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3-bed · 1,993 sqftShams 2, Jumeirah Beach Residence · completed 2007

UP-03, Shams 2

Sold prices and rental history: sold twice, last in October 2007, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit UP-03 · DLD and Ejari recordsUpdated 1 May 2022
Last soldAED 1.9M1 October 2007
Current rentAED 95K /yr1 May 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for UP-03, Shams 2

What is UP-03 worth today?

Last sold for AED 1,900,000 in 2007

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1 May 2022RentedRenewal
AED 95,000/yr13 months · AED 48 per sqft
1 May 2021RentedNew contract
AED 85,000/yr12 months · AED 43 per sqft
25 Jan 2020RentedNew contract
AED 95,000/yr12 months · AED 48 per sqft
1 Apr 2019RentedRenewal
AED 120,000/yr12 months · AED 60 per sqft
1 Apr 2018RentedRenewal
AED 138,000/yr12 months · AED 69 per sqft
1 Apr 2017RentedRenewal
AED 138,000/yr12 months · AED 69 per sqft
1 Apr 2016RentedRenewal
AED 133,000/yr12 months · AED 67 per sqft
1 Apr 2015RentedNew contract
AED 130,000/yr12 months · AED 65 per sqft

Source: Dubai Land Department. Updated 1 May 2022.

Key facts

Type
3-bed apartment
Size
1,993 sqft
Parking
B163,B164
Developer
Dubai Properties
Completed
2007
Service charge
AED 36,600 /yr
Last sold
AED 1.9M · October 2007
Building
Shams 2

About UP-03, Shams 2

UP-03 is a three-bedroom apartment of 1,993 sqft of Shams 2, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 1 October 2007 for AED 1,900,000, or AED 953 per sqft, 15% above the AED 831 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, renewed on 1 May 2022, is AED 95,000 a year: a gross yield of 5.0% on the 2007 price, before the service charge of about AED 36,600 a year.

Sales and rents for UP-03 over time

Sales
Unit UP-03, 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, September 2007: AED 1,560,000 (AED 782 per sqft)Sold, October 2007: AED 1,900,000 (AED 953 per sqft)

UP-03 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit UP-03, 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, April 2013: AED 100,000 a yearNew contract, April 2014: AED 110,000 a yearNew contract, April 2015: AED 130,000 a yearRenewal, April 2016: AED 133,000 a yearRenewal, April 2017: AED 138,000 a yearRenewal, April 2018: AED 138,000 a yearRenewal, April 2019: AED 120,000 a yearNew contract, January 2020: AED 95,000 a yearNew contract, May 2021: AED 85,000 a yearRenewal, May 2022: AED 95,000 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 UP-03 sits

All 44 3-beds →

UP-03 last sold in October 2007 at AED 953 per sqft, 15% 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. UP-03's AED 95,000 is at the bottom 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 →

UP-03, Shams 2 in numbers

  • Sold twice: first on 11 September 2007 for AED 1,560,000, last on 1 October 2007 for AED 1,900,000 (AED 953 per sqft).
  • Rented since April 2013 on 10 Ejari contracts. The rent fell from AED 100,000 to AED 85,000 in 2021 and recovered to AED 95,000 by May 2022.
  • At AED 95,000 a year the gross yield on the 2007 price is 5.0%, 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 1 May 2022.

Questions about UP-03, Shams 2

What did unit UP-03 last sell for?

AED 1,900,000 on 1 October 2007: AED 953 per sqft for 1,993 sqft. The unit has 2 registered sales; the first was AED 1,560,000 in September 2007.

What is the rent for unit UP-03?

AED 95,000 a year on the contract renewed on 1 May 2022. The previous contract, from May 2021, was AED 85,000; the unit has been rented since April 2013.

How big is unit UP-03?

1,993 sqft (185.2 sqm): a three-bedroom apartment of a 41-storey tower completed in 2007.

What is unit UP-03 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 UP-03, Shams 2

Starts from the last sale price (AED 1.9M, 1 October 2007). Switch to today's estimate once you have unlocked it.
Price
AED 1,900,000
Deposit, UAE resident (20%)
AED 380,000
Deposit, non-resident (40%)
AED 760,000
Monthly over 25 years at 3.7%
AED 7,773

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