3-bed · 1,990 sqftShams 2, Jumeirah Beach Residence · 4th floor · completed 2007

401, Shams 2

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

Unit 401 · DLD and Ejari recordsUpdated 1 March 2022
Last soldAED 1.9M1 October 2007
Current rentAED 110K /yr1 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 401, Shams 2

What is 401 worth today?

Last sold for AED 1,900,000 in 2007

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1 Mar 2022RentedNew contract
AED 110,000/yr12 months · AED 55 per sqft
1 Apr 2017RentedNew contract
AED 195,400/yr24 months · AED 98 per sqft
12 Mar 2016RentedNew contract
AED 150,000/yr12 months · AED 75 per sqft
28 Feb 2014RentedNew contract
AED 110,000/yr12 months · AED 55 per sqft
28 Feb 2013RentedNew contract
AED 110,000/yr12 months · AED 55 per sqft
1 Oct 2007SoldReady
AED 1,900,000AED 954 per sqft
11 Sep 2007Sold by developerReady
AED 1,560,000AED 783 per sqft

Source: Dubai Land Department. Updated 1 March 2022.

Key facts

Type
3-bed apartment
Size
1,990 sqft
Floor
4th of 41
Parking
M45,M46
Developer
Dubai Properties
Completed
2007
Service charge
AED 36,600 /yr
Last sold
AED 1.9M · October 2007
Building
Shams 2

About 401, Shams 2

401 is a three-bedroom apartment of 1,990 sqft on the 4th floor of Shams 2, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 1 October 2007 for AED 1,900,000, or AED 954 per sqft, 15% above the AED 831 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, signed on 1 March 2022, is AED 110,000 a year: a gross yield of 5.8% on the 2007 price, before the service charge of about AED 36,600 a year.

Sales and rents for 401 over time

Sales
Unit 401, each saleTypical three-bed in Shams 2
2M2007201220172022Typical sale price by year: 2007 AED 1,655,000; 2008 AED 1,655,000; 2009 AED 2,123,338; 2012 AED 1,700,000; 2014 AED 2,690,000; 2022 AED 1,974,656; 2023 AED 2,140,000; 2025 AED 2,600,000Sold by developer, September 2007: AED 1,560,000 (AED 783 per sqft)Sold, October 2007: AED 1,900,000 (AED 954 per sqft)

401 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 401, each contractTypical three-bed in Shams 2
100K150K200K2012201620202024Typical rent by year: 2012 AED 120,000; 2013 AED 120,375; 2014 AED 145,000; 2015 AED 152,748; 2016 AED 150,000; 2017 AED 150,000; 2018 AED 138,000; 2019 AED 120,000; 2020 AED 95,000; 2021 AED 92,000; 2022 AED 122,666; 2023 AED 137,500; 2024 AED 152,500; 2025 AED 160,000; 2026 AED 147,000New contract, February 2013: AED 110,000 a yearNew contract, February 2014: AED 110,000 a yearNew contract, March 2016: AED 150,000 a yearNew contract, April 2017: AED 195,400 a yearNew contract, March 2022: AED 110,000 a year

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

3-beds in Shams 2, and where 401 sits

All 44 3-beds →

401 last sold in October 2007 at AED 954 per sqft, 15% above what three-beds in Shams 2 were fetching at the time (AED 831). Over the last 12 months three-beds sold for AED 2,430,000 to 2,744,446, around AED 1,306 per sqft, and rent for AED 95,000 to 200,000 a year. 401's AED 110,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
7 Oct 20262,744,446
1 Sep 20262,430,000
18 Nov 20252,600,000
1 Oct 20252,600,000
3 3-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 4th floor

All 154 units in Shams 2
Value
4021-bedAED 1.3M · Oct 2007
4033-bedAED 1.9M · Oct 2007
4041-bedAED 1M · Jan 2011

401, Shams 2 in numbers

  • Sold twice: first on 11 September 2007 for AED 1,560,000, last on 1 October 2007 for AED 1,900,000 (AED 954 per sqft).
  • Rented since February 2013 on 5 Ejari contracts, at AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2007 price is 5.8%, before a service charge of about AED 36,600 a year (AED 18.38 per sqft).
  • Three-beds in Shams 2 sold for AED 2,430,000–2,744,446 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 1 March 2022.

Questions about 401, Shams 2

What did unit 401 last sell for?

AED 1,900,000 on 1 October 2007: AED 954 per sqft for 1,990 sqft. The unit has 2 registered sales; the first was AED 1,560,000 in September 2007.

What is the rent for unit 401?

AED 110,000 a year on the contract signed on 1 March 2022. The previous contract, from April 2017, was AED 195,400; the unit has been rented since February 2013.

How big is unit 401?

1,990 sqft (184.9 sqm): a three-bedroom apartment on the 4th floor of a 41-storey tower completed in 2007.

What is unit 401 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Shams 2 sold for AED 2,430,000 to 2,744,446 in the last 12 months, around AED 1,306 per sqft.

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Mortgage on 401, Shams 2

Starts from the last sale price (AED 1.9M, 1 October 2007). Switch to today's estimate once you have unlocked it.
Price
AED 1,900,000
Deposit, UAE resident (20%)
AED 380,000
Deposit, non-resident (40%)
AED 760,000
Monthly over 25 years at 3.7%
AED 7,773

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