B701, Sherena Residence
Sold prices and rental history: sold once, by the developer in November 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for B701, Sherena Residence
What is B701 worth today?
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Source: Dubai Land Department. Updated 12 November 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,349 sqft
- Floor
- 7th of 10
- Parking
- B-171
- Developer
- Rose Homes Investment
- Completed
- 2017
- Service charge
- AED 14,800 /yr
- Last sold
- AED 1.02M · November 2024
- Building
- Sherena Residence
About B701, Sherena Residence
B701 is a two-bedroom apartment of 1,349 sqft on the 7th floor of Sherena Residence, a 10-storey tower in Majan completed in 2017 by Rose Homes Investment. The developer sold it on 12 November 2024 for AED 1,020,000, or AED 756 per sqft, in line with the AED 779 two-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 1 June 2024, is AED 64,508 a year: a gross yield of 6.3% on the 2024 price, before the service charge of about AED 14,800 a year.
Sales and rents for B701 over time
B701 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 B701 sits
All 98 2-beds →B701 last sold in November 2024 at AED 756 per sqft, in line with what two-beds in Sherena Residence were fetching at the time (AED 779). 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. B701's AED 64,508 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 64K /yr
- Typical yield
- 7.6%
Other units on the 7th floor
All 297 units in Sherena Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| A701 | 1-bed | 908 sqft | AED 865KAED 865,000 · Apr 2025April 2025 | 54,797 /yr | |
| A702 | 2-bed | 1,347 sqft | AED 1.2MAED 1,200,000 · Mar 2026March 2026 | 65,000 /yr | |
| A703 | 1-bed | 881 sqft | AED 800KAED 800,000 · Sep 2024September 2024 | 45,150 /yr | |
| A704 | 1-bed | 865 sqft | AED 550KAED 550,000 · Apr 2022April 2022 | 42,000 /yr | |
| A705 | 1-bed | 869 sqft | AED 550KAED 550,000 · Sep 2022September 2022 | 51,429 /yr | |
| A706 | 2-bed | 1,348 sqft | AED 880KAED 880,000 · Mar 2023March 2023 | 52,000 /yr | |
| A707 | 2-bed | 1,275 sqft | AED 950KAED 950,000 · Mar 2019March 2019 | 70,286 /yr | |
| A708 | 2-bed | 1,143 sqft | AED 910KAED 910,000 · Jan 2024January 2024 | 64,000 /yr | |
| A709 | Studio | 436 sqft | AED 475KAED 475,000 · Jul 2026July 2026 | 36,000 /yr | |
| A710 | Studio | 437 sqft | AED 360KAED 360,000 · Aug 2020August 2020 | 20,000 /yr | |
| B702 | Studio | 434 sqft | AED 530KAED 530,000 · Jan 2026January 2026 | 38,000 /yr | |
| B703 | Studio | 474 sqft | AED 400KAED 400,000 · Dec 2023December 2023 | 28,000 /yr | |
| B704 | 1-bed | 904 sqft | AED 680KAED 680,000 · Jun 2023June 2023 | 44,000 /yr | |
| B705 | 2-bed | 1,308 sqft | AED 1.05MAED 1,050,000 · Apr 2024April 2024 | 93,000 /yr | |
| B706 | 1-bed | 869 sqft | AED 780KAED 780,000 · Oct 2024October 2024 | 68,000 /yr | |
| B707 | 1-bed | 869 sqft | No registered sale | 67,000 /yr | |
| B708 | 2-bed | 1,308 sqft | AED 940KAED 940,000 · Oct 2023October 2023 | 59,850 /yr | |
| B709 | 1-bed | 904 sqft | AED 670KAED 670,000 · Dec 2023December 2023 | 55,000 /yr | |
| B710 | Studio | 474 sqft | AED 403KAED 403,000 · Apr 2023April 2023 | 26,000 /yr | |
| B711 | Studio | 433 sqft | AED 370KAED 370,000 · Sep 2023September 2023 | 40,000 /yr | |
| B712 | 2-bed | 1,349 sqft | AED 1.05MAED 1,050,000 · Aug 2024August 2024 | 60,638 /yr | |
| B713 | 3-bed | 1,730 sqft | AED 1.17MAED 1,170,000 · Dec 2023December 2023 | 78,750 /yr | |
| C701 | 1-bed | 908 sqft | AED 775KAED 775,000 · Nov 2017November 2017 | 48,294 /yr | |
| C702 | 2-bed | 1,349 sqft | AED 1.02MAED 1,020,000 · Jan 2025January 2025 | 57,750 /yr | |
| C703 | 1-bed | 881 sqft | AED 717KAED 716,777 · Jan 2017January 2017 | 68,000 /yr | |
| C704 | 1-bed | 865 sqft | AED 703KAED 703,088 · Jan 2017January 2017 | 56,000 /yr | |
| C705 | 1-bed | 869 sqft | AED 720KAED 720,000 · Mar 2024March 2024 | 44,000 /yr | |
| C706 | 2-bed | 1,351 sqft | AED 1MAED 1,000,000 · Feb 2018February 2018 | ||
| C707 | 2-bed | 1,276 sqft | AED 1.1MAED 1,100,000 · Oct 2025October 2025 | 68,016 /yr | |
| C708 | 2-bed | 1,143 sqft | AED 850KAED 850,000 · May 2023May 2023 | 55,000 /yr | |
| C709 | Studio | 436 sqft | AED 420KAED 420,000 · Sep 2018September 2018 | 38,571 /yr | |
| C710 | Studio | 437 sqft | AED 380KAED 380,000 · Oct 2023October 2023 | 30,000 /yr |
B701, Sherena Residence in numbers
- Sold once: by Rose Homes Investment on 12 November 2024 for AED 1,020,000, or AED 756 per sqft.
- Rented since September 2019 on 5 Ejari contracts. The rent fell from AED 65,000 to AED 50,000 in 2021 and recovered to AED 64,508 by June 2024.
- At AED 64,508 a year the gross yield on the 2024 price is 6.3%, 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 12 November 2024.
Questions about B701, Sherena Residence
What did unit B701 last sell for?
AED 1,020,000 on 12 November 2024, sold by the developer: AED 756 per sqft for 1,349 sqft. It is the only registered sale of the unit.
What is the rent for unit B701?
AED 64,508 a year on the contract renewed on 1 June 2024. The previous contract, from June 2023, was AED 58,300; the unit has been rented since September 2019.
How big is unit B701?
1,349 sqft (125.3 sqm): a two-bedroom apartment on the 7th floor of a 10-storey tower completed in 2017.
What is unit B701 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 B701, Sherena Residence
Starts from the last sale price (AED 1.02M, 12 November 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 →