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2-bed · 1,142 sqftSherena Residence, Majan · 5th floor · completed 2017

C508, Sherena Residence

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

Unit C508 · DLD and Ejari recordsUpdated 1 October 2023
Last soldAED 929K2 June 2016
Current rentAED 58K /yr1 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for C508, Sherena Residence

What is C508 worth today?

Last sold for AED 928,720 in 2016

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1 Oct 2023RentedRenewal
AED 57,750/yr12 months · AED 51 per sqft
1 Oct 2021RentedNew contract
AED 50,000/yr12 months · AED 44 per sqft
1 May 2020RentedRenewal
AED 60,000/yr12 months · AED 53 per sqft
1 Mar 2018RentedNew contract
AED 66,857/yr14 months · AED 59 per sqft
2 Jun 2016Sold by developerOff-plan
AED 928,720AED 813 per sqft

Source: Dubai Land Department. Updated 1 October 2023.

Key facts

Type
2-bed apartment
Size
1,142 sqft
Floor
5th of 10
Parking
B-157
Developer
Rose Homes Investment
Completed
2017
Service charge
AED 12,500 /yr
Last sold
AED 929K · June 2016
Building
Sherena Residence

About C508, Sherena Residence

C508 is a two-bedroom apartment of 1,142 sqft on the 5th floor of Sherena Residence, a 10-storey tower in Majan completed in 2017 by Rose Homes Investment. The developer sold it on 2 June 2016 for AED 928,720, or AED 813 per sqft, in line with the AED 818 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, renewed on 1 October 2023, is AED 57,750 a year: a gross yield of 6.2% on the 2016 price, before the service charge of about AED 12,500 a year.

Sales and rents for C508 over time

Sales
Unit C508, each saleTypical two-bed in Sherena Residence
900K1M2016201920222025Typical 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, June 2016: AED 928,720 (AED 813 per sqft)

C508 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit C508, 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, March 2018: AED 66,857 a yearRenewal, May 2020: AED 60,000 a yearNew contract, October 2021: AED 50,000 a yearRenewal, October 2023: AED 57,750 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 C508 sits

All 96 2-beds →

C508 last sold in June 2016 at AED 813 per sqft, in line with what two-beds in Sherena Residence were fetching at the time (AED 818). 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. C508's AED 57,750 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 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

C508, Sherena Residence in numbers

  • Sold once: by Rose Homes Investment on 2 June 2016 for AED 928,720, or AED 813 per sqft.
  • Rented since March 2018 on 4 Ejari contracts. The rent fell from AED 66,857 to AED 50,000 in 2021 and recovered to AED 57,750 by October 2023.
  • At AED 57,750 a year the gross yield on the 2016 price is 6.2%, before a service charge of about AED 12,500 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 October 2023.

Questions about C508, Sherena Residence

What did unit C508 last sell for?

AED 928,720 on 2 June 2016, sold by the developer: AED 813 per sqft for 1,142 sqft. It is the only registered sale of the unit.

What is the rent for unit C508?

AED 57,750 a year on the contract renewed on 1 October 2023. The previous contract, from October 2021, was AED 50,000; the unit has been rented since March 2018.

How big is unit C508?

1,142 sqft (106.1 sqm): a two-bedroom apartment on the 5th floor of a 10-storey tower completed in 2017.

What is unit C508 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 C508, Sherena Residence

Starts from the last sale price (AED 929K, 2 June 2016). Switch to today's estimate once you have unlocked it.
Price
AED 928,720
Deposit, UAE resident (20%)
AED 185,744
Deposit, non-resident (40%)
AED 371,488
Monthly over 25 years at 3.7%
AED 3,800

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