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2-bed · 1,323 sqftShams 2, Jumeirah Beach Residence · 29th floor · completed 2007

2901, Shams 2

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

Unit 2901 · DLD and Ejari recordsUpdated 10 May 2023
Last soldAED 1.18M11 September 2007
Current rentAED 95K /yr10 May 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2901, Shams 2

What is 2901 worth today?

Last sold for AED 1,175,000 in 2007

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10 May 2023RentedNew contract
AED 95,000/yr12 months · AED 72 per sqft
9 May 2019RentedRenewal
AED 100,000/yr12 months · AED 76 per sqft
9 May 2018RentedRenewal
AED 105,000/yr12 months · AED 79 per sqft
9 May 2017RentedRenewal
AED 105,000/yr12 months · AED 79 per sqft
9 May 2016RentedRenewal
AED 105,000/yr12 months · AED 79 per sqft
9 May 2015RentedNew contract
AED 105,000/yr12 months · AED 79 per sqft
9 May 2014RentedNew contract
AED 105,000/yr12 months · AED 79 per sqft
9 May 2013RentedNew contract
AED 100,000/yr12 months · AED 76 per sqft

Source: Dubai Land Department. Updated 10 May 2023.

Key facts

Type
2-bed apartment
Size
1,323 sqft
Floor
29th of 41
Parking
M137,M139
Developer
Dubai Properties
Completed
2007
Service charge
AED 24,300 /yr
Last sold
AED 1.18M · September 2007
Building
Shams 2

About 2901, Shams 2

2901 is a two-bedroom apartment of 1,323 sqft on the 29th floor of Shams 2, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 11 September 2007 for AED 1,175,000, or AED 888 per sqft, 12% above the AED 793 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, signed on 10 May 2023, is AED 95,000 a year: a gross yield of 8.1% on the 2007 price, before the service charge of about AED 24,300 a year.

Sales and rents for 2901 over time

Sales
Unit 2901, 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, September 2007: AED 1,175,000 (AED 888 per sqft)

2901 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2901, 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 2013: AED 100,000 a yearNew contract, May 2014: AED 105,000 a yearNew contract, May 2015: AED 105,000 a yearRenewal, May 2016: AED 105,000 a yearRenewal, May 2017: AED 105,000 a yearRenewal, May 2018: AED 105,000 a yearRenewal, May 2019: AED 100,000 a yearNew contract, May 2023: AED 95,000 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 2901 sits

All 103 2-beds →

2901 last sold in September 2007 at AED 888 per sqft, 12% above what two-beds in Shams 2 were fetching at the time (AED 793). 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. 2901's AED 95,000 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 29th floor

All 154 units in Shams 2
Value
29022-bedAED 1.99M · Mar 2008
29032-bedAED 1.18M · Jul 2007
29042-bedAED 1.75M · Apr 2016

2901, Shams 2 in numbers

  • Sold once: by Dubai Properties on 11 September 2007 for AED 1,175,000, or AED 888 per sqft.
  • Rented since May 2013 on 8 Ejari contracts, from AED 100,000 to AED 95,000 a year.
  • At AED 95,000 a year the gross yield on the 2007 price is 8.1%, 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 10 May 2023.

Questions about 2901, Shams 2

What did unit 2901 last sell for?

AED 1,175,000 on 11 September 2007, sold by the developer: AED 888 per sqft for 1,323 sqft. It is the only registered sale of the unit.

What is the rent for unit 2901?

AED 95,000 a year on the contract signed on 10 May 2023. The previous contract, from May 2019, was AED 100,000; the unit has been rented since May 2013.

How big is unit 2901?

1,323 sqft (122.9 sqm): a two-bedroom apartment on the 29th floor of a 41-storey tower completed in 2007.

What is unit 2901 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 2901, Shams 2

Starts from the last sale price (AED 1.18M, 11 September 2007). Switch to today's estimate once you have unlocked it.
Price
AED 1,175,000
Deposit, UAE resident (20%)
AED 235,000
Deposit, non-resident (40%)
AED 470,000
Monthly over 25 years at 3.7%
AED 4,807

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