Home
Dubai prices
About
Research
2-bed · 1,143 sqftSherena Residence, Majan · 7th floor · completed 2017

A708, Sherena Residence

Sold prices and rental history: sold twice, last in January 2024, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A708 · DLD and Ejari recordsUpdated 5 January 2024
Last soldAED 910K5 January 2024
Current rentAED 64K /yr22 May 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow A708

Property timeline for A708, Sherena Residence

What is A708 worth today?

Last sold for AED 910,000 in 2024

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

5 Jan 2024SoldReady
AED 910,000AED 796 per sqft
22 May 2020RentedRenewal
AED 64,000/yr12 months · AED 56 per sqft
22 Apr 2019RentedRenewal
AED 72,000/yr13 months · AED 63 per sqft
22 Feb 2018RentedNew contract
AED 64,286/yr14 months · AED 56 per sqft
22 Oct 2017Sold by developerReady
AED 812,700AED 710 per sqft

Source: Dubai Land Department. Updated 5 January 2024.

Key facts

Type
2-bed apartment
Size
1,143 sqft
Floor
7th of 10
Parking
G-91
Developer
Rose Homes Investment
Completed
2017
Service charge
AED 12,500 /yr
Last sold
AED 910K · January 2024
Building
Sherena Residence

About A708, Sherena Residence

A708 is a two-bedroom apartment of 1,143 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 5 January 2024 for AED 910,000, or AED 796 per sqft, 10% above the AED 722 two-beds in the building were fetching at the time.

It has been rented since 2018 on 3 Ejari contracts. The current contract, renewed on 22 May 2020, is AED 64,000 a year: a gross yield of 7.0% on the 2024 price, before the service charge of about AED 12,500 a year.

Sales and rents for A708 over time

Sales
Unit A708, each saleTypical two-bed in Sherena Residence
800K1M1.2M2016201920222025Typical 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, October 2017: AED 812,700 (AED 710 per sqft)Sold, January 2024: AED 910,000 (AED 796 per sqft)

A708 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit A708, 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, February 2018: AED 64,286 a yearRenewal, April 2019: AED 72,000 a yearRenewal, May 2020: AED 64,000 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 A708 sits

All 98 2-beds →

A708 last sold in January 2024 at AED 796 per sqft, 10% above what two-beds in Sherena Residence were fetching at the time (AED 722). 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. A708's AED 64,000 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
A7072-bedAED 950K · Mar 2019
1–7 of 32

A708, Sherena Residence in numbers

  • Sold twice: first on 22 October 2017 for AED 812,700, last on 5 January 2024 for AED 910,000 (AED 796 per sqft).
  • Rented since February 2018 on 3 Ejari contracts, from AED 64,286 to AED 64,000 a year.
  • At AED 64,000 a year the gross yield on the 2024 price is 7.0%, before a service charge of about AED 12,500 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 5 January 2024.

Questions about A708, Sherena Residence

What did unit A708 last sell for?

AED 910,000 on 5 January 2024: AED 796 per sqft for 1,143 sqft. The unit has 2 registered sales; the first was AED 812,700 in October 2017.

What is the rent for unit A708?

AED 64,000 a year on the contract renewed on 22 May 2020. The previous contract, from April 2019, was AED 72,000; the unit has been rented since February 2018.

How big is unit A708?

1,143 sqft (106.2 sqm): a two-bedroom apartment on the 7th floor of a 10-storey tower completed in 2017.

What is unit A708 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.

Selling A708? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on A708, Sherena Residence

Starts from the last sale price (AED 910K, 5 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 910,000
Deposit, UAE resident (20%)
AED 182,000
Deposit, non-resident (40%)
AED 364,000
Monthly over 25 years at 3.7%
AED 3,723

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