1-bed · 1,171 sqftShams 4, Jumeirah Beach Residence · 24th floor · completed 2007

2404, Shams 4

Sold prices and rental history: sold twice, last in April 2017, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2404 · DLD and Ejari recordsUpdated 5 April 2017
Last soldAED 1.51M5 April 2017
Current rentAED 110K /yr11 July 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2404, Shams 4

What is 2404 worth today?

Last sold for AED 1,510,000 in 2017

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5 Apr 2017SoldReady
AED 1,510,000AED 1,289 per sqft
11 Jul 2016RentedNew contract
AED 110,000/yr12 months · AED 94 per sqft
8 Jan 2016RentedRenewal
AED 120,000/yr12 months · AED 102 per sqft
8 Jan 2015RentedNew contract
AED 120,000/yr12 months · AED 102 per sqft
5 Jan 2013RentedNew contract
AED 96,500/yr12 months · AED 82 per sqft
22 Jan 2008Sold by developerReady
AED 1,300,130AED 1,109 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 5 April 2017.

Key facts

Type
1-bed apartment
Size
1,171 sqft
Floor
24th of 41
Parking
B355
Developer
Dubai Properties
Completed
2007
Service charge
AED 19,500 /yr
Last sold
AED 1.51M · April 2017
Building
Shams 4

About 2404, Shams 4

2404 is a one-bedroom apartment of 1,171 sqft on the 24th floor of Shams 4, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 5 April 2017 for AED 1,510,000, or AED 1,289 per sqft, in line with the AED 1,289 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, signed on 11 July 2016, is AED 110,000 a year: a gross yield of 7.3% on the 2017 price, before the service charge of about AED 19,500 a year.

Sales and rents for 2404 over time

Sales
Unit 2404, each saleTypical one-bed in Shams 4
1M2M2008201320182023Typical sale price by year: 2008 AED 1,594,969; 2009 AED 2,000,000; 2010 AED 1,290,171; 2011 AED 1,250,000; 2012 AED 700,000; 2013 AED 1,625,000; 2014 AED 1,930,000; 2015 AED 1,497,485; 2016 AED 1,612,500; 2018 AED 1,410,000; 2019 AED 1,300,000; 2020 AED 1,125,000; 2021 AED 1,207,500; 2022 AED 1,475,000; 2023 AED 1,975,000; 2024 AED 2,000,000Sold by developer, January 2008: AED 1,300,130 (AED 1,109 per sqft)Sold, April 2017: AED 1,510,000 (AED 1,289 per sqft)

2404 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2404, each contractTypical one-bed in Shams 4
75K100K125K2012201620202024Typical rent by year: 2012 AED 87,265; 2013 AED 96,500; 2014 AED 114,500; 2015 AED 120,000; 2016 AED 115,000; 2017 AED 120,000; 2018 AED 103,000; 2019 AED 86,000; 2020 AED 70,000; 2021 AED 71,000; 2022 AED 79,375; 2023 AED 81,730; 2024 AED 106,500; 2025 AED 112,000New contract, January 2013: AED 96,500 a yearNew contract, January 2015: AED 120,000 a yearRenewal, January 2016: AED 120,000 a yearNew contract, July 2016: AED 110,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Shams 4, and where 2404 sits

All 57 1-beds →

2404 last sold in April 2017 at AED 1,289 per sqft, in line with what one-beds in Shams 4 were fetching at the time (AED 1,289). Over the last 12 months one-beds sold for AED 2,950,000, around AED 1,840 per sqft, and rent for AED 110,000 to 160,000 a year. 2404's AED 110,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
6 Feb 20262,950,000
14 Jul 20252,100,000
13 Dec 20242,575,000
12 Nov 20242,000,000
1 1-bed sale in the last 12 months

Shams 4

Building

224 apartments, 1-bed to 4-bed over 41 floors in Jumeirah Beach Residence, completed in 2007 by Dubai Properties. 5 sold in the last 12 months.

Typical price per sqft
AED 1,669
Typical sale
AED 2.95M
Typical rent
AED 135K /yr
Typical yield
6.0%
Shams 4, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 24th floor

All 224 units in Shams 4
Value
24012-bedAED 2.1M · Apr 2008
24022-bedAED 1.82M · Jul 2022
24031-bedAED 2.55M · Apr 2008
24052-bedAED 2.2M · Aug 2014
24062-bedAED 1.2M · May 2021
24074-bedAED 4.38M · Nov 2012

2404, Shams 4 in numbers

  • Sold twice: first on 22 January 2008 for AED 1,300,130, last on 5 April 2017 for AED 1,510,000 (AED 1,289 per sqft).
  • Rented since January 2013 on 4 Ejari contracts, from AED 96,500 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2017 price is 7.3%, before a service charge of about AED 19,500 a year (AED 16.65 per sqft).
  • One-beds in Shams 4 sold for AED 2,950,000–2,950,000 in the 12 months to November 2026; the building's median across all types is AED 1,669 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 5 April 2017.

Questions about 2404, Shams 4

What did unit 2404 last sell for?

AED 1,510,000 on 5 April 2017: AED 1,289 per sqft for 1,171 sqft. The unit has 2 registered sales; the first was AED 1,300,130 in January 2008.

What is the rent for unit 2404?

AED 110,000 a year on the contract signed on 11 July 2016. The previous contract, from January 2016, was AED 120,000; the unit has been rented since January 2013.

How big is unit 2404?

1,171 sqft (108.8 sqm): a one-bedroom apartment on the 24th floor of a 41-storey tower completed in 2007.

What is unit 2404 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Shams 4 sold for AED 2,950,000 to 2,950,000 in the last 12 months, around AED 1,840 per sqft.

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Mortgage on 2404, Shams 4

Starts from the last sale price (AED 1.51M, 5 April 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,510,000
Deposit, UAE resident (20%)
AED 302,000
Deposit, non-resident (40%)
AED 604,000
Monthly over 25 years at 3.7%
AED 6,178

Plus AED 68,430 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →