602, Shams 1
Sold prices and rental history: sold 3 times, last in November 2019, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 602, Shams 1
What is 602 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 12 July 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 1,884 sqft
- Floor
- 6th of 43
- Parking
- G76/ T1
- Developer
- Dubai Properties
- Completed
- 2007
- Service charge
- AED 28,300 /yr
- Last sold
- AED 1.49M · November 2019
- Building
- Shams 1
About 602, Shams 1
602 is a three-bedroom apartment of 1,884 sqft on the 6th floor of Shams 1, a 43-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 27 November 2019 for AED 1,485,000, or AED 788 per sqft.
It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, renewed on 12 July 2024, is AED 148,500 a year: a gross yield of 10.0% on the 2019 price, before the service charge of about AED 28,300 a year.
Sales and rents for 602 over time
602 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 602 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. 602's AED 148,500 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 6th floor
All 309 units in Shams 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | 3-bed | 1,884 sqft | AED 2.65MAED 2,650,000 · Dec 2024December 2024 | ||
| 603 | 1-bed | 1,182 sqft | AED 1.3MAED 1,300,000 · Jul 2017July 2017 | 85,000 /yr | |
| 604 | 1-bed | 1,182 sqft | AED 1.42MAED 1,415,000 · Oct 2017October 2017 | 115,000 /yr | |
| 605 | 1-bed | 1,182 sqft | AED 1.58MAED 1,575,000 · Jan 2014January 2014 | 85,000 /yr | |
| 606 | 1-bed | 1,182 sqft | AED 860KAED 860,000 · Apr 2021April 2021 | 88,935 /yr | |
| 607 | 3-bed | 1,884 sqft | AED 2.6MAED 2,600,000 · Feb 2014February 2014 | 105,000 /yr | |
| 608 | 3-bed | 1,884 sqft | AED 2.05MAED 2,050,000 · Jun 2018June 2018 | 190,000 /yr |
602, Shams 1 in numbers
- Sold 3 times: first on 19 September 2011 for AED 1,069,182, last on 27 November 2019 for AED 1,485,000 (AED 788 per sqft).
- Rented since July 2017 on 7 Ejari contracts. The rent fell from AED 175,000 to AED 125,000 in 2019 and recovered to AED 148,500 by July 2024.
- At AED 148,500 a year the gross yield on the 2019 price is 10.0%, 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 12 July 2024.
Questions about 602, Shams 1
What did unit 602 last sell for?
AED 1,485,000 on 27 November 2019: AED 788 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 602?
AED 148,500 a year on the contract renewed on 12 July 2024. The previous contract, from July 2023, was AED 135,000; the unit has been rented since July 2017.
How big is unit 602?
1,884 sqft (175.0 sqm): a three-bedroom apartment on the 6th floor of a 43-storey tower completed in 2007.
What is unit 602 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 602, Shams 1
Starts from the last sale price (AED 1.49M, 27 November 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 1,485,000
- Deposit, UAE resident (20%)
- AED 297,000
- Deposit, non-resident (40%)
- AED 594,000
- Monthly over 25 years at 3.7%
- AED 6,076
Plus AED 67,380 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →