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

203, Shams 2

Sold prices and rental history: sold twice, last in October 2007, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 203 · DLD and Ejari recordsUpdated 6 March 2021
Last soldAED 1.9M1 October 2007
Current rentAED 85K /yr6 March 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 203, Shams 2

What is 203 worth today?

Last sold for AED 1,900,000 in 2007

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6 Mar 2021RentedNew contract
AED 85,000/yr13 months · AED 43 per sqft
5 Mar 2021RentedNew contract
AED 85,000/yr13 months · AED 43 per sqft
18 Dec 2020RentedNew contract
AED 80,000/yr12 months · AED 40 per sqft
1 Apr 2019RentedNew contract
AED 115,000/yr12 months · AED 58 per sqft
1 Apr 2017RentedNew contract
AED 168,750/yr24 months · AED 85 per sqft
25 Jul 2016RentedRenewal
AED 150,000/yr12 months · AED 75 per sqft
25 Jul 2015RentedNew contract
AED 150,000/yr12 months · AED 75 per sqft
8 Feb 2015RentedNew contract
AED 118,000/yr6 months · AED 59 per sqft

Source: Dubai Land Department. Updated 6 March 2021.

Key facts

Type
3-bed apartment
Size
1,991 sqft
Floor
2nd of 41
Parking
M211,M212
Developer
Dubai Properties
Completed
2007
Service charge
AED 36,600 /yr
Last sold
AED 1.9M · October 2007
Building
Shams 2

About 203, Shams 2

203 is a three-bedroom apartment of 1,991 sqft on the 2nd floor of Shams 2, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 1 October 2007 for AED 1,900,000, or AED 954 per sqft, 15% above the AED 831 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, signed on 6 March 2021, is AED 85,000 a year: a gross yield of 4.5% on the 2007 price, before the service charge of about AED 36,600 a year.

Sales and rents for 203 over time

Sales
Unit 203, each saleTypical three-bed in Shams 2
2M2007201220172022Typical 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, September 2007: AED 1,560,000 (AED 783 per sqft)Sold, October 2007: AED 1,900,000 (AED 954 per sqft)

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

Rents
Unit 203, 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, February 2013: AED 95,000 a yearNew contract, February 2014: AED 102,000 a yearNew contract, February 2015: AED 118,000 a yearNew contract, July 2015: AED 150,000 a yearRenewal, July 2016: AED 150,000 a yearNew contract, April 2017: AED 168,750 a yearNew contract, April 2019: AED 115,000 a yearNew contract, December 2020: AED 80,000 a yearNew contract, March 2021: AED 85,000 a yearNew contract, March 2021: AED 85,000 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 203 sits

All 44 3-beds →

203 last sold in October 2007 at AED 954 per sqft, 15% above 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. 203's AED 85,000 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 2nd floor

All 154 units in Shams 2
Value
2013-bedAED 1.9M · Oct 2007
2022-bedAED 1.4M · Oct 2007
2042-bedAED 1.4M · Oct 2007

203, Shams 2 in numbers

  • Sold twice: first on 11 September 2007 for AED 1,560,000, last on 1 October 2007 for AED 1,900,000 (AED 954 per sqft).
  • Rented since February 2013 on 10 Ejari contracts, from AED 95,000 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2007 price is 4.5%, 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 6 March 2021.

Questions about 203, Shams 2

What did unit 203 last sell for?

AED 1,900,000 on 1 October 2007: AED 954 per sqft for 1,991 sqft. The unit has 2 registered sales; the first was AED 1,560,000 in September 2007.

What is the rent for unit 203?

AED 85,000 a year on the contract signed on 6 March 2021. The previous contract, from March 2021, was AED 85,000; the unit has been rented since February 2013.

How big is unit 203?

1,991 sqft (185.0 sqm): a three-bedroom apartment on the 2nd floor of a 41-storey tower completed in 2007.

What is unit 203 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 203, Shams 2

Starts from the last sale price (AED 1.9M, 1 October 2007). Switch to today's estimate once you have unlocked it.
Price
AED 1,900,000
Deposit, UAE resident (20%)
AED 380,000
Deposit, non-resident (40%)
AED 760,000
Monthly over 25 years at 3.7%
AED 7,773

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