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Studio · 433 sqftSherena Residence, Majan · 5th floor · completed 2017

B511, Sherena Residence

Sold prices and rental history: sold once, by the developer in March 2024, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit B511 · DLD and Ejari recordsUpdated 4 March 2024
Last soldAED 420K4 March 2024
Current rentAED 29K /yr25 June 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for B511, Sherena Residence

What is B511 worth today?

Last sold for AED 420,360 in 2024

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4 Mar 2024Sold by developerReady
AED 420,360AED 970 per sqft
25 Jun 2023RentedRenewal
AED 28,600/yr12 months · AED 66 per sqft
25 Jun 2022RentedNew contract
AED 26,000/yr12 months · AED 60 per sqft
15 May 2019RentedNew contract
AED 35,000/yr12 months · AED 81 per sqft

Source: Dubai Land Department. Updated 4 March 2024.

Key facts

Type
Studio apartment
Size
433 sqft
Floor
5th of 10
Parking
B-130
Developer
Rose Homes Investment
Completed
2017
Service charge
AED 4,700 /yr
Last sold
AED 420K · March 2024
Building
Sherena Residence

About B511, Sherena Residence

B511 is a studio of 433 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 4 March 2024 for AED 420,360, or AED 970 per sqft, 14% above the AED 848 studios in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, renewed on 25 June 2023, is AED 28,600 a year: a gross yield of 6.8% on the 2024 price, before the service charge of about AED 4,700 a year.

Sales and rents for B511 over time

Sales
Unit B511, each saleTypical studio in Sherena Residence
400K2016201920222025Typical sale price by year: 2016 AED 316,775; 2017 AED 359,219; 2023 AED 400,000; 2024 AED 433,785; 2025 AED 549,000; 2026 AED 529,500Sold by developer, March 2024: AED 420,360 (AED 970 per sqft)

B511 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit B511, each contractTypical studio in Sherena Residence
30K40K2017202020232026Typical rent by year: 2017 AED 38,571; 2018 AED 34,286; 2019 AED 33,250; 2020 AED 30,000; 2021 AED 25,000; 2022 AED 28,000; 2023 AED 30,660; 2024 AED 40,000; 2025 AED 45,000; 2026 AED 43,500New contract, May 2019: AED 35,000 a yearNew contract, June 2022: AED 26,000 a yearRenewal, June 2023: AED 28,600 a year

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 B511 sits

All 64 studios →

B511 last sold in March 2024 at AED 970 per sqft, 14% above what studios in Sherena Residence were fetching at the time (AED 848). 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. B511's AED 28,600 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
20 Oct 2026545,000
29 Jul 2026475,000
22 Jul 2026580,000
6 Feb 2026529,000
7 studio 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

B511, Sherena Residence in numbers

  • Sold once: by Rose Homes Investment on 4 March 2024 for AED 420,360, or AED 970 per sqft.
  • Rented since May 2019 on 3 Ejari contracts, from AED 35,000 to AED 28,600 a year.
  • At AED 28,600 a year the gross yield on the 2024 price is 6.8%, before a service charge of about AED 4,700 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 4 March 2024.

Questions about B511, Sherena Residence

What did unit B511 last sell for?

AED 420,360 on 4 March 2024, sold by the developer: AED 970 per sqft for 433 sqft. It is the only registered sale of the unit.

What is the rent for unit B511?

AED 28,600 a year on the contract renewed on 25 June 2023. The previous contract, from June 2022, was AED 26,000; the unit has been rented since May 2019.

How big is unit B511?

433 sqft (40.2 sqm): a studio on the 5th floor of a 10-storey tower completed in 2017.

What is unit B511 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 B511, Sherena Residence

Starts from the last sale price (AED 420K, 4 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 420,360
Deposit, UAE resident (20%)
AED 84,072
Deposit, non-resident (40%)
AED 168,144
Monthly over 25 years at 3.7%
AED 1,720

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