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3-bed · 1,730 sqftSherena Residence, Majan · 5th floor · completed 2017

B513, Sherena Residence

Sold prices and rental history: sold once, by the developer in December 2023, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit B513 · DLD and Ejari recordsUpdated 25 December 2024
Last soldAED 1.2M7 December 2023
Current rentAED 110K /yr25 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for B513, Sherena Residence

What is B513 worth today?

Last sold for AED 1,200,000 in 2023

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25 Dec 2024RentedNew contract
AED 110,000/yr12 months · AED 64 per sqft
25 Dec 2024RentedNew contract
AED 110,000/yr12 months · AED 64 per sqft
25 Dec 2023RentedNew contract
AED 112,000/yr12 months · AED 65 per sqft
7 Dec 2023Sold by developerReady
AED 1,200,000AED 693 per sqft
1 Aug 2022RentedRenewal
AED 78,750/yr12 months · AED 46 per sqft
1 Aug 2021RentedNew contract
AED 75,000/yr12 months · AED 43 per sqft
5 Apr 2021RentedNew contract
AED 110,000/yr12 months · AED 64 per sqft
1 Apr 2020RentedRenewal
AED 82,000/yr12 months · AED 47 per sqft

Source: Dubai Land Department. Updated 25 December 2024.

Key facts

Type
3-bed apartment
Size
1,730 sqft
Floor
5th of 10
Parking
B-132 , B-133
Developer
Rose Homes Investment
Completed
2017
Service charge
AED 18,900 /yr
Last sold
AED 1.2M · December 2023
Building
Sherena Residence

About B513, Sherena Residence

B513 is a three-bedroom apartment of 1,730 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 7 December 2023 for AED 1,200,000, or AED 693 per sqft, in line with the AED 680 three-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 9 Ejari contracts. The current contract, signed on 25 December 2024, is AED 110,000 a year: a gross yield of 9.2% on the 2023 price, before the service charge of about AED 18,900 a year.

Sales and rents for B513 over time

Rents
Unit B513, each contractTypical three-bed in Sherena Residence
80K100K120K2017202020232026Typical rent by year: 2017 AED 83,143; 2019 AED 89,159; 2020 AED 80,000; 2021 AED 75,000; 2022 AED 75,000; 2023 AED 80,000; 2024 AED 110,000; 2025 AED 117,500New contract, December 2017: AED 83,143 a yearNew contract, February 2019: AED 83,143 a yearRenewal, April 2020: AED 82,000 a yearNew contract, April 2021: AED 110,000 a yearNew contract, August 2021: AED 75,000 a yearRenewal, August 2022: AED 78,750 a yearNew contract, December 2023: AED 112,000 a yearNew contract, December 2024: AED 110,000 a yearNew contract, December 2024: AED 110,000 a year

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

3-beds in Sherena Residence, and where B513 sits

All 10 3-beds →

B513 last sold in December 2023 at AED 693 per sqft, in line with what three-beds in Sherena Residence were fetching at the time (AED 680). Over the last 12 months three-beds sold for AED 1,650,000 to 1,700,000, around AED 956 per sqft, and rent for AED 120,000 to 120,000 a year.

Recent 3-bed salesUnit no.Price (AED)Summary
22 Jul 20261,700,000
26 Mar 20261,650,000
18 Dec 20231,200,000
6 Dec 20231,170,000
2 3-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

B513, Sherena Residence in numbers

  • Sold once: by Rose Homes Investment on 7 December 2023 for AED 1,200,000, or AED 693 per sqft.
  • Rented since December 2017 on 9 Ejari contracts, from AED 83,143 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2023 price is 9.2%, before a service charge of about AED 18,900 a year (AED 10.95 per sqft).
  • Three-beds in Sherena Residence sold for AED 1,650,000–1,700,000 in the 12 months to November 2026; the building's median across all types is AED 951 per sqft.

Source: Dubai Land Department. Updated 25 December 2024.

Questions about B513, Sherena Residence

What did unit B513 last sell for?

AED 1,200,000 on 7 December 2023, sold by the developer: AED 693 per sqft for 1,730 sqft. It is the only registered sale of the unit.

What is the rent for unit B513?

AED 110,000 a year on the contract signed on 25 December 2024. The previous contract, from December 2024, was AED 110,000; the unit has been rented since December 2017.

How big is unit B513?

1,730 sqft (160.7 sqm): a three-bedroom apartment on the 5th floor of a 10-storey tower completed in 2017.

What is unit B513 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Sherena Residence sold for AED 1,650,000 to 1,700,000 in the last 12 months, around AED 956 per sqft.

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Mortgage on B513, Sherena Residence

Starts from the last sale price (AED 1.2M, 7 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,200,000
Deposit, UAE resident (20%)
AED 240,000
Deposit, non-resident (40%)
AED 480,000
Monthly over 25 years at 3.7%
AED 4,910

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