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3-bed · 1,884 sqftShams 1, Jumeirah Beach Residence · 16th floor · completed 2007

1601, Shams 1

Sold prices and rental history: sold twice, last in March 2022, and rented once, from December 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1601 · DLD and Ejari recordsUpdated 7 March 2022
Last soldAED 1.9M7 March 2022
Current rentAED 130K /yr5 December 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1601, Shams 1

What is 1601 worth today?

Last sold for AED 1,900,000 in 2022

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7 Mar 2022SoldReady
AED 1,900,000AED 1,008 per sqft
5 Dec 2018RentedNew contract
AED 130,000/yr12 months · AED 69 per sqft
19 Sep 2011Sold by developerReady
AED 1,069,182AED 567 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 7 March 2022.

Key facts

Type
3-bed apartment
Size
1,884 sqft
Floor
16th of 43
Parking
B75/ B76
Developer
Dubai Properties
Completed
2007
Service charge
AED 28,300 /yr
Last sold
AED 1.9M · March 2022
Building
Shams 1

About 1601, Shams 1

1601 is a three-bedroom apartment of 1,884 sqft on the 16th floor of Shams 1, a 43-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 7 March 2022 for AED 1,900,000, or AED 1,008 per sqft, in line with the AED 1,008 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 5 December 2018. The current contract, signed on 5 December 2018, is AED 130,000 a year: a gross yield of 6.8% on the 2022 price, before the service charge of about AED 28,300 a year.

Sales and rents for 1601 over time

Sales
Unit 1601, each saleTypical three-bed in Shams 1
1M2M3M2011201520192023Typical sale price by year: 2011 AED 1,069,182; 2013 AED 2,275,000; 2014 AED 2,655,000; 2015 AED 2,750,000; 2017 AED 2,125,000; 2018 AED 2,050,000; 2021 AED 1,700,000; 2022 AED 2,067,859; 2023 AED 2,225,000; 2024 AED 2,450,000; 2025 AED 2,500,000Sold by developer, September 2011: AED 1,069,182 (AED 567 per sqft)Sold, March 2022: AED 1,900,000 (AED 1,008 per sqft)

1601 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1601, each contractTypical three-bed in Shams 1
100K150K2012201620202024Typical rent by year: 2012 AED 105,000; 2013 AED 110,250; 2014 AED 170,000; 2015 AED 170,000; 2016 AED 170,000; 2017 AED 159,527; 2018 AED 140,000; 2019 AED 130,000; 2020 AED 115,500; 2021 AED 125,000; 2022 AED 140,000; 2023 AED 151,000; 2024 AED 170,000; 2025 AED 180,000New contract, December 2018: AED 130,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Shams 1, and where 1601 sits

All 98 3-beds →

1601 last sold in March 2022 at AED 1,008 per sqft, in line with what three-beds in Shams 1 were fetching at the time (AED 1,008). Over the last 12 months three-beds sold for AED 2,680,000, around AED 1,422 per sqft, and rent for AED 180,000 to 215,000 a year. 1601's AED 130,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
15 May 20252,600,000
4 Apr 20252,625,000
14 Feb 20252,500,000
11 Feb 20252,400,000
1 3-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 16th floor

All 309 units in Shams 1
Value
16023-bedAED 1.9M · Apr 2022
16031-bedAED 1.4M · May 2023
16041-bedAED 1.55M · Oct 2023
16051-bedAED 1.4M · Sep 2022
16061-bedAED 1.37M · Oct 2021
16073-bedAED 2.45M · Oct 2023
16083-bedAED 2.8M · Mar 2015

1601, Shams 1 in numbers

  • Sold twice: first on 19 September 2011 for AED 1,069,182, last on 7 March 2022 for AED 1,900,000 (AED 1,008 per sqft).
  • Rented since December 2018 on one Ejari contract, at AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2022 price is 6.8%, before a service charge of about AED 28,300 a year (AED 15.02 per sqft).
  • Three-beds in Shams 1 sold for AED 2,680,000–2,680,000 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 7 March 2022.

Questions about 1601, Shams 1

What did unit 1601 last sell for?

AED 1,900,000 on 7 March 2022: AED 1,008 per sqft for 1,884 sqft. The unit has 2 registered sales; the first was AED 1,069,182 in September 2011.

What is the rent for unit 1601?

AED 130,000 a year on the contract signed on 5 December 2018.

How big is unit 1601?

1,884 sqft (175.0 sqm): a three-bedroom apartment on the 16th floor of a 43-storey tower completed in 2007.

What is unit 1601 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Shams 1 sold for AED 2,680,000 to 2,680,000 in the last 12 months, around AED 1,422 per sqft.

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Mortgage on 1601, Shams 1

Starts from the last sale price (AED 1.9M, 7 March 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,900,000
Deposit, UAE resident (20%)
AED 380,000
Deposit, non-resident (40%)
AED 760,000
Monthly over 25 years at 3.7%
AED 7,773

Plus AED 84,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →