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3-bed · 1,991 sqftShams 2, Jumeirah Beach Residence · 7th floor · completed 2007

703, Shams 2

Sold prices and rental history: sold 3 times, last in May 2008, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 703 · DLD and Ejari recordsUpdated 15 October 2025
Last soldAED 2.35M18 May 2008
Current rentAED 180K /yr15 October 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 703, Shams 2

What is 703 worth today?

Last sold for AED 2,350,000 in 2008

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15 Oct 2025RentedNew contract
AED 180,000/yr12 months · AED 90 per sqft
1 Dec 2020RentedNew contract
AED 75,000/yr12 months · AED 38 per sqft
1 Oct 2019RentedRenewal
AED 115,000/yr6 months · AED 58 per sqft
1 Apr 2019RentedRenewal
AED 120,000/yr6 months · AED 60 per sqft
1 Jan 2019RentedRenewal
AED 120,000/yr3 months · AED 60 per sqft
1 Jul 2018RentedRenewal
AED 120,000/yr6 months · AED 60 per sqft
1 Jan 2018RentedRenewal
AED 120,000/yr6 months · AED 60 per sqft
1 Jul 2017RentedRenewal
AED 150,000/yr6 months · AED 75 per sqft

Source: Dubai Land Department. Updated 15 October 2025.

Key facts

Type
3-bed apartment
Size
1,991 sqft
Floor
7th of 41
Parking
M194,M195
Developer
Dubai Properties
Completed
2007
Service charge
AED 36,600 /yr
Last sold
AED 2.35M · May 2008
Building
Shams 2

About 703, Shams 2

703 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 18 May 2008 for AED 2,350,000, or AED 1,180 per sqft, 42% above the AED 831 three-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 15 Ejari contracts. The current contract, signed on 15 October 2025, is AED 180,000 a year: a gross yield of 7.7% on the 2008 price, before the service charge of about AED 36,600 a year.

Sales and rents for 703 over time

Sales
Unit 703, 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, January 2008: AED 1,560,000 (AED 783 per sqft)Sold, February 2008: AED 1,950,000 (AED 979 per sqft)Sold, May 2008: AED 2,350,000 (AED 1,180 per sqft)

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

Rents
Unit 703, 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, December 2012: AED 120,000 a yearRenewal, December 2013: AED 140,000 a yearRenewal, December 2014: AED 145,714 a yearRenewal, July 2015: AED 170,000 a yearRenewal, January 2016: AED 162,000 a yearRenewal, July 2016: AED 162,000 a yearRenewal, January 2017: AED 154,000 a yearRenewal, July 2017: AED 150,000 a yearRenewal, January 2018: AED 120,000 a yearRenewal, July 2018: AED 120,000 a yearRenewal, January 2019: AED 120,000 a yearRenewal, April 2019: AED 120,000 a yearRenewal, October 2019: AED 115,000 a yearNew contract, December 2020: AED 75,000 a yearNew contract, October 2025: 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 703 sits

All 44 3-beds →

703 last sold in May 2008 at AED 1,180 per sqft, 42% 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. 703'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 7th floor

All 154 units in Shams 2
Value
7013-bedAED 1.11M · Sep 2013
7022-bedAED 990K · Jan 2008
7042-bedAED 1.08M · Jan 2012

703, Shams 2 in numbers

  • Sold 3 times: first on 27 January 2008 for AED 1,560,000, last on 18 May 2008 for AED 2,350,000 (AED 1,180 per sqft).
  • Rented since December 2012 on 15 Ejari contracts. The rent fell from AED 120,000 to AED 75,000 in 2020 and recovered to AED 180,000 by October 2025.
  • At AED 180,000 a year the gross yield on the 2008 price is 7.7%, 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 October 2025.

Questions about 703, Shams 2

What did unit 703 last sell for?

AED 2,350,000 on 18 May 2008: AED 1,180 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 703?

AED 180,000 a year on the contract signed on 15 October 2025. The previous contract, from December 2020, was AED 75,000; the unit has been rented since December 2012.

How big is unit 703?

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 703 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 703, Shams 2

Starts from the last sale price (AED 2.35M, 18 May 2008). Switch to today's estimate once you have unlocked it.
Price
AED 2,350,000
Deposit, UAE resident (20%)
AED 470,000
Deposit, non-resident (40%)
AED 940,000
Monthly over 25 years at 3.7%
AED 9,615

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