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2-bed · 1,323 sqftShams 2, Jumeirah Beach Residence · 23rd floor · completed 2007

2302, Shams 2

Sold prices and rental history: sold twice, last in October 2007, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2302 · DLD and Ejari recordsUpdated 20 January 2025
Last soldAED 1.38M22 October 2007
Current rentAED 130K /yr20 January 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2302, Shams 2

What is 2302 worth today?

Last sold for AED 1,375,000 in 2007

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20 Jan 2025RentedRenewal
AED 129,999/yr7 months · AED 98 per sqft
20 Jan 2024RentedNew contract
AED 120,000/yr12 months · AED 91 per sqft
1 Jan 2023RentedRenewal
AED 95,000/yr12 months · AED 72 per sqft
1 Jan 2022RentedRenewal
AED 80,000/yr12 months · AED 60 per sqft
1 Jan 2021RentedRenewal
AED 80,000/yr12 months · AED 60 per sqft
22 Oct 2007SoldReady
AED 1,375,000AED 1,038 per sqft
4 Oct 2007Sold by developerReady
AED 1,050,000AED 793 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 20 January 2025.

Key facts

Type
2-bed apartment
Size
1,323 sqft
Floor
23rd of 41
Parking
B221
Developer
Dubai Properties
Completed
2007
Service charge
AED 24,300 /yr
Last sold
AED 1.38M · October 2007
Building
Shams 2

About 2302, Shams 2

2302 is a two-bedroom apartment of 1,323 sqft on the 23rd floor of Shams 2, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 22 October 2007 for AED 1,375,000, or AED 1,038 per sqft, 28% above the AED 814 two-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, renewed on 20 January 2025, is AED 129,999 a year: a gross yield of 9.4% on the 2007 price, before the service charge of about AED 24,300 a year.

Sales and rents for 2302 over time

Sales
Unit 2302, 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, October 2007: AED 1,375,000 (AED 1,038 per sqft)Sold by developer, October 2007: AED 1,050,000 (AED 793 per sqft)

2302 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2302, 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 135,000Renewal, January 2021: AED 80,000 a yearRenewal, January 2022: AED 80,000 a yearRenewal, January 2023: AED 95,000 a yearNew contract, January 2024: AED 120,000 a yearRenewal, January 2025: AED 129,999 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 2302 sits

All 97 2-beds →

2302 last sold in October 2007 at AED 1,038 per sqft, 28% above what two-beds in Shams 2 were fetching at the time (AED 814). 2302's AED 129,999 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 23rd floor

All 154 units in Shams 2
Value
23012-bedAED 1.4M · Oct 2007
23032-bedAED 2.1M · Jul 2023
23042-bedAED 1.4M · Oct 2012

2302, Shams 2 in numbers

  • Sold twice: first on 4 October 2007 for AED 1,050,000, last on 22 October 2007 for AED 1,375,000 (AED 1,038 per sqft).
  • Rented since January 2021 on 5 Ejari contracts, from AED 80,000 to AED 129,999 a year.
  • At AED 129,999 a year the gross yield on the 2007 price is 9.4%, before a service charge of about AED 24,300 a year (AED 18.38 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 20 January 2025.

Questions about 2302, Shams 2

What did unit 2302 last sell for?

AED 1,375,000 on 22 October 2007: AED 1,038 per sqft for 1,323 sqft. The unit has 2 registered sales; the first was AED 1,050,000 in October 2007.

What is the rent for unit 2302?

AED 129,999 a year on the contract renewed on 20 January 2025. The previous contract, from January 2024, was AED 120,000; the unit has been rented since January 2021.

How big is unit 2302?

1,323 sqft (122.9 sqm): a two-bedroom apartment on the 23rd floor of a 41-storey tower completed in 2007.

What is unit 2302 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 2302, Shams 2

Starts from the last sale price (AED 1.38M, 22 October 2007). Switch to today's estimate once you have unlocked it.
Price
AED 1,375,000
Deposit, UAE resident (20%)
AED 275,000
Deposit, non-resident (40%)
AED 550,000
Monthly over 25 years at 3.7%
AED 5,626

Plus AED 62,760 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →