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1-bed · 881 sqftSherena Residence, Majan · 7th floor · completed 2017

A703, Sherena Residence

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

Unit A703 · DLD and Ejari recordsUpdated 30 September 2024
Last soldAED 800K30 September 2024
Current rentAED 45K /yr15 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for A703, Sherena Residence

What is A703 worth today?

Last sold for AED 800,000 in 2024

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30 Sep 2024SoldReady
AED 800,000AED 907 per sqft
15 Feb 2024RentedRenewal
AED 45,150/yr12 months · AED 51 per sqft
15 Feb 2023RentedRenewal
AED 45,150/yr12 months · AED 51 per sqft
15 Feb 2022RentedRenewal
AED 43,000/yr12 months · AED 49 per sqft
15 Feb 2021RentedRenewal
AED 42,000/yr12 months · AED 48 per sqft
15 Feb 2020RentedNew contract
AED 47,000/yr12 months · AED 53 per sqft
15 Jan 2019RentedRenewal
AED 55,385/yr13 months · AED 63 per sqft
15 Nov 2017RentedNew contract
AED 51,429/yr14 months · AED 58 per sqft

Source: Dubai Land Department. Updated 30 September 2024.

Key facts

Type
1-bed apartment
Size
881 sqft
Floor
7th of 10
Parking
G-39
Developer
Rose Homes Investment
Completed
2017
Service charge
AED 9,700 /yr
Last sold
AED 800K · September 2024
Building
Sherena Residence

About A703, Sherena Residence

A703 is a one-bedroom apartment of 881 sqft on the 7th floor of Sherena Residence, a 10-storey tower in Majan completed in 2017 by Rose Homes Investment. It last sold on 30 September 2024 for AED 800,000, or AED 907 per sqft, 14% above the AED 799 one-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, renewed on 15 February 2024, is AED 45,150 a year: a gross yield of 5.6% on the 2024 price, before the service charge of about AED 9,700 a year.

Sales and rents for A703 over time

Sales
Unit A703, each saleTypical one-bed in Sherena Residence
500K750K20152018202120242027Typical 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, November 2017: AED 361,694 (AED 410 per sqft)Sold, September 2024: AED 800,000 (AED 907 per sqft)

A703 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit A703, 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 51,429 a yearRenewal, January 2019: AED 55,385 a yearNew contract, February 2020: AED 47,000 a yearRenewal, February 2021: AED 42,000 a yearRenewal, February 2022: AED 43,000 a yearRenewal, February 2023: AED 45,150 a yearRenewal, February 2024: AED 45,150 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 A703 sits

All 123 1-beds →

A703 last sold in September 2024 at AED 907 per sqft, 14% above what one-beds in Sherena Residence were fetching at the time (AED 799). 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. A703's AED 45,150 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 63K /yr
Typical yield
7.6%
Sherena Residence, Majan: prices, sales and rents →

Other units on the 7th floor

All 297 units in Sherena Residence
Value
A7011-bedAED 865K · Apr 2025
A7022-bedAED 1.2M · Mar 2026
A7041-bedAED 550K · Apr 2022
A7051-bedAED 550K · Sep 2022
A7062-bedAED 880K · Mar 2023
A7072-bedAED 950K · Mar 2019
A7082-bedAED 910K · Jan 2024
1–7 of 32

A703, Sherena Residence in numbers

  • Sold twice: first on 1 November 2017 for AED 361,694, last on 30 September 2024 for AED 800,000 (AED 907 per sqft).
  • Rented since November 2017 on 7 Ejari contracts, from AED 51,429 to AED 45,150 a year.
  • At AED 45,150 a year the gross yield on the 2024 price is 5.6%, before a service charge of about AED 9,700 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 30 September 2024.

Questions about A703, Sherena Residence

What did unit A703 last sell for?

AED 800,000 on 30 September 2024: AED 907 per sqft for 881 sqft. The unit has 2 registered sales; the first was AED 361,694 in November 2017.

What is the rent for unit A703?

AED 45,150 a year on the contract renewed on 15 February 2024. The previous contract, from February 2023, was AED 45,150; the unit has been rented since November 2017.

How big is unit A703?

881 sqft (81.8 sqm): a one-bedroom apartment on the 7th floor of a 10-storey tower completed in 2017.

What is unit A703 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 A703, Sherena Residence

Starts from the last sale price (AED 800K, 30 September 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 →