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2-bed · 1,323 sqftShams 2, Jumeirah Beach Residence · 35th floor · completed 2007

3501, Shams 2

Sold prices and rental history: sold 3 times, last in August 2019, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3501 · DLD and Ejari recordsUpdated 8 August 2019
Last soldAED 1.4M8 August 2019
Current rentAED 118K /yr22 September 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3501, Shams 2

What is 3501 worth today?

Last sold for AED 1,400,000 in 2019

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8 Aug 2019SoldReady
AED 1,400,000AED 1,058 per sqft
22 Sep 2018RentedRenewal
AED 117,632/yr12 months · AED 89 per sqft
22 Sep 2017RentedNew contract
AED 120,000/yr12 months · AED 91 per sqft
3 Oct 2016RentedRenewal
AED 140,000/yr12 months · AED 106 per sqft
3 Oct 2015RentedNew contract
AED 140,000/yr12 months · AED 106 per sqft
1 Oct 2012RentedNew contract
AED 136,000/yr11 months · AED 103 per sqft
5 Feb 2008SoldReady
AED 1,225,000AED 926 per sqft
11 Sep 2007Sold by developerReady
AED 1,175,000AED 888 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 8 August 2019.

Key facts

Type
2-bed apartment
Size
1,323 sqft
Floor
35th of 41
Parking
M172
Developer
Dubai Properties
Completed
2007
Service charge
AED 24,300 /yr
Last sold
AED 1.4M · August 2019
Building
Shams 2

About 3501, Shams 2

3501 is a two-bedroom apartment of 1,323 sqft on the 35th floor of Shams 2, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 8 August 2019 for AED 1,400,000, or AED 1,058 per sqft, in line with the AED 1,085 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 5 Ejari contracts. The current contract, renewed on 22 September 2018, is AED 117,632 a year: a gross yield of 8.4% on the 2019 price, before the service charge of about AED 24,300 a year.

Sales and rents for 3501 over time

Sales
Unit 3501, 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, September 2007: AED 1,175,000 (AED 888 per sqft)Sold, February 2008: AED 1,225,000 (AED 926 per sqft)Sold, August 2019: AED 1,400,000 (AED 1,058 per sqft)

3501 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3501, 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, October 2012: AED 136,000 a yearNew contract, October 2015: AED 140,000 a yearRenewal, October 2016: AED 140,000 a yearNew contract, September 2017: AED 120,000 a yearRenewal, September 2018: AED 117,632 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 3501 sits

All 97 2-beds →

3501 last sold in August 2019 at AED 1,058 per sqft, in line with what two-beds in Shams 2 were fetching at the time (AED 1,085). 3501's AED 117,632 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 35th floor

All 154 units in Shams 2
Value
35022-bedAED 1.05M · Sep 2007
35032-bedAED 1.18M · Oct 2010
35042-bedAED 1.5M · Jan 2008

3501, Shams 2 in numbers

  • Sold 3 times: first on 11 September 2007 for AED 1,175,000, last on 8 August 2019 for AED 1,400,000 (AED 1,058 per sqft).
  • Rented since October 2012 on 5 Ejari contracts, from AED 136,000 to AED 117,632 a year.
  • At AED 117,632 a year the gross yield on the 2019 price is 8.4%, 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 8 August 2019.

Questions about 3501, Shams 2

What did unit 3501 last sell for?

AED 1,400,000 on 8 August 2019: AED 1,058 per sqft for 1,323 sqft. The unit has 3 registered sales; the first was AED 1,175,000 in September 2007.

What is the rent for unit 3501?

AED 117,632 a year on the contract renewed on 22 September 2018. The previous contract, from September 2017, was AED 120,000; the unit has been rented since October 2012.

How big is unit 3501?

1,323 sqft (122.9 sqm): a two-bedroom apartment on the 35th floor of a 41-storey tower completed in 2007.

What is unit 3501 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 3501, Shams 2

Starts from the last sale price (AED 1.4M, 8 August 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,400,000
Deposit, UAE resident (20%)
AED 280,000
Deposit, non-resident (40%)
AED 560,000
Monthly over 25 years at 3.7%
AED 5,728

Plus AED 63,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →