3-bed · 2,213 sqftShoreline - Al Khudrawi, Palm Jumeirah · 4th floor · completed 2007

402, Shoreline - Al Khudrawi

Sold prices and rental history: sold once, by the developer in February 2012, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 402 · DLD and Ejari recordsUpdated 23 October 2019
Last soldAED 1.23M15 February 2012
Current rentAED 160K /yr23 October 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 402, Shoreline - Al Khudrawi

What is 402 worth today?

Last sold for AED 1,226,760 in 2012

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23 Oct 2019RentedRenewal
AED 160,000/yr12 months · AED 72 per sqft
23 Oct 2018RentedRenewal
AED 160,000/yr12 months · AED 72 per sqft
23 Oct 2017RentedNew contract
AED 170,000/yr12 months · AED 77 per sqft
15 Feb 2012Sold by developerReady
AED 1,226,760AED 554 per sqft

Source: Dubai Land Department. Updated 23 October 2019.

Key facts

Type
3-bed apartment
Size
2,213 sqft
Floor
4th of 10
Parking
2B2-60,2B2-61
Developer
Nakheel
Completed
2007
Service charge
AED 26,000 /yr
Last sold
AED 1.23M · February 2012

About 402, Shoreline - Al Khudrawi

402 is a three-bedroom apartment of 2,213 sqft on the 4th floor of Shoreline - Al Khudrawi, a 10-storey tower in Palm Jumeirah completed in 2007 by Nakheel. The developer sold it on 15 February 2012 for AED 1,226,760, or AED 554 per sqft, 42% below the AED 960 three-beds in the building were fetching at the time.

It has been rented since 2017 on 3 Ejari contracts. The current contract, renewed on 23 October 2019, is AED 160,000 a year: a gross yield of 13.0% on the 2012 price, before the service charge of about AED 26,000 a year.

Sales and rents for 402 over time

Sales
Unit 402, each saleTypical three-bed in Shoreline - Al Khudrawi
2M4M2009201320172021Typical sale price by year: 2009 AED 1,226,680; 2010 AED 1,913,380; 2011 AED 2,150,000; 2012 AED 1,688,380; 2013 AED 1,625,000; 2018 AED 2,572,227; 2022 AED 3,600,000Sold by developer, February 2012: AED 1,226,760 (AED 554 per sqft)

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

Rents
Unit 402, each contractTypical three-bed in Shoreline - Al Khudrawi
150K200K2013201720212025Typical rent by year: 2013 AED 180,000; 2014 AED 200,000; 2015 AED 197,256; 2016 AED 195,000; 2017 AED 182,787; 2018 AED 168,000; 2019 AED 148,000; 2020 AED 130,000; 2021 AED 140,000; 2022 AED 154,000; 2023 AED 187,500; 2024 AED 224,750; 2025 AED 225,000; 2026 AED 230,000New contract, October 2017: AED 170,000 a yearRenewal, October 2018: AED 160,000 a yearRenewal, October 2019: AED 160,000 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 - Al Khudrawi, and where 402 sits

All 43 3-beds →

402 last sold in February 2012 at AED 554 per sqft, 42% below what three-beds in Shoreline - Al Khudrawi were fetching at the time (AED 960). Over the last 12 months three-beds sold for AED 4,400,000, around AED 2,016 per sqft, and rent for AED 200,000 to 350,000 a year. 402's AED 160,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
6 Jan 20264,400,000
22 May 20254,140,000
8 Apr 20254,250,000
12 Nov 20243,900,000
1 3-bed sale in the last 12 months

Shoreline - Al Khudrawi

Building

119 apartments, 1-bed to 4-bed over 10 floors in Palm Jumeirah, completed in 2007 by Nakheel. 6 sold in the last 12 months.

Typical price per sqft
AED 2,266
Typical sale
AED 5.06M
Typical rent
AED 185K /yr
Typical yield
5.2%
Shoreline - Al Khudrawi, Palm Jumeirah: prices, sales and rents →

Other units on the 4th floor

All 119 units in Shoreline - Al Khudrawi
Value
4012-bedAED 2.15M · Mar 2009
4033-bedAED 2.65M · Jun 2012
4041-bedAED 643K · Mar 2009
4052-bedAED 2.65M · Jan 2017
4062-bedAED 1.12M · Mar 2009
4072-bedAED 1.07M · Apr 2009
4082-bedAED 3.78M · Apr 2023
1–7 of 11

402, Shoreline - Al Khudrawi in numbers

  • Sold once: by Nakheel on 15 February 2012 for AED 1,226,760, or AED 554 per sqft.
  • Rented since October 2017 on 3 Ejari contracts, from AED 170,000 to AED 160,000 a year.
  • At AED 160,000 a year the gross yield on the 2012 price is 13.0%, before a service charge of about AED 26,000 a year (AED 11.73 per sqft).
  • Three-beds in Shoreline - Al Khudrawi sold for AED 4,400,000–4,400,000 in the 12 months to November 2026; the building's median across all types is AED 2,266 per sqft.

Source: Dubai Land Department. Updated 23 October 2019.

Questions about 402, Shoreline - Al Khudrawi

What did unit 402 last sell for?

AED 1,226,760 on 15 February 2012, sold by the developer: AED 554 per sqft for 2,213 sqft. It is the only registered sale of the unit.

What is the rent for unit 402?

AED 160,000 a year on the contract renewed on 23 October 2019. The previous contract, from October 2018, was AED 160,000; the unit has been rented since October 2017.

How big is unit 402?

2,213 sqft (205.6 sqm): a three-bedroom apartment on the 4th floor of a 10-storey tower completed in 2007.

What is unit 402 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Shoreline - Al Khudrawi sold for AED 4,400,000 to 4,400,000 in the last 12 months, around AED 2,016 per sqft.

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Mortgage on 402, Shoreline - Al Khudrawi

Starts from the last sale price (AED 1.23M, 15 February 2012). Switch to today's estimate once you have unlocked it.
Price
AED 1,226,760
Deposit, UAE resident (20%)
AED 245,352
Deposit, non-resident (40%)
AED 490,704
Monthly over 25 years at 3.7%
AED 5,019

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