2-bed · 1,349 sqftSherena Residence, Majan · 4th floor · completed 2017

B401, Sherena Residence

Sold prices and rental history: sold once, by the developer in October 2024, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit B401 · DLD and Ejari recordsUpdated 3 October 2024
Last soldAED 1.04M3 October 2024
Current rentAED 62K /yr10 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for B401, Sherena Residence

What is B401 worth today?

Last sold for AED 1,035,000 in 2024

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3 Oct 2024Sold by developerReady
AED 1,035,000AED 767 per sqft
10 Apr 2024RentedRenewal
AED 62,059/yr5 months · AED 46 per sqft
10 Apr 2023RentedRenewal
AED 56,100/yr12 months · AED 42 per sqft
10 Apr 2022RentedRenewal
AED 51,000/yr12 months · AED 38 per sqft
10 Apr 2021RentedNew contract
AED 50,000/yr12 months · AED 37 per sqft
15 Dec 2019RentedNew contract
AED 65,000/yr12 months · AED 48 per sqft
15 Jun 2018RentedNew contract
AED 78,000/yr14 months · AED 58 per sqft

Source: Dubai Land Department. Updated 3 October 2024.

Key facts

Type
2-bed apartment
Size
1,349 sqft
Floor
4th of 10
Parking
B-91
Developer
Rose Homes Investment
Completed
2017
Service charge
AED 14,800 /yr
Last sold
AED 1.04M · October 2024

About B401, Sherena Residence

B401 is a two-bedroom apartment of 1,349 sqft on the 4th floor of Sherena Residence, a 10-storey tower in Majan completed in 2017 by Rose Homes Investment. The developer sold it on 3 October 2024 for AED 1,035,000, or AED 767 per sqft, in line with the AED 779 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, renewed on 10 April 2024, is AED 62,059 a year: a gross yield of 6.0% on the 2024 price, before the service charge of about AED 14,800 a year.

Sales and rents for B401 over time

Sales
Unit B401, 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, October 2024: AED 1,035,000 (AED 767 per sqft)

B401 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit B401, 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, June 2018: AED 78,000 a yearNew contract, December 2019: AED 65,000 a yearNew contract, April 2021: AED 50,000 a yearRenewal, April 2022: AED 51,000 a yearRenewal, April 2023: AED 56,100 a yearRenewal, April 2024: AED 62,059 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 B401 sits

All 98 2-beds →

B401 last sold in October 2024 at AED 767 per sqft, in line with what two-beds in Sherena Residence were fetching at the time (AED 779). 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. B401's AED 62,059 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 63K /yr
Typical yield
7.6%
Sherena Residence, Majan: prices, sales and rents →

Other units on the 4th floor

All 297 units in Sherena Residence
Value
A4011-bedAED 610K · Aug 2022
A4022-bedAED 1.21M · Mar 2026
A4031-bedAED 761K · Sep 2016
A4041-bedAED 650K · Apr 2018
A4051-bedAED 564K · Aug 2018
A4062-bedAED 1.2M · Mar 2026
A4072-bedAED 849K · Sep 2018
1–7 of 32

B401, Sherena Residence in numbers

  • Sold once: by Rose Homes Investment on 3 October 2024 for AED 1,035,000, or AED 767 per sqft.
  • Rented since June 2018 on 6 Ejari contracts. The rent fell from AED 78,000 to AED 50,000 in 2021 and recovered to AED 62,059 by April 2024.
  • At AED 62,059 a year the gross yield on the 2024 price is 6.0%, 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 3 October 2024.

Questions about B401, Sherena Residence

What did unit B401 last sell for?

AED 1,035,000 on 3 October 2024, sold by the developer: AED 767 per sqft for 1,349 sqft. It is the only registered sale of the unit.

What is the rent for unit B401?

AED 62,059 a year on the contract renewed on 10 April 2024. The previous contract, from April 2023, was AED 56,100; the unit has been rented since June 2018.

How big is unit B401?

1,349 sqft (125.3 sqm): a two-bedroom apartment on the 4th floor of a 10-storey tower completed in 2017.

What is unit B401 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 B401, Sherena Residence

Starts from the last sale price (AED 1.04M, 3 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,035,000
Deposit, UAE resident (20%)
AED 207,000
Deposit, non-resident (40%)
AED 414,000
Monthly over 25 years at 3.7%
AED 4,235

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