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

612, Shoreline - Basri

Sold prices and rental history: sold 5 times, last in December 2022, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 612 · DLD and Ejari recordsUpdated 16 December 2022
Last soldAED 2.1M16 December 2022
Current rentAED 105K /yr18 October 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 612, Shoreline - Basri

What is 612 worth today?

Last sold for AED 2,100,000 in 2022

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16 Dec 2022SoldReady
AED 2,100,000AED 1,326 per sqft
18 Oct 2020RentedRenewal
AED 105,000/yr12 months · AED 66 per sqft
18 Oct 2019RentedNew contract
AED 110,000/yr12 months · AED 70 per sqft
1 Oct 2018RentedNew contract
AED 118,000/yr12 months · AED 75 per sqft
15 Jan 2018SoldReady
AED 2,400,000AED 1,516 per sqft
19 Nov 2014SoldReady
AED 2,600,000AED 1,642 per sqft
2 Jul 2009SoldReady
AED 1,500,000AED 947 per sqft
28 Apr 2009Sold by developerReady
AED 825,000AED 521 per sqft

Source: Dubai Land Department. Updated 16 December 2022.

Key facts

Type
2-bed apartment
Size
1,583 sqft
Floor
6th of 11
Parking
1B2-85
Developer
Nakheel
Completed
2007
Service charge
AED 22,600 /yr
Last sold
AED 2.1M · December 2022

About 612, Shoreline - Basri

612 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 16 December 2022 for AED 2,100,000, or AED 1,326 per sqft, 17% below the AED 1,605 two-beds in the building were fetching at the time.

It has been rented since 2018 on 3 Ejari contracts. The current contract, renewed on 18 October 2020, is AED 105,000 a year: a gross yield of 5.0% on the 2022 price, before the service charge of about AED 22,600 a year.

Sales and rents for 612 over time

Sales
Unit 612, 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, April 2009: AED 825,000 (AED 521 per sqft)Sold, July 2009: AED 1,500,000 (AED 947 per sqft)Sold, November 2014: AED 2,600,000 (AED 1,642 per sqft)Sold, January 2018: AED 2,400,000 (AED 1,516 per sqft)Sold, December 2022: AED 2,100,000 (AED 1,326 per sqft)

612 has sold 5 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 612, 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, October 2018: AED 118,000 a yearNew contract, October 2019: AED 110,000 a yearRenewal, October 2020: AED 105,000 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 612 sits

All 66 2-beds →

612 last sold in December 2022 at AED 1,326 per sqft, 17% below what two-beds in Shoreline - Basri were fetching at the time (AED 1,605). 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. 612's AED 105,000 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
6012-bedAED 2.15M · Mar 2023
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
1–7 of 11

612, Shoreline - Basri in numbers

  • Sold 5 times: first on 28 April 2009 for AED 825,000, last on 16 December 2022 for AED 2,100,000 (AED 1,326 per sqft).
  • Rented since October 2018 on 3 Ejari contracts, from AED 118,000 to AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2022 price is 5.0%, 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 16 December 2022.

Questions about 612, Shoreline - Basri

What did unit 612 last sell for?

AED 2,100,000 on 16 December 2022: AED 1,326 per sqft for 1,583 sqft. The unit has 5 registered sales; the first was AED 825,000 in April 2009.

What is the rent for unit 612?

AED 105,000 a year on the contract renewed on 18 October 2020. The previous contract, from October 2019, was AED 110,000; the unit has been rented since October 2018.

How big is unit 612?

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 612 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 612, Shoreline - Basri

Starts from the last sale price (AED 2.1M, 16 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,100,000
Deposit, UAE resident (20%)
AED 420,000
Deposit, non-resident (40%)
AED 840,000
Monthly over 25 years at 3.7%
AED 8,592

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