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

UP08, Shams 1

Sold prices and rental history: sold 3 times, last in July 2024, and rented once, from July 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit UP08 · DLD and Ejari recordsUpdated 18 July 2024
Last soldAED 2.44M18 July 2024
Current rentAED 110K /yr7 July 2012
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for UP08, Shams 1

What is UP08 worth today?

Last sold for AED 2,440,000 in 2024

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18 Jul 2024SoldReady
AED 2,440,000AED 1,249 per sqft
25 Sep 2019SoldReady
AED 1,800,000AED 921 per sqft
7 Jul 2012RentedNew contract
AED 110,250/yr12 months · AED 56 per sqft
19 Sep 2011Sold by developerReady
AED 1,069,182AED 547 per sqft

Source: Dubai Land Department. Updated 18 July 2024.

Key facts

Type
3-bed apartment
Size
1,954 sqft
Parking
B-93 , B-T1
Developer
Dubai Properties
Completed
2007
Service charge
AED 29,300 /yr
Last sold
AED 2.44M · July 2024
Building
Shams 1

About UP08, Shams 1

UP08 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. It last sold on 18 July 2024 for AED 2,440,000, or AED 1,249 per sqft, in line with the AED 1,284 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 7 July 2012. The current contract, signed on 7 July 2012, is AED 110,250 a year: a gross yield of 4.5% on the 2024 price, before the service charge of about AED 29,300 a year.

Sales and rents for UP08 over time

Sales
Unit UP08, 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)Sold, September 2019: AED 1,800,000 (AED 921 per sqft)Sold, July 2024: AED 2,440,000 (AED 1,249 per sqft)

UP08 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit UP08, each contractTypical three-bed in Shams 1
100K150K2012201620202024Typical 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 110,250 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 UP08 sits

All 104 3-beds →

UP08 last sold in July 2024 at AED 1,249 per sqft, in line with what three-beds in Shams 1 were fetching at the time (AED 1,284). 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. UP08's AED 110,250 is at the bottom 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 →

UP08, Shams 1 in numbers

  • Sold 3 times: first on 19 September 2011 for AED 1,069,182, last on 18 July 2024 for AED 2,440,000 (AED 1,249 per sqft).
  • Rented since July 2012 on one Ejari contract, at AED 110,250 a year.
  • At AED 110,250 a year the gross yield on the 2024 price is 4.5%, 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 18 July 2024.

Questions about UP08, Shams 1

What did unit UP08 last sell for?

AED 2,440,000 on 18 July 2024: AED 1,249 per sqft for 1,954 sqft. The unit has 3 registered sales; the first was AED 1,069,182 in September 2011.

What is the rent for unit UP08?

AED 110,250 a year on the contract signed on 7 July 2012.

How big is unit UP08?

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

What is unit UP08 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 UP08, Shams 1

Starts from the last sale price (AED 2.44M, 18 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,440,000
Deposit, UAE resident (20%)
AED 488,000
Deposit, non-resident (40%)
AED 976,000
Monthly over 25 years at 3.7%
AED 9,983

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