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2-bed · 1,323 sqftShams 2, Jumeirah Beach Residence · 31st floor · completed 2007

3103, Shams 2

Sold prices and rental history: sold 5 times, last in May 2022, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3103 · DLD and Ejari recordsUpdated 10 May 2022
Last soldAED 2.15M10 May 2022
Current rentAED 130K /yr23 October 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 3103, Shams 2

What is 3103 worth today?

Last sold for AED 2,150,000 in 2022

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10 May 2022SoldReady
AED 2,150,000AED 1,625 per sqft
5 Jul 2018SoldReady
AED 1,750,000AED 1,322 per sqft
23 Oct 2017RentedRenewal
AED 130,000/yr12 months · AED 98 per sqft
23 Oct 2016RentedNew contract
AED 130,000/yr12 months · AED 98 per sqft
14 Aug 2016RentedNew contract
AED 130,000/yr12 months · AED 98 per sqft
30 Jun 2015RentedNew contract
AED 130,000/yr12 months · AED 98 per sqft
10 Jun 2014RentedNew contract · flagged as an outlier
AED 1,000,000/yr15 months · AED 755 per sqft
10 Mar 2014SoldReady
AED 2,500,000AED 1,889 per sqft

Source: Dubai Land Department. Updated 10 May 2022.

Key facts

Type
2-bed apartment
Size
1,323 sqft
Floor
31st of 41
Parking
M167
Developer
Dubai Properties
Completed
2007
Service charge
AED 24,300 /yr
Last sold
AED 2.15M · May 2022
Building
Shams 2

About 3103, Shams 2

3103 is a two-bedroom apartment of 1,323 sqft on the 31st floor of Shams 2, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 10 May 2022 for AED 2,150,000, or AED 1,625 per sqft, 50% above the AED 1,085 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, renewed on 23 October 2017, is AED 130,000 a year: a gross yield of 6.0% on the 2022 price, before the service charge of about AED 24,300 a year.

Sales and rents for 3103 over time

Sales
Unit 3103, 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, December 2010: AED 1,175,000 (AED 888 per sqft)Sold, January 2011: AED 1,430,000 (AED 1,081 per sqft)Sold, March 2014: AED 2,500,000 (AED 1,889 per sqft)Sold, July 2018: AED 1,750,000 (AED 1,322 per sqft)Sold, May 2022: AED 2,150,000 (AED 1,625 per sqft)

3103 has sold 5 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3103, 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, June 2015: AED 130,000 a yearNew contract, August 2016: AED 130,000 a yearNew contract, October 2016: AED 130,000 a yearRenewal, October 2017: AED 130,000 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 3103 sits

All 103 2-beds →

3103 last sold in May 2022 at AED 1,625 per sqft, 50% above what two-beds in Shams 2 were fetching at the time (AED 1,085). 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. 3103's AED 130,000 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 31st floor

All 154 units in Shams 2
Value
31012-bedAED 1.18M · Dec 2013
31022-bedAED 1.05M · Apr 2009
31042-bedAED 1.6M · Sep 2007

3103, Shams 2 in numbers

  • Sold 5 times: first on 6 December 2010 for AED 1,175,000, last on 10 May 2022 for AED 2,150,000 (AED 1,625 per sqft).
  • Rented since June 2014 on 5 Ejari contracts, from AED 1,000,000 to AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2022 price is 6.0%, 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 2022.

Questions about 3103, Shams 2

What did unit 3103 last sell for?

AED 2,150,000 on 10 May 2022: AED 1,625 per sqft for 1,323 sqft. The unit has 5 registered sales; the first was AED 1,175,000 in December 2010.

What is the rent for unit 3103?

AED 130,000 a year on the contract renewed on 23 October 2017. The previous contract, from October 2016, was AED 130,000; the unit has been rented since June 2014.

How big is unit 3103?

1,323 sqft (122.9 sqm): a two-bedroom apartment on the 31st floor of a 41-storey tower completed in 2007.

What is unit 3103 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 3103, Shams 2

Starts from the last sale price (AED 2.15M, 10 May 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,150,000
Deposit, UAE resident (20%)
AED 430,000
Deposit, non-resident (40%)
AED 860,000
Monthly over 25 years at 3.7%
AED 8,796

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