1-bed · 869 sqftSherena Residence, Majan · 5th floor · completed 2017

B506, Sherena Residence

Sold prices and rental history: no registered sale, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit B506 · DLD and Ejari recordsUpdated 1 November 2023
Current rentAED 45K /yr1 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for B506, Sherena Residence

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1 Nov 2023RentedRenewal
AED 45,000/yr12 months · AED 52 per sqft
1 Nov 2022RentedNew contract
AED 45,000/yr12 months · AED 52 per sqft
3 Aug 2021RentedRenewal
AED 45,000/yr12 months · AED 52 per sqft
3 Jul 2020RentedRenewal
AED 42,462/yr13 months · AED 49 per sqft
3 Jul 2019RentedNew contract
AED 46,000/yr12 months · AED 53 per sqft

Source: Dubai Land Department. Updated 1 November 2023.

Key facts

Type
1-bed apartment
Size
869 sqft
Floor
5th of 10
Parking
B-125
Developer
Rose Homes Investment
Completed
2017
Service charge
AED 9,500 /yr
Last sold
No registered sale

About B506, Sherena Residence

B506 is a one-bedroom apartment of 869 sqft on the 5th floor of Sherena Residence, a 10-storey tower in Majan completed in 2017 by Rose Homes Investment. No sale of the unit is registered with the Dubai Land Department.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 1 November 2023, is AED 45,000 a year, before the service charge of about AED 9,500 a year.

Sales and rents for B506 over time

Sales
Unit B506, 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 810,000

No registered sale of B506; the dashed line is the one-bed median of each year in the building.

Rents
Unit B506, 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, July 2019: AED 46,000 a yearRenewal, July 2020: AED 42,462 a yearRenewal, August 2021: AED 45,000 a yearNew contract, November 2022: AED 45,000 a yearRenewal, November 2023: AED 45,000 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 Sherena Residence, and where B506 sits

All 123 1-beds →

B506's AED 45,000 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 5th floor

All 297 units in Sherena Residence
Value
A5011-bedAED 729K · Dec 2017
A5022-bedAED 1.1M · Nov 2017
A5031-bedAED 360K · Sep 2018
A5041-bedAED 694K · Dec 2017
A5051-bedAED 694K · Dec 2017
A5062-bedAED 1.1M · Dec 2017
A5072-bedAED 1.05M · Dec 2017
1–7 of 32

B506, Sherena Residence in numbers

  • No sale of the unit is registered with the Dubai Land Department.
  • Rented since July 2019 on 5 Ejari contracts, from AED 46,000 to AED 45,000 a year.

Source: Dubai Land Department. Updated 1 November 2023.

Questions about B506, Sherena Residence

What is the rent for unit B506?

AED 45,000 a year on the contract renewed on 1 November 2023. The previous contract, from November 2022, was AED 45,000; the unit has been rented since July 2019.

How big is unit B506?

869 sqft (80.7 sqm): a one-bedroom apartment on the 5th floor of a 10-storey tower completed in 2017.

What is unit B506 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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