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1-bed · 865 sqftSherena Residence, Majan · 7th floor · completed 2017

A704, Sherena Residence

Sold prices and rental history: sold twice, last in April 2022, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A704 · DLD and Ejari recordsUpdated 20 April 2022
Last soldAED 550K20 April 2022
Current rentAED 42K /yr1 April 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for A704, Sherena Residence

What is A704 worth today?

Last sold for AED 550,000 in 2022

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20 Apr 2022SoldReady
AED 550,000AED 635 per sqft
1 Apr 2021RentedRenewal
AED 42,000/yr12 months · AED 49 per sqft
1 Apr 2020RentedRenewal
AED 47,000/yr12 months · AED 55 per sqft
1 Apr 2019RentedNew contract
AED 50,000/yr12 months · AED 58 per sqft
18 Oct 2017RentedNew contract
AED 60,000/yr12 months · AED 70 per sqft
22 Aug 2016Sold by developerOff-plan
AED 620,012AED 716 per sqft

Source: Dubai Land Department. Updated 20 April 2022.

Key facts

Type
1-bed apartment
Size
865 sqft
Floor
7th of 10
Parking
G-87
Developer
Rose Homes Investment
Completed
2017
Service charge
AED 9,500 /yr
Last sold
AED 550K · April 2022
Building
Sherena Residence

About A704, Sherena Residence

A704 is a one-bedroom apartment of 865 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 20 April 2022 for AED 550,000, or AED 635 per sqft, in line with the AED 631 one-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, renewed on 1 April 2021, is AED 42,000 a year: a gross yield of 7.6% on the 2022 price, before the service charge of about AED 9,500 a year.

Sales and rents for A704 over time

Sales
Unit A704, 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, August 2016: AED 620,012 (AED 716 per sqft)Sold, April 2022: AED 550,000 (AED 635 per sqft)

A704 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit A704, 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, October 2017: AED 60,000 a yearNew contract, April 2019: AED 50,000 a yearRenewal, April 2020: AED 47,000 a yearRenewal, April 2021: AED 42,000 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 A704 sits

All 123 1-beds →

A704 last sold in April 2022 at AED 635 per sqft, in line with what one-beds in Sherena Residence were fetching at the time (AED 631). 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. A704's AED 42,000 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 7th floor

All 297 units in Sherena Residence
Value
A7011-bedAED 865K · Apr 2025
A7022-bedAED 1.2M · Mar 2026
A7031-bedAED 800K · Sep 2024
A7051-bedAED 550K · Sep 2022
A7062-bedAED 880K · Mar 2023
A7072-bedAED 950K · Mar 2019
A7082-bedAED 910K · Jan 2024
1–7 of 32

A704, Sherena Residence in numbers

  • Sold twice: first on 22 August 2016 for AED 620,012, last on 20 April 2022 for AED 550,000 (AED 635 per sqft).
  • Rented since October 2017 on 4 Ejari contracts, from AED 60,000 to AED 42,000 a year.
  • At AED 42,000 a year the gross yield on the 2022 price is 7.6%, before a service charge of about AED 9,500 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 20 April 2022.

Questions about A704, Sherena Residence

What did unit A704 last sell for?

AED 550,000 on 20 April 2022: AED 635 per sqft for 865 sqft. The unit has 2 registered sales; the first was AED 620,012 in August 2016.

What is the rent for unit A704?

AED 42,000 a year on the contract renewed on 1 April 2021. The previous contract, from April 2020, was AED 47,000; the unit has been rented since October 2017.

How big is unit A704?

865 sqft (80.4 sqm): a one-bedroom apartment on the 7th floor of a 10-storey tower completed in 2017.

What is unit A704 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 A704, Sherena Residence

Starts from the last sale price (AED 550K, 20 April 2022). Switch to today's estimate once you have unlocked it.
Price
AED 550,000
Deposit, UAE resident (20%)
AED 110,000
Deposit, non-resident (40%)
AED 220,000
Monthly over 25 years at 3.7%
AED 2,250

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