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2-bed · 1,275 sqftSherena Residence, Majan · 7th floor · completed 2017

A707, Sherena Residence

Sold prices and rental history: sold twice, last in March 2019, and rented once, from November 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A707 · DLD and Ejari recordsUpdated 21 March 2019
Last soldAED 950K21 March 2019
Current rentAED 70K /yr3 November 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for A707, Sherena Residence

What is A707 worth today?

Last sold for AED 950,000 in 2019

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21 Mar 2019SoldReady
AED 950,000AED 744 per sqft
3 Nov 2017RentedNew contract
AED 70,286/yr14 months · AED 55 per sqft
22 Aug 2016Sold by developerOff-plan
AED 933,244AED 731 per sqft

Source: Dubai Land Department. Updated 21 March 2019.

Key facts

Type
2-bed apartment
Size
1,275 sqft
Floor
7th of 10
Parking
G-90
Developer
Rose Homes Investment
Completed
2017
Service charge
AED 14,000 /yr
Last sold
AED 950K · March 2019
Building
Sherena Residence

About A707, Sherena Residence

A707 is a two-bedroom apartment of 1,275 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 21 March 2019 for AED 950,000, or AED 744 per sqft, 12% above the AED 666 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 3 November 2017. The current contract, signed on 3 November 2017, is AED 70,286 a year: a gross yield of 7.4% on the 2019 price, before the service charge of about AED 14,000 a year.

Sales and rents for A707 over time

Sales
Unit A707, 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, August 2016: AED 933,244 (AED 731 per sqft)Sold, March 2019: AED 950,000 (AED 744 per sqft)

A707 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit A707, 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 70,286 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 A707 sits

All 98 2-beds →

A707 last sold in March 2019 at AED 744 per sqft, 12% above what two-beds in Sherena Residence were fetching at the time (AED 666). 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. A707's AED 70,286 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 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
A7041-bedAED 550K · Apr 2022
A7051-bedAED 550K · Sep 2022
A7062-bedAED 880K · Mar 2023
A7082-bedAED 910K · Jan 2024
1–7 of 32

A707, Sherena Residence in numbers

  • Sold twice: first on 22 August 2016 for AED 933,244, last on 21 March 2019 for AED 950,000 (AED 744 per sqft).
  • Rented since November 2017 on one Ejari contract, at AED 70,286 a year.
  • At AED 70,286 a year the gross yield on the 2019 price is 7.4%, before a service charge of about AED 14,000 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 21 March 2019.

Questions about A707, Sherena Residence

What did unit A707 last sell for?

AED 950,000 on 21 March 2019: AED 744 per sqft for 1,275 sqft. The unit has 2 registered sales; the first was AED 933,244 in August 2016.

What is the rent for unit A707?

AED 70,286 a year on the contract signed on 3 November 2017.

How big is unit A707?

1,275 sqft (118.5 sqm): a two-bedroom apartment on the 7th floor of a 10-storey tower completed in 2017.

What is unit A707 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 A707, Sherena Residence

Starts from the last sale price (AED 950K, 21 March 2019). Switch to today's estimate once you have unlocked it.
Price
AED 950,000
Deposit, UAE resident (20%)
AED 190,000
Deposit, non-resident (40%)
AED 380,000
Monthly over 25 years at 3.7%
AED 3,887

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