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1-bed · 881 sqftSherena Residence, Majan · 7th floor · completed 2017

A703, Sherena Residence

Sold prices and rental history: sold twice, last in September 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A703 · DLD and Ejari recordsUpdated 30 September 2024
Last soldAED 800K30 September 2024
Current rentAED 45K /yr15 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for A703, Sherena Residence

What is A703 worth today?

Last sold for AED 800,000 in 2024

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30 Sep 2024SoldReady
AED 800,000AED 907 per sqft
15 Feb 2024RentedRenewal
AED 45,150/yr12 months · AED 51 per sqft
15 Feb 2023RentedRenewal
AED 45,150/yr12 months · AED 51 per sqft
15 Feb 2022RentedRenewal
AED 43,000/yr12 months · AED 49 per sqft
15 Feb 2021RentedRenewal
AED 42,000/yr12 months · AED 48 per sqft
15 Jan 2019RentedRenewal
AED 55,385/yr13 months · AED 63 per sqft
1 Nov 2017Sold by developerReady
AED 361,694AED 410 per sqft

Source: Dubai Land Department. Updated 30 September 2024.

Key facts

Type
1-bed apartment
Size
881 sqft
Floor
7th of 10
Parking
G-39
Developer
Rose Homes Investment
Completed
2017
Service charge
AED 9,700 /yr
Last sold
AED 800K · September 2024
Building
Sherena Residence

About A703, Sherena Residence

A703 is a one-bedroom apartment of 881 sqft on the 7th floor of Sherena Residence, a 10-storey tower in Majan completed in 2017 by Rose Homes Investment. It last sold on 30 September 2024 for AED 800,000, or AED 907 per sqft, 14% above the AED 799 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 15 February 2024, is AED 45,150 a year: a gross yield of 5.6% on the 2024 price, before the service charge of about AED 9,700 a year.

Sales and rents for A703 over time

Sales
Unit A703, each saleTypical one-bed in Sherena Residence
500K750K2015201820212024Typical 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, November 2017: AED 361,694 (AED 410 per sqft)Sold, September 2024: AED 800,000 (AED 907 per sqft)

A703 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit A703, 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 63,500Renewal, January 2019: AED 55,385 a yearRenewal, February 2021: AED 42,000 a yearRenewal, February 2022: AED 43,000 a yearRenewal, February 2023: AED 45,150 a yearRenewal, February 2024: AED 45,150 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 A703 sits

All 123 1-beds →

A703 last sold in September 2024 at AED 907 per sqft, 14% above what one-beds in Sherena Residence were fetching at the time (AED 799). A703's AED 45,150 is at the bottom 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 7th floor

All 297 units in Sherena Residence
Value
A7011-bedAED 865K · Apr 2025
A7022-bedAED 564K · Nov 2017
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

A703, Sherena Residence in numbers

  • Sold twice: first on 1 November 2017 for AED 361,694, last on 30 September 2024 for AED 800,000 (AED 907 per sqft).
  • Rented since January 2019 on 5 Ejari contracts, from AED 55,385 to AED 45,150 a year.
  • At AED 45,150 a year the gross yield on the 2024 price is 5.6%, before a service charge of about AED 9,700 a year (AED 10.95 per sqft).

Source: Dubai Land Department. Updated 30 September 2024.

Questions about A703, Sherena Residence

What did unit A703 last sell for?

AED 800,000 on 30 September 2024: AED 907 per sqft for 881 sqft. The unit has 2 registered sales; the first was AED 361,694 in November 2017.

What is the rent for unit A703?

AED 45,150 a year on the contract renewed on 15 February 2024. The previous contract, from February 2023, was AED 45,150; the unit has been rented since January 2019.

How big is unit A703?

881 sqft (81.8 sqm): a one-bedroom apartment on the 7th floor of a 10-storey tower completed in 2017.

What is unit A703 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 A703, Sherena Residence

Starts from the last sale price (AED 800K, 30 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 800,000
Deposit, UAE resident (20%)
AED 160,000
Deposit, non-resident (40%)
AED 320,000
Monthly over 25 years at 3.7%
AED 3,273

Plus AED 38,610 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →