1-bed · 1,145 sqftShoreline - Basri, Palm Jumeirah · 5th floor · completed 2007

509, Shoreline - Basri

Sold prices and rental history: sold 4 times, last in March 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 509 · DLD and Ejari recordsUpdated 2 March 2023
Last soldAED 2.25M2 March 2023
Current rentAED 135K /yr27 June 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 509, Shoreline - Basri

What is 509 worth today?

Last sold for AED 2,250,000 in 2023

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2 Mar 2023SoldReady
AED 2,250,000AED 1,965 per sqft
27 Jun 2022RentedNew contract
AED 135,000/yr12 months · AED 118 per sqft
29 Mar 2022SoldReady
AED 1,775,000AED 1,550 per sqft
2 Dec 2019RentedRenewal
AED 90,000/yr12 months · AED 79 per sqft
2 Dec 2018RentedNew contract
AED 105,000/yr12 months · AED 92 per sqft
2 Sep 2017RentedNew contract
AED 114,000/yr12 months · AED 100 per sqft
10 May 2016RentedNew contract
AED 123,000/yr12 months · AED 108 per sqft
2 Mar 2015RentedNew contract
AED 125,000/yr12 months · AED 110 per sqft

Source: Dubai Land Department. Updated 2 March 2023.

Key facts

Type
1-bed apartment
Size
1,145 sqft
Floor
5th of 11
Parking
1B2-102
Developer
Nakheel
Completed
2007
Service charge
AED 16,300 /yr
Last sold
AED 2.25M · March 2023

About 509, Shoreline - Basri

509 is a one-bedroom apartment of 1,145 sqft on the 5th floor of Shoreline - Basri, a 11-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 2 March 2023 for AED 2,250,000, or AED 1,965 per sqft, 8% above the AED 1,812 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, signed on 27 June 2022, is AED 135,000 a year: a gross yield of 6.0% on the 2023 price, before the service charge of about AED 16,300 a year.

Sales and rents for 509 over time

Sales
Unit 509, each saleTypical one-bed in Shoreline - Basri
1M2M2009201320172021Typical sale price by year: 2009 AED 685,000; 2010 AED 1,750,000; 2011 AED 1,410,000; 2012 AED 1,800,000; 2013 AED 1,862,500; 2017 AED 1,887,500; 2022 AED 1,837,500; 2023 AED 2,250,000Sold by developer, April 2009: AED 660,000 (AED 576 per sqft)Sold, March 2011: AED 1,750,000 (AED 1,528 per sqft)Sold, March 2022: AED 1,775,000 (AED 1,550 per sqft)Sold, March 2023: AED 2,250,000 (AED 1,965 per sqft)

509 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 509, each contractTypical one-bed in Shoreline - Basri
100K150K2012201620202024Typical rent by year: 2012 AED 125,000; 2013 AED 123,580; 2014 AED 125,000; 2015 AED 125,000; 2016 AED 125,000; 2017 AED 122,500; 2018 AED 119,000; 2019 AED 97,500; 2020 AED 90,000; 2021 AED 99,750; 2022 AED 105,000; 2023 AED 145,000; 2024 AED 145,000; 2025 AED 140,000; 2026 AED 146,000New contract, November 2013: AED 150,000 a yearNew contract, March 2015: AED 125,000 a yearNew contract, May 2016: AED 123,000 a yearNew contract, September 2017: AED 114,000 a yearNew contract, December 2018: AED 105,000 a yearRenewal, December 2019: AED 90,000 a yearNew contract, June 2022: AED 135,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Shoreline - Basri, and where 509 sits

All 26 1-beds →

509 last sold in March 2023 at AED 1,965 per sqft, 8% above what one-beds in Shoreline - Basri were fetching at the time (AED 1,812). 509's AED 135,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
14 Aug 20253,500,000
11 Aug 20253,700,000
17 Oct 20242,618,500
29 Apr 20242,760,000
0 1-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
5023-bedAED 2.45M · Feb 2012
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
1–7 of 11

509, Shoreline - Basri in numbers

  • Sold 4 times: first on 23 April 2009 for AED 660,000, last on 2 March 2023 for AED 2,250,000 (AED 1,965 per sqft).
  • Rented since November 2013 on 7 Ejari contracts. The rent fell from AED 150,000 to AED 90,000 in 2019 and recovered to AED 135,000 by June 2022.
  • At AED 135,000 a year the gross yield on the 2023 price is 6.0%, before a service charge of about AED 16,300 a year (AED 14.26 per sqft).

Source: Dubai Land Department. Updated 2 March 2023.

Questions about 509, Shoreline - Basri

What did unit 509 last sell for?

AED 2,250,000 on 2 March 2023: AED 1,965 per sqft for 1,145 sqft. The unit has 4 registered sales; the first was AED 660,000 in April 2009.

What is the rent for unit 509?

AED 135,000 a year on the contract signed on 27 June 2022. The previous contract, from December 2019, was AED 90,000; the unit has been rented since November 2013.

How big is unit 509?

1,145 sqft (106.4 sqm): a one-bedroom apartment on the 5th floor of a 11-storey tower completed in 2007.

What is unit 509 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 509, Shoreline - Basri

Starts from the last sale price (AED 2.25M, 2 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,250,000
Deposit, UAE resident (20%)
AED 450,000
Deposit, non-resident (40%)
AED 900,000
Monthly over 25 years at 3.7%
AED 9,205

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