508, Shoreline - Abu Keibal
Sold prices and rental history: sold once, by the developer in April 2009, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, Shoreline - Abu Keibal
What is 508 worth today?
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Source: Dubai Land Department. Updated 10 June 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,551 sqft
- Floor
- 5th of 8
- Parking
- B2-108
- Developer
- Nakheel
- Completed
- 2007
- Service charge
- AED 22,800 /yr
- Last sold
- AED 790K · April 2009
- Building
- Shoreline - Abu Keibal
About 508, Shoreline - Abu Keibal
508 is a two-bedroom apartment of 1,551 sqft on the 5th floor of Shoreline - Abu Keibal, a 8-storey tower in Palm Jumeirah completed in 2007 by Nakheel. The developer sold it on 23 April 2009 for AED 790,000, or AED 509 per sqft, in line with the AED 513 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, signed on 10 June 2024, is AED 200,000 a year: a gross yield of 25.3% on the 2009 price, before the service charge of about AED 22,800 a year.
Sales and rents for 508 over time
508 has sold once; the dashed line is the two-bed median of each year in the building.
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 508 sits
All 48 2-beds →508 last sold in April 2009 at AED 509 per sqft, in line with what two-beds in Shoreline - Abu Keibal were fetching at the time (AED 513). 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. 508's AED 200,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 15 May 202615 May 2026 | 1,551 sqft | 3,700,000 | 2,385 | ||
| 15 Jan 202615 January 2026 | 1,589 sqft | 3,825,000 | 2,407 | ||
| 14 Jan 202514 January 2025 | 2,000 sqft | 4,080,000 | 2,040 | ||
| 16 Aug 202416 August 2024 | 1,551 sqft | 3,300,000 | 2,127 |
Shoreline - Abu Keibal
Building96 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%
Other units on the 5th floor
All 96 units in Shoreline - Abu Keibal| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,589 sqft | AED 1.5MAED 1,500,000 · May 2019May 2019 | 175,000 /yr | |
| 502 | 3-bed | 2,218 sqft | AED 2.75MAED 2,750,000 · Sep 2013September 2013 | 210,000 /yr | |
| 503 | 3-bed | 2,157 sqft | AED 5MAED 5,000,000 · Sep 2025September 2025 | 274,687 /yr | |
| 504 | 1-bed | 1,145 sqft | AED 2.95MAED 2,950,000 · Oct 2024October 2024 | 190,000 /yr | |
| 505 | 2-bed | 1,551 sqft | AED 790KAED 790,000 · Jul 2009July 2009 | 90,000 /yr | |
| 506 | 2-bed | 2,000 sqft | AED 4.08MAED 4,080,000 · Jan 2025January 2025 | 126,000 /yr | |
| 507 | 2-bed | 2,000 sqft | AED 1.03MAED 1,025,000 · Apr 2009April 2009 | 189,000 /yr | |
| 509 | 1-bed | 1,145 sqft | AED 1.18MAED 1,175,000 · Sep 2012September 2012 | 112,125 /yr | |
| 510 | 3-bed | 2,157 sqft | AED 2.88MAED 2,882,500 · Jan 2015January 2015 | 210,000 /yr | |
| 511 | 3-bed | 2,218 sqft | AED 4.8MAED 4,800,000 · Jun 2026June 2026 | 240,000 /yr | |
| 512 | 2-bed | 1,589 sqft | AED 3.83MAED 3,825,000 · Jan 2026January 2026 | 224,000 /yr |
508, Shoreline - Abu Keibal in numbers
- Sold once: by Nakheel on 23 April 2009 for AED 790,000, or AED 509 per sqft.
- Rented since January 2014 on 6 Ejari contracts. The rent fell from AED 109,725 to AED 95,000 in 2021 and recovered to AED 200,000 by June 2024.
- At AED 200,000 a year the gross yield on the 2009 price is 25.3%, 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 10 June 2024.
Questions about 508, Shoreline - Abu Keibal
What did unit 508 last sell for?
AED 790,000 on 23 April 2009, sold by the developer: AED 509 per sqft for 1,551 sqft. It is the only registered sale of the unit.
What is the rent for unit 508?
AED 200,000 a year on the contract signed on 10 June 2024. The previous contract, from September 2022, was AED 102,600; the unit has been rented since January 2014.
How big is unit 508?
1,551 sqft (144.1 sqm): a two-bedroom apartment on the 5th floor of a 8-storey tower completed in 2007.
What is unit 508 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 508, Shoreline - Abu Keibal
Starts from the last sale price (AED 790K, 23 April 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 790,000
- Deposit, UAE resident (20%)
- AED 158,000
- Deposit, non-resident (40%)
- AED 316,000
- Monthly over 25 years at 3.7%
- AED 3,232
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →