Home
Dubai prices
About
Research
2-bed · 3,403 sqftShams 1, Jumeirah Beach Residence · completed 2007

P28&29, Shams 1

Sold prices and rental history: sold once, by the developer in April 2019, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit P28&29 · DLD and Ejari recordsUpdated 12 October 2024
Last soldAED 2.05M29 April 2019
Current rentAED 90K /yr12 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for P28&29, Shams 1

What is P28&29 worth today?

Last sold for AED 2,050,000 in 2019

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

12 Oct 2024RentedRenewal
AED 90,000/yr24 months · AED 26 per sqft
12 Oct 2022RentedRenewal
AED 80,000/yr24 months · AED 24 per sqft
12 Oct 2021RentedRenewal
AED 80,000/yr12 months · AED 24 per sqft
12 Oct 2020RentedNew contract
AED 75,000/yr12 months · AED 22 per sqft
29 Apr 2019Sold by developerReady
AED 2,050,000AED 602 per sqft
23 May 2018RentedRenewal
AED 67,500/yr6 months · AED 20 per sqft
23 May 2017RentedRenewal
AED 67,500/yr12 months · AED 48 per sqft
23 May 2016RentedNew contract
AED 67,500/yr12 months · AED 48 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 12 October 2024.

Key facts

Type
2-bed apartment
Size
3,403 sqft
Parking
M-322
Developer
Dubai Properties
Completed
2007
Service charge
AED 51,100 /yr
Last sold
AED 2.05M · April 2019
Building
Shams 1

About P28&29, Shams 1

P28&29 is a two-bedroom apartment of 3,403 sqft of Shams 1, a 43-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 29 April 2019 for AED 2,050,000, or AED 602 per sqft, 60% below the AED 1,510 two-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 7 Ejari contracts. The current contract, renewed on 12 October 2024, is AED 90,000 a year: a gross yield of 4.4% on the 2019 price, before the service charge of about AED 51,100 a year.

Sales and rents for P28&29 over time

Sales
Unit P28&29, 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, April 2019: AED 2,050,000 (AED 602 per sqft)

P28&29 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit P28&29, 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, May 2016: AED 67,500 a yearRenewal, May 2017: AED 67,500 a yearRenewal, May 2018: AED 67,500 a yearNew contract, October 2020: AED 75,000 a yearRenewal, October 2021: AED 80,000 a yearRenewal, October 2022: AED 80,000 a yearRenewal, October 2024: AED 90,000 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 P28&29 sits

All 104 2-beds →

P28&29 last sold in April 2019 at AED 602 per sqft, 60% below what two-beds in Shams 1 were fetching at the time (AED 1,510). 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. P28&29's AED 90,000 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 →

P28&29, Shams 1 in numbers

  • Sold once: by Dubai Properties on 29 April 2019 for AED 2,050,000, or AED 602 per sqft.
  • Rented since May 2016 on 7 Ejari contracts, from AED 67,500 to AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2019 price is 4.4%, before a service charge of about AED 51,100 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 12 October 2024.

Questions about P28&29, Shams 1

What did unit P28&29 last sell for?

AED 2,050,000 on 29 April 2019, sold by the developer: AED 602 per sqft for 3,403 sqft. It is the only registered sale of the unit.

What is the rent for unit P28&29?

AED 90,000 a year on the contract renewed on 12 October 2024. The previous contract, from October 2022, was AED 80,000; the unit has been rented since May 2016.

How big is unit P28&29?

3,403 sqft (316.1 sqm): a two-bedroom apartment of a 43-storey tower completed in 2007.

What is unit P28&29 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.

Selling P28&29? 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.

How OpenOffers works

Mortgage on P28&29, Shams 1

Starts from the last sale price (AED 2.05M, 29 April 2019). Switch to today's estimate once you have unlocked it.
Price
AED 2,050,000
Deposit, UAE resident (20%)
AED 410,000
Deposit, non-resident (40%)
AED 820,000
Monthly over 25 years at 3.7%
AED 8,387

Plus AED 91,110 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →