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1-bed · 881 sqftSherena Residence, Majan · 4th floor · completed 2017

A403, Sherena Residence

Sold prices and rental history: sold once, by the developer in September 2016, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A403 · DLD and Ejari recordsUpdated 27 May 2024
Last soldAED 761K22 September 2016
Current rentAED 49K /yr27 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for A403, Sherena Residence

What is A403 worth today?

Last sold for AED 761,021 in 2016

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27 May 2024RentedRenewal
AED 48,510/yr12 months · AED 55 per sqft
27 May 2023RentedRenewal
AED 44,100/yr12 months · AED 50 per sqft
5 Jul 2020RentedRenewal
AED 40,000/yr12 months · AED 45 per sqft
5 Jul 2019RentedNew contract
AED 50,000/yr12 months · AED 57 per sqft
5 May 2018RentedNew contract
AED 49,714/yr14 months · AED 56 per sqft
22 Sep 2016Sold by developerOff-plan
AED 761,021AED 863 per sqft

Source: Dubai Land Department. Updated 27 May 2024.

Key facts

Type
1-bed apartment
Size
881 sqft
Floor
4th of 10
Parking
B-120
Developer
Rose Homes Investment
Completed
2017
Service charge
AED 9,700 /yr
Last sold
AED 761K · September 2016
Building
Sherena Residence

About A403, Sherena Residence

A403 is a one-bedroom apartment of 881 sqft on the 4th floor of Sherena Residence, a 10-storey tower in Majan completed in 2017 by Rose Homes Investment. The developer sold it on 22 September 2016 for AED 761,021, or AED 863 per sqft, 8% above the AED 799 one-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, renewed on 27 May 2024, is AED 48,510 a year: a gross yield of 6.4% on the 2016 price, before the service charge of about AED 9,700 a year.

Sales and rents for A403 over time

Sales
Unit A403, each saleTypical one-bed in Sherena Residence
600K800K2015201820212024Typical sale price by year: 2015 AED 724,780; 2016 AED 694,408; 2017 AED 703,088; 2018 AED 546,511; 2021 AED 597,500; 2022 AED 562,500; 2023 AED 680,000; 2024 AED 792,500; 2025 AED 810,000Sold by developer, September 2016: AED 761,021 (AED 863 per sqft)

A403 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit A403, each contractTypical one-bed in Sherena Residence
40K60K2017202020232026Typical rent by year: 2017 AED 51,429; 2018 AED 50,571; 2019 AED 50,000; 2020 AED 42,462; 2021 AED 40,000; 2022 AED 42,000; 2023 AED 44,100; 2024 AED 50,856; 2025 AED 59,500; 2026 AED 63,500New contract, May 2018: AED 49,714 a yearNew contract, July 2019: AED 50,000 a yearRenewal, July 2020: AED 40,000 a yearRenewal, May 2023: AED 44,100 a yearRenewal, May 2024: AED 48,510 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 Sherena Residence, and where A403 sits

All 123 1-beds →

A403 last sold in September 2016 at AED 863 per sqft, 8% above what one-beds in Sherena Residence were fetching at the time (AED 799). A403's AED 48,510 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
10 Jul 2025760,000
20 May 2025865,000
12 May 2025800,000
1 May 2025820,000
0 1-bed sales in the last 12 months

Sherena Residence

Building

297 apartments, studios to 4-bed over 10 floors in Majan, completed in 2017 by Rose Homes Investment. 5 sold in the last 12 months.

Typical price per sqft
AED 1,158
Typical sale
AED 530K
Typical rent
AED 66K /yr
Typical yield
6.1%
Sherena Residence, Majan: prices, sales and rents →

Other units on the 4th floor

All 297 units in Sherena Residence
Value
A4011-bedAED 610K · Aug 2022
A4022-bedAED 625K · Feb 2018
A4041-bedAED 650K · Apr 2018
A4051-bedAED 564K · Aug 2018
A4062-bedAED 625K · Feb 2018
A4072-bedAED 849K · Sep 2018
A4082-bedAED 900K · Jan 2024
1–7 of 32

A403, Sherena Residence in numbers

  • Sold once: by Rose Homes Investment on 22 September 2016 for AED 761,021, or AED 863 per sqft.
  • Rented since May 2018 on 5 Ejari contracts. The rent fell from AED 49,714 to AED 40,000 in 2020 and recovered to AED 48,510 by May 2024.
  • At AED 48,510 a year the gross yield on the 2016 price is 6.4%, before a service charge of about AED 9,700 a year (AED 10.95 per sqft).

Source: Dubai Land Department. Updated 27 May 2024.

Questions about A403, Sherena Residence

What did unit A403 last sell for?

AED 761,021 on 22 September 2016, sold by the developer: AED 863 per sqft for 881 sqft. It is the only registered sale of the unit.

What is the rent for unit A403?

AED 48,510 a year on the contract renewed on 27 May 2024. The previous contract, from May 2023, was AED 44,100; the unit has been rented since May 2018.

How big is unit A403?

881 sqft (81.8 sqm): a one-bedroom apartment on the 4th floor of a 10-storey tower completed in 2017.

What is unit A403 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 A403, Sherena Residence

Starts from the last sale price (AED 761K, 22 September 2016). Switch to today's estimate once you have unlocked it.
Price
AED 761,021
Deposit, UAE resident (20%)
AED 152,204
Deposit, non-resident (40%)
AED 304,408
Monthly over 25 years at 3.7%
AED 3,114

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →