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2-bed · 1,348 sqftSherena Residence, Majan · 8th floor · completed 2017

C802, Sherena Residence

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

Unit C802 · DLD and Ejari recordsUpdated 25 January 2018
Last soldAED 575K28 November 2017
Current rentAED 77K /yr25 January 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for C802, Sherena Residence

What is C802 worth today?

Last sold for AED 575,000 in 2017

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25 Jan 2018RentedNew contract
AED 77,000/yr12 months · AED 57 per sqft
28 Nov 2017Sold by developerReady
AED 575,000AED 426 per sqft

Source: Dubai Land Department. Updated 25 January 2018.

Key facts

Type
2-bed apartment
Size
1,348 sqft
Floor
8th of 10
Parking
G-63
Developer
Rose Homes Investment
Completed
2017
Service charge
AED 14,800 /yr
Last sold
AED 575K · November 2017
Building
Sherena Residence

About C802, Sherena Residence

C802 is a two-bedroom apartment of 1,348 sqft on the 8th floor of Sherena Residence, a 10-storey tower in Majan completed in 2017 by Rose Homes Investment. The developer sold it on 28 November 2017 for AED 575,000, or AED 426 per sqft, 46% below the AED 789 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 25 January 2018. The current contract, signed on 25 January 2018, is AED 77,000 a year: a gross yield of 13.4% on the 2017 price, before the service charge of about AED 14,800 a year.

Sales and rents for C802 over time

Sales
Unit C802, each saleTypical two-bed in Sherena Residence
500K1M2016201920222025Typical 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 575,000 (AED 426 per sqft)

C802 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit C802, 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 77,000 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 C802 sits

All 98 2-beds →

C802 last sold in November 2017 at AED 426 per sqft, 46% below 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. C802's AED 77,000 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 8th floor

All 297 units in Sherena Residence
Value
A8011-bedAED 820K · Nov 2024
A8023-bedAED 1.6M · Oct 2017
A8044-bedNo registered sale
A8061-bedAED 615K · Nov 2017
B8012-bedAED 1.03M · Nov 2024
B802StudioAED 480K · Apr 2024
B803StudioAED 480K · Oct 2024
1–7 of 21

C802, Sherena Residence in numbers

  • Sold once: by Rose Homes Investment on 28 November 2017 for AED 575,000, or AED 426 per sqft.
  • Rented since January 2018 on one Ejari contract, at AED 77,000 a year.
  • At AED 77,000 a year the gross yield on the 2017 price is 13.4%, 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 25 January 2018.

Questions about C802, Sherena Residence

What did unit C802 last sell for?

AED 575,000 on 28 November 2017, sold by the developer: AED 426 per sqft for 1,348 sqft. It is the only registered sale of the unit.

What is the rent for unit C802?

AED 77,000 a year on the contract signed on 25 January 2018.

How big is unit C802?

1,348 sqft (125.2 sqm): a two-bedroom apartment on the 8th floor of a 10-storey tower completed in 2017.

What is unit C802 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 C802, Sherena Residence

Starts from the last sale price (AED 575K, 28 November 2017). Switch to today's estimate once you have unlocked it.
Price
AED 575,000
Deposit, UAE resident (20%)
AED 115,000
Deposit, non-resident (40%)
AED 230,000
Monthly over 25 years at 3.7%
AED 2,353

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