2-bed · 1,188 sqftShams 4, Jumeirah Beach Residence · 37th floor · completed 2007

3703, Shams 4

Sold prices and rental history: sold 3 times, last in March 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3703 · DLD and Ejari recordsUpdated 2 March 2023
Last soldAED 2.38M2 March 2023
Current rentAED 110K /yr15 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3703, Shams 4

What is 3703 worth today?

Last sold for AED 2,375,000 in 2023

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2 Mar 2023SoldReady
AED 2,375,000AED 1,998 per sqft
15 Aug 2022RentedRenewal
AED 110,000/yr12 months · AED 93 per sqft
15 Aug 2021RentedRenewal
AED 105,000/yr12 months · AED 89 per sqft
15 Aug 2020RentedRenewal
AED 105,000/yr12 months · AED 89 per sqft
15 Aug 2019RentedNew contract
AED 115,000/yr12 months · AED 97 per sqft
20 Mar 2019RentedNew contract
AED 120,000/yr12 months · AED 101 per sqft
1 Nov 2018RentedNew contract
AED 120,000/yr12 months · AED 101 per sqft
29 Apr 2017RentedRenewal
AED 180,000/yr12 months · AED 152 per sqft

Source: Dubai Land Department. Updated 2 March 2023.

Key facts

Type
2-bed apartment
Size
1,188 sqft
Floor
37th of 41
Parking
M292
Developer
Dubai Properties
Completed
2007
Service charge
AED 19,800 /yr
Last sold
AED 2.38M · March 2023
Building
Shams 4

About 3703, Shams 4

3703 is a two-bedroom apartment of 1,188 sqft on the 37th floor of Shams 4, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 2 March 2023 for AED 2,375,000, or AED 1,998 per sqft, 60% above the AED 1,247 two-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 15 August 2022, is AED 110,000 a year: a gross yield of 4.6% on the 2023 price, before the service charge of about AED 19,800 a year.

Sales and rents for 3703 over time

Sales
Unit 3703, each saleTypical two-bed in Shams 4
2M2008201320182023Typical 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 2008: AED 1,113,450 (AED 936 per sqft)Sold, September 2008: AED 3,430,991 (AED 2,887 per sqft)Sold, March 2023: AED 2,375,000 (AED 1,998 per sqft)

3703 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3703, 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, February 2013: AED 140,000 a yearNew contract, July 2014: AED 175,000 a yearNew contract, April 2016: AED 180,000 a yearRenewal, April 2017: AED 180,000 a yearNew contract, November 2018: AED 120,000 a yearNew contract, March 2019: AED 120,000 a yearNew contract, August 2019: AED 115,000 a yearRenewal, August 2020: AED 105,000 a yearRenewal, August 2021: AED 105,000 a yearRenewal, August 2022: AED 110,000 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 3703 sits

All 108 2-beds →

3703 last sold in March 2023 at AED 1,998 per sqft, 60% above what two-beds in Shams 4 were fetching at the time (AED 1,247). 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. 3703's AED 110,000 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 37th floor

All 225 units in Shams 4
Value
37012-bedAED 1.85M · Aug 2011
37022-bedAED 1.65M · Oct 2012
37042-bedAED 1.23M · Mar 2020

3703, Shams 4 in numbers

  • Sold 3 times: first on 1 June 2008 for AED 1,113,450, last on 2 March 2023 for AED 2,375,000 (AED 1,998 per sqft).
  • Rented since February 2013 on 10 Ejari contracts, from AED 140,000 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2023 price is 4.6%, before a service charge of about AED 19,800 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 2 March 2023.

Questions about 3703, Shams 4

What did unit 3703 last sell for?

AED 2,375,000 on 2 March 2023: AED 1,998 per sqft for 1,188 sqft. The unit has 3 registered sales; the first was AED 1,113,450 in June 2008.

What is the rent for unit 3703?

AED 110,000 a year on the contract renewed on 15 August 2022. The previous contract, from August 2021, was AED 105,000; the unit has been rented since February 2013.

How big is unit 3703?

1,188 sqft (110.4 sqm): a two-bedroom apartment on the 37th floor of a 41-storey tower completed in 2007.

What is unit 3703 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 3703, Shams 4

Starts from the last sale price (AED 2.38M, 2 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,375,000
Deposit, UAE resident (20%)
AED 475,000
Deposit, non-resident (40%)
AED 950,000
Monthly over 25 years at 3.7%
AED 9,717

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