B508, Sherena Residence
Sold prices and rental history: sold once, by the developer in September 2023, 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 B508, Sherena Residence
What is B508 worth today?
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Source: Dubai Land Department. Updated 13 September 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,308 sqft
- Floor
- 5th of 10
- Parking
- B-127
- Developer
- Rose Homes Investment
- Completed
- 2017
- Service charge
- AED 14,300 /yr
- Last sold
- AED 950K · September 2023
- Building
- Sherena Residence
About B508, Sherena Residence
B508 is a two-bedroom apartment of 1,308 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 13 September 2023 for AED 950,000, or AED 726 per sqft, 5% above the AED 689 two-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, renewed on 7 July 2022, is AED 55,000 a year: a gross yield of 5.8% on the 2023 price, before the service charge of about AED 14,300 a year.
Sales and rents for B508 over time
B508 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 B508 sits
All 98 2-beds →B508 last sold in September 2023 at AED 726 per sqft, 5% above what two-beds in Sherena Residence were fetching at the time (AED 689). 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. B508's AED 55,000 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 63K /yr
- Typical yield
- 7.6%
Other units on the 5th floor
All 297 units in Sherena Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| A501 | 1-bed | 907 sqft | AED 729KAED 729,368 · Dec 2017December 2017 | 43,000 /yr | |
| A502 | 2-bed | 1,347 sqft | AED 1.1MAED 1,103,872 · Nov 2017November 2017 | 68,571 /yr | |
| A503 | 1-bed | 881 sqft | AED 360KAED 360,000 · Sep 2018September 2018 | 57,750 /yr | |
| A504 | 1-bed | 865 sqft | AED 694KAED 694,408 · Dec 2017December 2017 | 39,000 /yr | |
| A505 | 1-bed | 869 sqft | AED 694KAED 694,408 · Dec 2017December 2017 | 55,000 /yr | |
| A506 | 2-bed | 1,348 sqft | AED 1.1MAED 1,103,872 · Dec 2017December 2017 | 83,000 /yr | |
| A507 | 2-bed | 1,274 sqft | AED 1.05MAED 1,045,224 · Dec 2017December 2017 | ||
| A508 | 2-bed | 1,142 sqft | AED 929KAED 928,720 · Dec 2017December 2017 | 84,000 /yr | |
| A509 | Studio | 436 sqft | AED 443KAED 443,470 · May 2017May 2017 | 43,000 /yr | |
| A510 | Studio | 438 sqft | AED 580KAED 580,000 · Jul 2026July 2026 | 48,000 /yr | |
| B501 | 2-bed | 1,353 sqft | AED 1MAED 1,000,000 · Aug 2024August 2024 | 70,000 /yr | |
| B502 | Studio | 434 sqft | AED 485KAED 485,000 · Jan 2026January 2026 | 35,700 /yr | |
| B503 | Studio | 474 sqft | No registered sale | 40,000 /yr | |
| B504 | 1-bed | 904 sqft | AED 795KAED 795,000 · Jun 2024June 2024 | 44,098 /yr | |
| B505 | 2-bed | 1,308 sqft | AED 1.03MAED 1,030,000 · Apr 2024April 2024 | 57,750 /yr | |
| B506 | 1-bed | 869 sqft | No registered sale | 65,000 /yr | |
| B507 | 1-bed | 869 sqft | No registered sale | 80,000 /yr | |
| B509 | 1-bed | 904 sqft | AED 680KAED 680,000 · May 2023May 2023 | 26,000 /yr | |
| B510 | Studio | 474 sqft | AED 400KAED 400,000 · Nov 2023November 2023 | 40,000 /yr | |
| B511 | Studio | 433 sqft | AED 420KAED 420,360 · Mar 2024March 2024 | 28,600 /yr | |
| B512 | 2-bed | 1,353 sqft | AED 1.03MAED 1,030,000 · Sep 2024September 2024 | 60,375 /yr | |
| B513 | 3-bed | 1,730 sqft | AED 1.2MAED 1,200,000 · Dec 2023December 2023 | 110,000 /yr | |
| C501 | 1-bed | 907 sqft | AED 729KAED 729,368 · Jun 2016June 2016 | 44,000 /yr | |
| C502 | 2-bed | 1,349 sqft | AED 1.1MAED 1,103,872 · Jun 2016June 2016 | 67,489 /yr | |
| C503 | 1-bed | 881 sqft | AED 708KAED 707,928 · Jun 2016June 2016 | 43,000 /yr | |
| C504 | 1-bed | 865 sqft | AED 694KAED 694,408 · Jun 2016June 2016 | 65,000 /yr | |
| C505 | 1-bed | 869 sqft | AED 694KAED 694,408 · Jun 2016June 2016 | 60,000 /yr | |
| C506 | 2-bed | 1,351 sqft | AED 1.1MAED 1,103,872 · Jun 2016June 2016 | 58,000 /yr | |
| C507 | 2-bed | 1,274 sqft | AED 1.05MAED 1,045,224 · Jun 2016June 2016 | 69,458 /yr | |
| C508 | 2-bed | 1,142 sqft | AED 929KAED 928,720 · Jun 2016June 2016 | 66,701 /yr | |
| C509 | Studio | 436 sqft | AED 355KAED 354,784 · Jun 2016June 2016 | 38,808 /yr | |
| C510 | Studio | 439 sqft | AED 355KAED 354,784 · Jun 2016June 2016 | 36,465 /yr |
B508, Sherena Residence in numbers
- Sold once: by Rose Homes Investment on 13 September 2023 for AED 950,000, or AED 726 per sqft.
- Rented since January 2018 on 5 Ejari contracts, from AED 68,571 to AED 55,000 a year.
- At AED 55,000 a year the gross yield on the 2023 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 13 September 2023.
Questions about B508, Sherena Residence
What did unit B508 last sell for?
AED 950,000 on 13 September 2023, sold by the developer: AED 726 per sqft for 1,308 sqft. It is the only registered sale of the unit.
What is the rent for unit B508?
AED 55,000 a year on the contract renewed on 7 July 2022. The previous contract, from July 2021, was AED 53,000; the unit has been rented since January 2018.
How big is unit B508?
1,308 sqft (121.5 sqm): a two-bedroom apartment on the 5th floor of a 10-storey tower completed in 2017.
What is unit B508 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 B508, Sherena Residence
Starts from the last sale price (AED 950K, 13 September 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 950,000
- Deposit, UAE resident (20%)
- AED 190,000
- Deposit, non-resident (40%)
- AED 380,000
- Monthly over 25 years at 3.7%
- AED 3,887
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →