2-bed · 1,323 sqftShams 2, Jumeirah Beach Residence · 25th floor · completed 2007

2504, Shams 2

Sold prices and rental history: sold 4 times, last in April 2022, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2504 · DLD and Ejari recordsUpdated 16 March 2024
Last soldAED 1.32M26 April 2022
Current rentAED 160K /yr16 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2504, Shams 2

What is 2504 worth today?

Last sold for AED 1,321,487 in 2022

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16 Mar 2024RentedNew contract
AED 160,000/yr12 months · AED 121 per sqft
16 Dec 2023RentedRenewal
AED 170,000/yr12 months · AED 129 per sqft
16 Dec 2022RentedNew contract
AED 170,000/yr12 months · AED 128 per sqft
26 Apr 2022SoldReady
AED 1,321,487AED 998 per sqft
18 Oct 2018RentedRenewal
AED 100,000/yr12 months · AED 76 per sqft
18 Oct 2017RentedRenewal
AED 100,000/yr12 months · AED 76 per sqft
18 Oct 2016RentedNew contract
AED 110,000/yr12 months · AED 83 per sqft
13 Aug 2008SoldReady
AED 2,710,000AED 2,047 per sqft

Source: Dubai Land Department. Updated 16 March 2024.

Key facts

Type
2-bed apartment
Size
1,323 sqft
Floor
25th of 41
Parking
B204
Developer
Dubai Properties
Completed
2007
Service charge
AED 24,300 /yr
Last sold
AED 1.32M · April 2022
Building
Shams 2

About 2504, Shams 2

2504 is a two-bedroom apartment of 1,323 sqft on the 25th floor of Shams 2, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 26 April 2022 for AED 1,321,487, or AED 998 per sqft, 6% below the AED 1,066 two-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, signed on 16 March 2024, is AED 160,000 a year: a gross yield of 12.1% on the 2022 price, before the service charge of about AED 24,300 a year.

Sales and rents for 2504 over time

Sales
Unit 2504, each saleTypical two-bed in Shams 2
1M2M3M20072012201720222027Typical 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, July 2007: AED 1,050,000 (AED 793 per sqft)Sold, October 2007: AED 1,400,000 (AED 1,057 per sqft)Sold, August 2008: AED 2,710,000 (AED 2,047 per sqft)Sold, April 2022: AED 1,321,487 (AED 998 per sqft)

2504 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2504, each contractTypical two-bed in Shams 2
100K150K2012201620202024Typical 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, October 2016: AED 110,000 a yearRenewal, October 2017: AED 100,000 a yearRenewal, October 2018: AED 100,000 a yearNew contract, December 2022: AED 170,000 a yearRenewal, December 2023: AED 170,000 a yearNew contract, March 2024: AED 160,000 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 2504 sits

All 103 2-beds →

2504 last sold in April 2022 at AED 998 per sqft, 6% below what two-beds in Shams 2 were fetching at the time (AED 1,066). 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. 2504's AED 160,000 is in the lower half 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 25th floor

All 154 units in Shams 2
Value
25012-bedAED 1.5M · Nov 2012
25022-bedAED 1.52M · Jun 2012
25032-bedAED 1.15M · Dec 2011

2504, Shams 2 in numbers

  • Sold 4 times: first on 4 July 2007 for AED 1,050,000, last on 26 April 2022 for AED 1,321,487 (AED 998 per sqft).
  • Rented since October 2016 on 6 Ejari contracts, from AED 110,000 to AED 160,000 a year.
  • At AED 160,000 a year the gross yield on the 2022 price is 12.1%, 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 16 March 2024.

Questions about 2504, Shams 2

What did unit 2504 last sell for?

AED 1,321,487 on 26 April 2022: AED 998 per sqft for 1,323 sqft. The unit has 4 registered sales; the first was AED 1,050,000 in July 2007.

What is the rent for unit 2504?

AED 160,000 a year on the contract signed on 16 March 2024. The previous contract, from December 2023, was AED 170,000; the unit has been rented since October 2016.

How big is unit 2504?

1,323 sqft (122.9 sqm): a two-bedroom apartment on the 25th floor of a 41-storey tower completed in 2007.

What is unit 2504 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 2504, Shams 2

Starts from the last sale price (AED 1.32M, 26 April 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,321,487
Deposit, UAE resident (20%)
AED 264,297
Deposit, non-resident (40%)
AED 528,595
Monthly over 25 years at 3.7%
AED 5,407

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