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1-bed · 904 sqftSherena Residence, Majan · 7th floor · completed 2017

B704, Sherena Residence

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

Unit B704 · DLD and Ejari recordsUpdated 14 June 2023
Last soldAED 680K14 June 2023
Current rentAED 44K /yr15 April 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for B704, Sherena Residence

What is B704 worth today?

Last sold for AED 680,000 in 2023

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14 Jun 2023Sold by developerReady
AED 680,000AED 752 per sqft
15 Apr 2022RentedRenewal
AED 44,000/yr12 months · AED 49 per sqft
15 Apr 2021RentedNew contract
AED 42,000/yr12 months · AED 46 per sqft
26 Mar 2020RentedNew contract
AED 48,000/yr12 months · AED 53 per sqft
1 Feb 2019RentedNew contract
AED 60,000/yr14 months · AED 66 per sqft
1 Dec 2017RentedNew contract
AED 51,429/yr14 months · AED 57 per sqft

Source: Dubai Land Department. Updated 14 June 2023.

Key facts

Type
1-bed apartment
Size
904 sqft
Floor
7th of 10
Parking
B-174
Developer
Rose Homes Investment
Completed
2017
Service charge
AED 9,900 /yr
Last sold
AED 680K · June 2023
Building
Sherena Residence

About B704, Sherena Residence

B704 is a one-bedroom apartment of 904 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 14 June 2023 for AED 680,000, or AED 752 per sqft, 7% above the AED 705 one-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, renewed on 15 April 2022, is AED 44,000 a year: a gross yield of 6.5% on the 2023 price, before the service charge of about AED 9,900 a year.

Sales and rents for B704 over time

Sales
Unit B704, each saleTypical one-bed in Sherena Residence
600K800K20152018202120242027Typical sale price by year: 2015 AED 724,780; 2016 AED 694,408; 2017 AED 703,088; 2018 AED 546,511; 2021 AED 597,500; 2022 AED 562,500; 2023 AED 680,000; 2024 AED 792,500; 2025 AED 810,000; 2026 AED 900,000Sold by developer, June 2023: AED 680,000 (AED 752 per sqft)

B704 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit B704, each contractTypical one-bed in Sherena Residence
40K60K2017202020232026Typical rent by year: 2017 AED 51,429; 2018 AED 50,882; 2019 AED 49,500; 2020 AED 44,000; 2021 AED 40,000; 2022 AED 42,000; 2023 AED 44,132; 2024 AED 51,213; 2025 AED 62,000; 2026 AED 64,000New contract, December 2017: AED 51,429 a yearNew contract, February 2019: AED 60,000 a yearNew contract, March 2020: AED 48,000 a yearNew contract, April 2021: AED 42,000 a yearRenewal, April 2022: AED 44,000 a year

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

1-beds in Sherena Residence, and where B704 sits

All 123 1-beds →

B704 last sold in June 2023 at AED 752 per sqft, 7% above what one-beds in Sherena Residence were fetching at the time (AED 705). Over the last 12 months one-beds sold for AED 860,000 to 1,000,000, around AED 951 per sqft, and rent for AED 26,000 to 80,000 a year. B704's AED 44,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
14 Aug 2026860,000
26 Feb 2026900,000
20 Feb 20261,000,000
10 Jul 2025760,000
3 1-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 7th floor

All 297 units in Sherena Residence
Value
A7011-bedAED 865K · Apr 2025
A7022-bedAED 1.2M · Mar 2026
A7031-bedAED 800K · Sep 2024
A7041-bedAED 550K · Apr 2022
A7051-bedAED 550K · Sep 2022
A7062-bedAED 880K · Mar 2023
A7072-bedAED 950K · Mar 2019
1–7 of 32

B704, Sherena Residence in numbers

  • Sold once: by Rose Homes Investment on 14 June 2023 for AED 680,000, or AED 752 per sqft.
  • Rented since December 2017 on 5 Ejari contracts, from AED 51,429 to AED 44,000 a year.
  • At AED 44,000 a year the gross yield on the 2023 price is 6.5%, before a service charge of about AED 9,900 a year (AED 10.95 per sqft).
  • One-beds in Sherena Residence sold for AED 860,000–1,000,000 in the 12 months to November 2026; the building's median across all types is AED 951 per sqft.

Source: Dubai Land Department. Updated 14 June 2023.

Questions about B704, Sherena Residence

What did unit B704 last sell for?

AED 680,000 on 14 June 2023, sold by the developer: AED 752 per sqft for 904 sqft. It is the only registered sale of the unit.

What is the rent for unit B704?

AED 44,000 a year on the contract renewed on 15 April 2022. The previous contract, from April 2021, was AED 42,000; the unit has been rented since December 2017.

How big is unit B704?

904 sqft (84.0 sqm): a one-bedroom apartment on the 7th floor of a 10-storey tower completed in 2017.

What is unit B704 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Sherena Residence sold for AED 860,000 to 1,000,000 in the last 12 months, around AED 951 per sqft.

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Mortgage on B704, Sherena Residence

Starts from the last sale price (AED 680K, 14 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 680,000
Deposit, UAE resident (20%)
AED 136,000
Deposit, non-resident (40%)
AED 272,000
Monthly over 25 years at 3.7%
AED 2,782

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