2-bed · 1,289 sqftShams 2, Jumeirah Beach Residence · 19th floor · completed 2007

1902, Shams 2

Sold prices and rental history: sold 3 times, last in January 2008, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1902 · DLD and Ejari recordsUpdated 28 November 2023
Last soldAED 1.81M23 January 2008
Current rentAED 15K /yr28 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1902, Shams 2

What is 1902 worth today?

Last sold for AED 1,805,000 in 2008

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28 Nov 2023RentedNew contract · flagged as an outlier
AED 15,000/yr12 months · AED 12 per sqft
15 Jul 2023RentedRenewal
AED 105,000/yr12 months · AED 81 per sqft
15 Jul 2022RentedNew contract
AED 100,000/yr12 months · AED 77 per sqft
5 Apr 2021RentedNew contract
AED 75,000/yr12 months · AED 58 per sqft
5 Apr 2020RentedRenewal
AED 85,000/yr12 months · AED 66 per sqft
5 Apr 2019RentedNew contract
AED 90,000/yr12 months · AED 70 per sqft
17 Feb 2018RentedNew contract
AED 105,000/yr12 months · AED 81 per sqft
30 Jun 2017RentedRenewal
AED 116,745/yr6 months · AED 90 per sqft

Source: Dubai Land Department. Updated 28 November 2023.

Key facts

Type
2-bed apartment
Size
1,289 sqft
Floor
19th of 41
Parking
B181
Developer
Dubai Properties
Completed
2007
Service charge
AED 23,700 /yr
Last sold
AED 1.81M · January 2008
Building
Shams 2

About 1902, Shams 2

1902 is a two-bedroom apartment of 1,289 sqft on the 19th floor of Shams 2, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 23 January 2008 for AED 1,805,000, or AED 1,400 per sqft, 62% above the AED 863 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 11 Ejari contracts. The current contract, signed on 28 November 2023, is AED 15,000 a year: a gross yield of 0.8% on the 2008 price, before the service charge of about AED 23,700 a year.

Sales and rents for 1902 over time

Sales
Unit 1902, each saleTypical two-bed in Shams 2
1M2M20072012201720222027Typical sale price by year: 2007 AED 1,075,000; 2008 AED 1,650,000; 2009 AED 1,300,000; 2010 AED 1,175,000; 2011 AED 1,200,000; 2012 AED 1,440,000; 2013 AED 1,700,000; 2014 AED 2,200,000; 2015 AED 1,850,000; 2017 AED 1,870,000; 2018 AED 1,575,000; 2019 AED 1,400,000; 2020 AED 1,075,000; 2021 AED 1,350,000; 2022 AED 1,650,000; 2023 AED 2,000,000; 2024 AED 2,180,000; 2025 AED 2,300,000; 2026 AED 2,400,000Sold by developer, June 2007: AED 1,050,000 (AED 814 per sqft)Sold, October 2007: AED 1,400,000 (AED 1,085 per sqft)Sold, January 2008: AED 1,805,000 (AED 1,400 per sqft)

1902 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1902, each contractTypical two-bed in Shams 2
100K2012201620202024Typical rent by year: 2012 AED 115,000; 2013 AED 115,000; 2014 AED 133,313; 2015 AED 135,000; 2016 AED 130,000; 2017 AED 125,000; 2018 AED 115,000; 2019 AED 100,000; 2020 AED 80,000; 2021 AED 80,000; 2022 AED 100,000; 2023 AED 105,000; 2024 AED 126,500; 2025 AED 135,596; 2026 AED 125,875New contract, June 2014: AED 110,400 a yearRenewal, June 2015: AED 110,400 a yearRenewal, June 2016: AED 118,000 a yearRenewal, June 2017: AED 116,745 a yearNew contract, February 2018: AED 105,000 a yearNew contract, April 2019: AED 90,000 a yearRenewal, April 2020: AED 85,000 a yearNew contract, April 2021: AED 75,000 a yearNew contract, July 2022: AED 100,000 a yearRenewal, July 2023: AED 105,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Shams 2, and where 1902 sits

All 103 2-beds →

1902 last sold in January 2008 at AED 1,400 per sqft, 62% above what two-beds in Shams 2 were fetching at the time (AED 863). Over the last 12 months two-beds sold for AED 1,750,000 to 2,850,000, around AED 1,861 per sqft, and rent for AED 100,000 to 250,000 a year. 1902's AED 15,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
3 Nov 20261,925,000
2 Nov 20262,500,000
16 Oct 20261,750,000
22 Sep 20262,500,000
11 2-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 19th floor

All 154 units in Shams 2
Value
19013-bedAED 1.85M · Oct 2022
19033-bedAED 2M · Mar 2018
19042-bedAED 1.55M · Nov 2021

1902, Shams 2 in numbers

  • Sold 3 times: first on 25 June 2007 for AED 1,050,000, last on 23 January 2008 for AED 1,805,000 (AED 1,400 per sqft).
  • Rented since June 2014 on 11 Ejari contracts, from AED 110,400 to AED 15,000 a year.
  • At AED 15,000 a year the gross yield on the 2008 price is 0.8%, before a service charge of about AED 23,700 a year (AED 18.38 per sqft).
  • Two-beds in Shams 2 sold for AED 1,750,000–2,850,000 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 28 November 2023.

Questions about 1902, Shams 2

What did unit 1902 last sell for?

AED 1,805,000 on 23 January 2008: AED 1,400 per sqft for 1,289 sqft. The unit has 3 registered sales; the first was AED 1,050,000 in June 2007.

What is the rent for unit 1902?

AED 15,000 a year on the contract signed on 28 November 2023. The previous contract, from July 2023, was AED 105,000; the unit has been rented since June 2014.

How big is unit 1902?

1,289 sqft (119.8 sqm): a two-bedroom apartment on the 19th floor of a 41-storey tower completed in 2007.

What is unit 1902 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Shams 2 sold for AED 1,750,000 to 2,850,000 in the last 12 months, around AED 1,861 per sqft.

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Mortgage on 1902, Shams 2

Starts from the last sale price (AED 1.81M, 23 January 2008). Switch to today's estimate once you have unlocked it.
Price
AED 1,805,000
Deposit, UAE resident (20%)
AED 361,000
Deposit, non-resident (40%)
AED 722,000
Monthly over 25 years at 3.7%
AED 7,385

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