2-bed · 1,353 sqftSherena Residence, Majan · 6th floor · completed 2017

B601, Sherena Residence

Sold prices and rental history: sold once, by the developer in September 2024, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit B601 · DLD and Ejari recordsUpdated 9 September 2024
Last soldAED 1.02M9 September 2024
Current rentAED 55K /yr15 October 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for B601, Sherena Residence

What is B601 worth today?

Last sold for AED 1,020,000 in 2024

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9 Sep 2024Sold by developerReady
AED 1,020,000AED 753 per sqft
15 Oct 2021RentedNew contract
AED 55,000/yr12 months · AED 41 per sqft
25 Sep 2020RentedNew contract
AED 53,000/yr12 months · AED 39 per sqft
13 Aug 2018RentedNew contract
AED 78,000/yr12 months · AED 58 per sqft

Source: Dubai Land Department. Updated 9 September 2024.

Key facts

Type
2-bed apartment
Size
1,353 sqft
Floor
6th of 10
Parking
B-134
Developer
Rose Homes Investment
Completed
2017
Service charge
AED 14,800 /yr
Last sold
AED 1.02M · September 2024

About B601, Sherena Residence

B601 is a two-bedroom apartment of 1,353 sqft on the 6th floor of Sherena Residence, a 10-storey tower in Majan completed in 2017 by Rose Homes Investment. The developer sold it on 9 September 2024 for AED 1,020,000, or AED 753 per sqft, 4% below the AED 783 two-beds in the building were fetching at the time.

It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 15 October 2021, is AED 55,000 a year: a gross yield of 5.4% on the 2024 price, before the service charge of about AED 14,800 a year.

Sales and rents for B601 over time

Sales
Unit B601, each saleTypical two-bed in Sherena Residence
1M1.2M2016201920222025Typical sale price by year: 2016 AED 992,994; 2017 AED 980,382; 2018 AED 874,613; 2019 AED 950,000; 2023 AED 895,000; 2024 AED 1,030,000; 2025 AED 1,050,000; 2026 AED 1,210,000Sold by developer, September 2024: AED 1,020,000 (AED 753 per sqft)

B601 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit B601, each contractTypical two-bed in Sherena Residence
60K80K2017202020232026Typical rent by year: 2017 AED 68,571; 2018 AED 70,286; 2019 AED 68,000; 2020 AED 60,000; 2021 AED 51,000; 2022 AED 55,375; 2023 AED 58,800; 2024 AED 66,000; 2025 AED 86,500; 2026 AED 85,000New contract, August 2018: AED 78,000 a yearNew contract, September 2020: AED 53,000 a yearNew contract, October 2021: AED 55,000 a year

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 B601 sits

All 98 2-beds →

B601 last sold in September 2024 at AED 753 per sqft, 4% below what two-beds in Sherena Residence were fetching at the time (AED 783). 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. B601's AED 55,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
10 Jun 20261,150,000
17 Apr 20261,250,000
25 Mar 20261,200,000
11 Mar 20261,210,000
7 2-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 6th floor

All 297 units in Sherena Residence
Value
A6011-bedAED 800K · Jul 2024
A6022-bedAED 1.25M · Apr 2026
A6031-bedAED 723K · Jul 2017
A6041-bedAED 840K · Feb 2025
A6051-bedAED 560K · Sep 2022
A6062-bedAED 900K · Jan 2024
A6072-bedAED 440K · Dec 2019
1–7 of 32

B601, Sherena Residence in numbers

  • Sold once: by Rose Homes Investment on 9 September 2024 for AED 1,020,000, or AED 753 per sqft.
  • Rented since August 2018 on 3 Ejari contracts, from AED 78,000 to AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2024 price is 5.4%, before a service charge of about AED 14,800 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 9 September 2024.

Questions about B601, Sherena Residence

What did unit B601 last sell for?

AED 1,020,000 on 9 September 2024, sold by the developer: AED 753 per sqft for 1,353 sqft. It is the only registered sale of the unit.

What is the rent for unit B601?

AED 55,000 a year on the contract signed on 15 October 2021. The previous contract, from September 2020, was AED 53,000; the unit has been rented since August 2018.

How big is unit B601?

1,353 sqft (125.7 sqm): a two-bedroom apartment on the 6th floor of a 10-storey tower completed in 2017.

What is unit B601 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 B601, Sherena Residence

Starts from the last sale price (AED 1.02M, 9 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,020,000
Deposit, UAE resident (20%)
AED 204,000
Deposit, non-resident (40%)
AED 408,000
Monthly over 25 years at 3.7%
AED 4,173

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