1-bed · 904 sqftSherena Residence, Majan · 5th floor · completed 2017

B504, Sherena Residence

Sold prices and rental history: sold once, by the developer in June 2024, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit B504 · DLD and Ejari recordsUpdated 14 June 2024
Last soldAED 795K14 June 2024
Current rentAED 44K /yr11 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for B504, Sherena Residence

What is B504 worth today?

Last sold for AED 795,000 in 2024

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14 Jun 2024Sold by developerReady
AED 795,000AED 879 per sqft
11 Nov 2023RentedRenewal
AED 44,098/yr10 months · AED 49 per sqft
11 Nov 2022RentedRenewal
AED 44,100/yr12 months · AED 49 per sqft
11 Nov 2021RentedNew contract
AED 42,000/yr12 months · AED 46 per sqft
1 Jun 2020RentedRenewal
AED 45,000/yr12 months · AED 50 per sqft
1 Jun 2019RentedRenewal
AED 47,000/yr12 months · AED 52 per sqft
1 Mar 2019RentedNew contract
AED 62,000/yr3 months · AED 69 per sqft
30 Dec 2017RentedNew contract
AED 53,008/yr14 months · AED 59 per sqft

Source: Dubai Land Department. Updated 14 June 2024.

Key facts

Type
1-bed apartment
Size
904 sqft
Floor
5th of 10
Parking
B-123
Developer
Rose Homes Investment
Completed
2017
Service charge
AED 9,900 /yr
Last sold
AED 795K · June 2024

About B504, Sherena Residence

B504 is a one-bedroom apartment of 904 sqft on the 5th floor of Sherena Residence, a 10-storey tower in Majan completed in 2017 by Rose Homes Investment. The developer sold it on 14 June 2024 for AED 795,000, or AED 879 per sqft, 15% above the AED 762 one-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, renewed on 11 November 2023, is AED 44,098 a year: a gross yield of 5.5% on the 2024 price, before the service charge of about AED 9,900 a year.

Sales and rents for B504 over time

Sales
Unit B504, each saleTypical one-bed in Sherena Residence
600K800K20152018202120242027Typical sale price by year: 2015 AED 724,780; 2016 AED 694,408; 2017 AED 703,088; 2018 AED 546,511; 2021 AED 597,500; 2022 AED 562,500; 2023 AED 680,000; 2024 AED 792,500; 2025 AED 810,000; 2026 AED 900,000Sold by developer, June 2024: AED 795,000 (AED 879 per sqft)

B504 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit B504, each contractTypical one-bed in Sherena Residence
40K60K2017202020232026Typical rent by year: 2017 AED 51,429; 2018 AED 50,882; 2019 AED 49,500; 2020 AED 44,000; 2021 AED 40,000; 2022 AED 42,000; 2023 AED 44,132; 2024 AED 51,213; 2025 AED 62,000; 2026 AED 64,000New contract, December 2017: AED 53,008 a yearNew contract, March 2019: AED 62,000 a yearRenewal, June 2019: AED 47,000 a yearRenewal, June 2020: AED 45,000 a yearNew contract, November 2021: AED 42,000 a yearRenewal, November 2022: AED 44,100 a yearRenewal, November 2023: AED 44,098 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Sherena Residence, and where B504 sits

All 123 1-beds →

B504 last sold in June 2024 at AED 879 per sqft, 15% above what one-beds in Sherena Residence were fetching at the time (AED 762). Over the last 12 months one-beds sold for AED 860,000 to 1,000,000, around AED 951 per sqft, and rent for AED 26,000 to 80,000 a year. B504's AED 44,098 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
14 Aug 2026860,000
26 Feb 2026900,000
20 Feb 20261,000,000
10 Jul 2025760,000
3 1-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 5th floor

All 297 units in Sherena Residence
Value
A5011-bedAED 729K · Dec 2017
A5022-bedAED 1.1M · Nov 2017
A5031-bedAED 360K · Sep 2018
A5041-bedAED 694K · Dec 2017
A5051-bedAED 694K · Dec 2017
A5062-bedAED 1.1M · Dec 2017
A5072-bedAED 1.05M · Dec 2017
1–7 of 32

B504, Sherena Residence in numbers

  • Sold once: by Rose Homes Investment on 14 June 2024 for AED 795,000, or AED 879 per sqft.
  • Rented since December 2017 on 7 Ejari contracts, from AED 53,008 to AED 44,098 a year.
  • At AED 44,098 a year the gross yield on the 2024 price is 5.5%, before a service charge of about AED 9,900 a year (AED 10.95 per sqft).
  • One-beds in Sherena Residence sold for AED 860,000–1,000,000 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 June 2024.

Questions about B504, Sherena Residence

What did unit B504 last sell for?

AED 795,000 on 14 June 2024, sold by the developer: AED 879 per sqft for 904 sqft. It is the only registered sale of the unit.

What is the rent for unit B504?

AED 44,098 a year on the contract renewed on 11 November 2023. The previous contract, from November 2022, was AED 44,100; the unit has been rented since December 2017.

How big is unit B504?

904 sqft (84.0 sqm): a one-bedroom apartment on the 5th floor of a 10-storey tower completed in 2017.

What is unit B504 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Sherena Residence sold for AED 860,000 to 1,000,000 in the last 12 months, around AED 951 per sqft.

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Mortgage on B504, Sherena Residence

Starts from the last sale price (AED 795K, 14 June 2024). Switch to today's estimate once you have unlocked it.
Price
AED 795,000
Deposit, UAE resident (20%)
AED 159,000
Deposit, non-resident (40%)
AED 318,000
Monthly over 25 years at 3.7%
AED 3,253

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