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Studio · 436 sqftSherena Residence, Majan · 4th floor · completed 2017

C409, Sherena Residence

Sold prices and rental history: sold once, by the developer in November 2017, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit C409 · DLD and Ejari recordsUpdated 13 August 2020
Last soldAED 340K22 November 2017
Current rentAED 30K /yr13 August 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for C409, Sherena Residence

What is C409 worth today?

Last sold for AED 340,213 in 2017

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13 Aug 2020RentedNew contract
AED 30,000/yr12 months · AED 69 per sqft
4 Aug 2020RentedNew contract
AED 30,000/yr1 months · AED 69 per sqft
1 May 2020RentedNew contract
AED 30,000/yr12 months · AED 69 per sqft
22 Nov 2017Sold by developerReady
AED 340,213AED 780 per sqft

Source: Dubai Land Department. Updated 13 August 2020.

Key facts

Type
Studio apartment
Size
436 sqft
Floor
4th of 10
Parking
B-148
Developer
Rose Homes Investment
Completed
2017
Service charge
AED 4,800 /yr
Last sold
AED 340K · November 2017
Building
Sherena Residence

About C409, Sherena Residence

C409 is a studio of 436 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 340,213, or AED 780 per sqft, 5% below the AED 819 studios in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 13 August 2020, is AED 30,000 a year: a gross yield of 8.8% on the 2017 price, before the service charge of about AED 4,800 a year.

Sales and rents for C409 over time

Sales
Unit C409, each saleTypical studio in Sherena Residence
400K2016201920222025Typical sale price by year: 2016 AED 316,775; 2017 AED 359,219; 2023 AED 400,000; 2024 AED 433,785; 2025 AED 549,000; 2026 AED 529,500Sold by developer, November 2017: AED 340,213 (AED 780 per sqft)

C409 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit C409, each contractTypical studio in Sherena Residence
30K40K2017202020232026Typical rent by year: 2017 AED 38,571; 2018 AED 34,286; 2019 AED 33,250; 2020 AED 30,000; 2021 AED 25,000; 2022 AED 28,000; 2023 AED 30,660; 2024 AED 40,000; 2025 AED 45,000; 2026 AED 43,500New contract, May 2020: AED 30,000 a yearNew contract, August 2020: AED 30,000 a yearNew contract, August 2020: AED 30,000 a year

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

Studios in Sherena Residence, and where C409 sits

All 64 studios →

C409 last sold in November 2017 at AED 780 per sqft, 5% below what studios in Sherena Residence were fetching at the time (AED 819). Over the last 12 months studios sold for AED 475,000 to 580,000, around AED 1,158 per sqft, and rent for AED 35,700 to 60,000 a year. C409's AED 30,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
20 Oct 2026545,000
29 Jul 2026475,000
22 Jul 2026580,000
6 Feb 2026529,000
7 studio 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

C409, Sherena Residence in numbers

  • Sold once: by Rose Homes Investment on 22 November 2017 for AED 340,213, or AED 780 per sqft.
  • Rented since May 2020 on 3 Ejari contracts, at AED 30,000 a year.
  • At AED 30,000 a year the gross yield on the 2017 price is 8.8%, before a service charge of about AED 4,800 a year (AED 10.95 per sqft).
  • Studios in Sherena Residence sold for AED 475,000–580,000 in the 12 months to November 2026; the building's median across all types is AED 951 per sqft.

Source: Dubai Land Department. Updated 13 August 2020.

Questions about C409, Sherena Residence

What did unit C409 last sell for?

AED 340,213 on 22 November 2017, sold by the developer: AED 780 per sqft for 436 sqft. It is the only registered sale of the unit.

What is the rent for unit C409?

AED 30,000 a year on the contract signed on 13 August 2020. The previous contract, from August 2020, was AED 30,000; the unit has been rented since May 2020.

How big is unit C409?

436 sqft (40.5 sqm): a studio on the 4th floor of a 10-storey tower completed in 2017.

What is unit C409 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Sherena Residence sold for AED 475,000 to 580,000 in the last 12 months, around AED 1,158 per sqft.

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Mortgage on C409, Sherena Residence

Starts from the last sale price (AED 340K, 22 November 2017). Switch to today's estimate once you have unlocked it.
Price
AED 340,213
Deposit, UAE resident (20%)
AED 68,043
Deposit, non-resident (40%)
AED 136,085
Monthly over 25 years at 3.7%
AED 1,392

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