2-bed · 1,551 sqftShoreline - Al Khudrawi, Palm Jumeirah · 7th floor · completed 2007

708, Shoreline - Al Khudrawi

Sold prices and rental history: sold twice, last in February 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 708 · DLD and Ejari recordsUpdated 25 March 2023
Last soldAED 3.8M20 February 2023
Current rentAED 200K /yr25 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 708, Shoreline - Al Khudrawi

What is 708 worth today?

Last sold for AED 3,800,000 in 2023

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25 Mar 2023RentedNew contract
AED 200,000/yr12 months · AED 129 per sqft
20 Feb 2023SoldReady
AED 3,800,000AED 2,450 per sqft
1 Feb 2022RentedRenewal
AED 135,000/yr12 months · AED 87 per sqft
1 Feb 2021RentedRenewal
AED 125,000/yr12 months · AED 81 per sqft
1 Feb 2020RentedRenewal
AED 150,000/yr12 months · AED 97 per sqft
1 Feb 2019RentedRenewal
AED 160,000/yr12 months · AED 103 per sqft
1 Feb 2018RentedRenewal
AED 180,000/yr12 months · AED 116 per sqft
1 Feb 2017RentedNew contract
AED 180,000/yr12 months · AED 116 per sqft

Source: Dubai Land Department. Updated 25 March 2023.

Key facts

Type
2-bed apartment
Size
1,551 sqft
Floor
7th of 10
Parking
2B2-117
Developer
Nakheel
Completed
2007
Service charge
AED 18,200 /yr
Last sold
AED 3.8M · February 2023

About 708, Shoreline - Al Khudrawi

708 is a two-bedroom apartment of 1,551 sqft on the 7th floor of Shoreline - Al Khudrawi, a 10-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 20 February 2023 for AED 3,800,000, or AED 2,450 per sqft, 72% above the AED 1,421 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 12 Ejari contracts. The current contract, signed on 25 March 2023, is AED 200,000 a year: a gross yield of 5.3% on the 2023 price, before the service charge of about AED 18,200 a year.

Sales and rents for 708 over time

Sales
Unit 708, 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 by developer, March 2009: AED 3,400,000 (AED 2,192 per sqft)Sold, February 2023: AED 3,800,000 (AED 2,450 per sqft)

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

Rents
Unit 708, each contractTypical two-bed in Shoreline - Al Khudrawi
150K200K2012201620202024Typical 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, February 2013: AED 173,251 a yearNew contract, January 2014: AED 183,645 a yearNew contract, September 2014: AED 183,645 a yearNew contract, January 2015: AED 192,820 a yearRenewal, January 2016: AED 195,000 a yearNew contract, February 2017: AED 180,000 a yearRenewal, February 2018: AED 180,000 a yearRenewal, February 2019: AED 160,000 a yearRenewal, February 2020: AED 150,000 a yearRenewal, February 2021: AED 125,000 a yearRenewal, February 2022: AED 135,000 a yearNew contract, March 2023: AED 200,000 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 - Al Khudrawi, and where 708 sits

All 60 2-beds →

708 last sold in February 2023 at AED 2,450 per sqft, 72% above what two-beds in Shoreline - Al Khudrawi were fetching at the time (AED 1,421). 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. 708's AED 200,000 is in the upper 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 7th floor

All 119 units in Shoreline - Al Khudrawi
Value
7012-bedAED 853K · Mar 2009
7023-bedAED 2.85M · May 2022
7033-bedAED 3.18M · Feb 2017
7041-bedAED 1.72M · Feb 2013
7052-bedAED 2.88M · May 2017
7062-bedAED 2.65M · Aug 2020
7072-bedAED 6.1M · Apr 2025
1–7 of 11

708, Shoreline - Al Khudrawi in numbers

  • Sold twice: first on 4 March 2009 for AED 3,400,000, last on 20 February 2023 for AED 3,800,000 (AED 2,450 per sqft).
  • Rented since February 2013 on 12 Ejari contracts. The rent fell from AED 173,251 to AED 125,000 in 2021 and recovered to AED 200,000 by March 2023.
  • At AED 200,000 a year the gross yield on the 2023 price is 5.3%, 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 25 March 2023.

Questions about 708, Shoreline - Al Khudrawi

What did unit 708 last sell for?

AED 3,800,000 on 20 February 2023: AED 2,450 per sqft for 1,551 sqft. The unit has 2 registered sales; the first was AED 3,400,000 in March 2009.

What is the rent for unit 708?

AED 200,000 a year on the contract signed on 25 March 2023. The previous contract, from February 2022, was AED 135,000; the unit has been rented since February 2013.

How big is unit 708?

1,551 sqft (144.1 sqm): a two-bedroom apartment on the 7th floor of a 10-storey tower completed in 2007.

What is unit 708 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 708, Shoreline - Al Khudrawi

Starts from the last sale price (AED 3.8M, 20 February 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,800,000
Deposit, UAE resident (20%)
AED 760,000
Deposit, non-resident (40%)
AED 1,520,000
Monthly over 25 years at 3.7%
AED 15,547

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