B408, Sherena Residence
Sold prices and rental history: sold once, by the developer in August 2024, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for B408, Sherena Residence
What is B408 worth today?
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Source: Dubai Land Department. Updated 12 August 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,309 sqft
- Floor
- 4th of 10
- Parking
- B-98
- Developer
- Rose Homes Investment
- Completed
- 2017
- Service charge
- AED 14,300 /yr
- Last sold
- AED 1.05M · August 2024
- Building
- Sherena Residence
About B408, Sherena Residence
B408 is a two-bedroom apartment of 1,309 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 12 August 2024 for AED 1,050,000, or AED 802 per sqft, in line with the AED 787 two-beds in the building were fetching at the time.
It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 15 May 2023, is AED 60,625 a year: a gross yield of 5.8% on the 2024 price, before the service charge of about AED 14,300 a year.
Sales and rents for B408 over time
B408 has sold once; the dashed line is the two-bed median of each year in the building.
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 B408 sits
All 98 2-beds →B408 last sold in August 2024 at AED 802 per sqft, in line with what two-beds in Sherena Residence were fetching at the time (AED 787). 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. B408's AED 60,625 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 10 Jun 202610 June 2026 | 1,351 sqft | 1,150,000 | 851 | ||
| 17 Apr 202617 April 2026 | 1,347 sqft | 1,250,000 | 927 | ||
| 25 Mar 202625 March 2026 | 1,347 sqft | 1,200,000 | 890 | ||
| 11 Mar 202611 March 2026 | 1,347 sqft | 1,210,000 | 898 |
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 64K /yr
- Typical yield
- 7.6%
Other units on the 4th floor
All 297 units in Sherena Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| A401 | 1-bed | 908 sqft | AED 610KAED 610,000 · Aug 2022August 2022 | ||
| A402 | 2-bed | 1,347 sqft | AED 1.21MAED 1,210,000 · Mar 2026March 2026 | 90,000 /yr | |
| A403 | 1-bed | 881 sqft | AED 761KAED 761,021 · Sep 2016September 2016 | 60,000 /yr | |
| A404 | 1-bed | 865 sqft | AED 650KAED 650,000 · Apr 2018April 2018 | 60,000 /yr | |
| A405 | 1-bed | 869 sqft | AED 564KAED 564,206 · Aug 2018August 2018 | 70,000 /yr | |
| A406 | 2-bed | 1,348 sqft | AED 1.2MAED 1,200,000 · Mar 2026March 2026 | 63,454 /yr | |
| A407 | 2-bed | 1,275 sqft | AED 849KAED 849,225 · Sep 2018September 2018 | 85,000 /yr | |
| A408 | 2-bed | 1,143 sqft | AED 900KAED 900,000 · Jan 2024January 2024 | 60,900 /yr | |
| A409 | Studio | 436 sqft | AED 370KAED 370,000 · Jul 2023July 2023 | 44,000 /yr | |
| A410 | Studio | 438 sqft | AED 433KAED 433,000 · May 2024May 2024 | 45,000 /yr | |
| B401 | 2-bed | 1,349 sqft | AED 1.04MAED 1,035,000 · Oct 2024October 2024 | 62,059 /yr | |
| B402 | Studio | 434 sqft | No registered sale | 50,000 /yr | |
| B403 | Studio | 474 sqft | AED 400KAED 400,000 · Nov 2023November 2023 | 28,000 /yr | |
| B404 | 1-bed | 904 sqft | AED 680KAED 680,000 · Aug 2023August 2023 | 60,000 /yr | |
| B405 | 2-bed | 1,309 sqft | AED 1.03MAED 1,030,000 · Jul 2024July 2024 | 82,000 /yr | |
| B406 | 1-bed | 869 sqft | No registered sale | 60,000 /yr | |
| B407 | 1-bed | 869 sqft | AED 650KAED 650,000 · Dec 2023December 2023 | 56,000 /yr | |
| B409 | 1-bed | 904 sqft | AED 860KAED 860,000 · Aug 2026August 2026 | 44,178 /yr | |
| B410 | Studio | 474 sqft | AED 400KAED 400,000 · Aug 2023August 2023 | 44,000 /yr | |
| B411 | Studio | 433 sqft | No registered sale | 50,000 /yr | |
| B412 | 2-bed | 1,349 sqft | AED 1.05MAED 1,050,000 · Jun 2024June 2024 | 57,200 /yr | |
| B413 | 3-bed | 1,730 sqft | AED 1.17MAED 1,170,000 · May 2023May 2023 | 85,000 /yr | |
| C401 | 1-bed | 908 sqft | AED 708KAED 708,045 · Nov 2017November 2017 | 44,000 /yr | |
| C402 | 2-bed | 1,349 sqft | AED 1.15MAED 1,150,000 · May 2024May 2024 | 93,000 /yr | |
| C403 | 1-bed | 881 sqft | AED 717KAED 716,777 · Jan 2017January 2017 | 65,000 /yr | |
| C404 | 1-bed | 865 sqft | AED 703KAED 703,088 · Jan 2017January 2017 | 54,000 /yr | |
| C405 | 1-bed | 869 sqft | AED 703KAED 703,088 · Jan 2017January 2017 | 65,000 /yr | |
| C406 | 2-bed | 1,351 sqft | AED 1.15MAED 1,150,000 · May 2024May 2024 | 66,701 /yr | |
| C407 | 2-bed | 1,276 sqft | AED 995KAED 994,882 · Dec 2017December 2017 | 58,300 /yr | |
| C408 | 2-bed | 1,143 sqft | AED 892KAED 891,712 · Nov 2017November 2017 | 90,000 /yr | |
| C409 | Studio | 436 sqft | AED 340KAED 340,213 · Nov 2017November 2017 | 30,000 /yr | |
| C410 | Studio | 439 sqft | AED 342KAED 342,100 · Dec 2017December 2017 | 40,000 /yr |
B408, Sherena Residence in numbers
- Sold once: by Rose Homes Investment on 12 August 2024 for AED 1,050,000, or AED 802 per sqft.
- Rented since May 2019 on 3 Ejari contracts, from AED 68,000 to AED 60,625 a year.
- At AED 60,625 a year the gross yield on the 2024 price is 5.8%, before a service charge of about AED 14,300 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 12 August 2024.
Questions about B408, Sherena Residence
What did unit B408 last sell for?
AED 1,050,000 on 12 August 2024, sold by the developer: AED 802 per sqft for 1,309 sqft. It is the only registered sale of the unit.
What is the rent for unit B408?
AED 60,625 a year on the contract signed on 15 May 2023. The previous contract, from May 2020, was AED 63,000; the unit has been rented since May 2019.
How big is unit B408?
1,309 sqft (121.6 sqm): a two-bedroom apartment on the 4th floor of a 10-storey tower completed in 2017.
What is unit B408 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 B408, Sherena Residence
Starts from the last sale price (AED 1.05M, 12 August 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,050,000
- Deposit, UAE resident (20%)
- AED 210,000
- Deposit, non-resident (40%)
- AED 420,000
- Monthly over 25 years at 3.7%
- AED 4,296
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →