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2-bed · 1,143 sqftSherena Residence, Majan · 4th floor · completed 2017

C408, Sherena Residence

Sold prices and rental history: sold once, by the developer in November 2017, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit C408 · DLD and Ejari recordsUpdated 23 June 2026
Last soldAED 892K22 November 2017
Current rentAED 90K /yr23 June 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for C408, Sherena Residence

What is C408 worth today?

Last sold for AED 891,712 in 2017

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23 Jun 2026RentedRenewal
AED 90,000/yr12 months · AED 79 per sqft
23 Jun 2025RentedNew contract
AED 90,000/yr12 months · AED 79 per sqft
23 Jun 2025RentedNew contract
AED 90,000/yr12 months · AED 79 per sqft
20 Jun 2024RentedNew contract
AED 80,000/yr12 months · AED 70 per sqft
20 Jun 2023RentedRenewal
AED 62,000/yr12 months · AED 54 per sqft
20 Jun 2022RentedNew contract
AED 56,000/yr12 months · AED 49 per sqft
5 Jun 2021RentedNew contract
AED 50,000/yr12 months · AED 44 per sqft
15 Jul 2020RentedNew contract
AED 65,000/yr12 months · AED 57 per sqft

Source: Dubai Land Department. Updated 23 June 2026.

Key facts

Type
2-bed apartment
Size
1,143 sqft
Floor
4th of 10
Parking
B-147
Developer
Rose Homes Investment
Completed
2017
Service charge
AED 12,500 /yr
Last sold
AED 892K · November 2017
Building
Sherena Residence

About C408, Sherena Residence

C408 is a two-bedroom apartment of 1,143 sqft on the 4th floor of Sherena Residence, a 10-storey tower in Majan completed in 2017 by Rose Homes Investment. The developer sold it on 22 November 2017 for AED 891,712, or AED 779 per sqft, in line with the AED 789 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 10 Ejari contracts. The current contract, renewed on 23 June 2026, is AED 90,000 a year: a gross yield of 10.1% on the 2017 price, before the service charge of about AED 12,500 a year.

Sales and rents for C408 over time

Sales
Unit C408, 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, November 2017: AED 891,712 (AED 779 per sqft)

C408 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit C408, 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, January 2018: AED 66,857 a yearNew contract, July 2019: AED 65,000 a yearNew contract, July 2020: AED 65,000 a yearNew contract, June 2021: AED 50,000 a yearNew contract, June 2022: AED 56,000 a yearRenewal, June 2023: AED 62,000 a yearNew contract, June 2024: AED 80,000 a yearNew contract, June 2025: AED 90,000 a yearNew contract, June 2025: AED 90,000 a yearRenewal, June 2026: AED 90,000 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 C408 sits

All 98 2-beds →

C408 last sold in November 2017 at AED 779 per sqft, in line with what two-beds in Sherena Residence were fetching at the time (AED 789). 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. C408's AED 90,000 is in the upper 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 4th floor

All 297 units in Sherena Residence
Value
A4011-bedAED 610K · Aug 2022
A4022-bedAED 1.21M · Mar 2026
A4031-bedAED 761K · Sep 2016
A4041-bedAED 650K · Apr 2018
A4051-bedAED 564K · Aug 2018
A4062-bedAED 1.2M · Mar 2026
A4072-bedAED 849K · Sep 2018
1–7 of 32

C408, Sherena Residence in numbers

  • Sold once: by Rose Homes Investment on 22 November 2017 for AED 891,712, or AED 779 per sqft.
  • Rented since January 2018 on 10 Ejari contracts. The rent fell from AED 66,857 to AED 50,000 in 2021 and recovered to AED 90,000 by June 2026.
  • At AED 90,000 a year the gross yield on the 2017 price is 10.1%, before a service charge of about AED 12,500 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 23 June 2026.

Questions about C408, Sherena Residence

What did unit C408 last sell for?

AED 891,712 on 22 November 2017, sold by the developer: AED 779 per sqft for 1,143 sqft. It is the only registered sale of the unit.

What is the rent for unit C408?

AED 90,000 a year on the contract renewed on 23 June 2026. The previous contract, from June 2025, was AED 90,000; the unit has been rented since January 2018.

How big is unit C408?

1,143 sqft (106.2 sqm): a two-bedroom apartment on the 4th floor of a 10-storey tower completed in 2017.

What is unit C408 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 C408, Sherena Residence

Starts from the last sale price (AED 892K, 22 November 2017). Switch to today's estimate once you have unlocked it.
Price
AED 891,712
Deposit, UAE resident (20%)
AED 178,342
Deposit, non-resident (40%)
AED 356,685
Monthly over 25 years at 3.7%
AED 3,648

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