4-bed · 3,414 sqftShams 4, Jumeirah Beach Residence · 5th floor · completed 2007

507, Shams 4

Sold prices and rental history: sold twice, last in September 2016, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 507 · DLD and Ejari recordsUpdated 1 September 2023
Last soldAED 2.67M4 September 2016
Current rentAED 53 /yr1 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 507, Shams 4

What is 507 worth today?

Last sold for AED 2,666,666 in 2016

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1 Sep 2023RentedRenewal · flagged as an outlier
AED 53/yr60 months
1 Sep 2018RentedRenewal · flagged as an outlier
AED 11/yr60 months
1 Sep 2017RentedNew contract · flagged as an outlier
AED 53/yr12 months
4 Sep 2016SoldReady
AED 2,666,666AED 781 per sqft
22 Oct 2015RentedNew contract
AED 250,000/yr12 months · AED 73 per sqft
25 Jan 2014RentedNew contract
AED 290,000/yr12 months · AED 85 per sqft
13 Oct 2008Sold by developerReady
AED 6,000,000AED 1,757 per sqft

Source: Dubai Land Department. Updated 1 September 2023.

Key facts

Type
4-bed apartment
Size
3,414 sqft
Floor
5th of 41
Parking
B428/ B429
Developer
Dubai Properties
Completed
2007
Service charge
AED 56,800 /yr
Last sold
AED 2.67M · September 2016
Building
Shams 4

About 507, Shams 4

507 is a four-bedroom apartment of 3,414 sqft on the 5th floor of Shams 4, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 4 September 2016 for AED 2,666,666, or AED 781 per sqft, in line with the AED 781 four-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, renewed on 1 September 2023, is AED 53 a year, before the service charge of about AED 56,800 a year.

Sales and rents for 507 over time

Sales
Unit 507, each saleTypical four-bed in Shams 4
2.5M5M7.5M2008201320182023Typical sale price by year: 2008 AED 4,300,000; 2009 AED 5,824,822; 2010 AED 2,957,360; 2012 AED 4,937,500; 2013 AED 4,200,000; 2014 AED 5,098,500; 2016 AED 2,666,666; 2024 AED 6,159,410; 2025 AED 8,000,000Sold by developer, October 2008: AED 6,000,000 (AED 1,757 per sqft)Sold, September 2016: AED 2,666,666 (AED 781 per sqft)

507 has sold twice; the dashed line is the four-bed median of each year in the building.

Rents
Unit 507, each contractTypical four-bed in Shams 4
200K300K2012201620202024Typical rent by year: 2012 AED 145,000; 2013 AED 220,000; 2014 AED 250,000; 2015 AED 268,750; 2016 AED 250,000; 2017 AED 228,000; 2018 AED 220,000; 2019 AED 190,000; 2020 AED 180,000; 2021 AED 171,250; 2022 AED 250,000; 2023 AED 330,000; 2025 AED 352,000; 2026 AED 250,000New contract, January 2014: AED 290,000 a yearNew contract, October 2015: AED 250,000 a year

Annual rent on each registered contract; the dashed line is the four-bed median of each year in the building.

4-beds in Shams 4, and where 507 sits

All 23 4-beds →

507 last sold in September 2016 at AED 781 per sqft, in line with what four-beds in Shams 4 were fetching at the time (AED 781). Over the last 12 months four-beds sold for AED 5,250,000 to 7,930,000, around AED 1,669 per sqft, and rent for AED 130,000 to 352,000 a year. 507's AED 53 is at the bottom of that range.

Recent 4-bed salesUnit no.Price (AED)Summary
19 Feb 20267,930,000
6 Feb 20265,700,000
13 Nov 20255,250,000
1 May 20258,000,000
3 4-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 5th floor

All 225 units in Shams 4
Value
5013-bedAED 2.45M · Oct 2023
5023-bedAED 2.35M · Sep 2013
5031-bedAED 1.05M · Jan 2020
5041-bedAED 1.24M · Mar 2013
5053-bedAED 1.4M · Dec 2020
5063-bedAED 1.7M · Sep 2012

507, Shams 4 in numbers

  • Sold twice: first on 13 October 2008 for AED 6,000,000, last on 4 September 2016 for AED 2,666,666 (AED 781 per sqft).
  • Rented since January 2014 on 5 Ejari contracts. The rent fell from AED 290,000 to AED 11 in 2018 and recovered to AED 53 by September 2023.
  • Four-beds in Shams 4 sold for AED 5,250,000–7,930,000 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 September 2023.

Questions about 507, Shams 4

What did unit 507 last sell for?

AED 2,666,666 on 4 September 2016: AED 781 per sqft for 3,414 sqft. The unit has 2 registered sales; the first was AED 6,000,000 in October 2008.

What is the rent for unit 507?

AED 53 a year on the contract renewed on 1 September 2023. The previous contract, from September 2018, was AED 11; the unit has been rented since January 2014.

How big is unit 507?

3,414 sqft (317.2 sqm): a four-bedroom apartment on the 5th floor of a 41-storey tower completed in 2007.

What is unit 507 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Four-beds in Shams 4 sold for AED 5,250,000 to 7,930,000 in the last 12 months, around AED 1,669 per sqft.

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Mortgage on 507, Shams 4

Starts from the last sale price (AED 2.67M, 4 September 2016). Switch to today's estimate once you have unlocked it.
Price
AED 2,666,666
Deposit, UAE resident (20%)
AED 533,333
Deposit, non-resident (40%)
AED 1,066,666
Monthly over 25 years at 3.7%
AED 10,910

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