2-bed · 1,583 sqftShoreline - Basri, Palm Jumeirah · 6th floor · completed 2007

601, Shoreline - Basri

Sold prices and rental history: sold twice, 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 601 · DLD and Ejari recordsUpdated 7 March 2023
Last soldAED 2.15M7 March 2023
Current rentAED 120K /yr10 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 601, Shoreline - Basri

What is 601 worth today?

Last sold for AED 2,148,949 in 2023

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7 Mar 2023SoldReady
AED 2,148,949AED 1,357 per sqft
10 Jan 2023RentedRenewal
AED 119,978/yr11 months · AED 76 per sqft
10 Jan 2022RentedRenewal
AED 109,250/yr12 months · AED 69 per sqft
10 Jan 2021RentedRenewal
AED 95,000/yr12 months · AED 60 per sqft
10 Jan 2020RentedRenewal
AED 112,000/yr12 months · AED 71 per sqft
10 Jan 2019RentedNew contract
AED 112,000/yr12 months · AED 71 per sqft
4 Dec 2017RentedRenewal
AED 155,000/yr12 months · AED 98 per sqft
4 Dec 2016RentedRenewal
AED 155,000/yr12 months · AED 98 per sqft

Source: Dubai Land Department. Updated 7 March 2023.

Key facts

Type
2-bed apartment
Size
1,583 sqft
Floor
6th of 11
Parking
1B2-96
Developer
Nakheel
Completed
2007
Service charge
AED 22,600 /yr
Last sold
AED 2.15M · March 2023

About 601, Shoreline - Basri

601 is a two-bedroom apartment of 1,583 sqft on the 6th floor of Shoreline - Basri, a 11-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 7 March 2023 for AED 2,148,949, or AED 1,357 per sqft, 5% below the AED 1,421 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, renewed on 10 January 2023, is AED 119,978 a year: a gross yield of 5.6% on the 2023 price, before the service charge of about AED 22,600 a year.

Sales and rents for 601 over time

Sales
Unit 601, each saleTypical two-bed in Shoreline - Basri
02.5M5M2009201420192024Typical sale price by year: 2009 AED 1,050,000; 2010 AED 1,375,000; 2011 AED 2,100,000; 2012 AED 1,700,000; 2013 AED 3,550,000; 2014 AED 1,900,000; 2015 AED 2,790,000; 2016 AED 3,000,000; 2018 AED 2,400,000; 2020 AED 1,612,500; 2022 AED 2,758,600; 2023 AED 3,975,000; 2024 AED 4,500,000; 2025 AED 6,400,000Sold by developer, November 2009: AED 825,000 (AED 521 per sqft)Sold, March 2023: AED 2,148,949 (AED 1,357 per sqft)

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

Rents
Unit 601, each contractTypical two-bed in Shoreline - Basri
100K150K200K20112015201920232027Typical rent by year: 2011 AED 140,000; 2012 AED 170,000; 2013 AED 165,000; 2014 AED 178,718; 2015 AED 178,500; 2016 AED 180,000; 2017 AED 172,500; 2018 AED 145,000; 2019 AED 140,000; 2020 AED 132,500; 2021 AED 125,000; 2022 AED 145,818; 2023 AED 170,000; 2024 AED 200,000; 2025 AED 187,000; 2026 AED 190,785New contract, December 2013: AED 165,000 a yearNew contract, December 2014: AED 173,250 a yearNew contract, December 2015: AED 155,000 a yearRenewal, December 2016: AED 155,000 a yearRenewal, December 2017: AED 155,000 a yearNew contract, January 2019: AED 112,000 a yearRenewal, January 2020: AED 112,000 a yearRenewal, January 2021: AED 95,000 a yearRenewal, January 2022: AED 109,250 a yearRenewal, January 2023: AED 119,978 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 - Basri, and where 601 sits

All 66 2-beds →

601 last sold in March 2023 at AED 1,357 per sqft, 5% below what two-beds in Shoreline - Basri were fetching at the time (AED 1,421). 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. 601's AED 119,978 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
22 May 20265,550,000
2 Mar 20265,100,000
26 Aug 20255,800,000
12 Aug 20256,500,000
2 2-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 6th floor

All 131 units in Shoreline - Basri
Value
6023-bedAED 2.85M · Oct 2021
6033-bedAED 4.58M · Nov 2023
6041-bedAED 685K · Apr 2009
6052-bedAED 4.7M · Feb 2024
6062-bedAED 3.58M · Oct 2013
6072-bedAED 4M · Apr 2009
6082-bedAED 2.4M · Dec 2017
1–7 of 11

601, Shoreline - Basri in numbers

  • Sold twice: first on 8 November 2009 for AED 825,000, last on 7 March 2023 for AED 2,148,949 (AED 1,357 per sqft).
  • Rented since December 2013 on 10 Ejari contracts. The rent fell from AED 165,000 to AED 95,000 in 2021 and recovered to AED 119,978 by January 2023.
  • At AED 119,978 a year the gross yield on the 2023 price is 5.6%, before a service charge of about AED 22,600 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 7 March 2023.

Questions about 601, Shoreline - Basri

What did unit 601 last sell for?

AED 2,148,949 on 7 March 2023: AED 1,357 per sqft for 1,583 sqft. The unit has 2 registered sales; the first was AED 825,000 in November 2009.

What is the rent for unit 601?

AED 119,978 a year on the contract renewed on 10 January 2023. The previous contract, from January 2022, was AED 109,250; the unit has been rented since December 2013.

How big is unit 601?

1,583 sqft (147.1 sqm): a two-bedroom apartment on the 6th floor of a 11-storey tower completed in 2007.

What is unit 601 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 601, Shoreline - Basri

Starts from the last sale price (AED 2.15M, 7 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,148,949
Deposit, UAE resident (20%)
AED 429,790
Deposit, non-resident (40%)
AED 859,580
Monthly over 25 years at 3.7%
AED 8,792

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