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2-bed · 1,347 sqftSherena Residence, Majan · 9th floor · completed 2017

A902, Sherena Residence

Sold prices and rental history: sold 3 times, last in February 2024, and rented once, from September 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A902 · DLD and Ejari recordsUpdated 14 February 2024
Last soldAED 1.02M14 February 2024
Current rentAED 50K /yr1 September 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for A902, Sherena Residence

What is A902 worth today?

Last sold for AED 1,015,000 in 2024

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14 Feb 2024SoldReady
AED 1,015,000AED 753 per sqft
1 Sep 2020RentedNew contract
AED 49,540/yr13 months · AED 37 per sqft
26 Nov 2019SoldReady
AED 600,000AED 445 per sqft
9 Jan 2017Sold by developerOff-plan
AED 1,000,000AED 742 per sqft

Source: Dubai Land Department. Updated 14 February 2024.

Key facts

Type
2-bed apartment
Size
1,347 sqft
Floor
9th of 10
Parking
G-97
Developer
Rose Homes Investment
Completed
2017
Service charge
AED 14,800 /yr
Last sold
AED 1.02M · February 2024
Building
Sherena Residence

About A902, Sherena Residence

A902 is a two-bedroom apartment of 1,347 sqft on the 9th floor of Sherena Residence, a 10-storey tower in Majan completed in 2017 by Rose Homes Investment. It last sold on 14 February 2024 for AED 1,015,000, or AED 753 per sqft, 4% above the AED 722 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 September 2020. The current contract, signed on 1 September 2020, is AED 49,540 a year: a gross yield of 4.9% on the 2024 price, before the service charge of about AED 14,800 a year.

Sales and rents for A902 over time

Sales
Unit A902, each saleTypical two-bed in Sherena Residence
500K1M2016201920222025Typical 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, January 2017: AED 1,000,000 (AED 742 per sqft)Sold, November 2019: AED 600,000 (AED 445 per sqft)Sold, February 2024: AED 1,015,000 (AED 753 per sqft)

A902 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit A902, 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, September 2020: AED 49,540 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 A902 sits

All 98 2-beds →

A902 last sold in February 2024 at AED 753 per sqft, 4% 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. A902's AED 49,540 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 9th floor

All 297 units in Sherena Residence
Value
A9011-bedAED 590K · Feb 2023
A9031-bedAED 725K · Jul 2015
A9041-bedAED 725K · Jul 2015
A9051-bedAED 725K · Jul 2015
A9061-bedAED 650K · Dec 2024
A9071-bedAED 615K · Jan 2017
B9012-bedAED 1.27M · Jan 2026
1–7 of 26

A902, Sherena Residence in numbers

  • Sold 3 times: first on 9 January 2017 for AED 1,000,000, last on 14 February 2024 for AED 1,015,000 (AED 753 per sqft).
  • Rented since September 2020 on one Ejari contract, at AED 49,540 a year.
  • At AED 49,540 a year the gross yield on the 2024 price is 4.9%, before a service charge of about AED 14,800 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 14 February 2024.

Questions about A902, Sherena Residence

What did unit A902 last sell for?

AED 1,015,000 on 14 February 2024: AED 753 per sqft for 1,347 sqft. The unit has 3 registered sales; the first was AED 1,000,000 in January 2017.

What is the rent for unit A902?

AED 49,540 a year on the contract signed on 1 September 2020.

How big is unit A902?

1,347 sqft (125.1 sqm): a two-bedroom apartment on the 9th floor of a 10-storey tower completed in 2017.

What is unit A902 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 A902, Sherena Residence

Starts from the last sale price (AED 1.02M, 14 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,015,000
Deposit, UAE resident (20%)
AED 203,000
Deposit, non-resident (40%)
AED 406,000
Monthly over 25 years at 3.7%
AED 4,153

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