408, Shoreline - Basri
Sold prices and rental history: sold once, by the developer in September 2016, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 408, Shoreline - Basri
What is 408 worth today?
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Source: Dubai Land Department. Updated 14 July 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,551 sqft
- Floor
- 4th of 11
- Parking
- B2-57
- Developer
- Nakheel
- Completed
- 2007
- Service charge
- AED 22,100 /yr
- Last sold
- AED 870K · September 2016
- Building
- Shoreline - Basri
About 408, Shoreline - Basri
408 is a two-bedroom apartment of 1,551 sqft on the 4th floor of Shoreline - Basri, a 11-storey tower in Palm Jumeirah completed in 2007 by Nakheel. The developer sold it on 5 September 2016 for AED 870,000, or AED 560 per sqft, 68% below the AED 1,764 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, renewed on 14 July 2024, is AED 189,000 a year: a gross yield of 21.7% on the 2016 price, before the service charge of about AED 22,100 a year.
Sales and rents for 408 over time
408 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 - Basri, and where 408 sits
All 66 2-beds →408 last sold in September 2016 at AED 560 per sqft, 68% below what two-beds in Shoreline - Basri were fetching at the time (AED 1,764). Over the last 12 months two-beds sold for AED 5,100,000 to 5,550,000, around AED 3,400 per sqft, and rent for AED 142,500 to 352,491 a year. 408's AED 189,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 May 202622 May 2026 | 1,551 sqft | 5,550,000 | 3,578 | ||
| 2 Mar 20262 March 2026 | 1,583 sqft | 5,100,000 | 3,222 | ||
| 26 Aug 202526 August 2025 | 1,551 sqft | 5,800,000 | 3,740 | ||
| 12 Aug 202512 August 2025 | 1,551 sqft | 6,500,000 | 4,191 |
Shoreline - Basri
Building131 apartments, 1-bed to 4-bed over 11 floors in Palm Jumeirah, completed in 2007 by Nakheel. 5 sold in the last 12 months.
- Typical price per sqft
- AED 2,337
- Typical sale
- AED 5.1M
- Typical rent
- AED 220K /yr
- Typical yield
- 5.0%
Other units on the 4th floor
All 131 units in Shoreline - Basri| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 2-bed | 1,586 sqft | AED 1.3MAED 1,300,000 · Jun 2014June 2014 | ||
| 402 | 3-bed | 2,213 sqft | AED 1.15MAED 1,150,000 · Feb 2011February 2011 | ||
| 403 | 3-bed | 2,159 sqft | AED 4.05MAED 4,052,000 · Jan 2024January 2024 | 235,000 /yr | |
| 404 | 1-bed | 1,145 sqft | AED 1.6MAED 1,600,000 · Aug 2013August 2013 | 140,000 /yr | |
| 405 | 2-bed | 1,551 sqft | AED 1.9MAED 1,900,000 · Sep 2020September 2020 | ||
| 406 | 2-bed | 1,997 sqft | AED 5.9MAED 5,900,000 · Jul 2024July 2024 | 275,000 /yr | |
| 407 | 2-bed | 1,997 sqft | AED 6.3MAED 6,300,000 · Jul 2025July 2025 | 240,000 /yr | |
| 409 | 1-bed | 1,145 sqft | AED 2.4MAED 2,400,000 · May 2022May 2022 | 125,000 /yr | |
| 410 | 3-bed | 2,159 sqft | AED 2.9MAED 2,900,000 · Oct 2022October 2022 | 250,000 /yr | |
| 411 | 3-bed | 2,213 sqft | AED 4.3MAED 4,300,000 · Apr 2024April 2024 | 168,000 /yr | |
| 412 | 2-bed | 1,586 sqft | AED 2.2MAED 2,200,000 · Jul 2022July 2022 | 215,000 /yr |
408, Shoreline - Basri in numbers
- Sold once: by Nakheel on 5 September 2016 for AED 870,000, or AED 560 per sqft.
- Rented since April 2013 on 4 Ejari contracts, from AED 132,000 to AED 189,000 a year.
- At AED 189,000 a year the gross yield on the 2016 price is 21.7%, before a service charge of about AED 22,100 a year (AED 14.26 per sqft).
- Two-beds in Shoreline - Basri sold for AED 5,100,000–5,550,000 in the 12 months to November 2026; the building's median across all types is AED 2,337 per sqft.
Source: Dubai Land Department. Updated 14 July 2024.
Questions about 408, Shoreline - Basri
What did unit 408 last sell for?
AED 870,000 on 5 September 2016, sold by the developer: AED 560 per sqft for 1,551 sqft. It is the only registered sale of the unit.
What is the rent for unit 408?
AED 189,000 a year on the contract renewed on 14 July 2024. The previous contract, from July 2023, was AED 180,000; the unit has been rented since April 2013.
How big is unit 408?
1,551 sqft (144.1 sqm): a two-bedroom apartment on the 4th floor of a 11-storey tower completed in 2007.
What is unit 408 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Shoreline - Basri sold for AED 5,100,000 to 5,550,000 in the last 12 months, around AED 3,400 per sqft.
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Mortgage on 408, Shoreline - Basri
Starts from the last sale price (AED 870K, 5 September 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 870,000
- Deposit, UAE resident (20%)
- AED 174,000
- Deposit, non-resident (40%)
- AED 348,000
- Monthly over 25 years at 3.7%
- AED 3,559
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →