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3-bed · 1,990 sqftShams 2, Jumeirah Beach Residence · 5th floor · completed 2007

501, Shams 2

Sold prices and rental history: sold 3 times, last in February 2018, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 501 · DLD and Ejari recordsUpdated 22 February 2018
Last soldAED 1M22 February 2018
Current rentAED 180K /yr7 March 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 501, Shams 2

What is 501 worth today?

Last sold for AED 1,000,000 in 2018

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22 Feb 2018SoldReady
AED 1,000,000AED 502 per sqft
7 Mar 2015RentedNew contract
AED 180,000/yr12 months · AED 90 per sqft
14 Aug 2013RentedNew contract
AED 125,000/yr12 months · AED 63 per sqft
2 Mar 2008SoldReady
AED 1,350,000AED 678 per sqft
27 Jan 2008Sold by developerReady
AED 1,560,000AED 783 per sqft

Source: Dubai Land Department. Updated 22 February 2018.

Key facts

Type
3-bed apartment
Size
1,990 sqft
Floor
5th of 41
Parking
M183,M184
Developer
Dubai Properties
Completed
2007
Service charge
AED 36,600 /yr
Last sold
AED 1M · February 2018
Building
Shams 2

About 501, Shams 2

501 is a three-bedroom apartment of 1,990 sqft on the 5th floor of Shams 2, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 22 February 2018 for AED 1,000,000, or AED 502 per sqft, 50% below the AED 1,004 three-beds in the building were fetching at the time.

It has been rented since 2013 on 2 Ejari contracts. The current contract, signed on 7 March 2015, is AED 180,000 a year: a gross yield of 18.0% on the 2018 price, before the service charge of about AED 36,600 a year.

Sales and rents for 501 over time

Sales
Unit 501, each saleTypical three-bed in Shams 2
1M2M2007201220172022Typical 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, January 2008: AED 1,560,000 (AED 783 per sqft)Sold, March 2008: AED 1,350,000 (AED 678 per sqft)Sold, February 2018: AED 1,000,000 (AED 502 per sqft)

501 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 501, each contractTypical three-bed in Shams 2
100K150K2012201620202024Typical 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, August 2013: AED 125,000 a yearNew contract, March 2015: AED 180,000 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 501 sits

All 44 3-beds →

501 last sold in February 2018 at AED 502 per sqft, 50% below what three-beds in Shams 2 were fetching at the time (AED 1,004). 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. 501's AED 180,000 is in the upper 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 5th floor

All 154 units in Shams 2
Value
5021-bedAED 2.1M · Jan 2026
5033-bedAED 1.4M · Nov 2009
5041-bedAED 1.1M · Sep 2007

501, Shams 2 in numbers

  • Sold 3 times: first on 27 January 2008 for AED 1,560,000, last on 22 February 2018 for AED 1,000,000 (AED 502 per sqft).
  • Rented since August 2013 on 2 Ejari contracts, from AED 125,000 to AED 180,000 a year.
  • At AED 180,000 a year the gross yield on the 2018 price is 18.0%, 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 22 February 2018.

Questions about 501, Shams 2

What did unit 501 last sell for?

AED 1,000,000 on 22 February 2018: AED 502 per sqft for 1,990 sqft. The unit has 3 registered sales; the first was AED 1,560,000 in January 2008.

What is the rent for unit 501?

AED 180,000 a year on the contract signed on 7 March 2015. The previous contract, from August 2013, was AED 125,000.

How big is unit 501?

1,990 sqft (184.9 sqm): a three-bedroom apartment on the 5th floor of a 41-storey tower completed in 2007.

What is unit 501 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 501, Shams 2

Starts from the last sale price (AED 1M, 22 February 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,000,000
Deposit, UAE resident (20%)
AED 200,000
Deposit, non-resident (40%)
AED 400,000
Monthly over 25 years at 3.7%
AED 4,091

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