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3-bed · 1,730 sqftSherena Residence, Majan · 6th floor · completed 2017

B613, Sherena Residence

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

Unit B613 · DLD and Ejari recordsUpdated 3 July 2023
Last soldAED 1.19M3 July 2023
Current rentAED 85K /yr10 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for B613, Sherena Residence

What is B613 worth today?

Last sold for AED 1,185,000 in 2023

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3 Jul 2023Sold by developerReady
AED 1,185,000AED 684 per sqft
10 Dec 2022RentedNew contract
AED 85,000/yr12 months · AED 49 per sqft
20 Nov 2021RentedNew contract
AED 70,000/yr12 months · AED 40 per sqft
1 Oct 2020RentedRenewal
AED 80,000/yr12 months · AED 46 per sqft
1 Oct 2019RentedNew contract
AED 87,000/yr12 months · AED 50 per sqft
4 Feb 2019RentedNew contract
AED 84,585/yr14 months · AED 49 per sqft
4 Feb 2019RentedNew contract
AED 90,944/yr13 months · AED 53 per sqft
1 Dec 2017RentedNew contract
AED 84,000/yr14 months · AED 48 per sqft

Source: Dubai Land Department. Updated 3 July 2023.

Key facts

Type
3-bed apartment
Size
1,730 sqft
Floor
6th of 10
Parking
B-109 , B-110
Developer
Rose Homes Investment
Completed
2017
Service charge
AED 18,900 /yr
Last sold
AED 1.19M · July 2023
Building
Sherena Residence

About B613, Sherena Residence

B613 is a three-bedroom apartment of 1,730 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 3 July 2023 for AED 1,185,000, or AED 684 per sqft.

It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, signed on 10 December 2022, is AED 85,000 a year: a gross yield of 7.2% on the 2023 price, before the service charge of about AED 18,900 a year.

Sales and rents for B613 over time

Rents
Unit B613, each contractTypical three-bed in Sherena Residence
75K100K125K2017202020232026Typical 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 84,000 a yearNew contract, February 2019: AED 84,585 a yearNew contract, February 2019: AED 90,944 a yearNew contract, October 2019: AED 87,000 a yearRenewal, October 2020: AED 80,000 a yearNew contract, November 2021: AED 70,000 a yearNew contract, December 2022: AED 85,000 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 B613 sits

All 10 3-beds →

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
7 Dec 20231,200,000
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 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

B613, Sherena Residence in numbers

  • Sold once: by Rose Homes Investment on 3 July 2023 for AED 1,185,000, or AED 684 per sqft.
  • Rented since December 2017 on 7 Ejari contracts. The rent fell from AED 84,000 to AED 70,000 in 2021 and recovered to AED 85,000 by December 2022.
  • At AED 85,000 a year the gross yield on the 2023 price is 7.2%, 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 3 July 2023.

Questions about B613, Sherena Residence

What did unit B613 last sell for?

AED 1,185,000 on 3 July 2023, sold by the developer: AED 684 per sqft for 1,730 sqft. It is the only registered sale of the unit.

What is the rent for unit B613?

AED 85,000 a year on the contract signed on 10 December 2022. The previous contract, from November 2021, was AED 70,000; the unit has been rented since December 2017.

How big is unit B613?

1,730 sqft (160.7 sqm): a three-bedroom apartment on the 6th floor of a 10-storey tower completed in 2017.

What is unit B613 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 B613, Sherena Residence

Starts from the last sale price (AED 1.19M, 3 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,185,000
Deposit, UAE resident (20%)
AED 237,000
Deposit, non-resident (40%)
AED 474,000
Monthly over 25 years at 3.7%
AED 4,848

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