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3-bed · 1,993 sqftShams 2, Jumeirah Beach Residence · completed 2007

UP-01, Shams 2

Sold prices and rental history: sold twice, last in October 2007, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit UP-01 · DLD and Ejari recordsUpdated 10 January 2025
Last soldAED 1.9M2 October 2007
Current rentAED 103K /yr10 January 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for UP-01, Shams 2

What is UP-01 worth today?

Last sold for AED 1,900,000 in 2007

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10 Jan 2025RentedRenewal
AED 103,006/yr10 months · AED 52 per sqft
10 Jan 2023RentedRenewal
AED 93,500/yr12 months · AED 47 per sqft
10 Jan 2022RentedRenewal
AED 85,000/yr12 months · AED 43 per sqft
10 Dec 2020RentedRenewal
AED 80,000/yr13 months · AED 40 per sqft
10 Dec 2018RentedRenewal
AED 120,000/yr12 months · AED 60 per sqft
10 Dec 2017RentedRenewal
AED 130,000/yr12 months · AED 65 per sqft
10 Dec 2016RentedRenewal
AED 130,000/yr12 months · AED 65 per sqft
10 Dec 2015RentedRenewal
AED 130,000/yr12 months · AED 65 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 10 January 2025.

Key facts

Type
3-bed apartment
Size
1,993 sqft
Parking
B224,T5
Developer
Dubai Properties
Completed
2007
Service charge
AED 36,600 /yr
Last sold
AED 1.9M · October 2007
Building
Shams 2

About UP-01, Shams 2

UP-01 is a three-bedroom apartment of 1,993 sqft of Shams 2, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 2 October 2007 for AED 1,900,000, or AED 953 per sqft, 15% above the AED 831 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, renewed on 10 January 2025, is AED 103,006 a year: a gross yield of 5.4% on the 2007 price, before the service charge of about AED 36,600 a year.

Sales and rents for UP-01 over time

Sales
Unit UP-01, 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, September 2007: AED 1,560,000 (AED 782 per sqft)Sold, October 2007: AED 1,900,000 (AED 953 per sqft)

UP-01 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit UP-01, 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, December 2013: AED 120,000 a yearNew contract, December 2014: AED 130,000 a yearRenewal, December 2015: AED 130,000 a yearRenewal, December 2016: AED 130,000 a yearRenewal, December 2017: AED 130,000 a yearRenewal, December 2018: AED 120,000 a yearRenewal, December 2020: AED 80,000 a yearRenewal, January 2022: AED 85,000 a yearRenewal, January 2023: AED 93,500 a yearRenewal, January 2025: AED 103,006 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 UP-01 sits

All 41 3-beds →

UP-01 last sold in October 2007 at AED 953 per sqft, 15% above what three-beds in Shams 2 were fetching at the time (AED 831). 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 →

UP-01, Shams 2 in numbers

  • Sold twice: first on 11 September 2007 for AED 1,560,000, last on 2 October 2007 for AED 1,900,000 (AED 953 per sqft).
  • Rented since December 2013 on 10 Ejari contracts. The rent fell from AED 120,000 to AED 80,000 in 2020 and recovered to AED 103,006 by January 2025.
  • At AED 103,006 a year the gross yield on the 2007 price is 5.4%, 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 10 January 2025.

Questions about UP-01, Shams 2

What did unit UP-01 last sell for?

AED 1,900,000 on 2 October 2007: AED 953 per sqft for 1,993 sqft. The unit has 2 registered sales; the first was AED 1,560,000 in September 2007.

What is the rent for unit UP-01?

AED 103,006 a year on the contract renewed on 10 January 2025. The previous contract, from January 2023, was AED 93,500; the unit has been rented since December 2013.

How big is unit UP-01?

1,993 sqft (185.2 sqm): a three-bedroom apartment of a 41-storey tower completed in 2007.

What is unit UP-01 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 UP-01, Shams 2

Starts from the last sale price (AED 1.9M, 2 October 2007). 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 →