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1-bed · 1,182 sqftShams 1, Jumeirah Beach Residence · 6th floor · completed 2007

603, Shams 1

Sold prices and rental history: sold twice, last in July 2017, and rented once, from May 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 603 · DLD and Ejari recordsUpdated 10 July 2017
Last soldAED 1.3M10 July 2017
Current rentAED 85K /yr1 May 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 603, Shams 1

What is 603 worth today?

Last sold for AED 1,300,000 in 2017

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10 Jul 2017SoldReady
AED 1,300,000AED 1,099 per sqft
1 May 2014RentedNew contract
AED 85,000/yr12 months · AED 72 per sqft
19 Sep 2011Sold by developerReady
AED 1,069,182AED 904 per sqft

Source: Dubai Land Department. Updated 10 July 2017.

Key facts

Type
1-bed apartment
Size
1,182 sqft
Floor
6th of 43
Parking
B151
Developer
Dubai Properties
Completed
2007
Service charge
AED 17,800 /yr
Last sold
AED 1.3M · July 2017
Building
Shams 1

About 603, Shams 1

603 is a one-bedroom apartment of 1,182 sqft on the 6th floor of Shams 1, a 43-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 10 July 2017 for AED 1,300,000, or AED 1,099 per sqft, in line with the AED 1,099 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 May 2014. The current contract, signed on 1 May 2014, is AED 85,000 a year: a gross yield of 6.5% on the 2017 price, before the service charge of about AED 17,800 a year.

Sales and rents for 603 over time

Sales
Unit 603, each saleTypical one-bed in Shams 1
1M1.5M20112015201920232027Typical sale price by year: 2011 AED 1,069,182; 2013 AED 1,250,000; 2014 AED 1,662,500; 2015 AED 1,470,000; 2017 AED 1,375,000; 2018 AED 1,375,000; 2019 AED 1,600,000; 2021 AED 1,300,000; 2022 AED 1,450,000; 2023 AED 1,440,000; 2024 AED 1,590,000; 2025 AED 1,640,000; 2026 AED 1,710,000Sold by developer, September 2011: AED 1,069,182 (AED 904 per sqft)Sold, July 2017: AED 1,300,000 (AED 1,099 per sqft)

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

Rents
Unit 603, each contractTypical one-bed in Shams 1
75K100K125K2012201620202024Typical rent by year: 2012 AED 70,438; 2013 AED 102,500; 2014 AED 117,750; 2015 AED 115,000; 2016 AED 110,000; 2017 AED 105,000; 2018 AED 95,500; 2019 AED 85,000; 2020 AED 65,000; 2021 AED 70,000; 2022 AED 84,000; 2023 AED 94,750; 2024 AED 100,000; 2025 AED 105,000; 2026 AED 100,000New contract, May 2014: AED 85,000 a year

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 603 sits

All 84 1-beds →

603 last sold in July 2017 at AED 1,099 per sqft, in line with what one-beds in Shams 1 were fetching at the time (AED 1,099). 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. 603's AED 85,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
24 Aug 20261,300,000
5 Aug 20263,500,000
17 Apr 20261,570,150
6 Apr 20263,260,000
7 1-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 6th floor

All 309 units in Shams 1
Value
6013-bedAED 2.65M · Dec 2024
6023-bedAED 1.49M · Nov 2019
6041-bedAED 1.42M · Oct 2017
6051-bedAED 1.58M · Jan 2014
6061-bedAED 860K · Apr 2021
6073-bedAED 2.6M · Feb 2014
6083-bedAED 2.05M · Jun 2018

603, Shams 1 in numbers

  • Sold twice: first on 19 September 2011 for AED 1,069,182, last on 10 July 2017 for AED 1,300,000 (AED 1,099 per sqft).
  • Rented since May 2014 on one Ejari contract, at AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2017 price is 6.5%, 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 10 July 2017.

Questions about 603, Shams 1

What did unit 603 last sell for?

AED 1,300,000 on 10 July 2017: AED 1,099 per sqft for 1,182 sqft. The unit has 2 registered sales; the first was AED 1,069,182 in September 2011.

What is the rent for unit 603?

AED 85,000 a year on the contract signed on 1 May 2014.

How big is unit 603?

1,182 sqft (109.8 sqm): a one-bedroom apartment on the 6th floor of a 43-storey tower completed in 2007.

What is unit 603 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.

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Mortgage on 603, Shams 1

Starts from the last sale price (AED 1.3M, 10 July 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,300,000
Deposit, UAE resident (20%)
AED 260,000
Deposit, non-resident (40%)
AED 520,000
Monthly over 25 years at 3.7%
AED 5,319

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