Home
Dubai prices
About
Blog
2-bed · 1,351 sqftSherena Residence, Majan · 5th floor · completed 2017

C506, 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 C506 · DLD and Ejari recordsUpdated 1 September 2022
Last soldAED 1.1M2 June 2016
Current rentAED 58K /yr1 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow C506

Property timeline for C506, Sherena Residence

What is C506 worth today?

Last sold for AED 1,103,872 in 2016

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

1 Sep 2022RentedNew contract
AED 58,000/yr12 months · AED 43 per sqft
1 Oct 2020RentedRenewal
AED 53,819/yr11 months · AED 40 per sqft
1 Sep 2019RentedRenewal
AED 68,000/yr13 months · AED 50 per sqft
1 Jul 2018RentedNew contract
AED 64,286/yr14 months · AED 47 per sqft
2 Jun 2016Sold by developerOff-plan
AED 1,103,872AED 817 per sqft

Source: Dubai Land Department. Updated 1 September 2022.

Key facts

Type
2-bed apartment
Size
1,351 sqft
Floor
5th of 10
Parking
B-155
Developer
Rose Homes Investment
Completed
2017
Service charge
AED 14,800 /yr
Last sold
AED 1.1M · June 2016
Building
Sherena Residence

About C506, Sherena Residence

C506 is a two-bedroom apartment of 1,351 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 1,103,872, or AED 817 per sqft, in line with the AED 818 two-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 September 2022, is AED 58,000 a year: a gross yield of 5.3% on the 2016 price, before the service charge of about AED 14,800 a year.

Sales and rents for C506 over time

Sales
Unit C506, 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 2016: AED 1,103,872 (AED 817 per sqft)

C506 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit C506, 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, July 2018: AED 64,286 a yearRenewal, September 2019: AED 68,000 a yearRenewal, October 2020: AED 53,819 a yearNew contract, September 2022: AED 58,000 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 C506 sits

All 98 2-beds →

C506 last sold in June 2016 at AED 817 per sqft, in line with what two-beds in Sherena Residence were fetching at the time (AED 818). 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. C506's AED 58,000 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 63K /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

C506, Sherena Residence in numbers

  • Sold once: by Rose Homes Investment on 2 June 2016 for AED 1,103,872, or AED 817 per sqft.
  • Rented since July 2018 on 4 Ejari contracts, from AED 64,286 to AED 58,000 a year.
  • At AED 58,000 a year the gross yield on the 2016 price is 5.3%, before a service charge of about AED 14,800 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 1 September 2022.

Questions about C506, Sherena Residence

What did unit C506 last sell for?

AED 1,103,872 on 2 June 2016, sold by the developer: AED 817 per sqft for 1,351 sqft. It is the only registered sale of the unit.

What is the rent for unit C506?

AED 58,000 a year on the contract signed on 1 September 2022. The previous contract, from October 2020, was AED 53,819; the unit has been rented since July 2018.

How big is unit C506?

1,351 sqft (125.5 sqm): a two-bedroom apartment on the 5th floor of a 10-storey tower completed in 2017.

What is unit C506 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.

Selling C506? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on C506, Sherena Residence

Starts from the last sale price (AED 1.1M, 2 June 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,103,872
Deposit, UAE resident (20%)
AED 220,774
Deposit, non-resident (40%)
AED 441,549
Monthly over 25 years at 3.7%
AED 4,516

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