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1-bed · 1,342 sqftShams 1, Jumeirah Beach Residence · completed 2007

UP05, Shams 1

Sold prices and rental history: sold twice, last in November 2013, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit UP05 · DLD and Ejari recordsUpdated 1 March 2021
Last soldAED 1.3M6 November 2013
Current rentAED 59K /yr1 March 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for UP05, Shams 1

What is UP05 worth today?

Last sold for AED 1,300,000 in 2013

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1 Mar 2021RentedRenewal
AED 59,000/yr12 months · AED 44 per sqft
29 Feb 2020RentedNew contract
AED 62,000/yr12 months · AED 46 per sqft
15 Dec 2016RentedNew contract
AED 105,000/yr12 months · AED 78 per sqft
14 Nov 2016RentedNew contract · flagged as an outlier
AED 14,958/yr12 months · AED 11 per sqft
2 Aug 2016RentedRenewal
AED 104,518/yr7 months · AED 78 per sqft
9 Dec 2013RentedNew contract
AED 100,000/yr12 months · AED 74 per sqft
6 Nov 2013SoldReady
AED 1,300,000AED 969 per sqft
19 Sep 2011Sold by developerReady
AED 1,069,182AED 796 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 March 2021.

Key facts

Type
1-bed apartment
Size
1,342 sqft
Parking
B-323
Developer
Dubai Properties
Completed
2007
Service charge
AED 20,100 /yr
Last sold
AED 1.3M · November 2013
Building
Shams 1

About UP05, Shams 1

UP05 is a one-bedroom apartment of 1,342 sqft of Shams 1, a 43-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 6 November 2013 for AED 1,300,000, or AED 969 per sqft, 8% below the AED 1,057 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, renewed on 1 March 2021, is AED 59,000 a year: a gross yield of 4.5% on the 2013 price, before the service charge of about AED 20,100 a year.

Sales and rents for UP05 over time

Sales
Unit UP05, each saleTypical one-bed in Shams 1
1M1.5M2011201520192023Typical sale price by year: 2011 AED 1,069,182; 2013 AED 1,250,000; 2014 AED 1,662,500; 2015 AED 1,470,000; 2017 AED 1,390,000; 2018 AED 1,400,000; 2019 AED 1,600,000; 2021 AED 1,300,000; 2022 AED 1,400,000; 2023 AED 1,430,000; 2024 AED 1,650,000; 2025 AED 1,600,000Sold by developer, September 2011: AED 1,069,182 (AED 796 per sqft)Sold, November 2013: AED 1,300,000 (AED 969 per sqft)

UP05 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit UP05, each contractTypical one-bed in Shams 1
50K100K2012201620202024Typical rent by year: 2012 AED 69,188; 2013 AED 107,206; 2014 AED 118,000; 2015 AED 115,000; 2016 AED 110,000; 2017 AED 105,000; 2018 AED 96,750; 2019 AED 85,000; 2020 AED 64,500; 2021 AED 68,000; 2022 AED 84,000; 2023 AED 94,750; 2024 AED 100,000; 2025 AED 110,000; 2026 AED 120,000New contract, December 2013: AED 100,000 a yearRenewal, August 2016: AED 104,518 a yearNew contract, December 2016: AED 105,000 a yearNew contract, February 2020: AED 62,000 a yearRenewal, March 2021: AED 59,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Shams 1, and where UP05 sits

All 81 1-beds →

UP05 last sold in November 2013 at AED 969 per sqft, 8% below what one-beds in Shams 1 were fetching at the time (AED 1,057). Over the last 12 months one-beds sold for AED 1,775,000, around AED 1,501 per sqft, and rent for AED 92,000 to 145,171 a year. UP05's AED 59,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
30 Jan 20261,775,000
8 May 20251,480,387
24 Apr 20251,600,000
24 Mar 20251,642,322
1 1-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 →

UP05, Shams 1 in numbers

  • Sold twice: first on 19 September 2011 for AED 1,069,182, last on 6 November 2013 for AED 1,300,000 (AED 969 per sqft).
  • Rented since December 2013 on 6 Ejari contracts. The rent fell from AED 100,000 to AED 14,958 in 2016 and recovered to AED 59,000 by March 2021.
  • At AED 59,000 a year the gross yield on the 2013 price is 4.5%, before a service charge of about AED 20,100 a year (AED 15.02 per sqft).
  • One-beds in Shams 1 sold for AED 1,775,000–1,775,000 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 1 March 2021.

Questions about UP05, Shams 1

What did unit UP05 last sell for?

AED 1,300,000 on 6 November 2013: AED 969 per sqft for 1,342 sqft. The unit has 2 registered sales; the first was AED 1,069,182 in September 2011.

What is the rent for unit UP05?

AED 59,000 a year on the contract renewed on 1 March 2021. The previous contract, from February 2020, was AED 62,000; the unit has been rented since December 2013.

How big is unit UP05?

1,342 sqft (124.7 sqm): a one-bedroom apartment of a 43-storey tower completed in 2007.

What is unit UP05 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Shams 1 sold for AED 1,775,000 to 1,775,000 in the last 12 months, around AED 1,501 per sqft.

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Mortgage on UP05, Shams 1

Starts from the last sale price (AED 1.3M, 6 November 2013). 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 →