506, Shams 1
Sold prices and rental history: sold 3 times, last in January 2015, 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 506, Shams 1
What is 506 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 1 April 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 1,182 sqft
- Floor
- 5th of 43
- Parking
- B327
- Developer
- Dubai Properties
- Completed
- 2007
- Service charge
- AED 17,800 /yr
- Last sold
- AED 835K · January 2015
- Building
- Shams 1
About 506, Shams 1
506 is a one-bedroom apartment of 1,182 sqft on the 5th floor of Shams 1, a 43-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 15 January 2015 for AED 835,000, or AED 706 per sqft, 47% below the AED 1,332 one-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 11 Ejari contracts. The current contract, renewed on 1 April 2026, is AED 95,000 a year: a gross yield of 11.4% on the 2015 price, before the service charge of about AED 17,800 a year.
Sales and rents for 506 over time
506 has sold 3 times; the dashed line is the one-bed median of each year in the building.
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 506 sits
All 84 1-beds →506 last sold in January 2015 at AED 706 per sqft, 47% below what one-beds in Shams 1 were fetching at the time (AED 1,332). 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. 506's AED 95,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 24 Aug 202624 August 2026 | 1,199 sqft | 1,300,000 | 1,084 | ||
| 5 Aug 20265 August 2026 | 1,522 sqft | 3,500,000 | 2,299 | ||
| 17 Apr 202617 April 2026 | 1,199 sqft | 1,570,150 | 1,309 | ||
| 6 Apr 20266 April 2026 | 2,598 sqft | 3,260,000 | 1,254 |
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 5th floor
All 309 units in Shams 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 3-bed | 1,884 sqft | AED 1.3MAED 1,300,000 · May 2017May 2017 | 175,000 /yr | |
| 502 | 3-bed | 1,884 sqft | AED 2.45MAED 2,450,000 · Aug 2024August 2024 | 195,000 /yr | |
| 503 | 1-bed | 485 sqft | AED 1.48MAED 1,480,387 · May 2025May 2025 | 64,000 /yr | |
| 504 | 1-bed | 1,182 sqft | AED 748KAED 747,500 · Dec 2016December 2016 | ||
| 505 | 1-bed | 1,182 sqft | AED 1.35MAED 1,350,000 · Sep 2021September 2021 | 115,320 /yr | |
| 507 | 3-bed | 1,884 sqft | AED 2.13MAED 2,125,000 · Nov 2013November 2013 | 110,250 /yr | |
| 508 | 3-bed | 1,884 sqft | AED 2.6MAED 2,600,000 · May 2025May 2025 | 130,000 /yr |
506, Shams 1 in numbers
- Sold 3 times: first on 19 September 2011 for AED 1,069,182, last on 15 January 2015 for AED 835,000 (AED 706 per sqft).
- Rented since November 2015 on 11 Ejari contracts. The rent fell from AED 120,000 to AED 77,000 in 2021 and recovered to AED 95,000 by April 2026.
- At AED 95,000 a year the gross yield on the 2015 price is 11.4%, 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 1 April 2026.
Questions about 506, Shams 1
What did unit 506 last sell for?
AED 835,000 on 15 January 2015: AED 706 per sqft for 1,182 sqft. The unit has 3 registered sales; the first was AED 1,069,182 in September 2011.
What is the rent for unit 506?
AED 95,000 a year on the contract renewed on 1 April 2026. The previous contract, from April 2025, was AED 95,000; the unit has been rented since November 2015.
How big is unit 506?
1,182 sqft (109.8 sqm): a one-bedroom apartment on the 5th floor of a 43-storey tower completed in 2007.
What is unit 506 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.
Selling 506? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 506, Shams 1
Starts from the last sale price (AED 835K, 15 January 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 835,000
- Deposit, UAE resident (20%)
- AED 167,000
- Deposit, non-resident (40%)
- AED 334,000
- Monthly over 25 years at 3.7%
- AED 3,416
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →