1-bed · 908 sqftSherena Residence, Majan · 6th floor · completed 2017

A601, Sherena Residence

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

Unit A601 · DLD and Ejari recordsUpdated 18 July 2024
Last soldAED 800K18 July 2024
Current rentAED 50K /yr10 June 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for A601, Sherena Residence

What is A601 worth today?

Last sold for AED 800,000 in 2024

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18 Jul 2024SoldReady
AED 800,000AED 881 per sqft
10 Jun 2023RentedNew contract
AED 50,000/yr12 months · AED 55 per sqft
20 May 2022RentedNew contract
AED 42,000/yr12 months · AED 46 per sqft
1 Feb 2020RentedRenewal
AED 52,000/yr12 months · AED 58 per sqft
1 Jan 2019RentedRenewal
AED 62,000/yr13 months · AED 69 per sqft
1 Nov 2017RentedNew contract
AED 53,143/yr14 months · AED 59 per sqft
2 May 2017Sold by developerOff-plan
AED 745,296AED 821 per sqft

Source: Dubai Land Department. Updated 18 July 2024.

Key facts

Type
1-bed apartment
Size
908 sqft
Floor
6th of 10
Parking
G-27
Developer
Rose Homes Investment
Completed
2017
Service charge
AED 9,900 /yr
Last sold
AED 800K · July 2024

About A601, Sherena Residence

A601 is a one-bedroom apartment of 908 sqft on the 6th floor of Sherena Residence, a 10-storey tower in Majan completed in 2017 by Rose Homes Investment. It last sold on 18 July 2024 for AED 800,000, or AED 881 per sqft, 14% above the AED 771 one-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, signed on 10 June 2023, is AED 50,000 a year: a gross yield of 6.3% on the 2024 price, before the service charge of about AED 9,900 a year.

Sales and rents for A601 over time

Sales
Unit A601, each saleTypical one-bed in Sherena Residence
600K800K20152018202120242027Typical sale price by year: 2015 AED 724,780; 2016 AED 694,408; 2017 AED 703,088; 2018 AED 546,511; 2021 AED 597,500; 2022 AED 562,500; 2023 AED 680,000; 2024 AED 792,500; 2025 AED 810,000; 2026 AED 900,000Sold by developer, May 2017: AED 745,296 (AED 821 per sqft)Sold, July 2024: AED 800,000 (AED 881 per sqft)

A601 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit A601, each contractTypical one-bed in Sherena Residence
40K60K2017202020232026Typical rent by year: 2017 AED 51,429; 2018 AED 50,882; 2019 AED 49,500; 2020 AED 44,000; 2021 AED 40,000; 2022 AED 42,000; 2023 AED 44,132; 2024 AED 51,213; 2025 AED 62,000; 2026 AED 64,000New contract, November 2017: AED 53,143 a yearRenewal, January 2019: AED 62,000 a yearRenewal, February 2020: AED 52,000 a yearNew contract, May 2022: AED 42,000 a yearNew contract, June 2023: AED 50,000 a year

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

1-beds in Sherena Residence, and where A601 sits

All 123 1-beds →

A601 last sold in July 2024 at AED 881 per sqft, 14% above what one-beds in Sherena Residence were fetching at the time (AED 771). Over the last 12 months one-beds sold for AED 860,000 to 1,000,000, around AED 951 per sqft, and rent for AED 26,000 to 80,000 a year. A601's AED 50,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
14 Aug 2026860,000
26 Feb 2026900,000
20 Feb 20261,000,000
10 Jul 2025760,000
3 1-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 6th floor

All 297 units in Sherena Residence
Value
A6022-bedAED 1.25M · Apr 2026
A6031-bedAED 723K · Jul 2017
A6041-bedAED 840K · Feb 2025
A6051-bedAED 560K · Sep 2022
A6062-bedAED 900K · Jan 2024
A6072-bedAED 440K · Dec 2019
A6082-bedAED 820K · Jan 2018
1–7 of 32

A601, Sherena Residence in numbers

  • Sold twice: first on 2 May 2017 for AED 745,296, last on 18 July 2024 for AED 800,000 (AED 881 per sqft).
  • Rented since November 2017 on 5 Ejari contracts. The rent fell from AED 53,143 to AED 42,000 in 2022 and recovered to AED 50,000 by June 2023.
  • At AED 50,000 a year the gross yield on the 2024 price is 6.3%, before a service charge of about AED 9,900 a year (AED 10.95 per sqft).
  • One-beds in Sherena Residence sold for AED 860,000–1,000,000 in the 12 months to November 2026; the building's median across all types is AED 951 per sqft.

Source: Dubai Land Department. Updated 18 July 2024.

Questions about A601, Sherena Residence

What did unit A601 last sell for?

AED 800,000 on 18 July 2024: AED 881 per sqft for 908 sqft. The unit has 2 registered sales; the first was AED 745,296 in May 2017.

What is the rent for unit A601?

AED 50,000 a year on the contract signed on 10 June 2023. The previous contract, from May 2022, was AED 42,000; the unit has been rented since November 2017.

How big is unit A601?

908 sqft (84.4 sqm): a one-bedroom apartment on the 6th floor of a 10-storey tower completed in 2017.

What is unit A601 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Sherena Residence sold for AED 860,000 to 1,000,000 in the last 12 months, around AED 951 per sqft.

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Mortgage on A601, Sherena Residence

Starts from the last sale price (AED 800K, 18 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 800,000
Deposit, UAE resident (20%)
AED 160,000
Deposit, non-resident (40%)
AED 320,000
Monthly over 25 years at 3.7%
AED 3,273

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