2407, Shams 1
Sold prices and rental history: sold 3 times, last in June 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2407, Shams 1
What is 2407 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: YallaValue analysis of Dubai Land Department records. Updated 29 September 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 1,884 sqft
- Floor
- 24th of 43
- Parking
- M84/ M85
- Developer
- Dubai Properties
- Completed
- 2007
- Service charge
- AED 28,300 /yr
- Last sold
- AED 2.5M · June 2024
- Building
- Shams 1
About 2407, Shams 1
2407 is a three-bedroom apartment of 1,884 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 14 June 2024 for AED 2,500,000, or AED 1,326 per sqft, 4% above the AED 1,273 three-beds in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 29 September 2024, is AED 220,000 a year: a gross yield of 8.8% on the 2024 price, before the service charge of about AED 28,300 a year.
Sales and rents for 2407 over time
2407 has sold 3 times; the dashed line is the three-bed median of each year in the building.
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 2407 sits
All 98 3-beds →2407 last sold in June 2024 at AED 1,326 per sqft, 4% above what three-beds in Shams 1 were fetching at the time (AED 1,273). 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. 2407's AED 220,000 is at the top of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 15 May 202515 May 2025 | 1,884 sqft | 2,600,000 | 1,379 | ||
| 4 Apr 20254 April 2025 | 1,884 sqft | 2,625,000 | 1,393 | ||
| 14 Feb 202514 February 2025 | 1,884 sqft | 2,500,000 | 1,326 | ||
| 11 Feb 202511 February 2025 | 1,884 sqft | 2,400,000 | 1,273 |
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 | |
| 2404 | 2-bed | 1,376 sqft | AED 1.55MAED 1,550,000 · Sep 2021September 2021 | 145,000 /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 | |
| 2408 | 3-bed | 1,884 sqft | AED 2.5MAED 2,500,000 · May 2024May 2024 | 173,250 /yr |
2407, Shams 1 in numbers
- Sold 3 times: first on 19 September 2011 for AED 1,069,182, last on 14 June 2024 for AED 2,500,000 (AED 1,326 per sqft).
- Rented since June 2022 on 3 Ejari contracts, from AED 165,000 to AED 220,000 a year.
- At AED 220,000 a year the gross yield on the 2024 price is 8.8%, 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 29 September 2024.
Questions about 2407, Shams 1
What did unit 2407 last sell for?
AED 2,500,000 on 14 June 2024: AED 1,326 per sqft for 1,884 sqft. The unit has 3 registered sales; the first was AED 1,069,182 in September 2011.
What is the rent for unit 2407?
AED 220,000 a year on the contract signed on 29 September 2024. The previous contract, from June 2023, was AED 173,250; the unit has been rented since June 2022.
How big is unit 2407?
1,884 sqft (175.0 sqm): a three-bedroom apartment on the 24th floor of a 43-storey tower completed in 2007.
What is unit 2407 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.
Selling 2407? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 2407, Shams 1
Starts from the last sale price (AED 2.5M, 14 June 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,500,000
- Deposit, UAE resident (20%)
- AED 500,000
- Deposit, non-resident (40%)
- AED 1,000,000
- Monthly over 25 years at 3.7%
- AED 10,228
Plus AED 110,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →