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

2006, Al Shera Tower

Sold prices and rental history: sold twice, last in February 2013, and rented once, from June 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2006 · DLD and Ejari recordsUpdated 18 February 2013
Last soldAED 1.9M18 February 2013
Current rentAED 130K /yr15 June 2012
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2006, Al Shera Tower

What is 2006 worth today?

Last sold for AED 1,900,000 in 2013

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18 Feb 2013SoldReady
AED 1,900,000AED 694 per sqft
27 Jan 2013Sold by developerReady
AED 1,778,265AED 649 per sqft
15 Jun 2012RentedNew contract
AED 130,000/yr12 months · AED 46 per sqft

Source: Dubai Land Department. Updated 18 February 2013.

Key facts

Type
3-bed apartment
Size
2,737 sqft
Floor
20th of 38
Parking
DMCC-0087,DMCC-2213
Developer
Saleh Bin Lahej Real Estate
Completed
2008
Service charge
AED 37,000 /yr
Last sold
AED 1.9M · February 2013
Building
Al Shera Tower

About 2006, Al Shera Tower

2006 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 18 February 2013 for AED 1,900,000, or AED 694 per sqft, 6% above the AED 655 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 15 June 2012. The current contract, signed on 15 June 2012, is AED 130,000 a year: a gross yield of 6.8% on the 2013 price, before the service charge of about AED 37,000 a year.

Sales and rents for 2006 over time

Sales
Unit 2006, 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, January 2013: AED 1,778,265 (AED 649 per sqft)Sold, February 2013: AED 1,900,000 (AED 694 per sqft)

2006 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2006, 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, June 2012: AED 130,000 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 2006 sits

All 62 3-beds →

2006 last sold in February 2013 at AED 694 per sqft, 6% above what three-beds in Al Shera Tower were fetching at the time (AED 655). 2006's AED 130,000 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 103K /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
20013-bedAED 3.13M · Feb 2016
20022-bedAED 1.85M · Aug 2013
20031-bedAED 670K · May 2011
20041-bedAED 670K · Jan 2010
20052-bedAED 1.11M · Jan 2010

2006, Al Shera Tower in numbers

  • Sold twice: first on 27 January 2013 for AED 1,778,265, last on 18 February 2013 for AED 1,900,000 (AED 694 per sqft).
  • Rented since June 2012 on one Ejari contract, at AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2013 price is 6.8%, before a service charge of about AED 37,000 a year (AED 13.53 per sqft).

Source: Dubai Land Department. Updated 18 February 2013.

Questions about 2006, Al Shera Tower

What did unit 2006 last sell for?

AED 1,900,000 on 18 February 2013: AED 694 per sqft for 2,737 sqft. The unit has 2 registered sales; the first was AED 1,778,265 in January 2013.

What is the rent for unit 2006?

AED 130,000 a year on the contract signed on 15 June 2012.

How big is unit 2006?

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 2006 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 2006, Al Shera Tower

Starts from the last sale price (AED 1.9M, 18 February 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,900,000
Deposit, UAE resident (20%)
AED 380,000
Deposit, non-resident (40%)
AED 760,000
Monthly over 25 years at 3.7%
AED 7,773

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