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2-bed · 1,323 sqftShams 2, Jumeirah Beach Residence · 24th floor · completed 2007

2402, Shams 2

Sold prices and rental history: sold 3 times, last in July 2022, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2402 · DLD and Ejari recordsUpdated 28 July 2022
Last soldAED 1.55M28 July 2022
Current rentAED 80K /yr1 May 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2402, Shams 2

What is 2402 worth today?

Last sold for AED 1,550,000 in 2022

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28 Jul 2022SoldReady
AED 1,550,000AED 1,171 per sqft
1 May 2021RentedRenewal
AED 80,000/yr12 months · AED 60 per sqft
1 May 2020RentedRenewal
AED 88,000/yr12 months · AED 66 per sqft
1 Apr 2019RentedNew contract
AED 88,000/yr13 months · AED 66 per sqft
20 May 2017RentedRenewal
AED 125,000/yr12 months · AED 94 per sqft
20 May 2016RentedNew contract
AED 120,000/yr12 months · AED 91 per sqft
6 Sep 2011SoldReady
AED 1,200,000AED 906 per sqft
19 Jun 2007Sold by developerReady
AED 1,050,000AED 793 per sqft

Source: Dubai Land Department. Updated 28 July 2022.

Key facts

Type
2-bed apartment
Size
1,323 sqft
Floor
24th of 41
Parking
B201
Developer
Dubai Properties
Completed
2007
Service charge
AED 24,300 /yr
Last sold
AED 1.55M · July 2022
Building
Shams 2

About 2402, Shams 2

2402 is a two-bedroom apartment of 1,323 sqft on the 24th floor of Shams 2, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 28 July 2022 for AED 1,550,000, or AED 1,171 per sqft, in line with the AED 1,202 two-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, renewed on 1 May 2021, is AED 80,000 a year: a gross yield of 5.2% on the 2022 price, before the service charge of about AED 24,300 a year.

Sales and rents for 2402 over time

Sales
Unit 2402, 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 2011: AED 1,200,000 (AED 906 per sqft)Sold, July 2022: AED 1,550,000 (AED 1,171 per sqft)

2402 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2402, 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, May 2016: AED 120,000 a yearRenewal, May 2017: AED 125,000 a yearNew contract, April 2019: AED 88,000 a yearRenewal, May 2020: AED 88,000 a yearRenewal, May 2021: AED 80,000 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 2402 sits

All 103 2-beds →

2402 last sold in July 2022 at AED 1,171 per sqft, in line with what two-beds in Shams 2 were fetching at the time (AED 1,202). 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. 2402's AED 80,000 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 24th floor

All 154 units in Shams 2
Value
24012-bedAED 1.06M · Dec 2020
24032-bedAED 1.19M · Nov 2019
24042-bedAED 1.8M · Feb 2017

2402, Shams 2 in numbers

  • Sold 3 times: first on 19 June 2007 for AED 1,050,000, last on 28 July 2022 for AED 1,550,000 (AED 1,171 per sqft).
  • Rented since May 2016 on 5 Ejari contracts, from AED 120,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2022 price is 5.2%, before a service charge of about AED 24,300 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 July 2022.

Questions about 2402, Shams 2

What did unit 2402 last sell for?

AED 1,550,000 on 28 July 2022: AED 1,171 per sqft for 1,323 sqft. The unit has 3 registered sales; the first was AED 1,050,000 in June 2007.

What is the rent for unit 2402?

AED 80,000 a year on the contract renewed on 1 May 2021. The previous contract, from May 2020, was AED 88,000; the unit has been rented since May 2016.

How big is unit 2402?

1,323 sqft (122.9 sqm): a two-bedroom apartment on the 24th floor of a 41-storey tower completed in 2007.

What is unit 2402 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 2402, Shams 2

Starts from the last sale price (AED 1.55M, 28 July 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,550,000
Deposit, UAE resident (20%)
AED 310,000
Deposit, non-resident (40%)
AED 620,000
Monthly over 25 years at 3.7%
AED 6,342

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