2404, Shams 1
Sold prices and rental history: sold 3 times, last in September 2021, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2404, Shams 1
What is 2404 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 15 September 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,376 sqft
- Floor
- 24th of 43
- Parking
- B44
- Developer
- Dubai Properties
- Completed
- 2007
- Service charge
- AED 20,700 /yr
- Last sold
- AED 1.55M · September 2021
- Building
- Shams 1
About 2404, Shams 1
2404 is a two-bedroom apartment of 1,376 sqft on the 24th floor of Shams 1, a 43-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 28 September 2021 for AED 1,550,000, or AED 1,126 per sqft, 16% below the AED 1,344 two-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 8 Ejari contracts. The current contract, signed on 15 September 2024, is AED 145,000 a year: a gross yield of 9.3% on the 2021 price, before the service charge of about AED 20,700 a year.
Sales and rents for 2404 over time
2404 has sold 3 times; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Shams 1, and where 2404 sits
All 104 2-beds →2404 last sold in September 2021 at AED 1,126 per sqft, 16% below what two-beds in Shams 1 were fetching at the time (AED 1,344). Over the last 12 months two-beds sold for AED 2,350,000 to 2,420,000, around AED 1,734 per sqft, and rent for AED 127,339 to 160,000 a year. 2404's AED 145,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 10 Feb 202610 February 2026 | 1,376 sqft | 2,420,000 | 1,759 | ||
| 24 Jul 202524 July 2025 | 1,376 sqft | 2,450,000 | 1,780 | ||
| 28 May 202528 May 2025 | 1,376 sqft | 4,100,000 | 2,980 | ||
| 15 May 202515 May 2025 | 1,274 sqft | 2,350,000 | 1,843 |
Shams 1
Building309 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%
Other units on the 24th floor
All 309 units in Shams 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2401 | 3-bed | 1,884 sqft | AED 2.4MAED 2,400,000 · Nov 2023November 2023 | 145,000 /yr | |
| 2402 | 1,884 sqft | AED 2.08MAED 2,075,000 · Nov 2021November 2021 | 115,000 /yr | ||
| 2403 | 2-bed | 1,376 sqft | AED 2.18MAED 2,175,000 · Mar 2014March 2014 | 140,000 /yr | |
| 2405 | 2-bed | 1,376 sqft | AED 1.76MAED 1,760,000 · Nov 2017November 2017 | 140,000 /yr | |
| 2406 | 2-bed | 1,376 sqft | AED 1.55MAED 1,550,000 · Sep 2021September 2021 | 145,000 /yr | |
| 2407 | 3-bed | 1,884 sqft | AED 2.5MAED 2,500,000 · Jun 2024June 2024 | 220,000 /yr | |
| 2408 | 3-bed | 1,884 sqft | AED 2.5MAED 2,500,000 · May 2024May 2024 | 173,250 /yr |
2404, Shams 1 in numbers
- Sold 3 times: first on 19 September 2011 for AED 1,069,182, last on 28 September 2021 for AED 1,550,000 (AED 1,126 per sqft).
- Rented since October 2016 on 8 Ejari contracts. The rent fell from AED 130,000 to AED 75,000 in 2020 and recovered to AED 145,000 by September 2024.
- At AED 145,000 a year the gross yield on the 2021 price is 9.3%, before a service charge of about AED 20,700 a year (AED 15.02 per sqft).
- Two-beds in Shams 1 sold for AED 2,350,000–2,420,000 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 15 September 2024.
Questions about 2404, Shams 1
What did unit 2404 last sell for?
AED 1,550,000 on 28 September 2021: AED 1,126 per sqft for 1,376 sqft. The unit has 3 registered sales; the first was AED 1,069,182 in September 2011.
What is the rent for unit 2404?
AED 145,000 a year on the contract signed on 15 September 2024. The previous contract, from September 2023, was AED 150,000; the unit has been rented since October 2016.
How big is unit 2404?
1,376 sqft (127.8 sqm): a two-bedroom apartment on the 24th floor of a 43-storey tower completed in 2007.
What is unit 2404 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Shams 1 sold for AED 2,350,000 to 2,420,000 in the last 12 months, around AED 1,734 per sqft.
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Mortgage on 2404, Shams 1
Starts from the last sale price (AED 1.55M, 28 September 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 1,550,000
- Deposit, UAE resident (20%)
- AED 310,000
- Deposit, non-resident (40%)
- AED 620,000
- Monthly over 25 years at 3.7%
- AED 6,342
Plus AED 70,110 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →