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2-bed · 1,347 sqftSherena Residence, Majan · 10th floor · completed 2017

A1002, Sherena Residence

Sold prices and rental history: sold twice, last in March 2024, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A1002 · DLD and Ejari recordsUpdated 7 March 2024
Last soldAED 1.03M7 March 2024
Current rentAED 57K /yr1 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for A1002, Sherena Residence

What is A1002 worth today?

Last sold for AED 1,025,000 in 2024

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7 Mar 2024SoldReady
AED 1,025,000AED 760 per sqft
1 Jul 2022RentedRenewal
AED 57,200/yr12 months · AED 43 per sqft
1 Jul 2021RentedNew contract
AED 52,000/yr12 months · AED 39 per sqft
15 Mar 2020RentedRenewal
AED 66,000/yr12 months · AED 49 per sqft
15 Mar 2019RentedNew contract
AED 70,000/yr12 months · AED 52 per sqft
15 Oct 2017RentedNew contract
AED 68,414/yr14 months · AED 51 per sqft
9 Jan 2017Sold by developerOff-plan
AED 965,881AED 716 per sqft

Source: Dubai Land Department. Updated 7 March 2024.

Key facts

Type
2-bed apartment
Size
1,347 sqft
Floor
10th of 10
Parking
G-104
Developer
Rose Homes Investment
Completed
2017
Service charge
AED 14,800 /yr
Last sold
AED 1.03M · March 2024
Building
Sherena Residence

About A1002, Sherena Residence

A1002 is a two-bedroom apartment of 1,347 sqft on the 10th floor of Sherena Residence, a 10-storey tower in Majan completed in 2017 by Rose Homes Investment. It last sold on 7 March 2024 for AED 1,025,000, or AED 760 per sqft, 5% above the AED 726 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, renewed on 1 July 2022, is AED 57,200 a year: a gross yield of 5.6% on the 2024 price, before the service charge of about AED 14,800 a year.

Sales and rents for A1002 over time

Sales
Unit A1002, each saleTypical two-bed in Sherena Residence
1M1.2M2016201920222025Typical sale price by year: 2016 AED 992,994; 2017 AED 980,382; 2018 AED 874,613; 2019 AED 950,000; 2023 AED 895,000; 2024 AED 1,030,000; 2025 AED 1,050,000; 2026 AED 1,210,000Sold by developer, January 2017: AED 965,881 (AED 716 per sqft)Sold, March 2024: AED 1,025,000 (AED 760 per sqft)

A1002 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit A1002, each contractTypical two-bed in Sherena Residence
60K80K2017202020232026Typical rent by year: 2017 AED 68,571; 2018 AED 70,286; 2019 AED 68,000; 2020 AED 60,000; 2021 AED 51,000; 2022 AED 55,375; 2023 AED 58,800; 2024 AED 66,000; 2025 AED 86,500; 2026 AED 85,000New contract, October 2017: AED 68,414 a yearNew contract, March 2019: AED 70,000 a yearRenewal, March 2020: AED 66,000 a yearNew contract, July 2021: AED 52,000 a yearRenewal, July 2022: AED 57,200 a year

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

2-beds in Sherena Residence, and where A1002 sits

All 98 2-beds →

A1002 last sold in March 2024 at AED 760 per sqft, 5% above what two-beds in Sherena Residence were fetching at the time (AED 726). Over the last 12 months two-beds sold for AED 1,150,000 to 1,300,000, around AED 890 per sqft, and rent for AED 40,000 to 105,000 a year. A1002's AED 57,200 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
10 Jun 20261,150,000
17 Apr 20261,250,000
25 Mar 20261,200,000
11 Mar 20261,210,000
7 2-bed sales in the last 12 months

Sherena Residence

Building

297 apartments, studios to 4-bed over 10 floors in Majan, completed in 2017 by Rose Homes Investment. 19 sold in the last 12 months.

Typical price per sqft
AED 951 Up 6.8%
Typical sale
AED 1M
Typical rent
AED 63K /yr
Typical yield
7.6%
Sherena Residence, Majan: prices, sales and rents →

Other units on the 10th floor

All 297 units in Sherena Residence
Value
A10011-bedAED 625K · Mar 2021
A10031-bedAED 725K · Jul 2015
A10041-bedAED 680K · Oct 2023
A10051-bedAED 680K · Oct 2017
A10061-bedAED 775K · Nov 2022
B10012-bedAED 1.02M · Dec 2024
B1002StudioNo registered sale
1–7 of 24

A1002, Sherena Residence in numbers

  • Sold twice: first on 9 January 2017 for AED 965,881, last on 7 March 2024 for AED 1,025,000 (AED 760 per sqft).
  • Rented since October 2017 on 5 Ejari contracts, from AED 68,414 to AED 57,200 a year.
  • At AED 57,200 a year the gross yield on the 2024 price is 5.6%, before a service charge of about AED 14,800 a year (AED 10.95 per sqft).
  • Two-beds in Sherena Residence sold for AED 1,150,000–1,300,000 in the 12 months to November 2026; the building's median across all types is AED 951 per sqft.

Source: Dubai Land Department. Updated 7 March 2024.

Questions about A1002, Sherena Residence

What did unit A1002 last sell for?

AED 1,025,000 on 7 March 2024: AED 760 per sqft for 1,347 sqft. The unit has 2 registered sales; the first was AED 965,881 in January 2017.

What is the rent for unit A1002?

AED 57,200 a year on the contract renewed on 1 July 2022. The previous contract, from July 2021, was AED 52,000; the unit has been rented since October 2017.

How big is unit A1002?

1,347 sqft (125.1 sqm): a two-bedroom apartment on the 10th floor of a 10-storey tower completed in 2017.

What is unit A1002 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Sherena Residence sold for AED 1,150,000 to 1,300,000 in the last 12 months, around AED 890 per sqft.

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Mortgage on A1002, Sherena Residence

Starts from the last sale price (AED 1.03M, 7 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,025,000
Deposit, UAE resident (20%)
AED 205,000
Deposit, non-resident (40%)
AED 410,000
Monthly over 25 years at 3.7%
AED 4,194

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