sold for AED 2,875,000 in 2014

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26 Nov 2014SoldReady
AED 2,875,000AED 1,525 per sqft
23 Jun 2013RentedRenewal
AED 110,250/yr12 months · AED 59 per sqft
23 Jun 2012RentedNew contract
AED 105,000/yr12 months · AED 56 per sqft
19 Sep 2011Sold by developerReady
AED 1,069,182AED 567 per sqft

Source: Dubai Land Department. Updated 26 November 2014.

Key facts

Type
3-bed apartment
Size
1,884 sqft
Floor
3rd of 43
Parking
M35/ T12
Developer
Dubai Properties
Completed
2007
Service charge
AED 28,300 /yr
Last sold
AED 2.88M · November 2014
Building
Shams 1

About 308, Shams 1

308 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 26 November 2014 for AED 2,875,000, or AED 1,525 per sqft, 13% above the AED 1,353 three-beds in the building were fetching at the time.

It has been rented since 2012 on 2 Ejari contracts. The current contract, renewed on 23 June 2013, is AED 110,250 a year: a gross yield of 3.8% on the 2014 price, before the service charge of about AED 28,300 a year.

Sales and rents for 308 over time

Sales
Unit 308, 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, November 2014: AED 2,875,000 (AED 1,525 per sqft)

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

Rents
Unit 308, 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, June 2012: AED 105,000 a yearRenewal, June 2013: AED 110,250 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 308 sits

All 104 3-beds →

308 last sold in November 2014 at AED 1,525 per sqft, 13% above what three-beds in Shams 1 were fetching at the time (AED 1,353). 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. 308's AED 110,250 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 3rd floor

All 309 units in Shams 1
Value
3013-bedAED 2.8M · Aug 2014
3023-bedAED 2.4M · Dec 2013
3031-bedAED 1.3M · Sep 2017
3041-bedAED 1.78M · Jan 2026
3051-bedAED 1.53M · May 2024
3061-bedAED 1.45M · Oct 2015
3073-bedAED 1.8M · Nov 2022

308, Shams 1 in numbers

  • Sold twice: first on 19 September 2011 for AED 1,069,182, last on 26 November 2014 for AED 2,875,000 (AED 1,525 per sqft).
  • Rented since June 2012 on 2 Ejari contracts, from AED 105,000 to AED 110,250 a year.
  • At AED 110,250 a year the gross yield on the 2014 price is 3.8%, 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 26 November 2014.

Questions about 308, Shams 1

What did unit 308 last sell for?

AED 2,875,000 on 26 November 2014: AED 1,525 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 308?

AED 110,250 a year on the contract renewed on 23 June 2013. The previous contract, from June 2012, was AED 105,000.

How big is unit 308?

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 308 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 308, Shams 1

Starts from the last sale price (AED 2.88M, 26 November 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,875,000
Deposit, UAE resident (20%)
AED 575,000
Deposit, non-resident (40%)
AED 1,150,000
Monthly over 25 years at 3.7%
AED 11,763

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