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1-bed · 1,986 sqftShams 2, Jumeirah Beach Residence · 40th floor · completed 2007

4002, Shams 2

Sold prices and rental history: sold 4 times, last in April 2021, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4002 · DLD and Ejari recordsUpdated 25 May 2021
Last soldAED 2M26 April 2021
Current rentAED 210K /yr25 May 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 4002, Shams 2

What is 4002 worth today?

Last sold for AED 2,000,000 in 2021

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25 May 2021RentedNew contract
AED 210,000/yr12 months · AED 106 per sqft
26 Apr 2021SoldReady
AED 2,000,000AED 1,007 per sqft
29 Sep 2020SoldReady
AED 1,398,000AED 703 per sqft
10 Jan 2020RentedNew contract
AED 100,000/yr12 months · AED 50 per sqft
25 Sep 2017RentedNew contract
AED 160,000/yr12 months · AED 80 per sqft
1 Dec 2008SoldReady
AED 2,000,000AED 1,007 per sqft
21 Oct 2008Sold by developerReady
AED 1,735,000AED 873 per sqft

Source: Dubai Land Department. Updated 25 May 2021.

Key facts

Type
1-bed apartment
Size
1,986 sqft
Floor
40th of 41
Parking
G170,G171
Developer
Dubai Properties
Completed
2007
Service charge
AED 36,500 /yr
Last sold
AED 2M · April 2021
Building
Shams 2

About 4002, Shams 2

4002 is a one-bedroom apartment of 1,986 sqft on the 40th floor of Shams 2, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 26 April 2021 for AED 2,000,000, or AED 1,007 per sqft.

It has been rented since 2017 on 3 Ejari contracts. The current contract, signed on 25 May 2021, is AED 210,000 a year: a gross yield of 10.5% on the 2021 price, before the service charge of about AED 36,500 a year.

Sales and rents for 4002 over time

Sales
Unit 4002, each saleTypical one-bed in Shams 2
1M1.5M2M2007201120152019Typical sale price by year: 2007 AED 1,062,500; 2008 AED 1,847,500Sold by developer, October 2008: AED 1,735,000 (AED 873 per sqft)Sold, December 2008: AED 2,000,000 (AED 1,007 per sqft)Sold, September 2020: AED 1,398,000 (AED 703 per sqft)Sold, April 2021: AED 2,000,000 (AED 1,007 per sqft)

4002 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 4002, each contractTypical one-bed in Shams 2
100K200K2013201720212025Typical rent by year: 2013 AED 180,000; 2014 AED 120,000; 2015 AED 130,000; 2016 AED 117,500; 2017 AED 110,000; 2018 AED 105,000; 2019 AED 82,000; 2020 AED 82,000; 2021 AED 76,000; 2022 AED 92,000; 2023 AED 91,000; 2024 AED 96,600; 2025 AED 131,250New contract, September 2017: AED 160,000 a yearNew contract, January 2020: AED 100,000 a yearNew contract, May 2021: AED 210,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Shams 2, and where 4002 sits

All 9 1-beds →

Over the last 12 months one-beds sold for AED 2,000,000 to 2,100,000, around AED 1,580 per sqft, and rent for AED 85,000 to 242,000 a year. 4002's AED 210,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
2 Oct 20262,000,000
30 Jan 20262,100,000
5 Mar 20241,533,000
9 May 20161,380,000
2 1-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 40th floor

All 154 units in Shams 2
Value
40031-bedAED 1.96M · Apr 2008
40041-bedAED 1.96M · Apr 2008

4002, Shams 2 in numbers

  • Sold 4 times: first on 21 October 2008 for AED 1,735,000, last on 26 April 2021 for AED 2,000,000 (AED 1,007 per sqft).
  • Rented since September 2017 on 3 Ejari contracts. The rent fell from AED 160,000 to AED 100,000 in 2020 and recovered to AED 210,000 by May 2021.
  • At AED 210,000 a year the gross yield on the 2021 price is 10.5%, before a service charge of about AED 36,500 a year (AED 18.38 per sqft).
  • One-beds in Shams 2 sold for AED 2,000,000–2,100,000 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 25 May 2021.

Questions about 4002, Shams 2

What did unit 4002 last sell for?

AED 2,000,000 on 26 April 2021: AED 1,007 per sqft for 1,986 sqft. The unit has 4 registered sales; the first was AED 1,735,000 in October 2008.

What is the rent for unit 4002?

AED 210,000 a year on the contract signed on 25 May 2021. The previous contract, from January 2020, was AED 100,000; the unit has been rented since September 2017.

How big is unit 4002?

1,986 sqft (184.5 sqm): a one-bedroom apartment on the 40th floor of a 41-storey tower completed in 2007.

What is unit 4002 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Shams 2 sold for AED 2,000,000 to 2,100,000 in the last 12 months, around AED 1,580 per sqft.

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Mortgage on 4002, Shams 2

Starts from the last sale price (AED 2M, 26 April 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

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