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3-bed · 1,954 sqftShams 1, Jumeirah Beach Residence · completed 2007

UP02, Shams 1

Sold prices and rental history: sold once, by the developer in September 2011, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit UP02 · DLD and Ejari recordsUpdated 15 October 2023
Last soldAED 1.07M19 September 2011
Current rentAED 150K /yr15 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for UP02, Shams 1

What is UP02 worth today?

Last sold for AED 1,069,182 in 2011

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15 Oct 2023RentedRenewal
AED 150,000/yr12 months · AED 77 per sqft
15 Oct 2022RentedNew contract
AED 150,000/yr12 months · AED 77 per sqft
15 Oct 2021RentedRenewal
AED 150,000/yr12 months · AED 77 per sqft
15 Oct 2020RentedRenewal
AED 250,000/yr12 months · AED 128 per sqft
15 Oct 2019RentedRenewal
AED 250,000/yr12 months · AED 128 per sqft
15 Oct 2018RentedRenewal
AED 250,000/yr12 months · AED 128 per sqft
15 Oct 2017RentedNew contract
AED 250,000/yr12 months · AED 128 per sqft
1 Jul 2012RentedNew contract
AED 105,000/yr12 months · AED 54 per sqft

Source: Dubai Land Department. Updated 15 October 2023.

Key facts

Type
3-bed apartment
Size
1,954 sqft
Parking
B-103 , B-T8
Developer
Dubai Properties
Completed
2007
Service charge
AED 29,300 /yr
Last sold
AED 1.07M · September 2011
Building
Shams 1

About UP02, Shams 1

UP02 is a three-bedroom apartment of 1,954 sqft of Shams 1, a 43-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 19 September 2011 for AED 1,069,182, or AED 547 per sqft, 4% below the AED 567 three-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 8 Ejari contracts. The current contract, renewed on 15 October 2023, is AED 150,000 a year: a gross yield of 14.0% on the 2011 price, before the service charge of about AED 29,300 a year.

Sales and rents for UP02 over time

Sales
Unit UP02, each saleTypical three-bed in Shams 1
1M2M3M20112015201920232027Typical sale price by year: 2011 AED 1,069,182; 2013 AED 2,300,000; 2014 AED 2,655,000; 2015 AED 2,750,000; 2017 AED 2,125,000; 2018 AED 2,050,000; 2019 AED 1,675,000; 2021 AED 1,800,000; 2022 AED 2,078,930; 2023 AED 2,262,500; 2024 AED 2,450,000; 2025 AED 2,500,000; 2026 AED 2,752,500Sold by developer, September 2011: AED 1,069,182 (AED 547 per sqft)

UP02 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit UP02, each contractTypical three-bed in Shams 1
100K200K2012201620202024Typical rent by year: 2012 AED 105,000; 2013 AED 110,250; 2014 AED 170,000; 2015 AED 170,250; 2016 AED 170,000; 2017 AED 159,527; 2018 AED 140,000; 2019 AED 130,000; 2020 AED 115,000; 2021 AED 125,000; 2022 AED 140,000; 2023 AED 152,500; 2024 AED 170,000; 2025 AED 180,000; 2026 AED 180,000New contract, July 2012: AED 105,000 a yearNew contract, October 2017: AED 250,000 a yearRenewal, October 2018: AED 250,000 a yearRenewal, October 2019: AED 250,000 a yearRenewal, October 2020: AED 250,000 a yearRenewal, October 2021: AED 150,000 a yearNew contract, October 2022: AED 150,000 a yearRenewal, October 2023: AED 150,000 a year

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 UP02 sits

All 104 3-beds →

UP02 last sold in September 2011 at AED 547 per sqft, 4% below what three-beds in Shams 1 were fetching at the time (AED 567). 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. UP02's AED 150,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
29 Oct 20262,825,000
3 Jun 20262,500,000
21 May 20262,580,000
15 May 20262,900,000
6 3-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 →

UP02, Shams 1 in numbers

  • Sold once: by Dubai Properties on 19 September 2011 for AED 1,069,182, or AED 547 per sqft.
  • Rented since July 2012 on 8 Ejari contracts, from AED 105,000 to AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2011 price is 14.0%, before a service charge of about AED 29,300 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 2023.

Questions about UP02, Shams 1

What did unit UP02 last sell for?

AED 1,069,182 on 19 September 2011, sold by the developer: AED 547 per sqft for 1,954 sqft. It is the only registered sale of the unit.

What is the rent for unit UP02?

AED 150,000 a year on the contract renewed on 15 October 2023. The previous contract, from October 2022, was AED 150,000; the unit has been rented since July 2012.

How big is unit UP02?

1,954 sqft (181.5 sqm): a three-bedroom apartment of a 43-storey tower completed in 2007.

What is unit UP02 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 UP02, Shams 1

Starts from the last sale price (AED 1.07M, 19 September 2011). Switch to today's estimate once you have unlocked it.
Price
AED 1,069,182
Deposit, UAE resident (20%)
AED 213,836
Deposit, non-resident (40%)
AED 427,673
Monthly over 25 years at 3.7%
AED 4,374

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