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2-bed · 1,143 sqftSherena Residence, Majan · 4th floor · completed 2017

A408, Sherena Residence

Sold prices and rental history: sold twice, last in January 2024, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A408 · DLD and Ejari recordsUpdated 9 January 2024
Last soldAED 900K9 January 2024
Current rentAED 61K /yr1 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for A408, Sherena Residence

What is A408 worth today?

Last sold for AED 900,000 in 2024

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9 Jan 2024SoldReady
AED 900,000AED 787 per sqft
1 Nov 2023RentedRenewal
AED 60,900/yr12 months · AED 53 per sqft
1 Nov 2022RentedNew contract
AED 58,000/yr12 months · AED 51 per sqft
10 Oct 2021RentedNew contract
AED 50,000/yr12 months · AED 44 per sqft
10 Jan 2020RentedNew contract
AED 65,000/yr12 months · AED 57 per sqft
22 Sep 2019RentedNew contract
AED 65,000/yr12 months · AED 57 per sqft
1 May 2018RentedNew contract
AED 66,857/yr14 months · AED 59 per sqft
25 Jan 2017Sold by developerOff-plan
AED 945,000AED 826 per sqft

Source: Dubai Land Department. Updated 9 January 2024.

Key facts

Type
2-bed apartment
Size
1,143 sqft
Floor
4th of 10
Parking
B-178
Developer
Rose Homes Investment
Completed
2017
Service charge
AED 12,500 /yr
Last sold
AED 900K · January 2024
Building
Sherena Residence

About A408, Sherena Residence

A408 is a two-bedroom apartment of 1,143 sqft on the 4th floor of Sherena Residence, a 10-storey tower in Majan completed in 2017 by Rose Homes Investment. It last sold on 9 January 2024 for AED 900,000, or AED 787 per sqft, 8% above the AED 726 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, renewed on 1 November 2023, is AED 60,900 a year: a gross yield of 6.8% on the 2024 price, before the service charge of about AED 12,500 a year.

Sales and rents for A408 over time

Sales
Unit A408, 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 945,000 (AED 826 per sqft)Sold, January 2024: AED 900,000 (AED 787 per sqft)

A408 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit A408, 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, May 2018: AED 66,857 a yearNew contract, September 2019: AED 65,000 a yearNew contract, January 2020: AED 65,000 a yearNew contract, October 2021: AED 50,000 a yearNew contract, November 2022: AED 58,000 a yearRenewal, November 2023: AED 60,900 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 A408 sits

All 98 2-beds →

A408 last sold in January 2024 at AED 787 per sqft, 8% 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. A408's AED 60,900 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 4th floor

All 297 units in Sherena Residence
Value
A4011-bedAED 610K · Aug 2022
A4022-bedAED 1.21M · Mar 2026
A4031-bedAED 761K · Sep 2016
A4041-bedAED 650K · Apr 2018
A4051-bedAED 564K · Aug 2018
A4062-bedAED 1.2M · Mar 2026
A4072-bedAED 849K · Sep 2018
1–7 of 32

A408, Sherena Residence in numbers

  • Sold twice: first on 25 January 2017 for AED 945,000, last on 9 January 2024 for AED 900,000 (AED 787 per sqft).
  • Rented since May 2018 on 6 Ejari contracts. The rent fell from AED 66,857 to AED 50,000 in 2021 and recovered to AED 60,900 by November 2023.
  • At AED 60,900 a year the gross yield on the 2024 price is 6.8%, before a service charge of about AED 12,500 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 9 January 2024.

Questions about A408, Sherena Residence

What did unit A408 last sell for?

AED 900,000 on 9 January 2024: AED 787 per sqft for 1,143 sqft. The unit has 2 registered sales; the first was AED 945,000 in January 2017.

What is the rent for unit A408?

AED 60,900 a year on the contract renewed on 1 November 2023. The previous contract, from November 2022, was AED 58,000; the unit has been rented since May 2018.

How big is unit A408?

1,143 sqft (106.2 sqm): a two-bedroom apartment on the 4th floor of a 10-storey tower completed in 2017.

What is unit A408 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 A408, Sherena Residence

Starts from the last sale price (AED 900K, 9 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 900,000
Deposit, UAE resident (20%)
AED 180,000
Deposit, non-resident (40%)
AED 360,000
Monthly over 25 years at 3.7%
AED 3,682

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