501, Shams 1
Sold prices and rental history: sold 3 times, last in May 2017, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 501, Shams 1
What is 501 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 14 January 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 1,884 sqft
- Floor
- 5th of 43
- Parking
- M31/ T08
- Developer
- Dubai Properties
- Completed
- 2007
- Service charge
- AED 28,300 /yr
- Last sold
- AED 1.3M · May 2017
- Building
- Shams 1
About 501, Shams 1
501 is a three-bedroom apartment of 1,884 sqft on the 5th floor of Shams 1, a 43-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 15 May 2017 for AED 1,300,000, or AED 689 per sqft.
It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, signed on 14 January 2025, is AED 175,000 a year: a gross yield of 13.5% on the 2017 price, before the service charge of about AED 28,300 a year.
Sales and rents for 501 over time
501 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 501 sits
All 98 3-beds →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. 501's AED 175,000 is at the bottom 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 5th floor
All 309 units in Shams 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 502 | 3-bed | 1,884 sqft | AED 2.45MAED 2,450,000 · Aug 2024August 2024 | 215,000 /yr | |
| 503 | 1-bed | 485 sqft | AED 1.48MAED 1,480,387 · May 2025May 2025 | 64,000 /yr | |
| 504 | 1-bed | 1,182 sqft | AED 748KAED 747,500 · Dec 2016December 2016 | ||
| 505 | 1-bed | 1,182 sqft | AED 1.35MAED 1,350,000 · Sep 2021September 2021 | 115,320 /yr | |
| 506 | 1-bed | 1,182 sqft | AED 835KAED 835,000 · Jan 2015January 2015 | 110,000 /yr | |
| 507 | 3-bed | 1,884 sqft | AED 2.13MAED 2,125,000 · Nov 2013November 2013 | 110,250 /yr | |
| 508 | 3-bed | 1,884 sqft | AED 2.6MAED 2,600,000 · May 2025May 2025 | 130,000 /yr |
501, Shams 1 in numbers
- Sold 3 times: first on 19 September 2011 for AED 1,069,182, last on 15 May 2017 for AED 1,300,000 (AED 689 per sqft).
- Rented since November 2013 on 11 Ejari contracts. The rent fell from AED 170,000 to AED 90,000 in 2021 and recovered to AED 175,000 by January 2025.
- At AED 175,000 a year the gross yield on the 2017 price is 13.5%, 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 14 January 2025.
Questions about 501, Shams 1
What did unit 501 last sell for?
AED 1,300,000 on 15 May 2017: AED 689 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 501?
AED 175,000 a year on the contract signed on 14 January 2025. The previous contract, from August 2023, was AED 138,600; the unit has been rented since November 2013.
How big is unit 501?
1,884 sqft (175.0 sqm): a three-bedroom apartment on the 5th floor of a 43-storey tower completed in 2007.
What is unit 501 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 501, Shams 1
Starts from the last sale price (AED 1.3M, 15 May 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 1,300,000
- Deposit, UAE resident (20%)
- AED 260,000
- Deposit, non-resident (40%)
- AED 520,000
- Monthly over 25 years at 3.7%
- AED 5,319
Plus AED 59,610 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →