3-bed · 2,213 sqftShoreline - Basri, Palm Jumeirah · 5th floor · completed 2007

502, Shoreline - Basri

Sold prices and rental history: sold twice, last in February 2012, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502 · DLD and Ejari recordsUpdated 1 July 2020
Last soldAED 2.45M19 February 2012
Current rentAED 180K /yr1 July 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 502, Shoreline - Basri

What is 502 worth today?

Last sold for AED 2,450,000 in 2012

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1 Jul 2020RentedRenewal
AED 180,000/yr12 months · AED 81 per sqft
1 Jul 2018RentedNew contract
AED 180,000/yr12 months · AED 81 per sqft
4 Apr 2016RentedNew contract
AED 215,000/yr12 months · AED 97 per sqft
19 Feb 2012SoldReady
AED 2,450,000AED 1,107 per sqft
28 Apr 2009Sold by developerReady
AED 1,150,000AED 519 per sqft

Source: Dubai Land Department. Updated 1 July 2020.

Key facts

Type
3-bed apartment
Size
2,213 sqft
Floor
5th of 11
Parking
B2-48,B2-49
Developer
Nakheel
Completed
2007
Service charge
AED 31,600 /yr
Last sold
AED 2.45M · February 2012

About 502, Shoreline - Basri

502 is a three-bedroom apartment of 2,213 sqft on the 5th floor of Shoreline - Basri, a 11-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 19 February 2012 for AED 2,450,000, or AED 1,107 per sqft, 34% above the AED 825 three-beds in the building were fetching at the time.

It has been rented since 2016 on 3 Ejari contracts. The current contract, renewed on 1 July 2020, is AED 180,000 a year: a gross yield of 7.3% on the 2012 price, before the service charge of about AED 31,600 a year.

Sales and rents for 502 over time

Sales
Unit 502, each saleTypical three-bed in Shoreline - Basri
2M4M20092013201720212025Typical sale price by year: 2009 AED 1,250,000; 2010 AED 2,100,000; 2011 AED 1,275,000; 2012 AED 2,450,000; 2013 AED 2,802,500; 2014 AED 3,850,000; 2017 AED 2,850,000; 2020 AED 2,020,000; 2021 AED 2,900,000; 2022 AED 2,900,000; 2024 AED 4,052,000Sold by developer, April 2009: AED 1,150,000 (AED 519 per sqft)Sold, February 2012: AED 2,450,000 (AED 1,107 per sqft)

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

Rents
Unit 502, each contractTypical three-bed in Shoreline - Basri
150K200K250K2012201620202024Typical rent by year: 2012 AED 183,500; 2013 AED 185,000; 2014 AED 200,000; 2015 AED 200,000; 2016 AED 190,000; 2017 AED 183,000; 2018 AED 180,000; 2019 AED 140,000; 2020 AED 130,000; 2021 AED 132,000; 2022 AED 159,500; 2023 AED 200,013; 2024 AED 240,000; 2025 AED 240,000; 2026 AED 237,500New contract, April 2016: AED 215,000 a yearNew contract, July 2018: AED 180,000 a yearRenewal, July 2020: AED 180,000 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 - Basri, and where 502 sits

All 47 3-beds →

502 last sold in February 2012 at AED 1,107 per sqft, 34% above what three-beds in Shoreline - Basri were fetching at the time (AED 825). Over the last 12 months three-beds sold for AED 1,150,000 to 5,100,000, around AED 2,204 per sqft, and rent for AED 215,000 to 273,000 a year. 502's AED 180,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
10 Sep 20264,808,979
14 Mar 20265,100,000
27 Dec 20251,150,000
24 Apr 20243,500,000
3 3-bed sales in the last 12 months

Shoreline - Basri

Building

131 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%
Shoreline - Basri, Palm Jumeirah: prices, sales and rents →

Other units on the 5th floor

All 131 units in Shoreline - Basri
Value
5012-bedAED 3.15M · Sep 2024
5033-bedAED 1.25M · Apr 2009
5041-bedAED 3.5M · Aug 2025
5052-bedAED 2.9M · May 2016
5062-bedAED 3.6M · Jan 2022
5072-bedAED 5.8M · Nov 2024
5082-bedAED 1.8M · Mar 2020
1–7 of 11

502, Shoreline - Basri in numbers

  • Sold twice: first on 28 April 2009 for AED 1,150,000, last on 19 February 2012 for AED 2,450,000 (AED 1,107 per sqft).
  • Rented since April 2016 on 3 Ejari contracts, from AED 215,000 to AED 180,000 a year.
  • At AED 180,000 a year the gross yield on the 2012 price is 7.3%, before a service charge of about AED 31,600 a year (AED 14.26 per sqft).
  • Three-beds in Shoreline - Basri sold for AED 1,150,000–5,100,000 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 1 July 2020.

Questions about 502, Shoreline - Basri

What did unit 502 last sell for?

AED 2,450,000 on 19 February 2012: AED 1,107 per sqft for 2,213 sqft. The unit has 2 registered sales; the first was AED 1,150,000 in April 2009.

What is the rent for unit 502?

AED 180,000 a year on the contract renewed on 1 July 2020. The previous contract, from July 2018, was AED 180,000; the unit has been rented since April 2016.

How big is unit 502?

2,213 sqft (205.6 sqm): a three-bedroom apartment on the 5th floor of a 11-storey tower completed in 2007.

What is unit 502 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Shoreline - Basri sold for AED 1,150,000 to 5,100,000 in the last 12 months, around AED 2,204 per sqft.

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Mortgage on 502, Shoreline - Basri

Starts from the last sale price (AED 2.45M, 19 February 2012). Switch to today's estimate once you have unlocked it.
Price
AED 2,450,000
Deposit, UAE resident (20%)
AED 490,000
Deposit, non-resident (40%)
AED 980,000
Monthly over 25 years at 3.7%
AED 10,024

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