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3-bed · 2,737 sqftAl Shera Tower, Jumeirah Lake Towers (JLT) · 20th floor · completed 2008

2001, Al Shera Tower

Sold prices and rental history: sold twice, last in February 2016, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2001 · DLD and Ejari recordsUpdated 3 February 2016
Last soldAED 3.13M3 February 2016
Current rentAED 170K /yr1 November 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2001, Al Shera Tower

What is 2001 worth today?

Last sold for AED 3,125,000 in 2016

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3 Feb 2016SoldReady
AED 3,125,000AED 1,141 per sqft
1 Nov 2014RentedRenewal
AED 170,000/yr12 months · AED 60 per sqft
1 Nov 2013RentedNew contract
AED 160,000/yr12 months · AED 56 per sqft
1 Nov 2012RentedNew contract
AED 150,000/yr12 months · AED 53 per sqft
15 Feb 2010Sold by developerReady
AED 1,778,265AED 649 per sqft

Source: Dubai Land Department. Updated 3 February 2016.

Key facts

Type
3-bed apartment
Size
2,737 sqft
Floor
20th of 38
Parking
DMCC-0086,DMCC-2212
Developer
Saleh Bin Lahej Real Estate
Completed
2008
Service charge
AED 37,000 /yr
Last sold
AED 3.13M · February 2016
Building
Al Shera Tower

About 2001, Al Shera Tower

2001 is a three-bedroom apartment of 2,737 sqft on the 20th floor of Al Shera Tower, a 38-storey tower in Jumeirah Lake Towers (JLT) completed in 2008 by Saleh Bin Lahej Real Estate. It last sold on 3 February 2016 for AED 3,125,000, or AED 1,141 per sqft, 76% above the AED 649 three-beds in the building were fetching at the time.

It has been rented since 2012 on 3 Ejari contracts. The current contract, renewed on 1 November 2014, is AED 170,000 a year: a gross yield of 5.4% on the 2016 price, before the service charge of about AED 37,000 a year.

Sales and rents for 2001 over time

Sales
Unit 2001, each saleTypical three-bed in Al Shera Tower
2M4M20102014201820222026Typical sale price by year: 2010 AED 1,716,233; 2011 AED 1,771,373; 2012 AED 1,792,050; 2013 AED 1,819,620; 2014 AED 3,400,000; 2015 AED 1,723,455; 2016 AED 3,112,500; 2017 AED 2,850,000; 2020 AED 1,997,500; 2021 AED 2,250,000; 2024 AED 3,487,500; 2025 AED 3,925,000Sold by developer, February 2010: AED 1,778,265 (AED 649 per sqft)Sold, February 2016: AED 3,125,000 (AED 1,141 per sqft)

2001 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2001, each contractTypical three-bed in Al Shera Tower
150K200K2012201620202024Typical rent by year: 2012 AED 130,000; 2013 AED 160,000; 2014 AED 180,000; 2015 AED 190,000; 2016 AED 190,000; 2017 AED 180,000; 2018 AED 165,000; 2019 AED 155,000; 2020 AED 130,000; 2021 AED 135,000; 2022 AED 140,000; 2023 AED 150,000; 2024 AED 167,500; 2025 AED 187,688; 2026 AED 182,000New contract, November 2012: AED 150,000 a yearNew contract, November 2013: AED 160,000 a yearRenewal, November 2014: AED 170,000 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 Al Shera Tower, and where 2001 sits

All 62 3-beds →

2001 last sold in February 2016 at AED 1,141 per sqft, 76% above what three-beds in Al Shera Tower were fetching at the time (AED 649). 2001's AED 170,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
30 Jul 20254,450,000
16 Jun 20254,435,000
16 May 20253,750,000
28 Feb 20254,100,000
0 3-bed sales in the last 12 months

Al Shera Tower

Building

241 apartments, 1-bed to 3-bed over 38 floors in Jumeirah Lake Towers (JLT), completed in 2008 by Saleh Bin Lahej Real Estate. 9 sold in the last 12 months.

Typical price per sqft
AED 1,454
Typical sale
AED 2.45M
Typical rent
AED 105K /yr
Typical yield
6.0%
Al Shera Tower, Jumeirah Lake Towers (JLT): prices, sales and rents →

Other units on the 20th floor

All 241 units in Al Shera Tower
Value
20022-bedAED 1.85M · Aug 2013
20031-bedAED 670K · May 2011
20041-bedAED 670K · Jan 2010
20052-bedAED 1.11M · Jan 2010
20063-bedAED 1.9M · Feb 2013

2001, Al Shera Tower in numbers

  • Sold twice: first on 15 February 2010 for AED 1,778,265, last on 3 February 2016 for AED 3,125,000 (AED 1,141 per sqft).
  • Rented since November 2012 on 3 Ejari contracts, from AED 150,000 to AED 170,000 a year.
  • At AED 170,000 a year the gross yield on the 2016 price is 5.4%, before a service charge of about AED 37,000 a year (AED 13.53 per sqft).

Source: Dubai Land Department. Updated 3 February 2016.

Questions about 2001, Al Shera Tower

What did unit 2001 last sell for?

AED 3,125,000 on 3 February 2016: AED 1,141 per sqft for 2,737 sqft. The unit has 2 registered sales; the first was AED 1,778,265 in February 2010.

What is the rent for unit 2001?

AED 170,000 a year on the contract renewed on 1 November 2014. The previous contract, from November 2013, was AED 160,000; the unit has been rented since November 2012.

How big is unit 2001?

2,737 sqft (254.3 sqm): a three-bedroom apartment on the 20th floor of a 38-storey tower completed in 2008.

What is unit 2001 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 2001, Al Shera Tower

Starts from the last sale price (AED 3.13M, 3 February 2016). Switch to today's estimate once you have unlocked it.
Price
AED 3,125,000
Deposit, UAE resident (20%)
AED 625,000
Deposit, non-resident (40%)
AED 1,250,000
Monthly over 25 years at 3.7%
AED 12,785

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