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2-bed · 1,274 sqftShams 1, Jumeirah Beach Residence · 38th floor · completed 2007

3802, Shams 1

Sold prices and rental history: sold twice, last in March 2023, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3802 · DLD and Ejari recordsUpdated 20 March 2023
Last soldAED 2M20 March 2023
Current rentAED 110K /yr2 March 2013
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3802, Shams 1

What is 3802 worth today?

Last sold for AED 2,000,000 in 2023

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20 Mar 2023SoldReady
AED 2,000,000AED 1,569 per sqft
2 Mar 2013RentedRenewal
AED 110,000/yr12 months · AED 86 per sqft
2 Mar 2012RentedNew contract
AED 89,250/yr12 months · AED 70 per sqft
19 Sep 2011Sold by developerReady
AED 1,069,182AED 838 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 20 March 2023.

Key facts

Type
2-bed apartment
Size
1,274 sqft
Floor
38th of 43
Parking
B111
Developer
Dubai Properties
Completed
2007
Service charge
AED 19,100 /yr
Last sold
AED 2M · March 2023
Building
Shams 1

About 3802, Shams 1

3802 is a two-bedroom apartment of 1,274 sqft on the 38th floor of Shams 1, a 43-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 20 March 2023 for AED 2,000,000, or AED 1,569 per sqft, in line with the AED 1,540 two-beds in the building were fetching at the time.

It has been rented since 2012 on 2 Ejari contracts. The current contract, renewed on 2 March 2013, is AED 110,000 a year: a gross yield of 5.5% on the 2023 price, before the service charge of about AED 19,100 a year.

Sales and rents for 3802 over time

Sales
Unit 3802, each saleTypical two-bed in Shams 1
1M2M2011201520192023Typical sale price by year: 2011 AED 1,069,182; 2013 AED 2,111,900; 2014 AED 2,175,000; 2017 AED 1,850,000; 2018 AED 2,000,000; 2019 AED 2,200,000; 2021 AED 1,730,000; 2022 AED 1,850,000; 2023 AED 2,062,500; 2024 AED 2,237,500; 2025 AED 2,325,000Sold by developer, September 2011: AED 1,069,182 (AED 838 per sqft)Sold, March 2023: AED 2,000,000 (AED 1,569 per sqft)

3802 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3802, each contractTypical two-bed in Shams 1
100K150K2012201620202024Typical rent by year: 2012 AED 90,000; 2013 AED 94,500; 2014 AED 155,000; 2015 AED 135,000; 2016 AED 134,626; 2017 AED 125,000; 2018 AED 120,000; 2019 AED 115,000; 2020 AED 93,500; 2021 AED 95,000; 2022 AED 115,000; 2023 AED 128,000; 2024 AED 140,000; 2025 AED 147,000New contract, March 2012: AED 89,250 a yearRenewal, March 2013: AED 110,000 a year

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 3802 sits

All 104 2-beds →

3802 last sold in March 2023 at AED 1,569 per sqft, in line with what two-beds in Shams 1 were fetching at the time (AED 1,540). 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. 3802's AED 110,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
10 Feb 20262,420,000
24 Jul 20252,450,000
28 May 20254,100,000
15 May 20252,350,000
2 2-bed sales 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 38th floor

All 309 units in Shams 1
Value
38012-bedAED 2.05M · Mar 2023
38032-bedAED 2.4M · Mar 2023
38042-bedAED 2M · Mar 2023
38052-bedAED 2.4M · Mar 2023
38062-bedAED 2M · Mar 2023
38072-bedAED 2.1M · Mar 2023
38082-bedAED 2.05M · Mar 2023

3802, Shams 1 in numbers

  • Sold twice: first on 19 September 2011 for AED 1,069,182, last on 20 March 2023 for AED 2,000,000 (AED 1,569 per sqft).
  • Rented since March 2012 on 2 Ejari contracts, from AED 89,250 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2023 price is 5.5%, before a service charge of about AED 19,100 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 20 March 2023.

Questions about 3802, Shams 1

What did unit 3802 last sell for?

AED 2,000,000 on 20 March 2023: AED 1,569 per sqft for 1,274 sqft. The unit has 2 registered sales; the first was AED 1,069,182 in September 2011.

What is the rent for unit 3802?

AED 110,000 a year on the contract renewed on 2 March 2013. The previous contract, from March 2012, was AED 89,250.

How big is unit 3802?

1,274 sqft (118.4 sqm): a two-bedroom apartment on the 38th floor of a 43-storey tower completed in 2007.

What is unit 3802 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 3802, Shams 1

Starts from the last sale price (AED 2M, 20 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

Plus AED 89,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →