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2-bed · 1,289 sqftShams 2, Jumeirah Beach Residence · 12th floor · completed 2007

1204, Shams 2

Sold prices and rental history: sold 4 times, last in December 2012, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1204 · DLD and Ejari recordsUpdated 1 May 2022
Last soldAED 1.56M9 December 2012
Current rentAED 110K /yr1 May 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1204, Shams 2

What is 1204 worth today?

Last sold for AED 1,560,000 in 2012

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1 May 2022RentedNew contract
AED 110,000/yr12 months · AED 85 per sqft
24 Jan 2021RentedRenewal
AED 85,000/yr12 months · AED 66 per sqft
24 Jan 2020RentedNew contract
AED 85,000/yr12 months · AED 66 per sqft
17 Jul 2018RentedNew contract
AED 135,000/yr12 months · AED 105 per sqft
17 Jun 2017RentedRenewal
AED 135,000/yr12 months · AED 105 per sqft
17 Jun 2016RentedNew contract
AED 135,000/yr12 months · AED 105 per sqft
3 Jul 2013RentedNew contract
AED 80,000/yr12 months · AED 62 per sqft
9 Dec 2012SoldReady
AED 1,560,000AED 1,210 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 May 2022.

Key facts

Type
2-bed apartment
Size
1,289 sqft
Floor
12th of 41
Parking
B165
Developer
Dubai Properties
Completed
2007
Service charge
AED 23,700 /yr
Last sold
AED 1.56M · December 2012
Building
Shams 2

About 1204, Shams 2

1204 is a two-bedroom apartment of 1,289 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 9 December 2012 for AED 1,560,000, or AED 1,210 per sqft, 8% above the AED 1,116 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, signed on 1 May 2022, is AED 110,000 a year: a gross yield of 7.0% on the 2012 price, before the service charge of about AED 23,700 a year.

Sales and rents for 1204 over time

Sales
Unit 1204, 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, June 2007: AED 1,050,000 (AED 814 per sqft)Sold, November 2007: AED 1,100,000 (AED 853 per sqft)Sold, September 2012: AED 1,245,000 (AED 965 per sqft)Sold, December 2012: AED 1,560,000 (AED 1,210 per sqft)

1204 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1204, each contractTypical two-bed in Shams 2
100K2012201620202024Typical 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 135,000New contract, July 2013: AED 80,000 a yearNew contract, June 2016: AED 135,000 a yearRenewal, June 2017: AED 135,000 a yearNew contract, July 2018: AED 135,000 a yearNew contract, January 2020: AED 85,000 a yearRenewal, January 2021: AED 85,000 a yearNew contract, May 2022: AED 110,000 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 1204 sits

All 97 2-beds →

1204 last sold in December 2012 at AED 1,210 per sqft, 8% above what two-beds in Shams 2 were fetching at the time (AED 1,116). 1204's AED 110,000 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 12th floor

All 154 units in Shams 2
Value
12013-bedAED 2.14M · Jul 2023
12022-bedAED 1.75M · Nov 2023
12033-bedAED 2.15M · Mar 2017

1204, Shams 2 in numbers

  • Sold 4 times: first on 25 June 2007 for AED 1,050,000, last on 9 December 2012 for AED 1,560,000 (AED 1,210 per sqft).
  • Rented since July 2013 on 7 Ejari contracts, from AED 80,000 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2012 price is 7.0%, before a service charge of about AED 23,700 a year (AED 18.38 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 1 May 2022.

Questions about 1204, Shams 2

What did unit 1204 last sell for?

AED 1,560,000 on 9 December 2012: AED 1,210 per sqft for 1,289 sqft. The unit has 4 registered sales; the first was AED 1,050,000 in June 2007.

What is the rent for unit 1204?

AED 110,000 a year on the contract signed on 1 May 2022. The previous contract, from January 2021, was AED 85,000; the unit has been rented since July 2013.

How big is unit 1204?

1,289 sqft (119.8 sqm): a two-bedroom apartment on the 12th floor of a 41-storey tower completed in 2007.

What is unit 1204 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 1204, Shams 2

Starts from the last sale price (AED 1.56M, 9 December 2012). Switch to today's estimate once you have unlocked it.
Price
AED 1,560,000
Deposit, UAE resident (20%)
AED 312,000
Deposit, non-resident (40%)
AED 624,000
Monthly over 25 years at 3.7%
AED 6,382

Plus AED 70,530 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →