504, Shams 2
Sold prices and rental history: sold twice, last in September 2007, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 504, Shams 2
What is 504 worth today?
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Source: Dubai Land Department. Updated 15 August 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 1,297 sqft
- Floor
- 5th of 41
- Parking
- B159
- Developer
- Dubai Properties
- Completed
- 2007
- Service charge
- AED 23,800 /yr
- Last sold
- AED 1.1M · September 2007
- Building
- Shams 2
About 504, Shams 2
504 is a one-bedroom apartment of 1,297 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 20 September 2007 for AED 1,100,000, or AED 847 per sqft, 7% above the AED 790 one-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 11 Ejari contracts. The current contract, renewed on 15 August 2024, is AED 96,600 a year: a gross yield of 8.8% on the 2007 price, before the service charge of about AED 23,800 a year.
Sales and rents for 504 over time
504 has sold twice; the dashed line is the one-bed median of each year in the building.
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 504 sits
All 9 1-beds →504 last sold in September 2007 at AED 847 per sqft, 7% above what one-beds in Shams 2 were fetching at the time (AED 790). 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. 504's AED 96,600 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 2 Oct 20262 October 2026 | 1,297 sqft | 2,000,000 | 1,541 | ||
| 30 Jan 202630 January 2026 | 1,297 sqft | 2,100,000 | 1,618 | ||
| 5 Mar 20245 March 2024 | 1,297 sqft | 1,533,000 | 1,181 | ||
| 26 Apr 202126 April 2021 | 1,986 sqft | 2,000,000 | 1,007 |
Shams 2
Building154 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%
Other units on the 5th floor
All 154 units in Shams 2504, Shams 2 in numbers
- Sold twice: first on 12 September 2007 for AED 1,025,000, last on 20 September 2007 for AED 1,100,000 (AED 847 per sqft).
- Rented since April 2015 on 11 Ejari contracts. The rent fell from AED 125,000 to AED 70,000 in 2020 and recovered to AED 96,600 by August 2024.
- At AED 96,600 a year the gross yield on the 2007 price is 8.8%, before a service charge of about AED 23,800 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 15 August 2024.
Questions about 504, Shams 2
What did unit 504 last sell for?
AED 1,100,000 on 20 September 2007: AED 847 per sqft for 1,297 sqft. The unit has 2 registered sales; the first was AED 1,025,000 in September 2007.
What is the rent for unit 504?
AED 96,600 a year on the contract renewed on 15 August 2024. The previous contract, from August 2024, was AED 96,600; the unit has been rented since April 2015.
How big is unit 504?
1,297 sqft (120.5 sqm): a one-bedroom apartment on the 5th floor of a 41-storey tower completed in 2007.
What is unit 504 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 504, Shams 2
Starts from the last sale price (AED 1.1M, 20 September 2007). Switch to today's estimate once you have unlocked it.- Price
- AED 1,100,000
- Deposit, UAE resident (20%)
- AED 220,000
- Deposit, non-resident (40%)
- AED 440,000
- Monthly over 25 years at 3.7%
- AED 4,500
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →