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2-bed · 1,551 sqftShoreline - Dabas, Palm Jumeirah · completed 2007

1008, Shoreline - Dabas

Sold prices and rental history: sold twice, last in April 2014, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1008 · DLD and Ejari recordsUpdated 2 July 2020
Last soldAED 4.5M14 April 2014
Current rentAED 80K /yr2 July 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1008, Shoreline - Dabas

What is 1008 worth today?

Last sold for AED 4,500,000 in 2014

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2 Jul 2020RentedRenewal
AED 80,000/yr12 months · AED 51 per sqft
1 Jul 2017RentedNew contract
AED 50,000/yr36 months · AED 32 per sqft
14 Apr 2014SoldReady
AED 4,500,000AED 2,901 per sqft
7 Oct 2013RentedNew contract
AED 200,000/yr12 months · AED 126 per sqft
17 Aug 2009Sold by developerReady
AED 895,000AED 577 per sqft

Source: Dubai Land Department. Updated 2 July 2020.

Key facts

Type
2-bed apartment
Size
1,551 sqft
Parking
B1-9
Developer
Nakheel
Completed
2007
Service charge
AED 22,100 /yr
Last sold
AED 4.5M · April 2014
Building
Shoreline - Dabas

About 1008, Shoreline - Dabas

1008 is a two-bedroom apartment of 1,551 sqft of Shoreline - Dabas, a 9-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 14 April 2014 for AED 4,500,000, or AED 2,901 per sqft, 50% above the AED 1,934 two-beds in the building were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, renewed on 2 July 2020, is AED 80,000 a year: a gross yield of 1.8% on the 2014 price, before the service charge of about AED 22,100 a year.

Sales and rents for 1008 over time

Sales
Unit 1008, each saleTypical two-bed in Shoreline - Dabas
2.5M5M2009201420192024Typical sale price by year: 2009 AED 895,000; 2010 AED 2,850,000; 2011 AED 1,650,000; 2012 AED 2,762,500; 2013 AED 2,900,000; 2014 AED 3,600,000; 2015 AED 2,156,000; 2016 AED 2,150,000; 2017 AED 1,862,500; 2018 AED 3,000,000; 2019 AED 2,600,000; 2022 AED 3,025,000; 2023 AED 4,300,000; 2025 AED 4,575,000; 2026 AED 5,642,500Sold by developer, August 2009: AED 895,000 (AED 577 per sqft)Sold, April 2014: AED 4,500,000 (AED 2,901 per sqft)

1008 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1008, each contractTypical two-bed in Shoreline - Dabas
100K200K2012201620202024Typical rent by year: 2012 AED 170,000; 2013 AED 166,500; 2014 AED 170,000; 2015 AED 190,000; 2016 AED 190,000; 2017 AED 180,000; 2018 AED 174,867; 2019 AED 150,000; 2020 AED 130,000; 2021 AED 135,750; 2022 AED 138,250; 2023 AED 160,000; 2024 AED 183,750; 2025 AED 235,000; 2026 AED 187,000New contract, October 2013: AED 200,000 a yearNew contract, July 2017: AED 50,000 a yearRenewal, July 2020: AED 80,000 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 - Dabas, and where 1008 sits

All 54 2-beds →

1008 last sold in April 2014 at AED 2,901 per sqft, 50% above what two-beds in Shoreline - Dabas were fetching at the time (AED 1,934). Over the last 12 months two-beds sold for AED 4,200,000 to 7,150,000, around AED 3,566 per sqft, and rent for AED 50,000 to 380,000 a year. 1008's AED 80,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
10 Aug 20265,500,000
8 May 20264,200,000
9 Apr 20267,150,000
7 Jan 20265,785,000
4 2-bed sales in the last 12 months

Shoreline - Dabas

Building

107 apartments, 1-bed to 4-bed over 9 floors in Palm Jumeirah, completed in 2007 by Nakheel. 7 sold in the last 12 months.

Typical price per sqft
AED 2,790
Typical sale
AED 5.79M
Typical rent
AED 219K /yr
Typical yield
4.7%
Shoreline - Dabas, Palm Jumeirah: prices, sales and rents →

1008, Shoreline - Dabas in numbers

  • Sold twice: first on 17 August 2009 for AED 895,000, last on 14 April 2014 for AED 4,500,000 (AED 2,901 per sqft).
  • Rented since October 2013 on 3 Ejari contracts. The rent fell from AED 200,000 to AED 50,000 in 2017 and recovered to AED 80,000 by July 2020.
  • At AED 80,000 a year the gross yield on the 2014 price is 1.8%, before a service charge of about AED 22,100 a year (AED 14.26 per sqft).
  • Two-beds in Shoreline - Dabas sold for AED 4,200,000–7,150,000 in the 12 months to November 2026; the building's median across all types is AED 2,790 per sqft.

Source: Dubai Land Department. Updated 2 July 2020.

Questions about 1008, Shoreline - Dabas

What did unit 1008 last sell for?

AED 4,500,000 on 14 April 2014: AED 2,901 per sqft for 1,551 sqft. The unit has 2 registered sales; the first was AED 895,000 in August 2009.

What is the rent for unit 1008?

AED 80,000 a year on the contract renewed on 2 July 2020. The previous contract, from July 2017, was AED 50,000; the unit has been rented since October 2013.

How big is unit 1008?

1,551 sqft (144.1 sqm): a two-bedroom apartment of a 9-storey tower completed in 2007.

What is unit 1008 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Shoreline - Dabas sold for AED 4,200,000 to 7,150,000 in the last 12 months, around AED 3,566 per sqft.

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Mortgage on 1008, Shoreline - Dabas

Starts from the last sale price (AED 4.5M, 14 April 2014). Switch to today's estimate once you have unlocked it.
Price
AED 4,500,000
Deposit, UAE resident (20%)
AED 900,000
Deposit, non-resident (40%)
AED 1,800,000
Monthly over 25 years at 3.7%
AED 18,411

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