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3-bed · 1,954 sqftShams 1, Jumeirah Beach Residence · completed 2007

UP08, Shams 1

Sold prices and rental history: sold 3 times, last in July 2024, and rented once, from July 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit UP08 · DLD and Ejari recordsUpdated 18 July 2024
Last soldAED 2.44M18 July 2024
Current rentAED 110K /yr7 July 2012
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for UP08, Shams 1

What is UP08 worth today?

Last sold for AED 2,440,000 in 2024

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18 Jul 2024SoldReady
AED 2,440,000AED 1,249 per sqft
25 Sep 2019SoldReady
AED 1,800,000AED 921 per sqft
7 Jul 2012RentedNew contract
AED 110,250/yr12 months · AED 56 per sqft
19 Sep 2011Sold by developerReady
AED 1,069,182AED 547 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 18 July 2024.

Key facts

Type
3-bed apartment
Size
1,954 sqft
Parking
B-93 , B-T1
Developer
Dubai Properties
Completed
2007
Service charge
AED 29,300 /yr
Last sold
AED 2.44M · July 2024
Building
Shams 1

About UP08, Shams 1

UP08 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. It last sold on 18 July 2024 for AED 2,440,000, or AED 1,249 per sqft, 3% below the AED 1,292 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 7 July 2012. The current contract, signed on 7 July 2012, is AED 110,250 a year: a gross yield of 4.5% on the 2024 price, before the service charge of about AED 29,300 a year.

Sales and rents for UP08 over time

Sales
Unit UP08, 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)Sold, September 2019: AED 1,800,000 (AED 921 per sqft)Sold, July 2024: AED 2,440,000 (AED 1,249 per sqft)

UP08 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit UP08, each contractTypical three-bed in Shams 1
100K150K2012201620202024Typical 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 110,250 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 UP08 sits

All 98 3-beds →

UP08 last sold in July 2024 at AED 1,249 per sqft, 3% below what three-beds in Shams 1 were fetching at the time (AED 1,292). 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. UP08's AED 110,250 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 →

UP08, Shams 1 in numbers

  • Sold 3 times: first on 19 September 2011 for AED 1,069,182, last on 18 July 2024 for AED 2,440,000 (AED 1,249 per sqft).
  • Rented since July 2012 on one Ejari contract, at AED 110,250 a year.
  • At AED 110,250 a year the gross yield on the 2024 price is 4.5%, 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: YallaValue analysis of Dubai Land Department records. Updated 18 July 2024.

Questions about UP08, Shams 1

What did unit UP08 last sell for?

AED 2,440,000 on 18 July 2024: AED 1,249 per sqft for 1,954 sqft. The unit has 3 registered sales; the first was AED 1,069,182 in September 2011.

What is the rent for unit UP08?

AED 110,250 a year on the contract signed on 7 July 2012.

How big is unit UP08?

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

What is unit UP08 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 UP08, Shams 1

Starts from the last sale price (AED 2.44M, 18 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,440,000
Deposit, UAE resident (20%)
AED 488,000
Deposit, non-resident (40%)
AED 976,000
Monthly over 25 years at 3.7%
AED 9,983

Plus AED 107,490 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →