3-bed · 2,159 sqftShoreline - Basri, Palm Jumeirah · 6th floor · completed 2007

603, Shoreline - Basri

Sold prices and rental history: sold 3 times, last in November 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 603 · DLD and Ejari recordsUpdated 1 November 2023
Last soldAED 4.58M1 November 2023
Current rentAED 200K /yr12 July 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 603, Shoreline - Basri

What is 603 worth today?

Last sold for AED 4,575,000 in 2023

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1 Nov 2023SoldReady
AED 4,575,000AED 2,119 per sqft
12 Jul 2023RentedRenewal
AED 200,000/yr12 months · AED 92 per sqft
12 Jul 2022RentedNew contract
AED 200,000/yr12 months · AED 92 per sqft
1 Feb 2022RentedRenewal
AED 154,000/yr12 months · AED 71 per sqft
1 Feb 2021RentedRenewal
AED 140,000/yr12 months · AED 65 per sqft
1 Feb 2020RentedNew contract
AED 145,000/yr12 months · AED 67 per sqft
22 Jul 2018RentedRenewal
AED 190,000/yr12 months · AED 88 per sqft
22 Jul 2017RentedNew contract
AED 190,000/yr12 months · AED 88 per sqft

Source: Dubai Land Department. Updated 1 November 2023.

Key facts

Type
3-bed apartment
Size
2,159 sqft
Floor
6th of 11
Parking
1B2-97,1B2-98
Developer
Nakheel
Completed
2007
Service charge
AED 30,800 /yr
Last sold
AED 4.58M · November 2023

About 603, Shoreline - Basri

603 is a three-bedroom apartment of 2,159 sqft on the 6th floor of Shoreline - Basri, a 11-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 1 November 2023 for AED 4,575,000, or AED 2,119 per sqft, 39% above the AED 1,522 three-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 10 Ejari contracts. The current contract, renewed on 12 July 2023, is AED 200,000 a year: a gross yield of 4.4% on the 2023 price, before the service charge of about AED 30,800 a year.

Sales and rents for 603 over time

Sales
Unit 603, 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, June 2011: AED 1,275,000 (AED 590 per sqft)Sold, December 2014: AED 4,000,000 (AED 1,852 per sqft)Sold, November 2023: AED 4,575,000 (AED 2,119 per sqft)

603 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 603, 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 2014: AED 225,000 a yearNew contract, April 2015: AED 236,250 a yearRenewal, April 2016: AED 225,000 a yearNew contract, July 2017: AED 190,000 a yearRenewal, July 2018: AED 190,000 a yearNew contract, February 2020: AED 145,000 a yearRenewal, February 2021: AED 140,000 a yearRenewal, February 2022: AED 154,000 a yearNew contract, July 2022: AED 200,000 a yearRenewal, July 2023: AED 200,000 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 603 sits

All 47 3-beds →

603 last sold in November 2023 at AED 2,119 per sqft, 39% above what three-beds in Shoreline - Basri were fetching at the time (AED 1,522). 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. 603's AED 200,000 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 6th floor

All 131 units in Shoreline - Basri
Value
6012-bedAED 2.15M · Mar 2023
6023-bedAED 2.85M · Oct 2021
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

603, Shoreline - Basri in numbers

  • Sold 3 times: first on 22 June 2011 for AED 1,275,000, last on 1 November 2023 for AED 4,575,000 (AED 2,119 per sqft).
  • Rented since April 2014 on 10 Ejari contracts. The rent fell from AED 225,000 to AED 140,000 in 2021 and recovered to AED 200,000 by July 2023.
  • At AED 200,000 a year the gross yield on the 2023 price is 4.4%, before a service charge of about AED 30,800 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 November 2023.

Questions about 603, Shoreline - Basri

What did unit 603 last sell for?

AED 4,575,000 on 1 November 2023: AED 2,119 per sqft for 2,159 sqft. The unit has 3 registered sales; the first was AED 1,275,000 in June 2011.

What is the rent for unit 603?

AED 200,000 a year on the contract renewed on 12 July 2023. The previous contract, from July 2022, was AED 200,000; the unit has been rented since April 2014.

How big is unit 603?

2,159 sqft (200.6 sqm): a three-bedroom apartment on the 6th floor of a 11-storey tower completed in 2007.

What is unit 603 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 603, Shoreline - Basri

Starts from the last sale price (AED 4.58M, 1 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 4,575,000
Deposit, UAE resident (20%)
AED 915,000
Deposit, non-resident (40%)
AED 1,830,000
Monthly over 25 years at 3.7%
AED 18,718

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