Home
Dubai prices
About
Research
3-bed · 1,954 sqftShams 1, Jumeirah Beach Residence · completed 2007

UP02, Shams 1

Sold prices and rental history: sold once, by the developer in September 2011, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit UP02 · DLD and Ejari recordsUpdated 15 October 2023
Last soldAED 1.07M19 September 2011
Current rentAED 150K /yr15 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for UP02, Shams 1

What is UP02 worth today?

Last sold for AED 1,069,182 in 2011

Unlock today's estimate, updated daily, with

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

15 Oct 2023RentedRenewal
AED 150,000/yr12 months · AED 77 per sqft
15 Oct 2022RentedNew contract
AED 150,000/yr12 months · AED 77 per sqft
15 Oct 2021RentedRenewal
AED 150,000/yr12 months · AED 77 per sqft
15 Oct 2020RentedRenewal
AED 250,000/yr12 months · AED 128 per sqft
15 Oct 2019RentedRenewal
AED 250,000/yr12 months · AED 128 per sqft
15 Oct 2017RentedNew contract
AED 250,000/yr12 months · AED 128 per sqft
1 Jul 2012RentedNew contract
AED 105,000/yr12 months · AED 54 per sqft
19 Sep 2011Sold by developerReady
AED 1,069,182AED 547 per sqft

Source: Dubai Land Department. Updated 15 October 2023.

Key facts

Type
3-bed apartment
Size
1,954 sqft
Parking
B-103 , B-T8
Developer
Dubai Properties
Completed
2007
Service charge
AED 29,300 /yr
Last sold
AED 1.07M · September 2011
Building
Shams 1

About UP02, Shams 1

UP02 is a three-bedroom apartment of 1,954 sqft of Shams 1, a 43-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 19 September 2011 for AED 1,069,182, or AED 547 per sqft, 4% below the AED 567 three-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 7 Ejari contracts. The current contract, renewed on 15 October 2023, is AED 150,000 a year: a gross yield of 14.0% on the 2011 price, before the service charge of about AED 29,300 a year.

Sales and rents for UP02 over time

Sales
Unit UP02, each saleTypical three-bed in Shams 1
1M2M3M2011201520192023Typical sale price by year: 2011 AED 1,069,182; 2013 AED 2,275,000; 2014 AED 2,655,000; 2015 AED 2,750,000; 2017 AED 2,125,000; 2018 AED 2,050,000; 2021 AED 1,700,000; 2022 AED 2,067,859; 2023 AED 2,225,000; 2024 AED 2,450,000; 2025 AED 2,500,000Sold by developer, September 2011: AED 1,069,182 (AED 547 per sqft)

UP02 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit UP02, each contractTypical three-bed in Shams 1
100K200K2012201620202024Typical rent by year: 2012 AED 105,000; 2013 AED 110,250; 2014 AED 170,000; 2015 AED 170,000; 2016 AED 170,000; 2017 AED 159,527; 2018 AED 140,000; 2019 AED 130,000; 2020 AED 115,500; 2021 AED 125,000; 2022 AED 140,000; 2023 AED 151,000; 2024 AED 170,000; 2025 AED 180,000New contract, July 2012: AED 105,000 a yearNew contract, October 2017: AED 250,000 a yearRenewal, October 2019: AED 250,000 a yearRenewal, October 2020: AED 250,000 a yearRenewal, October 2021: AED 150,000 a yearNew contract, October 2022: AED 150,000 a yearRenewal, October 2023: AED 150,000 a year

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 UP02 sits

All 98 3-beds →

UP02 last sold in September 2011 at AED 547 per sqft, 4% below what three-beds in Shams 1 were fetching at the time (AED 567). 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. UP02's AED 150,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
15 May 20252,600,000
4 Apr 20252,625,000
14 Feb 20252,500,000
11 Feb 20252,400,000
1 3-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 →

UP02, Shams 1 in numbers

  • Sold once: by Dubai Properties on 19 September 2011 for AED 1,069,182, or AED 547 per sqft.
  • Rented since July 2012 on 7 Ejari contracts, from AED 105,000 to AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2011 price is 14.0%, before a service charge of about AED 29,300 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: Dubai Land Department. Updated 15 October 2023.

Questions about UP02, Shams 1

What did unit UP02 last sell for?

AED 1,069,182 on 19 September 2011, sold by the developer: AED 547 per sqft for 1,954 sqft. It is the only registered sale of the unit.

What is the rent for unit UP02?

AED 150,000 a year on the contract renewed on 15 October 2023. The previous contract, from October 2022, was AED 150,000; the unit has been rented since July 2012.

How big is unit UP02?

1,954 sqft (181.5 sqm): a three-bedroom apartment of a 43-storey tower completed in 2007.

What is unit UP02 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.

Selling UP02? 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 UP02, Shams 1

Starts from the last sale price (AED 1.07M, 19 September 2011). Switch to today's estimate once you have unlocked it.
Price
AED 1,069,182
Deposit, UAE resident (20%)
AED 213,836
Deposit, non-resident (40%)
AED 427,673
Monthly over 25 years at 3.7%
AED 4,374

Plus AED 49,915 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →