1-bed · 1,145 sqftShoreline - Basri, Palm Jumeirah · 7th floor · completed 2007

709, Shoreline - Basri

Sold prices and rental history: sold twice, last in October 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 709 · DLD and Ejari recordsUpdated 17 October 2024
Last soldAED 2.62M17 October 2024
Current rentAED 100K /yr18 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 709, Shoreline - Basri

What is 709 worth today?

Last sold for AED 2,618,500 in 2024

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17 Oct 2024SoldReady
AED 2,618,500AED 2,287 per sqft
18 Nov 2022RentedRenewal
AED 100,000/yr12 months · AED 87 per sqft
18 Nov 2021RentedNew contract
AED 100,000/yr12 months · AED 87 per sqft
6 Jan 2020RentedNew contract
AED 80,750/yr12 months · AED 71 per sqft
6 Jan 2019RentedNew contract
AED 85,000/yr12 months · AED 74 per sqft
18 Dec 2015RentedNew contract
AED 115,052/yr13 months · AED 101 per sqft
20 May 2015RentedNew contract
AED 67,188/yr6 months · AED 59 per sqft
20 Sep 2014RentedRenewal
AED 100,782/yr8 months · AED 88 per sqft

Source: Dubai Land Department. Updated 17 October 2024.

Key facts

Type
1-bed apartment
Size
1,145 sqft
Floor
7th of 11
Parking
1B2-126
Developer
Nakheel
Completed
2007
Service charge
AED 16,300 /yr
Last sold
AED 2.62M · October 2024

About 709, Shoreline - Basri

709 is a one-bedroom apartment of 1,145 sqft on the 7th floor of Shoreline - Basri, a 11-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 17 October 2024 for AED 2,618,500, or AED 2,287 per sqft.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, renewed on 18 November 2022, is AED 100,000 a year: a gross yield of 3.8% on the 2024 price, before the service charge of about AED 16,300 a year.

Sales and rents for 709 over time

Sales
Unit 709, each saleTypical one-bed in Shoreline - Basri
1M2M2009201420192024Typical 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, October 2011: AED 1,410,000 (AED 1,231 per sqft)Sold, October 2024: AED 2,618,500 (AED 2,287 per sqft)

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

Rents
Unit 709, each contractTypical one-bed in Shoreline - Basri
50K100K150K2012201620202024Typical 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, March 2013: AED 61,080 a yearNew contract, September 2013: AED 122,160 a yearNew contract, March 2014: AED 133,634 a yearRenewal, September 2014: AED 100,782 a yearNew contract, May 2015: AED 67,188 a yearNew contract, December 2015: AED 115,052 a yearNew contract, January 2019: AED 85,000 a yearNew contract, January 2020: AED 80,750 a yearNew contract, November 2021: AED 100,000 a yearRenewal, November 2022: AED 100,000 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 709 sits

All 26 1-beds →

709's AED 100,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
14 Aug 20253,500,000
11 Aug 20253,700,000
29 Apr 20242,760,000
27 Sep 20232,500,000
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 7th floor

All 131 units in Shoreline - Basri
Value
7012-bedAED 2.25M · Dec 2022
7023-bedAED 1.18M · Apr 2009
7033-bedAED 3.3M · Nov 2017
7041-bedAED 685K · Apr 2009
7052-bedAED 3.38M · Feb 2015
7062-bedAED 3.95M · Mar 2023
7072-bedAED 2.8M · Jul 2019
1–7 of 11

709, Shoreline - Basri in numbers

  • Sold twice: first on 30 October 2011 for AED 1,410,000, last on 17 October 2024 for AED 2,618,500 (AED 2,287 per sqft).
  • Rented since March 2013 on 10 Ejari contracts, from AED 61,080 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2024 price is 3.8%, before a service charge of about AED 16,300 a year (AED 14.26 per sqft).

Source: Dubai Land Department. Updated 17 October 2024.

Questions about 709, Shoreline - Basri

What did unit 709 last sell for?

AED 2,618,500 on 17 October 2024: AED 2,287 per sqft for 1,145 sqft. The unit has 2 registered sales; the first was AED 1,410,000 in October 2011.

What is the rent for unit 709?

AED 100,000 a year on the contract renewed on 18 November 2022. The previous contract, from November 2021, was AED 100,000; the unit has been rented since March 2013.

How big is unit 709?

1,145 sqft (106.4 sqm): a one-bedroom apartment on the 7th floor of a 11-storey tower completed in 2007.

What is unit 709 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 709, Shoreline - Basri

Starts from the last sale price (AED 2.62M, 17 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,618,500
Deposit, UAE resident (20%)
AED 523,700
Deposit, non-resident (40%)
AED 1,047,400
Monthly over 25 years at 3.7%
AED 10,713

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