507, Shams 1
Sold prices and rental history: sold twice, last in November 2013, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 507, Shams 1
What is 507 worth today?
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Source: Dubai Land Department. Updated 17 November 2013.
Key facts
- Type
- 3-bed apartment
- Size
- 1,884 sqft
- Floor
- 5th of 43
- Parking
- G07/ G08
- Developer
- Dubai Properties
- Completed
- 2007
- Service charge
- AED 28,300 /yr
- Last sold
- AED 2.13M · November 2013
- Building
- Shams 1
About 507, Shams 1
507 is a three-bedroom apartment of 1,884 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 17 November 2013 for AED 2,125,000, or AED 1,127 per sqft, in line with the AED 1,127 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 25 April 2013, is AED 110,250 a year: a gross yield of 5.2% on the 2013 price, before the service charge of about AED 28,300 a year.
Sales and rents for 507 over time
507 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 507 sits
All 104 3-beds →507 last sold in November 2013 at AED 1,127 per sqft, in line with what three-beds in Shams 1 were fetching at the time (AED 1,127). 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. 507's AED 110,250 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 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 | |
| 506 | 1-bed | 1,182 sqft | AED 835KAED 835,000 · Jan 2015January 2015 | 95,000 /yr | |
| 508 | 3-bed | 1,884 sqft | AED 2.6MAED 2,600,000 · May 2025May 2025 | 130,000 /yr |
507, Shams 1 in numbers
- Sold twice: first on 19 September 2011 for AED 1,069,182, last on 17 November 2013 for AED 2,125,000 (AED 1,127 per sqft).
- Rented since April 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 2013 price is 5.2%, 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 17 November 2013.
Questions about 507, Shams 1
What did unit 507 last sell for?
AED 2,125,000 on 17 November 2013: AED 1,127 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 507?
AED 110,250 a year on the contract renewed on 25 April 2013. The previous contract, from April 2012, was AED 105,000.
How big is unit 507?
1,884 sqft (175.0 sqm): a three-bedroom apartment on the 5th floor of a 43-storey tower completed in 2007.
What is unit 507 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 507, Shams 1
Starts from the last sale price (AED 2.13M, 17 November 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 2,125,000
- Deposit, UAE resident (20%)
- AED 425,000
- Deposit, non-resident (40%)
- AED 850,000
- Monthly over 25 years at 3.7%
- AED 8,694
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →