2-bed · 1,551 sqftShoreline - Al Khudrawi, Palm Jumeirah · 4th floor · completed 2007

405, Shoreline - Al Khudrawi

Sold prices and rental history: sold twice, last in January 2017, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 405 · DLD and Ejari recordsUpdated 17 January 2017
Last soldAED 2.65M17 January 2017
Current rentAED 152K /yr4 March 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 405, Shoreline - Al Khudrawi

What is 405 worth today?

Last sold for AED 2,650,000 in 2017

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17 Jan 2017SoldReady
AED 2,650,000AED 1,708 per sqft
4 Mar 2016RentedRenewal
AED 151,557/yr3 months · AED 98 per sqft
1 Jan 2016RentedRenewal
AED 314,769/yr2 months · AED 203 per sqft
1 Jul 2015RentedNew contract
AED 190,000/yr6 months · AED 123 per sqft
20 Nov 2014RentedNew contract
AED 163,934/yr7 months · AED 106 per sqft
20 May 2014RentedNew contract
AED 180,000/yr6 months · AED 116 per sqft
20 May 2013RentedNew contract
AED 149,000/yr12 months · AED 96 per sqft
4 Mar 2009Sold by developerReady
AED 858,666AED 553 per sqft

Source: Dubai Land Department. Updated 17 January 2017.

Key facts

Type
2-bed apartment
Size
1,551 sqft
Floor
4th of 10
Parking
2B2-57
Developer
Nakheel
Completed
2007
Service charge
AED 18,200 /yr
Last sold
AED 2.65M · January 2017

About 405, Shoreline - Al Khudrawi

405 is a two-bedroom apartment of 1,551 sqft on the 4th floor of Shoreline - Al Khudrawi, a 10-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 17 January 2017 for AED 2,650,000, or AED 1,708 per sqft, in line with the AED 1,711 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, renewed on 4 March 2016, is AED 151,557 a year: a gross yield of 5.7% on the 2017 price, before the service charge of about AED 18,200 a year.

Sales and rents for 405 over time

Sales
Unit 405, each saleTypical two-bed in Shoreline - Al Khudrawi
02.5M5M2009201420192024Typical sale price by year: 2009 AED 1,114,983; 2011 AED 1,550,000; 2012 AED 2,500,000; 2013 AED 2,600,000; 2014 AED 2,842,500; 2015 AED 2,025,000; 2016 AED 3,100,000; 2017 AED 2,875,000; 2018 AED 2,298,188; 2019 AED 3,022,442; 2020 AED 2,450,000; 2021 AED 1,800,000; 2022 AED 2,693,750; 2023 AED 2,889,000; 2025 AED 5,762,500; 2026 AED 3,850,000Sold by developer, March 2009: AED 858,666 (AED 553 per sqft)Sold, January 2017: AED 2,650,000 (AED 1,708 per sqft)

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

Rents
Unit 405, each contractTypical two-bed in Shoreline - Al Khudrawi
100K200K300K2012201620202024Typical rent by year: 2012 AED 145,000; 2013 AED 160,000; 2014 AED 175,500; 2015 AED 183,750; 2016 AED 175,000; 2017 AED 160,000; 2018 AED 155,000; 2019 AED 130,000; 2020 AED 124,000; 2021 AED 120,000; 2022 AED 135,000; 2023 AED 159,600; 2024 AED 180,000; 2025 AED 180,000; 2026 AED 183,750New contract, May 2013: AED 149,000 a yearNew contract, May 2014: AED 180,000 a yearNew contract, November 2014: AED 163,934 a yearNew contract, July 2015: AED 190,000 a yearRenewal, January 2016: AED 314,769 a yearRenewal, March 2016: AED 151,557 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 - Al Khudrawi, and where 405 sits

All 60 2-beds →

405 last sold in January 2017 at AED 1,708 per sqft, in line with what two-beds in Shoreline - Al Khudrawi were fetching at the time (AED 1,711). Over the last 12 months two-beds sold for AED 3,330,000 to 5,818,578, around AED 2,673 per sqft, and rent for AED 110,000 to 260,000 a year. 405's AED 151,557 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
10 Sep 20263,850,000
20 Jul 20265,818,578
5 Jun 20263,330,000
16 Dec 20255,725,000
4 2-bed sales 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
4023-bedAED 1.23M · Feb 2012
4033-bedAED 2.65M · Jun 2012
4041-bedAED 643K · Mar 2009
4062-bedAED 1.12M · Mar 2009
4072-bedAED 1.07M · Apr 2009
4082-bedAED 3.78M · Apr 2023
1–7 of 11

405, Shoreline - Al Khudrawi in numbers

  • Sold twice: first on 4 March 2009 for AED 858,666, last on 17 January 2017 for AED 2,650,000 (AED 1,708 per sqft).
  • Rented since May 2013 on 6 Ejari contracts, from AED 149,000 to AED 151,557 a year.
  • At AED 151,557 a year the gross yield on the 2017 price is 5.7%, before a service charge of about AED 18,200 a year (AED 11.73 per sqft).
  • Two-beds in Shoreline - Al Khudrawi sold for AED 3,330,000–5,818,578 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 17 January 2017.

Questions about 405, Shoreline - Al Khudrawi

What did unit 405 last sell for?

AED 2,650,000 on 17 January 2017: AED 1,708 per sqft for 1,551 sqft. The unit has 2 registered sales; the first was AED 858,666 in March 2009.

What is the rent for unit 405?

AED 151,557 a year on the contract renewed on 4 March 2016. The previous contract, from January 2016, was AED 314,769; the unit has been rented since May 2013.

How big is unit 405?

1,551 sqft (144.1 sqm): a two-bedroom apartment on the 4th floor of a 10-storey tower completed in 2007.

What is unit 405 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Shoreline - Al Khudrawi sold for AED 3,330,000 to 5,818,578 in the last 12 months, around AED 2,673 per sqft.

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Mortgage on 405, Shoreline - Al Khudrawi

Starts from the last sale price (AED 2.65M, 17 January 2017). Switch to today's estimate once you have unlocked it.
Price
AED 2,650,000
Deposit, UAE resident (20%)
AED 530,000
Deposit, non-resident (40%)
AED 1,060,000
Monthly over 25 years at 3.7%
AED 10,842

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