704, Shams 2
Sold prices and rental history: sold 3 times, last in January 2012, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 704, Shams 2
What is 704 worth today?
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Source: Dubai Land Department. Updated 1 June 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,289 sqft
- Floor
- 7th of 41
- Parking
- B155
- Developer
- Dubai Properties
- Completed
- 2007
- Service charge
- AED 23,700 /yr
- Last sold
- AED 1.08M · January 2012
- Building
- Shams 2
About 704, Shams 2
704 is a two-bedroom apartment of 1,289 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 19 January 2012 for AED 1,080,000, or AED 837 per sqft, 8% below the AED 906 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, signed on 1 June 2022, is AED 36,000 a year: a gross yield of 3.3% on the 2012 price, before the service charge of about AED 23,700 a year.
Sales and rents for 704 over time
704 has sold 3 times; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Shams 2, and where 704 sits
All 103 2-beds →704 last sold in January 2012 at AED 837 per sqft, 8% below what two-beds in Shams 2 were fetching at the time (AED 906). Over the last 12 months two-beds sold for AED 1,750,000 to 2,850,000, around AED 1,861 per sqft, and rent for AED 100,000 to 250,000 a year. 704's AED 36,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Nov 20263 November 2026 | 1,323 sqft | 1,925,000 | 1,454 | ||
| 2 Nov 20262 November 2026 | 1,323 sqft | 2,500,000 | 1,889 | ||
| 16 Oct 202616 October 2026 | 1,289 sqft | 1,750,000 | 1,357 | ||
| 22 Sep 202622 September 2026 | 1,323 sqft | 2,500,000 | 1,889 |
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 2704, Shams 2 in numbers
- Sold 3 times: first on 15 November 2007 for AED 990,000, last on 19 January 2012 for AED 1,080,000 (AED 837 per sqft).
- Rented since February 2014 on 5 Ejari contracts, from AED 48,129 to AED 36,000 a year.
- At AED 36,000 a year the gross yield on the 2012 price is 3.3%, before a service charge of about AED 23,700 a year (AED 18.38 per sqft).
- Two-beds in Shams 2 sold for AED 1,750,000–2,850,000 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 1 June 2022.
Questions about 704, Shams 2
What did unit 704 last sell for?
AED 1,080,000 on 19 January 2012: AED 837 per sqft for 1,289 sqft. The unit has 3 registered sales; the first was AED 990,000 in November 2007.
What is the rent for unit 704?
AED 36,000 a year on the contract signed on 1 June 2022. The previous contract, from August 2020, was AED 82,000; the unit has been rented since February 2014.
How big is unit 704?
1,289 sqft (119.8 sqm): a two-bedroom apartment on the 7th floor of a 41-storey tower completed in 2007.
What is unit 704 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Shams 2 sold for AED 1,750,000 to 2,850,000 in the last 12 months, around AED 1,861 per sqft.
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Mortgage on 704, Shams 2
Starts from the last sale price (AED 1.08M, 19 January 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 1,080,000
- Deposit, UAE resident (20%)
- AED 216,000
- Deposit, non-resident (40%)
- AED 432,000
- Monthly over 25 years at 3.7%
- AED 4,419
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →