3-bed · 1,991 sqftShams 2, Jumeirah Beach Residence · 14th floor · completed 2007

1401, Shams 2

Sold prices and rental history: sold once, by the developer in June 2007, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1401 · DLD and Ejari recordsUpdated 5 September 2024
Last soldAED 1.66M25 June 2007
Current rentAED 155K /yr5 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1401, Shams 2

What is 1401 worth today?

Last sold for AED 1,655,000 in 2007

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5 Sep 2024RentedRenewal
AED 155,000/yr12 months · AED 78 per sqft
5 Sep 2023RentedRenewal
AED 135,000/yr12 months · AED 68 per sqft
5 Sep 2022RentedRenewal
AED 125,000/yr12 months · AED 63 per sqft
5 Sep 2021RentedRenewal
AED 100,000/yr12 months · AED 50 per sqft
5 Sep 2020RentedRenewal
AED 90,000/yr12 months · AED 45 per sqft
5 Sep 2019RentedRenewal
AED 120,000/yr12 months · AED 60 per sqft
5 Sep 2018RentedNew contract
AED 147,500/yr12 months · AED 74 per sqft
1 Aug 2018RentedNew contract
AED 120,000/yr13 months · AED 60 per sqft

Source: Dubai Land Department. Updated 5 September 2024.

Key facts

Type
3-bed apartment
Size
1,991 sqft
Floor
14th of 41
Parking
G147,G148
Developer
Dubai Properties
Completed
2007
Service charge
AED 36,600 /yr
Last sold
AED 1.66M · June 2007
Building
Shams 2

About 1401, Shams 2

1401 is a three-bedroom apartment of 1,991 sqft on the 14th floor of Shams 2, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 25 June 2007 for AED 1,655,000, or AED 831 per sqft, in line with the AED 831 three-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 9 Ejari contracts. The current contract, renewed on 5 September 2024, is AED 155,000 a year: a gross yield of 9.4% on the 2007 price, before the service charge of about AED 36,600 a year.

Sales and rents for 1401 over time

Sales
Unit 1401, 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)

1401 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1401, each contractTypical three-bed in Shams 2
100K150K2012201620202024Typical 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, July 2016: AED 150,000 a yearNew contract, August 2018: AED 120,000 a yearNew contract, September 2018: AED 147,500 a yearRenewal, September 2019: AED 120,000 a yearRenewal, September 2020: AED 90,000 a yearRenewal, September 2021: AED 100,000 a yearRenewal, September 2022: AED 125,000 a yearRenewal, September 2023: AED 135,000 a yearRenewal, September 2024: AED 155,000 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 1401 sits

All 44 3-beds →

1401 last sold in June 2007 at AED 831 per sqft, in line with what three-beds in Shams 2 were fetching at the time (AED 831). 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. 1401's AED 155,000 is in the upper half 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 14th floor

All 154 units in Shams 2
Value
14022-bedAED 1.79M · Apr 2026
14033-bedAED 1.66M · Jun 2007
14042-bedAED 2M · Jun 2025

1401, Shams 2 in numbers

  • Sold once: by Dubai Properties on 25 June 2007 for AED 1,655,000, or AED 831 per sqft.
  • Rented since July 2016 on 9 Ejari contracts. The rent fell from AED 150,000 to AED 90,000 in 2020 and recovered to AED 155,000 by September 2024.
  • At AED 155,000 a year the gross yield on the 2007 price is 9.4%, 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 5 September 2024.

Questions about 1401, Shams 2

What did unit 1401 last sell for?

AED 1,655,000 on 25 June 2007, sold by the developer: AED 831 per sqft for 1,991 sqft. It is the only registered sale of the unit.

What is the rent for unit 1401?

AED 155,000 a year on the contract renewed on 5 September 2024. The previous contract, from September 2023, was AED 135,000; the unit has been rented since July 2016.

How big is unit 1401?

1,991 sqft (185.0 sqm): a three-bedroom apartment on the 14th floor of a 41-storey tower completed in 2007.

What is unit 1401 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 1401, Shams 2

Starts from the last sale price (AED 1.66M, 25 June 2007). Switch to today's estimate once you have unlocked it.
Price
AED 1,655,000
Deposit, UAE resident (20%)
AED 331,000
Deposit, non-resident (40%)
AED 662,000
Monthly over 25 years at 3.7%
AED 6,771

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