3-bed · 2,218 sqftShoreline - Abu Keibal, Palm Jumeirah · 3rd floor · completed 2007

302, Shoreline - Abu Keibal

Sold prices and rental history: sold twice, last in January 2019, and rented continuously since 2011. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 302 · DLD and Ejari recordsUpdated 17 January 2019
Last soldAED 1.7M17 January 2019
Current rentAED 163K /yr6 January 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 302, Shoreline - Abu Keibal

What is 302 worth today?

Last sold for AED 1,700,000 in 2019

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17 Jan 2019SoldReady
AED 1,700,000AED 766 per sqft
6 Jan 2018RentedRenewal
AED 162,776/yr2 months · AED 73 per sqft
6 Jan 2017RentedRenewal
AED 167,000/yr12 months · AED 75 per sqft
6 Jan 2016RentedRenewal
AED 180,000/yr12 months · AED 81 per sqft
6 Jan 2015RentedNew contract
AED 170,000/yr12 months · AED 77 per sqft
4 Nov 2013RentedNew contract
AED 185,000/yr12 months · AED 83 per sqft
25 Aug 2013RentedRenewal
AED 155,000/yr12 months · AED 70 per sqft
25 Feb 2013RentedRenewal
AED 155,000/yr6 months · AED 70 per sqft

Source: Dubai Land Department. Updated 17 January 2019.

Key facts

Type
3-bed apartment
Size
2,218 sqft
Floor
3rd of 8
Parking
B2-28,B2-29
Developer
Nakheel
Completed
2007
Service charge
AED 32,700 /yr
Last sold
AED 1.7M · January 2019

About 302, Shoreline - Abu Keibal

302 is a three-bedroom apartment of 2,218 sqft on the 3rd floor of Shoreline - Abu Keibal, a 8-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 17 January 2019 for AED 1,700,000, or AED 766 per sqft, 20% below the AED 955 three-beds in the building were fetching at the time.

It has been rented continuously since 2011 on 8 Ejari contracts. The current contract, renewed on 6 January 2018, is AED 162,776 a year: a gross yield of 9.6% on the 2019 price, before the service charge of about AED 32,700 a year.

Sales and rents for 302 over time

Sales
Unit 302, each saleTypical three-bed in Shoreline - Abu Keibal
1M2M3M2009201320172021Typical sale price by year: 2009 AED 1,175,000; 2010 AED 1,175,000; 2011 AED 1,175,000; 2012 AED 1,900,000; 2013 AED 2,350,000; 2014 AED 3,200,000; 2015 AED 2,882,500; 2017 AED 2,600,000; 2018 AED 2,100,000; 2023 AED 3,075,000Sold by developer, April 2009: AED 1,150,000 (AED 518 per sqft)Sold, January 2019: AED 1,700,000 (AED 766 per sqft)

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

Rents
Unit 302, each contractTypical three-bed in Shoreline - Abu Keibal
150K200K250K20112015201920232027Typical rent by year: 2012 AED 150,000; 2013 AED 160,000; 2014 AED 190,000; 2015 AED 190,000; 2016 AED 180,000; 2017 AED 179,000; 2018 AED 165,000; 2019 AED 147,500; 2020 AED 130,000; 2021 AED 149,000; 2022 AED 159,988; 2023 AED 213,000; 2024 AED 240,000; 2025 AED 222,500; 2026 AED 222,875New contract, August 2011: AED 140,000 a yearRenewal, February 2013: AED 155,000 a yearRenewal, August 2013: AED 155,000 a yearNew contract, November 2013: AED 185,000 a yearNew contract, January 2015: AED 170,000 a yearRenewal, January 2016: AED 180,000 a yearRenewal, January 2017: AED 167,000 a yearRenewal, January 2018: AED 162,776 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Shoreline - Abu Keibal, and where 302 sits

All 36 3-beds →

302 last sold in January 2019 at AED 766 per sqft, 20% below what three-beds in Shoreline - Abu Keibal were fetching at the time (AED 955). Over the last 12 months three-beds sold for AED 4,800,000, around AED 2,164 per sqft, and rent for AED 120,000 to 325,000 a year. 302's AED 162,776 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
16 Jun 20264,800,000
1 Sep 20255,000,000
26 Apr 20254,350,000
30 May 20244,450,000
1 3-bed sale in the last 12 months

Shoreline - Abu Keibal

Building

96 apartments, 1-bed to 4-bed over 8 floors in Palm Jumeirah, completed in 2007 by Nakheel. 5 sold in the last 12 months.

Typical price per sqft
AED 2,336
Typical sale
AED 3.7M
Typical rent
AED 189K /yr
Typical yield
4.8%
Shoreline - Abu Keibal, Palm Jumeirah: prices, sales and rents →

Other units on the 3rd floor

All 96 units in Shoreline - Abu Keibal
Value
3012-bedAED 800K · Apr 2009
3033-bedAED 1.15M · Apr 2009
3041-bedAED 1.15M · Feb 2021
3052-bedAED 3.7M · May 2024
3062-bedAED 2.5M · Oct 2022
3072-bedAED 3.35M · Jan 2024
3082-bedAED 2.8M · Feb 2024
1–7 of 11

302, Shoreline - Abu Keibal in numbers

  • Sold twice: first on 23 April 2009 for AED 1,150,000, last on 17 January 2019 for AED 1,700,000 (AED 766 per sqft).
  • Rented since August 2011 on 8 Ejari contracts, from AED 140,000 to AED 162,776 a year.
  • At AED 162,776 a year the gross yield on the 2019 price is 9.6%, before a service charge of about AED 32,700 a year (AED 14.73 per sqft).
  • Three-beds in Shoreline - Abu Keibal sold for AED 4,800,000–4,800,000 in the 12 months to November 2026; the building's median across all types is AED 2,336 per sqft.

Source: Dubai Land Department. Updated 17 January 2019.

Questions about 302, Shoreline - Abu Keibal

What did unit 302 last sell for?

AED 1,700,000 on 17 January 2019: AED 766 per sqft for 2,218 sqft. The unit has 2 registered sales; the first was AED 1,150,000 in April 2009.

What is the rent for unit 302?

AED 162,776 a year on the contract renewed on 6 January 2018. The previous contract, from January 2017, was AED 167,000; the unit has been rented since August 2011.

How big is unit 302?

2,218 sqft (206.1 sqm): a three-bedroom apartment on the 3rd floor of a 8-storey tower completed in 2007.

What is unit 302 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Shoreline - Abu Keibal sold for AED 4,800,000 to 4,800,000 in the last 12 months, around AED 2,164 per sqft.

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Mortgage on 302, Shoreline - Abu Keibal

Starts from the last sale price (AED 1.7M, 17 January 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,700,000
Deposit, UAE resident (20%)
AED 340,000
Deposit, non-resident (40%)
AED 680,000
Monthly over 25 years at 3.7%
AED 6,955

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