2-bed · 1,551 sqftShoreline - Abu Keibal, Palm Jumeirah · 3rd floor · completed 2007

308, Shoreline - Abu Keibal

Sold prices and rental history: sold 3 times, last in February 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 308 · DLD and Ejari recordsUpdated 1 October 2024
Last soldAED 2.8M12 February 2024
Current rentAED 120K /yr1 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 308, Shoreline - Abu Keibal

What is 308 worth today?

Last sold for AED 2,800,000 in 2024

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1 Oct 2024RentedNew contract
AED 120,000/yr24 months · AED 77 per sqft
12 Feb 2024SoldReady
AED 2,800,000AED 1,805 per sqft
1 Jul 2023RentedRenewal
AED 155,000/yr12 months · AED 100 per sqft
1 Jul 2022RentedNew contract
AED 155,000/yr12 months · AED 100 per sqft
5 Jun 2021RentedRenewal
AED 109,000/yr12 months · AED 70 per sqft
5 Jun 2020RentedNew contract
AED 109,000/yr12 months · AED 70 per sqft
1 Sep 2018RentedNew contract
AED 125,000/yr12 months · AED 81 per sqft
18 Oct 2017SoldReady
AED 1,650,000AED 1,063 per sqft

Source: Dubai Land Department. Updated 1 October 2024.

Key facts

Type
2-bed apartment
Size
1,551 sqft
Floor
3rd of 8
Parking
B2-34
Developer
Nakheel
Completed
2007
Service charge
AED 22,800 /yr
Last sold
AED 2.8M · February 2024

About 308, Shoreline - Abu Keibal

308 is a two-bedroom apartment of 1,551 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 12 February 2024 for AED 2,800,000, or AED 1,805 per sqft, 8% above the AED 1,677 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, signed on 1 October 2024, is AED 120,000 a year: a gross yield of 4.3% on the 2024 price, before the service charge of about AED 22,800 a year.

Sales and rents for 308 over time

Sales
Unit 308, each saleTypical two-bed in Shoreline - Abu Keibal
2M20092013201720212025Typical sale price by year: 2009 AED 815,000; 2010 AED 1,000,000; 2011 AED 1,275,000; 2012 AED 1,500,000; 2013 AED 1,935,000; 2014 AED 2,325,000; 2017 AED 1,650,000; 2018 AED 1,950,000; 2020 AED 1,295,000; 2021 AED 1,650,000; 2022 AED 2,500,000; 2023 AED 2,500,000; 2024 AED 3,325,000Sold by developer, April 2009: AED 790,000 (AED 509 per sqft)Sold, October 2017: AED 1,650,000 (AED 1,063 per sqft)Sold, February 2024: AED 2,800,000 (AED 1,805 per sqft)

308 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 308, each contractTypical two-bed in Shoreline - Abu Keibal
100K200K300K2012201620202024Typical rent by year: 2012 AED 119,000; 2013 AED 130,000; 2014 AED 151,125; 2015 AED 156,500; 2016 AED 159,695; 2017 AED 140,000; 2018 AED 131,498; 2019 AED 120,000; 2020 AED 105,000; 2021 AED 98,250; 2022 AED 136,800; 2023 AED 156,250; 2024 AED 189,000; 2025 AED 195,000; 2026 AED 185,000New contract, February 2013: AED 105,000 a yearNew contract, October 2015: AED 318,182 a yearRenewal, March 2016: AED 140,000 a yearRenewal, March 2017: AED 135,000 a yearNew contract, September 2018: AED 125,000 a yearNew contract, June 2020: AED 109,000 a yearRenewal, June 2021: AED 109,000 a yearNew contract, July 2022: AED 155,000 a yearRenewal, July 2023: AED 155,000 a yearNew contract, October 2024: AED 120,000 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 Shoreline - Abu Keibal, and where 308 sits

All 48 2-beds →

308 last sold in February 2024 at AED 1,805 per sqft, 8% above what two-beds in Shoreline - Abu Keibal were fetching at the time (AED 1,677). Over the last 12 months two-beds sold for AED 3,700,000 to 3,825,000, around AED 2,396 per sqft, and rent for AED 150,000 to 350,000 a year. 308's AED 120,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
15 May 20263,700,000
15 Jan 20263,825,000
14 Jan 20254,080,000
16 Aug 20243,300,000
2 2-bed sales 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
3023-bedAED 1.7M · Jan 2019
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
1–7 of 11

308, Shoreline - Abu Keibal in numbers

  • Sold 3 times: first on 23 April 2009 for AED 790,000, last on 12 February 2024 for AED 2,800,000 (AED 1,805 per sqft).
  • Rented since February 2013 on 10 Ejari contracts, from AED 105,000 to AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2024 price is 4.3%, before a service charge of about AED 22,800 a year (AED 14.73 per sqft).
  • Two-beds in Shoreline - Abu Keibal sold for AED 3,700,000–3,825,000 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 1 October 2024.

Questions about 308, Shoreline - Abu Keibal

What did unit 308 last sell for?

AED 2,800,000 on 12 February 2024: AED 1,805 per sqft for 1,551 sqft. The unit has 3 registered sales; the first was AED 790,000 in April 2009.

What is the rent for unit 308?

AED 120,000 a year on the contract signed on 1 October 2024. The previous contract, from July 2023, was AED 155,000; the unit has been rented since February 2013.

How big is unit 308?

1,551 sqft (144.1 sqm): a two-bedroom apartment on the 3rd floor of a 8-storey tower completed in 2007.

What is unit 308 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Shoreline - Abu Keibal sold for AED 3,700,000 to 3,825,000 in the last 12 months, around AED 2,396 per sqft.

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Mortgage on 308, Shoreline - Abu Keibal

Starts from the last sale price (AED 2.8M, 12 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,800,000
Deposit, UAE resident (20%)
AED 560,000
Deposit, non-resident (40%)
AED 1,120,000
Monthly over 25 years at 3.7%
AED 11,456

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