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2-bed · 1,289 sqftShams 2, Jumeirah Beach Residence · 10th floor · completed 2007

1004, Shams 2

Sold prices and rental history: sold 6 times, last in July 2024, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1004 · DLD and Ejari recordsUpdated 31 July 2024
Last soldAED 2.02M31 July 2024
Current rentAED 60K /yr12 December 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1004, Shams 2

What is 1004 worth today?

Last sold for AED 2,020,000 in 2024

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31 Jul 2024SoldReady
AED 2,020,000AED 1,566 per sqft
31 May 2022SoldReady
AED 1,690,000AED 1,310 per sqft
21 Jun 2021SoldReady
AED 1,275,000AED 988 per sqft
12 Dec 2020RentedNew contract
AED 60,000/yr12 months · AED 46 per sqft
15 Aug 2019RentedNew contract
AED 90,000/yr12 months · AED 70 per sqft
27 Jun 2018RentedNew contract
AED 105,000/yr12 months · AED 81 per sqft
30 Jan 2017RentedRenewal
AED 150,000/yr12 months · AED 116 per sqft
30 Jan 2016RentedRenewal
AED 150,000/yr12 months · AED 116 per sqft

Source: Dubai Land Department. Updated 31 July 2024.

Key facts

Type
2-bed apartment
Size
1,289 sqft
Floor
10th of 41
Parking
B169
Developer
Dubai Properties
Completed
2007
Service charge
AED 23,700 /yr
Last sold
AED 2.02M · July 2024
Building
Shams 2

About 1004, Shams 2

1004 is a two-bedroom apartment of 1,289 sqft on the 10th floor of Shams 2, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 31 July 2024 for AED 2,020,000, or AED 1,566 per sqft, in line with the AED 1,566 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, signed on 12 December 2020, is AED 60,000 a year: a gross yield of 3.0% on the 2024 price, before the service charge of about AED 23,700 a year.

Sales and rents for 1004 over time

Sales
Unit 1004, each saleTypical two-bed in Shams 2
1M2M2007201220172022Typical sale price by year: 2007 AED 1,075,000; 2008 AED 1,650,000; 2009 AED 1,300,000; 2010 AED 1,175,000; 2011 AED 1,200,000; 2012 AED 1,440,000; 2013 AED 1,700,000; 2014 AED 2,200,000; 2015 AED 1,850,000; 2017 AED 1,870,000; 2018 AED 1,575,000; 2019 AED 1,400,000; 2020 AED 1,075,000; 2021 AED 1,350,000; 2022 AED 1,662,500; 2023 AED 2,000,000; 2024 AED 2,290,000; 2025 AED 2,150,000Sold by developer, February 2008: AED 1,050,000 (AED 814 per sqft)Sold, April 2008: AED 1,755,000 (AED 1,361 per sqft)Sold, October 2013: AED 2,050,000 (AED 1,590 per sqft)Sold, June 2021: AED 1,275,000 (AED 988 per sqft)Sold, May 2022: AED 1,690,000 (AED 1,310 per sqft)Sold, July 2024: AED 2,020,000 (AED 1,566 per sqft)

1004 has sold 6 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1004, each contractTypical two-bed in Shams 2
50K100K150K2012201620202024Typical rent by year: 2012 AED 115,000; 2013 AED 115,000; 2014 AED 135,000; 2015 AED 135,000; 2016 AED 130,000; 2017 AED 125,000; 2018 AED 112,500; 2019 AED 100,000; 2020 AED 80,000; 2021 AED 80,000; 2022 AED 100,000; 2023 AED 105,000; 2024 AED 126,000; 2025 AED 135,596; 2026 AED 135,000Renewal, January 2015: AED 135,000 a yearRenewal, January 2016: AED 150,000 a yearRenewal, January 2017: AED 150,000 a yearNew contract, June 2018: AED 105,000 a yearNew contract, August 2019: AED 90,000 a yearNew contract, December 2020: AED 60,000 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 2, and where 1004 sits

All 97 2-beds →

1004 last sold in July 2024 at AED 1,566 per sqft, in line with what two-beds in Shams 2 were fetching at the time (AED 1,566). 1004's AED 60,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
25 Jun 20252,000,000
21 Apr 20252,400,000
13 Mar 20251,830,000
4 Feb 20252,300,000
0 2-bed sales in the last 12 months

Shams 2

Building

154 apartments, 1-bed to 3-bed over 41 floors in Jumeirah Beach Residence, completed in 2007 by Dubai Properties. 3 sold in the last 12 months.

Typical price per sqft
AED 1,556
Typical sale
AED 2.6M
Typical rent
AED 135K /yr
Typical yield
6.3%
Shams 2, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 10th floor

All 154 units in Shams 2
Value
10013-bedAED 2M · May 2017
10022-bedAED 1.4M · Jul 2021
10033-bedAED 1.9M · Oct 2012

1004, Shams 2 in numbers

  • Sold 6 times: first on 10 February 2008 for AED 1,050,000, last on 31 July 2024 for AED 2,020,000 (AED 1,566 per sqft).
  • Rented since January 2015 on 6 Ejari contracts, from AED 135,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2024 price is 3.0%, before a service charge of about AED 23,700 a year (AED 18.38 per sqft).

Source: Dubai Land Department. Updated 31 July 2024.

Questions about 1004, Shams 2

What did unit 1004 last sell for?

AED 2,020,000 on 31 July 2024: AED 1,566 per sqft for 1,289 sqft. The unit has 6 registered sales; the first was AED 1,050,000 in February 2008.

What is the rent for unit 1004?

AED 60,000 a year on the contract signed on 12 December 2020. The previous contract, from August 2019, was AED 90,000; the unit has been rented since January 2015.

How big is unit 1004?

1,289 sqft (119.8 sqm): a two-bedroom apartment on the 10th floor of a 41-storey tower completed in 2007.

What is unit 1004 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 1004, Shams 2

Starts from the last sale price (AED 2.02M, 31 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,020,000
Deposit, UAE resident (20%)
AED 404,000
Deposit, non-resident (40%)
AED 808,000
Monthly over 25 years at 3.7%
AED 8,264

Plus AED 89,850 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →