1-bed · 1,199 sqftShams 1, Jumeirah Beach Residence · 10th floor · completed 2007

1005, Shams 1

Sold prices and rental history: sold 3 times, last in August 2024, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1005 · DLD and Ejari recordsUpdated 2 August 2024
Last soldAED 1.93M2 August 2024
Current rentAED 88K /yr20 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1005, Shams 1

What is 1005 worth today?

Last sold for AED 1,928,082 in 2024

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2 Aug 2024SoldReady
AED 1,928,082AED 1,608 per sqft
20 Dec 2022RentedRenewal
AED 88,476/yr6 months · AED 74 per sqft
27 Nov 2018RentedNew contract
AED 90,000/yr12 months · AED 75 per sqft
10 Jul 2017SoldReady
AED 1,405,000AED 1,172 per sqft
19 Sep 2011Sold by developerReady
AED 1,069,182AED 891 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 2 August 2024.

Key facts

Type
1-bed apartment
Size
1,199 sqft
Floor
10th of 43
Parking
B15
Developer
Dubai Properties
Completed
2007
Service charge
AED 18,000 /yr
Last sold
AED 1.93M · August 2024
Building
Shams 1

About 1005, Shams 1

1005 is a one-bedroom apartment of 1,199 sqft on the 10th floor of Shams 1, a 43-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 2 August 2024 for AED 1,928,082, or AED 1,608 per sqft, 20% above the AED 1,345 one-beds in the building were fetching at the time.

It has been rented since 2018 on 2 Ejari contracts. The current contract, renewed on 20 December 2022, is AED 88,476 a year: a gross yield of 4.6% on the 2024 price, before the service charge of about AED 18,000 a year.

Sales and rents for 1005 over time

Sales
Unit 1005, each saleTypical one-bed in Shams 1
1M1.5M2M2011201520192023Typical sale price by year: 2011 AED 1,069,182; 2013 AED 1,250,000; 2014 AED 1,662,500; 2015 AED 1,470,000; 2017 AED 1,390,000; 2018 AED 1,400,000; 2019 AED 1,600,000; 2021 AED 1,300,000; 2022 AED 1,400,000; 2023 AED 1,430,000; 2024 AED 1,650,000; 2025 AED 1,600,000Sold by developer, September 2011: AED 1,069,182 (AED 891 per sqft)Sold, July 2017: AED 1,405,000 (AED 1,172 per sqft)Sold, August 2024: AED 1,928,082 (AED 1,608 per sqft)

1005 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1005, each contractTypical one-bed in Shams 1
100K2012201620202024Typical rent by year: 2012 AED 69,188; 2013 AED 107,206; 2014 AED 118,000; 2015 AED 115,000; 2016 AED 110,000; 2017 AED 105,000; 2018 AED 96,750; 2019 AED 85,000; 2020 AED 64,500; 2021 AED 68,000; 2022 AED 84,000; 2023 AED 94,750; 2024 AED 100,000; 2025 AED 110,000; 2026 AED 120,000New contract, November 2018: AED 90,000 a yearRenewal, December 2022: AED 88,476 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 Shams 1, and where 1005 sits

All 81 1-beds →

1005 last sold in August 2024 at AED 1,608 per sqft, 20% above what one-beds in Shams 1 were fetching at the time (AED 1,345). Over the last 12 months one-beds sold for AED 1,775,000, around AED 1,501 per sqft, and rent for AED 92,000 to 145,171 a year. 1005's AED 88,476 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
30 Jan 20261,775,000
8 May 20251,480,387
24 Apr 20251,600,000
24 Mar 20251,642,322
1 1-bed sale in the last 12 months

Shams 1

Building

309 apartments, 1-bed to 3-bed over 43 floors in Jumeirah Beach Residence, completed in 2007 by Dubai Properties. 4 sold in the last 12 months.

Typical price per sqft
AED 1,605
Typical sale
AED 2.39M
Typical rent
AED 145K /yr
Typical yield
6.3%
Shams 1, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 10th floor

All 309 units in Shams 1
Value
10013-bedAED 1.05M · Mar 2018
10023-bedAED 2.28M · Nov 2016
10031-bedAED 1.4M · Oct 2013
10041-bedAED 1.46M · Oct 2017
10061-bedAED 1.1M · Apr 2021
10073-bedAED 1.4M · Jan 2021
10083-bedAED 2.53M · Jun 2024

1005, Shams 1 in numbers

  • Sold 3 times: first on 19 September 2011 for AED 1,069,182, last on 2 August 2024 for AED 1,928,082 (AED 1,608 per sqft).
  • Rented since November 2018 on 2 Ejari contracts, from AED 90,000 to AED 88,476 a year.
  • At AED 88,476 a year the gross yield on the 2024 price is 4.6%, before a service charge of about AED 18,000 a year (AED 15.02 per sqft).
  • One-beds in Shams 1 sold for AED 1,775,000–1,775,000 in the 12 months to November 2026; the building's median across all types is AED 1,605 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 2 August 2024.

Questions about 1005, Shams 1

What did unit 1005 last sell for?

AED 1,928,082 on 2 August 2024: AED 1,608 per sqft for 1,199 sqft. The unit has 3 registered sales; the first was AED 1,069,182 in September 2011.

What is the rent for unit 1005?

AED 88,476 a year on the contract renewed on 20 December 2022. The previous contract, from November 2018, was AED 90,000.

How big is unit 1005?

1,199 sqft (111.4 sqm): a one-bedroom apartment on the 10th floor of a 43-storey tower completed in 2007.

What is unit 1005 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Shams 1 sold for AED 1,775,000 to 1,775,000 in the last 12 months, around AED 1,501 per sqft.

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Mortgage on 1005, Shams 1

Starts from the last sale price (AED 1.93M, 2 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,928,082
Deposit, UAE resident (20%)
AED 385,616
Deposit, non-resident (40%)
AED 771,233
Monthly over 25 years at 3.7%
AED 7,888

Plus AED 85,989 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →