701, Shams 1
Sold prices and rental history: sold 3 times, last in March 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 701, Shams 1
What is 701 worth today?
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Source: Dubai Land Department. Updated 15 October 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 1,884 sqft
- Floor
- 7th of 43
- Parking
- G47/ G48
- Developer
- Dubai Properties
- Completed
- 2007
- Service charge
- AED 28,300 /yr
- Last sold
- AED 2.11M · March 2023
- Building
- Shams 1
About 701, Shams 1
701 is a three-bedroom apartment of 1,884 sqft on the 7th floor of Shams 1, a 43-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 10 March 2023 for AED 2,113,000, or AED 1,121 per sqft, in line with the AED 1,121 three-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 9 Ejari contracts. The current contract, signed on 15 October 2024, is AED 100,000 a year: a gross yield of 4.7% on the 2023 price, before the service charge of about AED 28,300 a year.
Sales and rents for 701 over time
701 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 701 sits
All 104 3-beds →701 last sold in March 2023 at AED 1,121 per sqft, in line with what three-beds in Shams 1 were fetching at the time (AED 1,121). 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. 701's AED 100,000 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 7th floor
All 309 units in Shams 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 702 | 3-bed | 1,884 sqft | AED 2.2MAED 2,200,000 · Oct 2023October 2023 | 131,250 /yr | |
| 703 | 1-bed | 1,182 sqft | AED 1.25MAED 1,250,000 · Oct 2013October 2013 | 80,000 /yr | |
| 704 | 1-bed | 1,182 sqft | AED 1.6MAED 1,600,000 · Apr 2025April 2025 | 80,000 /yr | |
| 705 | 1-bed | 1,182 sqft | AED 1.55MAED 1,550,000 · Jan 2014January 2014 | 92,000 /yr | |
| 706 | 1-bed | 1,182 sqft | AED 1.65MAED 1,650,000 · Jan 2024January 2024 | 130,000 /yr | |
| 707 | 3-bed | 1,884 sqft | AED 2.3MAED 2,300,000 · Jun 2023June 2023 | 180,124 /yr | |
| 708 | 3-bed | 1,884 sqft | AED 2.5MAED 2,500,000 · Jun 2026June 2026 | 180,000 /yr |
701, Shams 1 in numbers
- Sold 3 times: first on 19 September 2011 for AED 1,069,182, last on 10 March 2023 for AED 2,113,000 (AED 1,121 per sqft).
- Rented since August 2014 on 9 Ejari contracts, from AED 183,000 to AED 100,000 a year.
- At AED 100,000 a year the gross yield on the 2023 price is 4.7%, 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 October 2024.
Questions about 701, Shams 1
What did unit 701 last sell for?
AED 2,113,000 on 10 March 2023: AED 1,121 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 701?
AED 100,000 a year on the contract signed on 15 October 2024. The previous contract, from October 2021, was AED 105,000; the unit has been rented since August 2014.
How big is unit 701?
1,884 sqft (175.0 sqm): a three-bedroom apartment on the 7th floor of a 43-storey tower completed in 2007.
What is unit 701 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 701, Shams 1
Starts from the last sale price (AED 2.11M, 10 March 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,113,000
- Deposit, UAE resident (20%)
- AED 422,600
- Deposit, non-resident (40%)
- AED 845,200
- Monthly over 25 years at 3.7%
- AED 8,645
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →