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2-bed · 1,289 sqftShams 2, Jumeirah Beach Residence · 15th floor · completed 2007

1502, Shams 2

Sold prices and rental history: sold 3 times, last in May 2017, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1502 · DLD and Ejari recordsUpdated 20 February 2025
Last soldAED 1.9M4 May 2017
Current rentAED 136K /yr20 February 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1502, Shams 2

What is 1502 worth today?

Last sold for AED 1,900,000 in 2017

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20 Feb 2025RentedNew contract
AED 135,596/yr12 months · AED 105 per sqft
1 Nov 2022RentedRenewal
AED 100,000/yr12 months · AED 77 per sqft
1 Nov 2021RentedNew contract
AED 87,000/yr12 months · AED 67 per sqft
20 Mar 2021RentedNew contract
AED 78,000/yr12 months · AED 60 per sqft
5 May 2020RentedRenewal
AED 95,000/yr12 months · AED 74 per sqft
15 Mar 2019RentedNew contract
AED 113,000/yr14 months · AED 87 per sqft
5 May 2018RentedRenewal
AED 135,000/yr12 months · AED 105 per sqft
5 May 2017RentedNew contract
AED 150,000/yr12 months · AED 116 per sqft

Source: Dubai Land Department. Updated 20 February 2025.

Key facts

Type
2-bed apartment
Size
1,289 sqft
Floor
15th of 41
Parking
B162
Developer
Dubai Properties
Completed
2007
Service charge
AED 23,700 /yr
Last sold
AED 1.9M · May 2017
Building
Shams 2

About 1502, Shams 2

1502 is a two-bedroom apartment of 1,289 sqft on the 15th floor of Shams 2, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 4 May 2017 for AED 1,900,000, or AED 1,473 per sqft, 8% above the AED 1,360 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 13 Ejari contracts. The current contract, signed on 20 February 2025, is AED 135,596 a year: a gross yield of 7.1% on the 2017 price, before the service charge of about AED 23,700 a year.

Sales and rents for 1502 over time

Sales
Unit 1502, 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, May 2008: AED 1,050,000 (AED 814 per sqft)Sold, June 2008: AED 2,400,000 (AED 1,861 per sqft)Sold, May 2017: AED 1,900,000 (AED 1,473 per sqft)

1502 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1502, each contractTypical two-bed in Shams 2
100K150K2012201620202024Typical 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 2012: AED 100,000 a yearNew contract, August 2013: AED 150,000 a yearNew contract, August 2014: AED 150,000 a yearNew contract, August 2015: AED 150,000 a yearNew contract, February 2016: AED 140,000 a yearNew contract, May 2017: AED 150,000 a yearRenewal, May 2018: AED 135,000 a yearNew contract, March 2019: AED 113,000 a yearRenewal, May 2020: AED 95,000 a yearNew contract, March 2021: AED 78,000 a yearNew contract, November 2021: AED 87,000 a yearRenewal, November 2022: AED 100,000 a yearNew contract, February 2025: AED 135,596 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 1502 sits

All 97 2-beds →

1502 last sold in May 2017 at AED 1,473 per sqft, 8% above what two-beds in Shams 2 were fetching at the time (AED 1,360). 1502's AED 135,596 is in the lower half 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 15th floor

All 154 units in Shams 2
Value
1501AED 2.55M · Apr 2025
15033-bedAED 1.66M · Jun 2007
15042-bedAED 1.4M · Feb 2019

1502, Shams 2 in numbers

  • Sold 3 times: first on 12 May 2008 for AED 1,050,000, last on 4 May 2017 for AED 1,900,000 (AED 1,473 per sqft).
  • Rented since July 2012 on 13 Ejari contracts. The rent fell from AED 100,000 to AED 78,000 in 2021 and recovered to AED 135,596 by February 2025.
  • At AED 135,596 a year the gross yield on the 2017 price is 7.1%, before a service charge of about AED 23,700 a year (AED 18.38 per sqft).

Source: Dubai Land Department. Updated 20 February 2025.

Questions about 1502, Shams 2

What did unit 1502 last sell for?

AED 1,900,000 on 4 May 2017: AED 1,473 per sqft for 1,289 sqft. The unit has 3 registered sales; the first was AED 1,050,000 in May 2008.

What is the rent for unit 1502?

AED 135,596 a year on the contract signed on 20 February 2025. The previous contract, from November 2022, was AED 100,000; the unit has been rented since July 2012.

How big is unit 1502?

1,289 sqft (119.8 sqm): a two-bedroom apartment on the 15th floor of a 41-storey tower completed in 2007.

What is unit 1502 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 1502, Shams 2

Starts from the last sale price (AED 1.9M, 4 May 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,900,000
Deposit, UAE resident (20%)
AED 380,000
Deposit, non-resident (40%)
AED 760,000
Monthly over 25 years at 3.7%
AED 7,773

Plus AED 84,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →