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Studio · 436 sqftSherena Residence, Majan · 5th floor · completed 2017

A509, Sherena Residence

Sold prices and rental history: sold once, by the developer in May 2017, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A509 · DLD and Ejari recordsUpdated 23 December 2024
Last soldAED 443K3 May 2017
Current rentAED 43K /yr23 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for A509, Sherena Residence

What is A509 worth today?

Last sold for AED 443,470 in 2017

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23 Dec 2024RentedNew contract
AED 43,000/yr12 months · AED 97 per sqft
1 Nov 2022RentedNew contract
AED 30,000/yr12 months · AED 68 per sqft
1 Apr 2022RentedNew contract
AED 27,500/yr12 months · AED 62 per sqft
10 Mar 2021RentedRenewal
AED 26,500/yr12 months · AED 60 per sqft
10 Mar 2020RentedRenewal
AED 30,000/yr12 months · AED 68 per sqft
10 Mar 2019RentedRenewal
AED 33,500/yr12 months · AED 76 per sqft
10 Jan 2018RentedNew contract
AED 34,286/yr14 months · AED 78 per sqft
3 May 2017Sold by developerOff-plan
AED 443,470AED 1,016 per sqft

Source: Dubai Land Department. Updated 23 December 2024.

Key facts

Type
Studio apartment
Size
436 sqft
Floor
5th of 10
Parking
B-170
Developer
Rose Homes Investment
Completed
2017
Service charge
AED 4,800 /yr
Last sold
AED 443K · May 2017
Building
Sherena Residence

About A509, Sherena Residence

A509 is a studio of 436 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 3 May 2017 for AED 443,470, or AED 1,016 per sqft, 40% above the AED 726 studios in the building were fetching at the time.

It has been rented continuously since 2018 on 7 Ejari contracts. The current contract, signed on 23 December 2024, is AED 43,000 a year: a gross yield of 9.7% on the 2017 price, before the service charge of about AED 4,800 a year.

Sales and rents for A509 over time

Sales
Unit A509, each saleTypical studio in Sherena Residence
400K2016201920222025Typical sale price by year: 2016 AED 316,775; 2017 AED 359,219; 2023 AED 400,000; 2024 AED 433,785; 2025 AED 549,000; 2026 AED 529,500Sold by developer, May 2017: AED 443,470 (AED 1,016 per sqft)

A509 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit A509, each contractTypical studio in Sherena Residence
30K40K2017202020232026Typical rent by year: 2017 AED 38,571; 2018 AED 34,286; 2019 AED 33,250; 2020 AED 30,000; 2021 AED 25,000; 2022 AED 28,000; 2023 AED 30,660; 2024 AED 40,000; 2025 AED 45,000; 2026 AED 43,500New contract, January 2018: AED 34,286 a yearRenewal, March 2019: AED 33,500 a yearRenewal, March 2020: AED 30,000 a yearRenewal, March 2021: AED 26,500 a yearNew contract, April 2022: AED 27,500 a yearNew contract, November 2022: AED 30,000 a yearNew contract, December 2024: AED 43,000 a year

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

Studios in Sherena Residence, and where A509 sits

All 64 studios →

A509 last sold in May 2017 at AED 1,016 per sqft, 40% above what studios in Sherena Residence were fetching at the time (AED 726). Over the last 12 months studios sold for AED 475,000 to 580,000, around AED 1,158 per sqft, and rent for AED 35,700 to 60,000 a year. A509's AED 43,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
20 Oct 2026545,000
29 Jul 2026475,000
22 Jul 2026580,000
6 Feb 2026529,000
7 studio 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
A5022-bedAED 1.1M · Nov 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
1–7 of 32

A509, Sherena Residence in numbers

  • Sold once: by Rose Homes Investment on 3 May 2017 for AED 443,470, or AED 1,016 per sqft.
  • Rented since January 2018 on 7 Ejari contracts. The rent fell from AED 34,286 to AED 26,500 in 2021 and recovered to AED 43,000 by December 2024.
  • At AED 43,000 a year the gross yield on the 2017 price is 9.7%, before a service charge of about AED 4,800 a year (AED 10.95 per sqft).
  • Studios in Sherena Residence sold for AED 475,000–580,000 in the 12 months to November 2026; the building's median across all types is AED 951 per sqft.

Source: Dubai Land Department. Updated 23 December 2024.

Questions about A509, Sherena Residence

What did unit A509 last sell for?

AED 443,470 on 3 May 2017, sold by the developer: AED 1,016 per sqft for 436 sqft. It is the only registered sale of the unit.

What is the rent for unit A509?

AED 43,000 a year on the contract signed on 23 December 2024. The previous contract, from November 2022, was AED 30,000; the unit has been rented since January 2018.

How big is unit A509?

436 sqft (40.5 sqm): a studio on the 5th floor of a 10-storey tower completed in 2017.

What is unit A509 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Sherena Residence sold for AED 475,000 to 580,000 in the last 12 months, around AED 1,158 per sqft.

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Mortgage on A509, Sherena Residence

Starts from the last sale price (AED 443K, 3 May 2017). Switch to today's estimate once you have unlocked it.
Price
AED 443,470
Deposit, UAE resident (20%)
AED 88,694
Deposit, non-resident (40%)
AED 177,388
Monthly over 25 years at 3.7%
AED 1,814

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