701, Shams 2
Sold prices and rental history: sold 3 times, last in September 2013, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 701, Shams 2
What is 701 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 15 March 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 1,991 sqft
- Floor
- 7th of 41
- Parking
- M192,M193
- Developer
- Dubai Properties
- Completed
- 2007
- Service charge
- AED 36,600 /yr
- Last sold
- AED 1.11M · September 2013
- Building
- Shams 2
About 701, Shams 2
701 is a three-bedroom apartment of 1,991 sqft on the 7th floor of Shams 2, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 9 September 2013 for AED 1,112,500, or AED 558 per sqft, 24% below the AED 731 three-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 6 Ejari contracts. The current contract, renewed on 15 March 2025, is AED 161,000 a year: a gross yield of 14.5% on the 2013 price, before the service charge of about AED 36,600 a year.
Sales and rents for 701 over time
701 has sold 3 times; the dashed line is the three-bed median of each year in the building.
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 701 sits
All 44 3-beds →701 last sold in September 2013 at AED 558 per sqft, 24% below what three-beds in Shams 2 were fetching at the time (AED 731). 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. 701's AED 161,000 is in the upper half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Oct 20267 October 2026 | 1,991 sqft | 2,744,446 | 1,378 | ||
| 1 Sep 20261 September 2026 | 1,991 sqft | 2,430,000 | 1,220 | ||
| 18 Nov 202518 November 2025 | 1,991 sqft | 2,600,000 | 1,306 | ||
| 1 Oct 20251 October 2025 | 1,991 sqft | 2,600,000 | 1,306 |
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 7th floor
All 154 units in Shams 2701, Shams 2 in numbers
- Sold 3 times: first on 27 January 2008 for AED 1,560,000, last on 9 September 2013 for AED 1,112,500 (AED 558 per sqft).
- Rented since June 2021 on 6 Ejari contracts, from AED 110,000 to AED 161,000 a year.
- At AED 161,000 a year the gross yield on the 2013 price is 14.5%, 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 15 March 2025.
Questions about 701, Shams 2
What did unit 701 last sell for?
AED 1,112,500 on 9 September 2013: AED 558 per sqft for 1,991 sqft. The unit has 3 registered sales; the first was AED 1,560,000 in January 2008.
What is the rent for unit 701?
AED 161,000 a year on the contract renewed on 15 March 2025. The previous contract, from March 2025, was AED 161,000; the unit has been rented since June 2021.
How big is unit 701?
1,991 sqft (185.0 sqm): a three-bedroom apartment on the 7th floor of a 41-storey tower completed in 2007.
What is unit 701 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.
Selling 701? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 701, Shams 2
Starts from the last sale price (AED 1.11M, 9 September 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 1,112,500
- Deposit, UAE resident (20%)
- AED 222,500
- Deposit, non-resident (40%)
- AED 445,000
- Monthly over 25 years at 3.7%
- AED 4,552
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →