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1-bed · 907 sqftSherena Residence, Majan · 5th floor · completed 2017

C501, Sherena Residence

Sold prices and rental history: sold once, by the developer in June 2016, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit C501 · DLD and Ejari recordsUpdated 1 July 2022
Last soldAED 729K2 June 2016
Current rentAED 44K /yr1 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for C501, Sherena Residence

What is C501 worth today?

Last sold for AED 729,368 in 2016

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1 Jul 2022RentedNew contract
AED 44,000/yr12 months · AED 49 per sqft
1 Sep 2020RentedNew contract
AED 40,000/yr12 months · AED 44 per sqft
7 Jul 2019RentedNew contract
AED 45,000/yr12 months · AED 50 per sqft
15 Feb 2018RentedNew contract
AED 49,600/yr15 months · AED 55 per sqft
2 Jun 2016Sold by developerOff-plan
AED 729,368AED 804 per sqft

Source: Dubai Land Department. Updated 1 July 2022.

Key facts

Type
1-bed apartment
Size
907 sqft
Floor
5th of 10
Parking
B-150
Developer
Rose Homes Investment
Completed
2017
Service charge
AED 9,900 /yr
Last sold
AED 729K · June 2016
Building
Sherena Residence

About C501, Sherena Residence

C501 is a one-bedroom apartment of 907 sqft on the 5th floor of Sherena Residence, a 10-storey tower in Majan completed in 2017 by Rose Homes Investment. The developer sold it on 2 June 2016 for AED 729,368, or AED 804 per sqft, in line with the AED 813 one-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, signed on 1 July 2022, is AED 44,000 a year: a gross yield of 6.0% on the 2016 price, before the service charge of about AED 9,900 a year.

Sales and rents for C501 over time

Sales
Unit C501, 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 2016: AED 729,368 (AED 804 per sqft)

C501 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit C501, 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, February 2018: AED 49,600 a yearNew contract, July 2019: AED 45,000 a yearNew contract, September 2020: AED 40,000 a yearNew contract, July 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 C501 sits

All 123 1-beds →

C501 last sold in June 2016 at AED 804 per sqft, in line with what one-beds in Sherena Residence were fetching at the time (AED 813). 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. C501'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 64K /yr
Typical yield
7.6%
Sherena Residence, Majan: prices, sales and rents →

Other units on the 5th floor

All 297 units in Sherena Residence
Value
A5011-bedAED 729K · Dec 2017
A5022-bedAED 1.1M · Nov 2017
A5031-bedAED 360K · Sep 2018
A5041-bedAED 694K · Dec 2017
A5051-bedAED 694K · Dec 2017
A5062-bedAED 1.1M · Dec 2017
A5072-bedAED 1.05M · Dec 2017
1–7 of 32

C501, Sherena Residence in numbers

  • Sold once: by Rose Homes Investment on 2 June 2016 for AED 729,368, or AED 804 per sqft.
  • Rented since February 2018 on 4 Ejari contracts, from AED 49,600 to AED 44,000 a year.
  • At AED 44,000 a year the gross yield on the 2016 price is 6.0%, 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 1 July 2022.

Questions about C501, Sherena Residence

What did unit C501 last sell for?

AED 729,368 on 2 June 2016, sold by the developer: AED 804 per sqft for 907 sqft. It is the only registered sale of the unit.

What is the rent for unit C501?

AED 44,000 a year on the contract signed on 1 July 2022. The previous contract, from September 2020, was AED 40,000; the unit has been rented since February 2018.

How big is unit C501?

907 sqft (84.3 sqm): a one-bedroom apartment on the 5th floor of a 10-storey tower completed in 2017.

What is unit C501 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 C501, Sherena Residence

Starts from the last sale price (AED 729K, 2 June 2016). Switch to today's estimate once you have unlocked it.
Price
AED 729,368
Deposit, UAE resident (20%)
AED 145,874
Deposit, non-resident (40%)
AED 291,747
Monthly over 25 years at 3.7%
AED 2,984

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