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3-bed · 1,991 sqftShams 2, Jumeirah Beach Residence · 12th floor · completed 2007

1201, Shams 2

Sold prices and rental history: sold 4 times, last in July 2023, and rented once, from November 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1201 · DLD and Ejari recordsUpdated 12 July 2023
Last soldAED 2.14M12 July 2023
Current rentAED 105K /yr19 November 2012
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1201, Shams 2

What is 1201 worth today?

Last sold for AED 2,140,000 in 2023

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12 Jul 2023SoldReady
AED 2,140,000AED 1,075 per sqft
20 May 2014SoldReady
AED 2,700,000AED 1,356 per sqft
19 Nov 2012RentedNew contract
AED 105,000/yr12 months · AED 53 per sqft
23 Jun 2008SoldReady
AED 1,400,000AED 703 per sqft
25 Jun 2007Sold by developerReady
AED 1,655,000AED 831 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 12 July 2023.

Key facts

Type
3-bed apartment
Size
1,991 sqft
Floor
12th of 41
Parking
G151,G152
Developer
Dubai Properties
Completed
2007
Service charge
AED 36,600 /yr
Last sold
AED 2.14M · July 2023
Building
Shams 2

About 1201, Shams 2

1201 is a three-bedroom apartment of 1,991 sqft on the 12th floor of Shams 2, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 12 July 2023 for AED 2,140,000, or AED 1,075 per sqft, 3% above the AED 1,042 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 19 November 2012. The current contract, signed on 19 November 2012, is AED 105,000 a year: a gross yield of 4.9% on the 2023 price, before the service charge of about AED 36,600 a year.

Sales and rents for 1201 over time

Sales
Unit 1201, each saleTypical three-bed in Shams 2
2M2007201220172022Typical sale price by year: 2007 AED 1,655,000; 2008 AED 1,655,000; 2009 AED 2,123,338; 2012 AED 1,700,000; 2014 AED 2,690,000; 2022 AED 1,974,656; 2023 AED 2,140,000; 2025 AED 2,600,000Sold by developer, June 2007: AED 1,655,000 (AED 831 per sqft)Sold, June 2008: AED 1,400,000 (AED 703 per sqft)Sold, May 2014: AED 2,700,000 (AED 1,356 per sqft)Sold, July 2023: AED 2,140,000 (AED 1,075 per sqft)

1201 has sold 4 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1201, each contractTypical three-bed in Shams 2
100K150K2012201620202024Typical rent by year: 2012 AED 120,000; 2013 AED 120,000; 2014 AED 141,750; 2015 AED 150,000; 2016 AED 150,000; 2017 AED 150,000; 2018 AED 137,500; 2019 AED 120,000; 2020 AED 95,000; 2021 AED 92,500; 2022 AED 122,666; 2023 AED 140,000; 2024 AED 155,000; 2025 AED 160,000New contract, November 2012: AED 105,000 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 2, and where 1201 sits

All 41 3-beds →

1201 last sold in July 2023 at AED 1,075 per sqft, 3% above what three-beds in Shams 2 were fetching at the time (AED 1,042). Over the last 12 months three-beds sold for AED 2,600,000, around AED 1,306 per sqft, and rent for AED 170,000 to 170,000 a year.

Recent 3-bed salesUnit no.Price (AED)Summary
27 May 20252,600,000
23 Apr 20252,570,000
4 Mar 20252,650,000
21 Aug 20232,408,109
1 3-bed sale 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 12th floor

All 154 units in Shams 2
Value
12022-bedAED 1.75M · Nov 2023
12033-bedAED 2.15M · Mar 2017
12042-bedAED 1.56M · Dec 2012

1201, Shams 2 in numbers

  • Sold 4 times: first on 25 June 2007 for AED 1,655,000, last on 12 July 2023 for AED 2,140,000 (AED 1,075 per sqft).
  • Rented since November 2012 on one Ejari contract, at AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2023 price is 4.9%, before a service charge of about AED 36,600 a year (AED 18.38 per sqft).
  • Three-beds in Shams 2 sold for AED 2,600,000–2,600,000 in the 12 months to November 2026; the building's median across all types is AED 1,556 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 12 July 2023.

Questions about 1201, Shams 2

What did unit 1201 last sell for?

AED 2,140,000 on 12 July 2023: AED 1,075 per sqft for 1,991 sqft. The unit has 4 registered sales; the first was AED 1,655,000 in June 2007.

What is the rent for unit 1201?

AED 105,000 a year on the contract signed on 19 November 2012.

How big is unit 1201?

1,991 sqft (185.0 sqm): a three-bedroom apartment on the 12th floor of a 41-storey tower completed in 2007.

What is unit 1201 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Shams 2 sold for AED 2,600,000 to 2,600,000 in the last 12 months, around AED 1,306 per sqft.

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Mortgage on 1201, Shams 2

Starts from the last sale price (AED 2.14M, 12 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,140,000
Deposit, UAE resident (20%)
AED 428,000
Deposit, non-resident (40%)
AED 856,000
Monthly over 25 years at 3.7%
AED 8,755

Plus AED 94,890 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →