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2-bed · 1,143 sqftSherena Residence, Majan · 7th floor · completed 2017

C708, Sherena Residence

Sold prices and rental history: sold twice, last in May 2023, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit C708 · DLD and Ejari recordsUpdated 31 May 2023
Last soldAED 850K31 May 2023
Current rentAED 55K /yr28 April 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for C708, Sherena Residence

What is C708 worth today?

Last sold for AED 850,000 in 2023

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31 May 2023SoldReady
AED 850,000AED 743 per sqft
28 Apr 2022RentedNew contract
AED 55,000/yr12 months · AED 48 per sqft
20 Jul 2020RentedNew contract
AED 60,000/yr14 months · AED 53 per sqft
18 Mar 2019RentedNew contract
AED 70,000/yr12 months · AED 61 per sqft
14 Aug 2016Sold by developerOff-plan
AED 754,585AED 660 per sqft

Source: Dubai Land Department. Updated 31 May 2023.

Key facts

Type
2-bed apartment
Size
1,143 sqft
Floor
7th of 10
Parking
G-59
Developer
Rose Homes Investment
Completed
2017
Service charge
AED 12,500 /yr
Last sold
AED 850K · May 2023
Building
Sherena Residence

About C708, Sherena Residence

C708 is a two-bedroom apartment of 1,143 sqft on the 7th floor of Sherena Residence, a 10-storey tower in Majan completed in 2017 by Rose Homes Investment. It last sold on 31 May 2023 for AED 850,000, or AED 743 per sqft.

It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 28 April 2022, is AED 55,000 a year: a gross yield of 6.5% on the 2023 price, before the service charge of about AED 12,500 a year.

Sales and rents for C708 over time

Sales
Unit C708, each saleTypical two-bed in Sherena Residence
750K1M1.25M2016201920222025Typical 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, August 2016: AED 754,585 (AED 660 per sqft)Sold, May 2023: AED 850,000 (AED 743 per sqft)

C708 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit C708, 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 2019: AED 70,000 a yearNew contract, July 2020: AED 60,000 a yearNew contract, April 2022: AED 55,000 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 C708 sits

All 98 2-beds →

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. C708's AED 55,000 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 64K /yr
Typical yield
7.6%
Sherena Residence, Majan: prices, sales and rents →

Other units on the 7th floor

All 297 units in Sherena Residence
Value
A7011-bedAED 865K · Apr 2025
A7022-bedAED 1.2M · Mar 2026
A7031-bedAED 800K · Sep 2024
A7041-bedAED 550K · Apr 2022
A7051-bedAED 550K · Sep 2022
A7062-bedAED 880K · Mar 2023
A7072-bedAED 950K · Mar 2019
1–7 of 32

C708, Sherena Residence in numbers

  • Sold twice: first on 14 August 2016 for AED 754,585, last on 31 May 2023 for AED 850,000 (AED 743 per sqft).
  • Rented since March 2019 on 3 Ejari contracts, from AED 70,000 to AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2023 price is 6.5%, 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 31 May 2023.

Questions about C708, Sherena Residence

What did unit C708 last sell for?

AED 850,000 on 31 May 2023: AED 743 per sqft for 1,143 sqft. The unit has 2 registered sales; the first was AED 754,585 in August 2016.

What is the rent for unit C708?

AED 55,000 a year on the contract signed on 28 April 2022. The previous contract, from July 2020, was AED 60,000; the unit has been rented since March 2019.

How big is unit C708?

1,143 sqft (106.2 sqm): a two-bedroom apartment on the 7th floor of a 10-storey tower completed in 2017.

What is unit C708 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 C708, Sherena Residence

Starts from the last sale price (AED 850K, 31 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 850,000
Deposit, UAE resident (20%)
AED 170,000
Deposit, non-resident (40%)
AED 340,000
Monthly over 25 years at 3.7%
AED 3,478

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