1-bed · 1,182 sqftShams 1, Jumeirah Beach Residence · 3rd floor · completed 2007

305, Shams 1

Sold prices and rental history: sold 3 times, last in May 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 305 · DLD and Ejari recordsUpdated 28 May 2024
Last soldAED 1.53M28 May 2024
Current rentAED 44K /yr1 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 305, Shams 1

What is 305 worth today?

Last sold for AED 1,530,000 in 2024

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28 May 2024SoldReady
AED 1,530,000AED 1,294 per sqft
1 Aug 2021RentedRenewal
AED 43,710/yr5 months · AED 37 per sqft
1 Aug 2020RentedNew contract
AED 55,000/yr12 months · AED 46 per sqft
1 Oct 2017RentedRenewal
AED 110,000/yr12 months · AED 93 per sqft
1 Oct 2016RentedNew contract
AED 112,000/yr12 months · AED 95 per sqft
6 Jun 2014RentedNew contract
AED 117,500/yr12 months · AED 99 per sqft
1 Dec 2013RentedNew contract
AED 119,337/yr6 months · AED 101 per sqft
3 Oct 2013SoldReady
AED 1,175,000AED 994 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 28 May 2024.

Key facts

Type
1-bed apartment
Size
1,182 sqft
Floor
3rd of 43
Parking
B08
Developer
Dubai Properties
Completed
2007
Service charge
AED 17,800 /yr
Last sold
AED 1.53M · May 2024
Building
Shams 1

About 305, Shams 1

305 is a one-bedroom apartment of 1,182 sqft on the 3rd floor of Shams 1, a 43-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 28 May 2024 for AED 1,530,000, or AED 1,294 per sqft, in line with the AED 1,294 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, renewed on 1 August 2021, is AED 43,710 a year: a gross yield of 2.9% on the 2024 price, before the service charge of about AED 17,800 a year.

Sales and rents for 305 over time

Sales
Unit 305, each saleTypical one-bed in Shams 1
1M1.5M2011201520192023Typical 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 904 per sqft)Sold, October 2013: AED 1,175,000 (AED 994 per sqft)Sold, May 2024: AED 1,530,000 (AED 1,294 per sqft)

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

Rents
Unit 305, each contractTypical one-bed in Shams 1
50K100K2012201620202024Typical 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, December 2013: AED 119,337 a yearNew contract, June 2014: AED 117,500 a yearNew contract, October 2016: AED 112,000 a yearRenewal, October 2017: AED 110,000 a yearNew contract, August 2020: AED 55,000 a yearRenewal, August 2021: AED 43,710 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 305 sits

All 81 1-beds →

305 last sold in May 2024 at AED 1,294 per sqft, in line with what one-beds in Shams 1 were fetching at the time (AED 1,294). 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. 305's AED 43,710 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 3rd floor

All 309 units in Shams 1
Value
3013-bedAED 2.8M · Aug 2014
3023-bedAED 2.4M · Dec 2013
3031-bedAED 1.3M · Sep 2017
3041-bedAED 1.78M · Jan 2026
3061-bedAED 1.45M · Oct 2015
3073-bedAED 1.8M · Nov 2022
3083-bedAED 2.88M · Nov 2014

305, Shams 1 in numbers

  • Sold 3 times: first on 19 September 2011 for AED 1,069,182, last on 28 May 2024 for AED 1,530,000 (AED 1,294 per sqft).
  • Rented since December 2013 on 6 Ejari contracts, from AED 119,337 to AED 43,710 a year.
  • At AED 43,710 a year the gross yield on the 2024 price is 2.9%, before a service charge of about AED 17,800 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 28 May 2024.

Questions about 305, Shams 1

What did unit 305 last sell for?

AED 1,530,000 on 28 May 2024: AED 1,294 per sqft for 1,182 sqft. The unit has 3 registered sales; the first was AED 1,069,182 in September 2011.

What is the rent for unit 305?

AED 43,710 a year on the contract renewed on 1 August 2021. The previous contract, from August 2020, was AED 55,000; the unit has been rented since December 2013.

How big is unit 305?

1,182 sqft (109.8 sqm): a one-bedroom apartment on the 3rd floor of a 43-storey tower completed in 2007.

What is unit 305 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 305, Shams 1

Starts from the last sale price (AED 1.53M, 28 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,530,000
Deposit, UAE resident (20%)
AED 306,000
Deposit, non-resident (40%)
AED 612,000
Monthly over 25 years at 3.7%
AED 6,260

Plus AED 69,270 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →