2003, Al Shera Tower
Sold prices and rental history: sold once, by the developer in May 2011, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2003, Al Shera Tower
What is 2003 worth today?
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Source: Dubai Land Department. Updated 5 September 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 993 sqft
- Floor
- 20th of 38
- Parking
- DMCC-3271
- Developer
- Saleh Bin Lahej Real Estate
- Completed
- 2008
- Service charge
- AED 13,400 /yr
- Last sold
- AED 670K · May 2011
- Building
- Al Shera Tower
About 2003, Al Shera Tower
2003 is a one-bedroom apartment of 993 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. The developer sold it on 2 May 2011 for AED 669,655, or AED 674 per sqft, 5% above the AED 640 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 9 Ejari contracts. The current contract, renewed on 5 September 2024, is AED 85,000 a year: a gross yield of 12.7% on the 2011 price, before the service charge of about AED 13,400 a year.
Sales and rents for 2003 over time
2003 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Al Shera Tower, and where 2003 sits
All 89 1-beds →2003 last sold in May 2011 at AED 674 per sqft, 5% above what one-beds in Al Shera Tower were fetching at the time (AED 640). Over the last 12 months one-beds sold for AED 1,350,000 to 1,570,000, around AED 1,459 per sqft, and rent for AED 60,000 to 120,000 a year. 2003's AED 85,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 25 Sep 202625 September 2026 | 993 sqft | 1,350,000 | 1,359 | ||
| 22 Dec 202522 December 2025 | 993 sqft | 1,450,000 | 1,459 | ||
| 27 Nov 202527 November 2025 | 993 sqft | 1,570,000 | 1,580 | ||
| 10 Oct 202510 October 2025 | 993 sqft | 1,535,000 | 1,545 |
Al Shera Tower
Building241 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%
Other units on the 20th floor
All 241 units in Al Shera Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2001 | 3-bed | 2,737 sqft | AED 3.13MAED 3,125,000 · Feb 2016February 2016 | 170,000 /yr | |
| 2002 | 2-bed | 1,733 sqft | AED 1.85MAED 1,850,000 · Aug 2013August 2013 | 145,000 /yr | |
| 2004 | 1-bed | 993 sqft | AED 670KAED 669,655 · Jan 2010January 2010 | 100,000 /yr | |
| 2005 | 2-bed | 1,733 sqft | AED 1.11MAED 1,111,885 · Jan 2010January 2010 | 130,000 /yr | |
| 2006 | 3-bed | 2,737 sqft | AED 1.9MAED 1,900,000 · Feb 2013February 2013 | 130,000 /yr |
2003, Al Shera Tower in numbers
- Sold once: by Saleh Bin Lahej Real Estate on 2 May 2011 for AED 669,655, or AED 674 per sqft.
- Rented since April 2014 on 9 Ejari contracts. The rent fell from AED 91,000 to AED 55,000 in 2021 and recovered to AED 85,000 by September 2024.
- At AED 85,000 a year the gross yield on the 2011 price is 12.7%, before a service charge of about AED 13,400 a year (AED 13.53 per sqft).
- One-beds in Al Shera Tower sold for AED 1,350,000–1,570,000 in the 12 months to November 2026; the building's median across all types is AED 1,454 per sqft.
Source: Dubai Land Department. Updated 5 September 2024.
Questions about 2003, Al Shera Tower
What did unit 2003 last sell for?
AED 669,655 on 2 May 2011, sold by the developer: AED 674 per sqft for 993 sqft. It is the only registered sale of the unit.
What is the rent for unit 2003?
AED 85,000 a year on the contract renewed on 5 September 2024. The previous contract, from September 2023, was AED 69,000; the unit has been rented since April 2014.
How big is unit 2003?
993 sqft (92.3 sqm): a one-bedroom apartment on the 20th floor of a 38-storey tower completed in 2008.
What is unit 2003 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Al Shera Tower sold for AED 1,350,000 to 1,570,000 in the last 12 months, around AED 1,459 per sqft.
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Mortgage on 2003, Al Shera Tower
Starts from the last sale price (AED 670K, 2 May 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 669,655
- Deposit, UAE resident (20%)
- AED 133,931
- Deposit, non-resident (40%)
- AED 267,862
- Monthly over 25 years at 3.7%
- AED 2,740
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →