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2-bed · 1,347 sqftSherena Residence, Majan · 7th floor · completed 2017

A702, Sherena Residence

Sold prices and rental history: sold once, by the developer in November 2017, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A702 · DLD and Ejari recordsUpdated 1 August 2020
Last soldAED 564K1 November 2017
Current rentAED 65K /yr1 August 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for A702, Sherena Residence

What is A702 worth today?

Last sold for AED 563,990 in 2017

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1 Aug 2020RentedRenewal
AED 65,000/yr12 months · AED 48 per sqft
1 Aug 2019RentedNew contract
AED 71,000/yr12 months · AED 53 per sqft
24 Dec 2017RentedNew contract
AED 66,857/yr14 months · AED 50 per sqft
1 Nov 2017Sold by developerReady
AED 563,990AED 418 per sqft

Source: Dubai Land Department. Updated 1 August 2020.

Key facts

Type
2-bed apartment
Size
1,347 sqft
Floor
7th of 10
Parking
G-38
Developer
Rose Homes Investment
Completed
2017
Service charge
AED 14,800 /yr
Last sold
AED 564K · November 2017
Building
Sherena Residence

About A702, Sherena Residence

A702 is a two-bedroom apartment of 1,347 sqft on the 7th floor of Sherena Residence, a 10-storey tower in Majan completed in 2017 by Rose Homes Investment. The developer sold it on 1 November 2017 for AED 563,990, or AED 418 per sqft, 47% below the AED 793 two-beds in the building were fetching at the time.

It has been rented since 2017 on 3 Ejari contracts. The current contract, renewed on 1 August 2020, is AED 65,000 a year: a gross yield of 11.5% on the 2017 price, before the service charge of about AED 14,800 a year.

Sales and rents for A702 over time

Sales
Unit A702, each saleTypical two-bed in Sherena Residence
500K750K1M2016201920222025Typical sale price by year: 2016 AED 985,611; 2017 AED 980,382; 2018 AED 849,225; 2019 AED 950,000; 2023 AED 895,000; 2024 AED 1,030,000; 2025 AED 1,050,000Sold by developer, November 2017: AED 563,990 (AED 418 per sqft)

A702 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit A702, each contractTypical two-bed in Sherena Residence
60K80K2017202020232026Typical rent by year: 2017 AED 68,571; 2018 AED 68,571; 2019 AED 68,000; 2020 AED 60,000; 2021 AED 50,000; 2022 AED 55,375; 2023 AED 58,800; 2024 AED 67,224; 2025 AED 86,500; 2026 AED 90,000New contract, December 2017: AED 66,857 a yearNew contract, August 2019: AED 71,000 a yearRenewal, August 2020: AED 65,000 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 Sherena Residence, and where A702 sits

All 96 2-beds →

A702 last sold in November 2017 at AED 418 per sqft, 47% below what two-beds in Sherena Residence were fetching at the time (AED 793). Over the last 12 months two-beds sold for AED 1,270,000, around AED 938 per sqft, and rent for AED 67,489 to 101,000 a year. A702's AED 65,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
20 Jan 20261,270,000
24 Jul 20251,130,000
11 Jun 20251,150,000
1 May 20251,175,000
1 2-bed sale 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 7th floor

All 297 units in Sherena Residence
Value
A7011-bedAED 865K · Apr 2025
A7031-bedAED 800K · Sep 2024
A7041-bedAED 550K · Apr 2022
A7051-bedAED 550K · Sep 2022
A7062-bedAED 880K · Mar 2023
A7072-bedAED 950K · Mar 2019
A7082-bedAED 910K · Jan 2024
1–7 of 32

A702, Sherena Residence in numbers

  • Sold once: by Rose Homes Investment on 1 November 2017 for AED 563,990, or AED 418 per sqft.
  • Rented since December 2017 on 3 Ejari contracts, from AED 66,857 to AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2017 price is 11.5%, before a service charge of about AED 14,800 a year (AED 10.95 per sqft).
  • Two-beds in Sherena Residence sold for AED 1,270,000–1,270,000 in the 12 months to November 2026; the building's median across all types is AED 1,158 per sqft.

Source: Dubai Land Department. Updated 1 August 2020.

Questions about A702, Sherena Residence

What did unit A702 last sell for?

AED 563,990 on 1 November 2017, sold by the developer: AED 418 per sqft for 1,347 sqft. It is the only registered sale of the unit.

What is the rent for unit A702?

AED 65,000 a year on the contract renewed on 1 August 2020. The previous contract, from August 2019, was AED 71,000; the unit has been rented since December 2017.

How big is unit A702?

1,347 sqft (125.1 sqm): a two-bedroom apartment on the 7th floor of a 10-storey tower completed in 2017.

What is unit A702 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Sherena Residence sold for AED 1,270,000 to 1,270,000 in the last 12 months, around AED 938 per sqft.

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Mortgage on A702, Sherena Residence

Starts from the last sale price (AED 564K, 1 November 2017). Switch to today's estimate once you have unlocked it.
Price
AED 563,990
Deposit, UAE resident (20%)
AED 112,798
Deposit, non-resident (40%)
AED 225,596
Monthly over 25 years at 3.7%
AED 2,307

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