B1003, Sherena Residence
Sold prices and rental history: sold once, by the developer in March 2024, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for B1003, Sherena Residence
What is B1003 worth today?
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Source: Dubai Land Department. Updated 7 March 2024.
Key facts
- Type
- Studio apartment
- Size
- 474 sqft
- Floor
- 10th of 10
- Parking
- G-110
- Developer
- Rose Homes Investment
- Completed
- 2017
- Service charge
- AED 5,200 /yr
- Last sold
- AED 450K · March 2024
- Building
- Sherena Residence
About B1003, Sherena Residence
B1003 is a studio of 474 sqft on the 10th floor of Sherena Residence, a 10-storey tower in Majan completed in 2017 by Rose Homes Investment. The developer sold it on 7 March 2024 for AED 450,000, or AED 950 per sqft, 12% above the AED 849 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, renewed on 8 October 2022, is AED 27,500 a year: a gross yield of 6.1% on the 2024 price, before the service charge of about AED 5,200 a year.
Sales and rents for B1003 over time
B1003 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Sherena Residence, and where B1003 sits
All 64 studios →B1003 last sold in March 2024 at AED 950 per sqft, 12% above what studios in Sherena Residence were fetching at the time (AED 849). Over the last 12 months studios sold for AED 475,000 to 580,000, around AED 1,158 per sqft, and rent for AED 35,700 to 60,000 a year. B1003's AED 27,500 is at the bottom of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 20 Oct 202620 October 2026 | 537 sqft | 545,000 | 1,014 | ||
| 29 Jul 202629 July 2026 | 436 sqft | 475,000 | 1,088 | ||
| 22 Jul 202622 July 2026 | 438 sqft | 580,000 | 1,322 | ||
| 6 Feb 20266 February 2026 | 438 sqft | 529,000 | 1,206 |
Sherena Residence
Building297 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%
Other units on the 10th floor
All 297 units in Sherena Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| A1001 | 1-bed | 908 sqft | AED 625KAED 625,000 · Mar 2021March 2021 | 58,000 /yr | |
| A1002 | 2-bed | 1,347 sqft | AED 1.03MAED 1,025,000 · Mar 2024March 2024 | 57,200 /yr | |
| A1003 | 1-bed | 881 sqft | AED 725KAED 724,780 · Jul 2015July 2015 | 51,975 /yr | |
| A1004 | 1-bed | 865 sqft | AED 680KAED 680,000 · Oct 2023October 2023 | 49,714 /yr | |
| A1005 | 1-bed | 869 sqft | AED 680KAED 680,000 · Oct 2017October 2017 | 53,021 /yr | |
| A1006 | 1-bed | 1,386 sqft | AED 775KAED 775,000 · Nov 2022November 2022 | ||
| B1001 | 2-bed | 1,353 sqft | AED 1.02MAED 1,020,000 · Dec 2024December 2024 | 40,000 /yr | |
| B1002 | Studio | 434 sqft | No registered sale | 42,000 /yr | |
| B1004 | 1-bed | 904 sqft | No registered sale | 44,100 /yr | |
| B1005 | 2-bed | 1,308 sqft | AED 1.03MAED 1,030,000 · Feb 2024February 2024 | 58,800 /yr | |
| B1006 | 1-bed | 869 sqft | No registered sale | 70,000 /yr | |
| B1007 | 1-bed | 869 sqft | No registered sale | 65,000 /yr | |
| B1008 | 2-bed | 1,308 sqft | AED 1.03MAED 1,030,000 · May 2024May 2024 | 60,000 /yr | |
| B1009 | 1-bed | 904 sqft | AED 800KAED 800,000 · Oct 2024October 2024 | 70,000 /yr | |
| B1010 | Studio | 474 sqft | No registered sale | 45,000 /yr | |
| B1011 | Studio | 433 sqft | AED 530KAED 530,000 · Jul 2025July 2025 | 48,000 /yr | |
| B1012 | 2-bed | 1,353 sqft | AED 1.03MAED 1,030,000 · Dec 2024December 2024 | 55,000 /yr | |
| B1013 | 3-bed | 1,730 sqft | AED 1.7MAED 1,700,000 · Jul 2026July 2026 | 115,000 /yr | |
| C1001 | 1-bed | 908 sqft | AED 730KAED 730,000 · Feb 2017February 2017 | ||
| C1002 | 2-bed | 1,350 sqft | AED 1.05MAED 1,050,000 · Apr 2025April 2025 | 90,000 /yr | |
| C1003 | 1-bed | 881 sqft | AED 725KAED 725,000 · Aug 2017August 2017 | ||
| C1004 | 1-bed | 865 sqft | AED 673KAED 672,700 · Jul 2017July 2017 | ||
| C1005 | 1-bed | 870 sqft | AED 900KAED 900,000 · Feb 2026February 2026 | 55,800 /yr | |
| C1006 | 1-bed | 1,391 sqft | AED 1MAED 1,000,000 · Feb 2026February 2026 | 80,000 /yr |
B1003, Sherena Residence in numbers
- Sold once: by Rose Homes Investment on 7 March 2024 for AED 450,000, or AED 950 per sqft.
- Rented since January 2018 on 5 Ejari contracts, from AED 34,286 to AED 27,500 a year.
- At AED 27,500 a year the gross yield on the 2024 price is 6.1%, before a service charge of about AED 5,200 a year (AED 10.95 per sqft).
- Studios in Sherena Residence sold for AED 475,000–580,000 in the 12 months to November 2026; the building's median across all types is AED 951 per sqft.
Source: Dubai Land Department. Updated 7 March 2024.
Questions about B1003, Sherena Residence
What did unit B1003 last sell for?
AED 450,000 on 7 March 2024, sold by the developer: AED 950 per sqft for 474 sqft. It is the only registered sale of the unit.
What is the rent for unit B1003?
AED 27,500 a year on the contract renewed on 8 October 2022. The previous contract, from October 2021, was AED 25,000; the unit has been rented since January 2018.
How big is unit B1003?
474 sqft (44.0 sqm): a studio on the 10th floor of a 10-storey tower completed in 2017.
What is unit B1003 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Sherena Residence sold for AED 475,000 to 580,000 in the last 12 months, around AED 1,158 per sqft.
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Mortgage on B1003, Sherena Residence
Starts from the last sale price (AED 450K, 7 March 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 450,000
- Deposit, UAE resident (20%)
- AED 90,000
- Deposit, non-resident (40%)
- AED 180,000
- Monthly over 25 years at 3.7%
- AED 1,841
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →