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3-bed · 2,737 sqftAl Shera Tower, Jumeirah Lake Towers (JLT) · 9th floor · completed 2008

906, Al Shera Tower

Sold prices and rental history: sold twice, last in August 2015, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 906 · DLD and Ejari recordsUpdated 10 August 2015
Last soldAED 3.5M10 August 2015
Current rentAED 180K /yr1 June 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 906, Al Shera Tower

What is 906 worth today?

Last sold for AED 3,500,000 in 2015

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10 Aug 2015SoldReady
AED 3,500,000AED 1,278 per sqft
1 Jun 2014RentedNew contract
AED 180,000/yr12 months · AED 66 per sqft
1 Jun 2013RentedNew contract
AED 150,000/yr12 months · AED 53 per sqft
1 Jun 2013RentedRenewal
AED 150,000/yr12 months · AED 53 per sqft
18 Feb 2010Sold by developerReady
AED 882,240AED 322 per sqft

Source: Dubai Land Department. Updated 10 August 2015.

Key facts

Type
3-bed apartment
Size
2,737 sqft
Floor
9th of 38
Parking
DMCC-3292,DMCC-2129
Developer
Saleh Bin Lahej Real Estate
Completed
2008
Service charge
AED 37,000 /yr
Last sold
AED 3.5M · August 2015
Building
Al Shera Tower

About 906, Al Shera Tower

906 is a three-bedroom apartment of 2,737 sqft on the 9th 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 10 August 2015 for AED 3,500,000, or AED 1,278 per sqft, 34% above the AED 953 three-beds in the building were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, signed on 1 June 2014, is AED 180,000 a year: a gross yield of 5.1% on the 2015 price, before the service charge of about AED 37,000 a year.

Sales and rents for 906 over time

Sales
Unit 906, 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 882,240 (AED 322 per sqft)Sold, August 2015: AED 3,500,000 (AED 1,278 per sqft)

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

Rents
Unit 906, 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 196,000New contract, June 2013: AED 150,000 a yearRenewal, June 2013: AED 150,000 a yearNew contract, June 2014: AED 180,000 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 906 sits

All 62 3-beds →

906 last sold in August 2015 at AED 1,278 per sqft, 34% above what three-beds in Al Shera Tower were fetching at the time (AED 953). 906's AED 180,000 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 9th floor

All 241 units in Al Shera Tower
Value
9013-bedAED 4.1M · Feb 2025
9022-bedAED 1.1M · Feb 2010
9031-bedAED 890K · May 2019
9041-bedAED 1.2M · Jul 2023
9052-bedAED 1.83M · May 2018

906, Al Shera Tower in numbers

  • Sold twice: first on 18 February 2010 for AED 882,240, last on 10 August 2015 for AED 3,500,000 (AED 1,278 per sqft).
  • Rented since June 2013 on 3 Ejari contracts, from AED 150,000 to AED 180,000 a year.
  • At AED 180,000 a year the gross yield on the 2015 price is 5.1%, before a service charge of about AED 37,000 a year (AED 13.53 per sqft).

Source: Dubai Land Department. Updated 10 August 2015.

Questions about 906, Al Shera Tower

What did unit 906 last sell for?

AED 3,500,000 on 10 August 2015: AED 1,278 per sqft for 2,737 sqft. The unit has 2 registered sales; the first was AED 882,240 in February 2010.

What is the rent for unit 906?

AED 180,000 a year on the contract signed on 1 June 2014. The previous contract, from June 2013, was AED 150,000; the unit has been rented since June 2013.

How big is unit 906?

2,737 sqft (254.3 sqm): a three-bedroom apartment on the 9th floor of a 38-storey tower completed in 2008.

What is unit 906 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 906, Al Shera Tower

Starts from the last sale price (AED 3.5M, 10 August 2015). Switch to today's estimate once you have unlocked it.
Price
AED 3,500,000
Deposit, UAE resident (20%)
AED 700,000
Deposit, non-resident (40%)
AED 1,400,000
Monthly over 25 years at 3.7%
AED 14,320

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