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3-bed · 1,991 sqftShams 2, Jumeirah Beach Residence · 12th floor · completed 2007

1203, Shams 2

Sold prices and rental history: sold 3 times, last in March 2017, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1203 · DLD and Ejari recordsUpdated 15 January 2023
Last soldAED 2.15M28 March 2017
Current rentAED 45K /yr15 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1203, Shams 2

What is 1203 worth today?

Last sold for AED 2,150,000 in 2017

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15 Jan 2023RentedNew contract
AED 45,000/yr12 months · AED 23 per sqft
1 Sep 2021RentedNew contract
AED 48,000/yr12 months · AED 24 per sqft
1 Mar 2019RentedNew contract
AED 55,000/yr12 months · AED 28 per sqft
28 Mar 2017SoldReady
AED 2,150,000AED 1,080 per sqft
21 Mar 2012SoldReady
AED 2,000,000AED 1,004 per sqft
25 Jun 2007Sold by developerReady
AED 1,655,000AED 831 per sqft

Source: Dubai Land Department. Updated 15 January 2023.

Key facts

Type
3-bed apartment
Size
1,991 sqft
Floor
12th of 41
Parking
G149,G150
Developer
Dubai Properties
Completed
2007
Service charge
AED 36,600 /yr
Last sold
AED 2.15M · March 2017
Building
Shams 2

About 1203, Shams 2

1203 is a three-bedroom apartment of 1,991 sqft on the 12th floor of Shams 2, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 28 March 2017 for AED 2,150,000, or AED 1,080 per sqft.

It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 15 January 2023, is AED 45,000 a year: a gross yield of 2.1% on the 2017 price, before the service charge of about AED 36,600 a year.

Sales and rents for 1203 over time

Sales
Unit 1203, each saleTypical three-bed in Shams 2
1.5M2M2.5M2007201220172022Typical sale price by year: 2007 AED 1,655,000; 2008 AED 1,655,000; 2009 AED 2,123,338; 2012 AED 1,700,000; 2014 AED 2,690,000; 2022 AED 1,974,656; 2023 AED 2,140,000; 2025 AED 2,600,000Sold by developer, June 2007: AED 1,655,000 (AED 831 per sqft)Sold, March 2012: AED 2,000,000 (AED 1,004 per sqft)Sold, March 2017: AED 2,150,000 (AED 1,080 per sqft)

1203 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1203, each contractTypical three-bed in Shams 2
100K2012201620202024Typical rent by year: 2012 AED 120,000; 2013 AED 120,375; 2014 AED 145,000; 2015 AED 152,748; 2016 AED 150,000; 2017 AED 150,000; 2018 AED 138,000; 2019 AED 120,000; 2020 AED 95,000; 2021 AED 92,000; 2022 AED 122,666; 2023 AED 137,500; 2024 AED 152,500; 2025 AED 160,000; 2026 AED 147,000New contract, March 2019: AED 55,000 a yearNew contract, September 2021: AED 48,000 a yearNew contract, January 2023: AED 45,000 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 2, and where 1203 sits

All 44 3-beds →

Over the last 12 months three-beds sold for AED 2,430,000 to 2,744,446, around AED 1,306 per sqft, and rent for AED 95,000 to 200,000 a year. 1203's AED 45,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
7 Oct 20262,744,446
1 Sep 20262,430,000
18 Nov 20252,600,000
1 Oct 20252,600,000
3 3-bed sales in the last 12 months

Shams 2

Building

154 apartments, 1-bed to 4-bed over 41 floors in Jumeirah Beach Residence, completed in 2007 by Dubai Properties. 17 sold in the last 12 months.

Typical price per sqft
AED 1,551 Down 1.8%
Typical sale
AED 2.43M
Typical rent
AED 135K /yr
Typical yield
5.8%
Shams 2, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 12th floor

All 154 units in Shams 2
Value
12013-bedAED 2.14M · Jul 2023
12022-bedAED 2M · Feb 2026
12042-bedAED 1.56M · Dec 2012

1203, Shams 2 in numbers

  • Sold 3 times: first on 25 June 2007 for AED 1,655,000, last on 28 March 2017 for AED 2,150,000 (AED 1,080 per sqft).
  • Rented since March 2019 on 3 Ejari contracts, from AED 55,000 to AED 45,000 a year.
  • At AED 45,000 a year the gross yield on the 2017 price is 2.1%, before a service charge of about AED 36,600 a year (AED 18.38 per sqft).
  • Three-beds in Shams 2 sold for AED 2,430,000–2,744,446 in the 12 months to November 2026; the building's median across all types is AED 1,551 per sqft.

Source: Dubai Land Department. Updated 15 January 2023.

Questions about 1203, Shams 2

What did unit 1203 last sell for?

AED 2,150,000 on 28 March 2017: AED 1,080 per sqft for 1,991 sqft. The unit has 3 registered sales; the first was AED 1,655,000 in June 2007.

What is the rent for unit 1203?

AED 45,000 a year on the contract signed on 15 January 2023. The previous contract, from September 2021, was AED 48,000; the unit has been rented since March 2019.

How big is unit 1203?

1,991 sqft (185.0 sqm): a three-bedroom apartment on the 12th floor of a 41-storey tower completed in 2007.

What is unit 1203 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Shams 2 sold for AED 2,430,000 to 2,744,446 in the last 12 months, around AED 1,306 per sqft.

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Mortgage on 1203, Shams 2

Starts from the last sale price (AED 2.15M, 28 March 2017). Switch to today's estimate once you have unlocked it.
Price
AED 2,150,000
Deposit, UAE resident (20%)
AED 430,000
Deposit, non-resident (40%)
AED 860,000
Monthly over 25 years at 3.7%
AED 8,796

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