2-bed · 1,583 sqftShoreline - Al Khudrawi, Palm Jumeirah · 5th floor · completed 2007

512, Shoreline - Al Khudrawi

Sold prices and rental history: sold 3 times, last in July 2021, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 512 · DLD and Ejari recordsUpdated 15 July 2021
Last soldAED 1.5M15 July 2021
Current rentAED 95K /yr1 February 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 512, Shoreline - Al Khudrawi

What is 512 worth today?

Last sold for AED 1,500,000 in 2021

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15 Jul 2021SoldReady
AED 1,500,000AED 947 per sqft
1 Feb 2021RentedRenewal
AED 95,001/yr7 months · AED 60 per sqft
1 Feb 2020RentedNew contract
AED 95,000/yr12 months · AED 60 per sqft
25 Aug 2019RentedRenewal
AED 110,000/yr12 months · AED 70 per sqft
25 Aug 2018RentedRenewal
AED 134,500/yr12 months · AED 85 per sqft
25 Aug 2017RentedRenewal
AED 144,500/yr12 months · AED 91 per sqft
25 Aug 2016RentedNew contract
AED 144,500/yr12 months · AED 91 per sqft
28 Mar 2011SoldReady
AED 1,550,000AED 979 per sqft

Source: Dubai Land Department. Updated 15 July 2021.

Key facts

Type
2-bed apartment
Size
1,583 sqft
Floor
5th of 10
Parking
2B2-83
Developer
Nakheel
Completed
2007
Service charge
AED 18,600 /yr
Last sold
AED 1.5M · July 2021

About 512, Shoreline - Al Khudrawi

512 is a two-bedroom apartment of 1,583 sqft on the 5th floor of Shoreline - Al Khudrawi, a 10-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 15 July 2021 for AED 1,500,000, or AED 947 per sqft, 21% below the AED 1,194 two-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, renewed on 1 February 2021, is AED 95,001 a year: a gross yield of 6.3% on the 2021 price, before the service charge of about AED 18,600 a year.

Sales and rents for 512 over time

Sales
Unit 512, each saleTypical two-bed in Shoreline - Al Khudrawi
2.5M5M2009201420192024Typical 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, March 2011: AED 1,550,000 (AED 979 per sqft)Sold by developer, March 2011: AED 893,731 (AED 564 per sqft)Sold, July 2021: AED 1,500,000 (AED 947 per sqft)

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

Rents
Unit 512, each contractTypical two-bed in Shoreline - Al Khudrawi
100K150K2012201620202024Typical 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, August 2016: AED 144,500 a yearRenewal, August 2017: AED 144,500 a yearRenewal, August 2018: AED 134,500 a yearRenewal, August 2019: AED 110,000 a yearNew contract, February 2020: AED 95,000 a yearRenewal, February 2021: AED 95,001 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 512 sits

All 60 2-beds →

512 last sold in July 2021 at AED 947 per sqft, 21% below what two-beds in Shoreline - Al Khudrawi were fetching at the time (AED 1,194). 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. 512's AED 95,001 is at the bottom 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 5th floor

All 119 units in Shoreline - Al Khudrawi
Value
5012-bedAED 1.98M · Dec 2021
5023-bedAED 1.23M · Mar 2009
5033-bedAED 2.98M · Jul 2012
5041-bedAED 643K · Mar 2009
5052-bedAED 858K · Apr 2009
5062-bedAED 5.5M · Feb 2025
5072-bedAED 3.45M · May 2016
1–7 of 11

512, Shoreline - Al Khudrawi in numbers

  • Sold 3 times: first on 3 March 2011 for AED 893,731, last on 15 July 2021 for AED 1,500,000 (AED 947 per sqft).
  • Rented since August 2016 on 6 Ejari contracts, from AED 144,500 to AED 95,001 a year.
  • At AED 95,001 a year the gross yield on the 2021 price is 6.3%, before a service charge of about AED 18,600 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 15 July 2021.

Questions about 512, Shoreline - Al Khudrawi

What did unit 512 last sell for?

AED 1,500,000 on 15 July 2021: AED 947 per sqft for 1,583 sqft. The unit has 3 registered sales; the first was AED 893,731 in March 2011.

What is the rent for unit 512?

AED 95,001 a year on the contract renewed on 1 February 2021. The previous contract, from February 2020, was AED 95,000; the unit has been rented since August 2016.

How big is unit 512?

1,583 sqft (147.1 sqm): a two-bedroom apartment on the 5th floor of a 10-storey tower completed in 2007.

What is unit 512 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 512, Shoreline - Al Khudrawi

Starts from the last sale price (AED 1.5M, 15 July 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,500,000
Deposit, UAE resident (20%)
AED 300,000
Deposit, non-resident (40%)
AED 600,000
Monthly over 25 years at 3.7%
AED 6,137

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