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2-bed · 1,397 sqftShams 2, Jumeirah Beach Residence · completed 2007

UP-04, Shams 2

Sold prices and rental history: sold twice, last in October 2007, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit UP-04 · DLD and Ejari recordsUpdated 1 February 2025
Last soldAED 1.4M2 October 2007
Current rentAED 114K /yr1 February 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow UP-04

Property timeline for UP-04, Shams 2

What is UP-04 worth today?

Last sold for AED 1,400,000 in 2007

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1 Feb 2025RentedRenewal
AED 113,850/yr12 months · AED 82 per sqft
1 Feb 2024RentedRenewal
AED 103,500/yr12 months · AED 74 per sqft
1 Feb 2023RentedRenewal
AED 90,000/yr12 months · AED 64 per sqft
1 Feb 2022RentedRenewal
AED 75,000/yr12 months · AED 54 per sqft
1 Jan 2021RentedRenewal
AED 68,000/yr13 months · AED 49 per sqft
1 Jan 2019RentedRenewal
AED 100,000/yr12 months · AED 71 per sqft
1 Jan 2018RentedRenewal
AED 110,000/yr12 months · AED 79 per sqft
1 Jan 2017RentedRenewal
AED 120,000/yr12 months · AED 86 per sqft

Source: Dubai Land Department. Updated 1 February 2025.

Key facts

Type
2-bed apartment
Size
1,397 sqft
Parking
B191
Developer
Dubai Properties
Completed
2007
Service charge
AED 25,700 /yr
Last sold
AED 1.4M · October 2007
Building
Shams 2

About UP-04, Shams 2

UP-04 is a two-bedroom apartment of 1,397 sqft of Shams 2, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 2 October 2007 for AED 1,400,000, or AED 1,002 per sqft, 23% above the AED 814 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 11 Ejari contracts. The current contract, renewed on 1 February 2025, is AED 113,850 a year: a gross yield of 8.1% on the 2007 price, before the service charge of about AED 25,700 a year.

Sales and rents for UP-04 over time

Sales
Unit UP-04, each saleTypical two-bed in Shams 2
1M2M20072012201720222027Typical sale price by year: 2007 AED 1,075,000; 2008 AED 1,650,000; 2009 AED 1,300,000; 2010 AED 1,175,000; 2011 AED 1,200,000; 2012 AED 1,440,000; 2013 AED 1,700,000; 2014 AED 2,200,000; 2015 AED 1,850,000; 2017 AED 1,870,000; 2018 AED 1,575,000; 2019 AED 1,400,000; 2020 AED 1,075,000; 2021 AED 1,350,000; 2022 AED 1,650,000; 2023 AED 2,000,000; 2024 AED 2,180,000; 2025 AED 2,300,000; 2026 AED 2,400,000Sold by developer, September 2007: AED 1,075,000 (AED 769 per sqft)Sold, October 2007: AED 1,400,000 (AED 1,002 per sqft)

UP-04 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit UP-04, each contractTypical two-bed in Shams 2
100K2012201620202024Typical rent by year: 2012 AED 115,000; 2013 AED 115,000; 2014 AED 133,313; 2015 AED 135,000; 2016 AED 130,000; 2017 AED 125,000; 2018 AED 115,000; 2019 AED 100,000; 2020 AED 80,000; 2021 AED 80,000; 2022 AED 100,000; 2023 AED 105,000; 2024 AED 126,500; 2025 AED 135,596; 2026 AED 125,875New contract, April 2014: AED 77,100 a yearNew contract, August 2014: AED 80,000 a yearRenewal, January 2016: AED 120,000 a yearRenewal, January 2017: AED 120,000 a yearRenewal, January 2018: AED 110,000 a yearRenewal, January 2019: AED 100,000 a yearRenewal, January 2021: AED 68,000 a yearRenewal, February 2022: AED 75,000 a yearRenewal, February 2023: AED 90,000 a yearRenewal, February 2024: AED 103,500 a yearRenewal, February 2025: AED 113,850 a year

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 UP-04 sits

All 103 2-beds →

UP-04 last sold in October 2007 at AED 1,002 per sqft, 23% above what two-beds in Shams 2 were fetching at the time (AED 814). 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. UP-04's AED 113,850 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
3 Nov 20261,925,000
2 Nov 20262,500,000
16 Oct 20261,750,000
22 Sep 20262,500,000
11 2-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-04, Shams 2 in numbers

  • Sold twice: first on 11 September 2007 for AED 1,075,000, last on 2 October 2007 for AED 1,400,000 (AED 1,002 per sqft).
  • Rented since April 2014 on 11 Ejari contracts. The rent fell from AED 77,100 to AED 68,000 in 2021 and recovered to AED 113,850 by February 2025.
  • At AED 113,850 a year the gross yield on the 2007 price is 8.1%, before a service charge of about AED 25,700 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 February 2025.

Questions about UP-04, Shams 2

What did unit UP-04 last sell for?

AED 1,400,000 on 2 October 2007: AED 1,002 per sqft for 1,397 sqft. The unit has 2 registered sales; the first was AED 1,075,000 in September 2007.

What is the rent for unit UP-04?

AED 113,850 a year on the contract renewed on 1 February 2025. The previous contract, from February 2024, was AED 103,500; the unit has been rented since April 2014.

How big is unit UP-04?

1,397 sqft (129.8 sqm): a two-bedroom apartment of a 41-storey tower completed in 2007.

What is unit UP-04 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 UP-04, Shams 2

Starts from the last sale price (AED 1.4M, 2 October 2007). Switch to today's estimate once you have unlocked it.
Price
AED 1,400,000
Deposit, UAE resident (20%)
AED 280,000
Deposit, non-resident (40%)
AED 560,000
Monthly over 25 years at 3.7%
AED 5,728

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