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2-bed · 1,347 sqftSherena Residence, Majan · 5th floor · completed 2017

A502, Sherena Residence

Sold prices and rental history: sold once, by the developer in November 2017, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A502 · DLD and Ejari recordsUpdated 27 January 2019
Last soldAED 1.1M28 November 2017
Current rentAED 69K /yr27 January 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for A502, Sherena Residence

What is A502 worth today?

Last sold for AED 1,103,872 in 2017

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27 Jan 2019RentedRenewal
AED 68,571/yr14 months · AED 51 per sqft
28 Nov 2017Sold by developerReady
AED 1,103,872AED 819 per sqft
27 Nov 2017RentedNew contract
AED 68,571/yr14 months · AED 51 per sqft

Source: Dubai Land Department. Updated 27 January 2019.

Key facts

Type
2-bed apartment
Size
1,347 sqft
Floor
5th of 10
Parking
B-182
Developer
Rose Homes Investment
Completed
2017
Service charge
AED 14,800 /yr
Last sold
AED 1.1M · November 2017
Building
Sherena Residence

About A502, Sherena Residence

A502 is a two-bedroom apartment of 1,347 sqft on the 5th floor of Sherena Residence, a 10-storey tower in Majan completed in 2017 by Rose Homes Investment. The developer sold it on 28 November 2017 for AED 1,103,872, or AED 819 per sqft, 4% above the AED 789 two-beds in the building were fetching at the time.

It has been rented since 2017 on 2 Ejari contracts. The current contract, renewed on 27 January 2019, is AED 68,571 a year: a gross yield of 6.2% on the 2017 price, before the service charge of about AED 14,800 a year.

Sales and rents for A502 over time

Sales
Unit A502, 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, November 2017: AED 1,103,872 (AED 819 per sqft)

A502 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit A502, 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, November 2017: AED 68,571 a yearRenewal, January 2019: AED 68,571 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 A502 sits

All 98 2-beds →

A502 last sold in November 2017 at AED 819 per sqft, 4% above what two-beds in Sherena Residence were fetching at the time (AED 789). 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. A502's AED 68,571 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 64K /yr
Typical yield
7.6%
Sherena Residence, Majan: prices, sales and rents →

Other units on the 5th floor

All 297 units in Sherena Residence
Value
A5011-bedAED 729K · Dec 2017
A5031-bedAED 360K · Sep 2018
A5041-bedAED 694K · Dec 2017
A5051-bedAED 694K · Dec 2017
A5062-bedAED 1.1M · Dec 2017
A5072-bedAED 1.05M · Dec 2017
A5082-bedAED 929K · Dec 2017
1–7 of 32

A502, Sherena Residence in numbers

  • Sold once: by Rose Homes Investment on 28 November 2017 for AED 1,103,872, or AED 819 per sqft.
  • Rented since November 2017 on 2 Ejari contracts, at AED 68,571 a year.
  • At AED 68,571 a year the gross yield on the 2017 price is 6.2%, 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 27 January 2019.

Questions about A502, Sherena Residence

What did unit A502 last sell for?

AED 1,103,872 on 28 November 2017, sold by the developer: AED 819 per sqft for 1,347 sqft. It is the only registered sale of the unit.

What is the rent for unit A502?

AED 68,571 a year on the contract renewed on 27 January 2019. The previous contract, from November 2017, was AED 68,571.

How big is unit A502?

1,347 sqft (125.1 sqm): a two-bedroom apartment on the 5th floor of a 10-storey tower completed in 2017.

What is unit A502 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 A502, Sherena Residence

Starts from the last sale price (AED 1.1M, 28 November 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,103,872
Deposit, UAE resident (20%)
AED 220,774
Deposit, non-resident (40%)
AED 441,549
Monthly over 25 years at 3.7%
AED 4,516

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