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2-bed · 1,274 sqftShams 1, Jumeirah Beach Residence · 37th floor · completed 2007

3707, Shams 1

Sold prices and rental history: sold twice, last in April 2023, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3707 · DLD and Ejari recordsUpdated 6 April 2023
Last soldAED 2.1M6 April 2023
Current rentAED 95K /yr1 May 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 3707, Shams 1

What is 3707 worth today?

Last sold for AED 2,100,000 in 2023

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6 Apr 2023SoldReady
AED 2,100,000AED 1,647 per sqft
1 May 2013RentedRenewal
AED 94,500/yr12 months · AED 74 per sqft
1 May 2012RentedNew contract
AED 90,000/yr12 months · AED 71 per sqft
19 Sep 2011Sold by developerReady
AED 1,069,182AED 838 per sqft

Source: Dubai Land Department. Updated 6 April 2023.

Key facts

Type
2-bed apartment
Size
1,274 sqft
Floor
37th of 43
Parking
G39
Developer
Dubai Properties
Completed
2007
Service charge
AED 19,100 /yr
Last sold
AED 2.1M · April 2023
Building
Shams 1

About 3707, Shams 1

3707 is a two-bedroom apartment of 1,274 sqft on the 37th floor of Shams 1, a 43-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 6 April 2023 for AED 2,100,000, or AED 1,647 per sqft, 14% above the AED 1,451 two-beds in the building were fetching at the time.

It has been rented since 2012 on 2 Ejari contracts. The current contract, renewed on 1 May 2013, is AED 94,500 a year: a gross yield of 4.5% on the 2023 price, before the service charge of about AED 19,100 a year.

Sales and rents for 3707 over time

Sales
Unit 3707, 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 838 per sqft)Sold, April 2023: AED 2,100,000 (AED 1,647 per sqft)

3707 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3707, 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, May 2012: AED 90,000 a yearRenewal, May 2013: AED 94,500 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 3707 sits

All 125 2-beds →

3707 last sold in April 2023 at AED 1,647 per sqft, 14% above what two-beds in Shams 1 were fetching at the time (AED 1,451). 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. 3707's AED 94,500 is in the lower 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 37th floor

All 309 units in Shams 1
Value
37012-bedAED 2.05M · Mar 2023
37022-bedAED 2M · Mar 2023
37032-bedAED 2.4M · Mar 2023
37042-bedAED 2M · Apr 2023
37052-bedAED 2.4M · Apr 2023
37062-bedAED 2M · Apr 2023
37082-bedAED 2.05M · Apr 2023

3707, Shams 1 in numbers

  • Sold twice: first on 19 September 2011 for AED 1,069,182, last on 6 April 2023 for AED 2,100,000 (AED 1,647 per sqft).
  • Rented since May 2012 on 2 Ejari contracts, from AED 90,000 to AED 94,500 a year.
  • At AED 94,500 a year the gross yield on the 2023 price is 4.5%, before a service charge of about AED 19,100 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 6 April 2023.

Questions about 3707, Shams 1

What did unit 3707 last sell for?

AED 2,100,000 on 6 April 2023: AED 1,647 per sqft for 1,274 sqft. The unit has 2 registered sales; the first was AED 1,069,182 in September 2011.

What is the rent for unit 3707?

AED 94,500 a year on the contract renewed on 1 May 2013. The previous contract, from May 2012, was AED 90,000.

How big is unit 3707?

1,274 sqft (118.4 sqm): a two-bedroom apartment on the 37th floor of a 43-storey tower completed in 2007.

What is unit 3707 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 3707, Shams 1

Starts from the last sale price (AED 2.1M, 6 April 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,100,000
Deposit, UAE resident (20%)
AED 420,000
Deposit, non-resident (40%)
AED 840,000
Monthly over 25 years at 3.7%
AED 8,592

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