2-bed · 1,178 sqftShams 4, Jumeirah Beach Residence · 29th floor · completed 2007

2903, Shams 4

Sold prices and rental history: sold once, by the developer in June 2014, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2903 · DLD and Ejari recordsUpdated 1 May 2024
Last soldAED 1.98M30 June 2014
Current rentAED 110K /yr1 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2903, Shams 4

What is 2903 worth today?

Last sold for AED 1,980,000 in 2014

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1 May 2024RentedNew contract
AED 110,024/yr12 months · AED 94 per sqft
1 May 2021RentedNew contract
AED 87,000/yr12 months · AED 74 per sqft
7 Mar 2020RentedRenewal
AED 115,000/yr12 months · AED 98 per sqft
7 Mar 2019RentedNew contract
AED 120,000/yr12 months · AED 102 per sqft
1 Jan 2018RentedNew contract
AED 130,000/yr12 months · AED 111 per sqft
7 Nov 2016RentedRenewal
AED 135,000/yr12 months · AED 115 per sqft
7 Nov 2015RentedNew contract
AED 135,000/yr12 months · AED 115 per sqft
21 Oct 2014RentedNew contract
AED 150,000/yr12 months · AED 128 per sqft

Source: Dubai Land Department. Updated 1 May 2024.

Key facts

Type
2-bed apartment
Size
1,178 sqft
Floor
29th of 41
Parking
M151
Developer
Dubai Properties
Completed
2007
Service charge
AED 19,600 /yr
Last sold
AED 1.98M · June 2014
Building
Shams 4

About 2903, Shams 4

2903 is a two-bedroom apartment of 1,178 sqft on the 29th floor of Shams 4, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 30 June 2014 for AED 1,980,000, or AED 1,680 per sqft, 3% above the AED 1,627 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, signed on 1 May 2024, is AED 110,024 a year: a gross yield of 5.6% on the 2014 price, before the service charge of about AED 19,600 a year.

Sales and rents for 2903 over time

Sales
Unit 2903, each saleTypical two-bed in Shams 4
1M2M3M2008201320182023Typical sale price by year: 2008 AED 1,950,000; 2009 AED 1,787,022; 2010 AED 1,443,390; 2011 AED 1,740,000; 2012 AED 1,675,000; 2013 AED 1,792,500; 2014 AED 2,215,000; 2015 AED 2,043,000; 2016 AED 1,825,000; 2017 AED 1,812,500; 2018 AED 1,630,000; 2019 AED 1,300,000; 2020 AED 1,111,111; 2021 AED 1,552,500; 2022 AED 1,821,070; 2023 AED 2,025,000; 2024 AED 2,300,000; 2025 AED 1,850,000; 2026 AED 2,800,000Sold by developer, June 2014: AED 1,980,000 (AED 1,680 per sqft)

2903 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2903, each contractTypical two-bed in Shams 4
100K150K2012201620202024Typical rent by year: 2012 AED 95,000; 2013 AED 120,250; 2014 AED 125,000; 2015 AED 131,625; 2016 AED 130,726; 2017 AED 128,000; 2018 AED 120,000; 2019 AED 106,000; 2020 AED 90,000; 2021 AED 87,000; 2022 AED 110,000; 2023 AED 125,000; 2024 AED 130,000; 2025 AED 132,500; 2026 AED 131,079New contract, October 2014: AED 150,000 a yearNew contract, November 2015: AED 135,000 a yearRenewal, November 2016: AED 135,000 a yearNew contract, January 2018: AED 130,000 a yearNew contract, March 2019: AED 120,000 a yearRenewal, March 2020: AED 115,000 a yearNew contract, May 2021: AED 87,000 a yearNew contract, May 2024: AED 110,024 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 4, and where 2903 sits

All 108 2-beds →

2903 last sold in June 2014 at AED 1,680 per sqft, 3% above what two-beds in Shams 4 were fetching at the time (AED 1,627). Over the last 12 months two-beds sold for AED 1,800,000 to 3,100,000, around AED 1,846 per sqft, and rent for AED 95,000 to 200,000 a year. 2903's AED 110,024 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
12 May 20263,000,000
1 May 20262,600,000
26 Mar 20262,380,000
24 Feb 20263,100,000
6 2-bed sales in the last 12 months

Shams 4

Building

225 apartments, 1-bed to 4-bed over 41 floors in Jumeirah Beach Residence, completed in 2007 by Dubai Properties. 12 sold in the last 12 months.

Typical price per sqft
AED 1,679 Down 1.4%
Typical sale
AED 2.98M
Typical rent
AED 130K /yr
Typical yield
5.2%
Shams 4, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 29th floor

All 225 units in Shams 4
Value
29012-bedAED 2.85M · Jan 2024
29022-bedAED 1.8M · Oct 2022
29042-bedAED 1M · Sep 2019
29052-bedAED 1.93M · Dec 2008
29062-bedAED 1.4M · Nov 2019

2903, Shams 4 in numbers

  • Sold once: by Dubai Properties on 30 June 2014 for AED 1,980,000, or AED 1,680 per sqft.
  • Rented since October 2014 on 8 Ejari contracts. The rent fell from AED 150,000 to AED 87,000 in 2021 and recovered to AED 110,024 by May 2024.
  • At AED 110,024 a year the gross yield on the 2014 price is 5.6%, before a service charge of about AED 19,600 a year (AED 16.65 per sqft).
  • Two-beds in Shams 4 sold for AED 1,800,000–3,100,000 in the 12 months to November 2026; the building's median across all types is AED 1,679 per sqft.

Source: Dubai Land Department. Updated 1 May 2024.

Questions about 2903, Shams 4

What did unit 2903 last sell for?

AED 1,980,000 on 30 June 2014, sold by the developer: AED 1,680 per sqft for 1,178 sqft. It is the only registered sale of the unit.

What is the rent for unit 2903?

AED 110,024 a year on the contract signed on 1 May 2024. The previous contract, from May 2021, was AED 87,000; the unit has been rented since October 2014.

How big is unit 2903?

1,178 sqft (109.4 sqm): a two-bedroom apartment on the 29th floor of a 41-storey tower completed in 2007.

What is unit 2903 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Shams 4 sold for AED 1,800,000 to 3,100,000 in the last 12 months, around AED 1,846 per sqft.

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Mortgage on 2903, Shams 4

Starts from the last sale price (AED 1.98M, 30 June 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,980,000
Deposit, UAE resident (20%)
AED 396,000
Deposit, non-resident (40%)
AED 792,000
Monthly over 25 years at 3.7%
AED 8,101

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