2-bed · 1,323 sqftShams 2, Jumeirah Beach Residence · 23rd floor · completed 2007

2303, Shams 2

Sold prices and rental history: sold 3 times, last in July 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2303 · DLD and Ejari recordsUpdated 24 July 2023
Last soldAED 2.1M24 July 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2303, Shams 2

What is 2303 worth today?

Last sold for AED 2,100,000 in 2023

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24 Jul 2023SoldReady
AED 2,100,000AED 1,587 per sqft
24 Sep 2012SoldReady
AED 1,375,000AED 1,039 per sqft
24 Jun 2007Sold by developerReady
AED 1,050,000AED 793 per sqft

Source: Dubai Land Department. Updated 24 July 2023.

Key facts

Type
2-bed apartment
Size
1,323 sqft
Floor
23rd of 41
Parking
M155
Developer
Dubai Properties
Completed
2007
Service charge
AED 24,300 /yr
Last sold
AED 2.1M · July 2023
Building
Shams 2

About 2303, Shams 2

2303 is a two-bedroom apartment of 1,323 sqft on the 23rd floor of Shams 2, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 24 July 2023 for AED 2,100,000, or AED 1,587 per sqft, 5% above the AED 1,511 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 2303 over time

Sales
Unit 2303, 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 793 per sqft)Sold, September 2012: AED 1,375,000 (AED 1,039 per sqft)Sold, July 2023: AED 2,100,000 (AED 1,587 per sqft)

2303 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2303, 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 125,875

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 2303 sits

All 103 2-beds →

2303 last sold in July 2023 at AED 1,587 per sqft, 5% above what two-beds in Shams 2 were fetching at the time (AED 1,511). 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.

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 23rd floor

All 154 units in Shams 2
Value
23012-bedAED 1.4M · Oct 2007
23022-bedAED 1.38M · Oct 2007
23042-bedAED 1.4M · Oct 2012

2303, Shams 2 in numbers

  • Sold 3 times: first on 24 June 2007 for AED 1,050,000, last on 24 July 2023 for AED 2,100,000 (AED 1,587 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 24 July 2023.

Questions about 2303, Shams 2

What did unit 2303 last sell for?

AED 2,100,000 on 24 July 2023: AED 1,587 per sqft for 1,323 sqft. The unit has 3 registered sales; the first was AED 1,050,000 in June 2007.

How big is unit 2303?

1,323 sqft (122.9 sqm): a two-bedroom apartment on the 23rd floor of a 41-storey tower completed in 2007.

What is unit 2303 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 2303, Shams 2

Starts from the last sale price (AED 2.1M, 24 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,100,000
Deposit, UAE resident (20%)
AED 420,000
Deposit, non-resident (40%)
AED 840,000
Monthly over 25 years at 3.7%
AED 8,592

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