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2-bed · 1,308 sqftSherena Residence, Majan · 8th floor · completed 2017

B805, Sherena Residence

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

Unit B805 · DLD and Ejari recordsUpdated 20 June 2024
Last soldAED 1.05M20 June 2024
Current rentAED 57K /yr25 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for B805, Sherena Residence

What is B805 worth today?

Last sold for AED 1,050,000 in 2024

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20 Jun 2024Sold by developerReady
AED 1,050,000AED 802 per sqft
25 Sep 2023RentedRenewal
AED 56,667/yr12 months · AED 43 per sqft
25 Sep 2022RentedRenewal
AED 54,000/yr12 months · AED 41 per sqft
25 Sep 2021RentedNew contract
AED 50,000/yr12 months · AED 38 per sqft
4 Jul 2020RentedNew contract
AED 63,000/yr12 months · AED 48 per sqft
2 Jan 2020RentedNew contract
AED 75,000/yr12 months · AED 57 per sqft
2 Dec 2019RentedNew contract
AED 85,000/yr12 months · AED 65 per sqft
29 Mar 2018RentedNew contract
AED 66,857/yr14 months · AED 51 per sqft

Source: Dubai Land Department. Updated 20 June 2024.

Key facts

Type
2-bed apartment
Size
1,308 sqft
Floor
8th of 10
Parking
G-40
Developer
Rose Homes Investment
Completed
2017
Service charge
AED 14,300 /yr
Last sold
AED 1.05M · June 2024
Building
Sherena Residence

About B805, Sherena Residence

B805 is a two-bedroom apartment of 1,308 sqft on the 8th floor of Sherena Residence, a 10-storey tower in Majan completed in 2017 by Rose Homes Investment. The developer sold it on 20 June 2024 for AED 1,050,000, or AED 802 per sqft, in line with the AED 787 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 7 Ejari contracts. The current contract, renewed on 25 September 2023, is AED 56,667 a year: a gross yield of 5.4% on the 2024 price, before the service charge of about AED 14,300 a year.

Sales and rents for B805 over time

Sales
Unit B805, 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, June 2024: AED 1,050,000 (AED 802 per sqft)

B805 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit B805, 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, March 2018: AED 66,857 a yearNew contract, December 2019: AED 85,000 a yearNew contract, January 2020: AED 75,000 a yearNew contract, July 2020: AED 63,000 a yearNew contract, September 2021: AED 50,000 a yearRenewal, September 2022: AED 54,000 a yearRenewal, September 2023: AED 56,667 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 B805 sits

All 98 2-beds →

B805 last sold in June 2024 at AED 802 per sqft, in line with what two-beds in Sherena Residence were fetching at the time (AED 787). 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. B805's AED 56,667 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 64K /yr
Typical yield
7.6%
Sherena Residence, Majan: prices, sales and rents →

Other units on the 8th floor

All 297 units in Sherena Residence
Value
A8011-bedAED 820K · Nov 2024
A8023-bedAED 1.6M · Oct 2017
A8044-bedNo registered sale
A8061-bedAED 615K · Nov 2017
B8012-bedAED 1.03M · Nov 2024
B802StudioAED 480K · Apr 2024
B803StudioAED 480K · Oct 2024
1–7 of 21

B805, Sherena Residence in numbers

  • Sold once: by Rose Homes Investment on 20 June 2024 for AED 1,050,000, or AED 802 per sqft.
  • Rented since March 2018 on 7 Ejari contracts. The rent fell from AED 66,857 to AED 50,000 in 2021 and recovered to AED 56,667 by September 2023.
  • At AED 56,667 a year the gross yield on the 2024 price is 5.4%, before a service charge of about AED 14,300 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 20 June 2024.

Questions about B805, Sherena Residence

What did unit B805 last sell for?

AED 1,050,000 on 20 June 2024, sold by the developer: AED 802 per sqft for 1,308 sqft. It is the only registered sale of the unit.

What is the rent for unit B805?

AED 56,667 a year on the contract renewed on 25 September 2023. The previous contract, from September 2022, was AED 54,000; the unit has been rented since March 2018.

How big is unit B805?

1,308 sqft (121.5 sqm): a two-bedroom apartment on the 8th floor of a 10-storey tower completed in 2017.

What is unit B805 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 B805, Sherena Residence

Starts from the last sale price (AED 1.05M, 20 June 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,050,000
Deposit, UAE resident (20%)
AED 210,000
Deposit, non-resident (40%)
AED 420,000
Monthly over 25 years at 3.7%
AED 4,296

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