508, Shams 1
Sold prices and rental history: sold 3 times, last in May 2025, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, Shams 1
What is 508 worth today?
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Source: Dubai Land Department. Updated 15 May 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 1,884 sqft
- Floor
- 5th of 43
- Parking
- G81/ G82
- Developer
- Dubai Properties
- Completed
- 2007
- Service charge
- AED 28,300 /yr
- Last sold
- AED 2.6M · May 2025
- Building
- Shams 1
About 508, Shams 1
508 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 15 May 2025 for AED 2,600,000, or AED 1,379 per sqft, 4% above the AED 1,326 three-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 8 Ejari contracts. The current contract, signed on 1 October 2022, is AED 130,000 a year: a gross yield of 5.0% on the 2025 price, before the service charge of about AED 28,300 a year.
Sales and rents for 508 over time
508 has sold 3 times; 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 508 sits
All 104 3-beds →508 last sold in May 2025 at AED 1,379 per sqft, 4% above what three-beds in Shams 1 were fetching at the time (AED 1,326). 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. 508's AED 130,000 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 | |
| 507 | 3-bed | 1,884 sqft | AED 2.13MAED 2,125,000 · Nov 2013November 2013 | 110,250 /yr |
508, Shams 1 in numbers
- Sold 3 times: first on 19 September 2011 for AED 1,069,182, last on 15 May 2025 for AED 2,600,000 (AED 1,379 per sqft).
- Rented since February 2012 on 8 Ejari contracts, from AED 116,575 to AED 130,000 a year.
- At AED 130,000 a year the gross yield on the 2025 price is 5.0%, 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 15 May 2025.
Questions about 508, Shams 1
What did unit 508 last sell for?
AED 2,600,000 on 15 May 2025: AED 1,379 per sqft for 1,884 sqft. The unit has 3 registered sales; the first was AED 1,069,182 in September 2011.
What is the rent for unit 508?
AED 130,000 a year on the contract signed on 1 October 2022. The previous contract, from October 2021, was AED 105,000; the unit has been rented since February 2012.
How big is unit 508?
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 508 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 508, Shams 1
Starts from the last sale price (AED 2.6M, 15 May 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 2,600,000
- Deposit, UAE resident (20%)
- AED 520,000
- Deposit, non-resident (40%)
- AED 1,040,000
- Monthly over 25 years at 3.7%
- AED 10,637
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →