2-bed · 1,975 sqftShoreline - Dabas, Palm Jumeirah · 5th floor · completed 2007

506, Shoreline - Dabas

Sold prices and rental history: sold twice, last in May 2019, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 506 · DLD and Ejari recordsUpdated 29 May 2019
Last soldAED 2.6M29 May 2019
Current rentAED 180K /yr15 January 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 506, Shoreline - Dabas

What is 506 worth today?

Last sold for AED 2,600,000 in 2019

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29 May 2019SoldReady
AED 2,600,000AED 1,316 per sqft
15 Jan 2019RentedRenewal
AED 180,000/yr12 months · AED 91 per sqft
15 Jan 2018RentedNew contract
AED 195,000/yr12 months · AED 99 per sqft
15 Jan 2017RentedRenewal
AED 206,150/yr12 months · AED 105 per sqft
15 Jan 2016RentedRenewal
AED 217,000/yr12 months · AED 110 per sqft
15 Jan 2015RentedNew contract
AED 217,000/yr12 months · AED 110 per sqft
11 Dec 2012RentedNew contract
AED 225,000/yr12 months · AED 114 per sqft
20 Apr 2009Sold by developerReady
AED 1,050,000AED 531 per sqft

Source: Dubai Land Department. Updated 29 May 2019.

Key facts

Type
2-bed apartment
Size
1,975 sqft
Floor
5th of 9
Parking
B2-78
Developer
Nakheel
Completed
2007
Service charge
AED 28,200 /yr
Last sold
AED 2.6M · May 2019

About 506, Shoreline - Dabas

506 is a two-bedroom apartment of 1,975 sqft on the 5th floor of Shoreline - Dabas, a 9-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 29 May 2019 for AED 2,600,000, or AED 1,316 per sqft, 13% below the AED 1,504 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 6 Ejari contracts. The current contract, renewed on 15 January 2019, is AED 180,000 a year: a gross yield of 6.9% on the 2019 price, before the service charge of about AED 28,200 a year.

Sales and rents for 506 over time

Sales
Unit 506, 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, April 2009: AED 1,050,000 (AED 531 per sqft)Sold, May 2019: AED 2,600,000 (AED 1,316 per sqft)

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

Rents
Unit 506, each contractTypical two-bed in Shoreline - Dabas
150K200K250K2012201620202024Typical 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, December 2012: AED 225,000 a yearNew contract, January 2015: AED 217,000 a yearRenewal, January 2016: AED 217,000 a yearRenewal, January 2017: AED 206,150 a yearNew contract, January 2018: AED 195,000 a yearRenewal, January 2019: AED 180,000 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 506 sits

All 54 2-beds →

506 last sold in May 2019 at AED 1,316 per sqft, 13% below what two-beds in Shoreline - Dabas were fetching at the time (AED 1,504). 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. 506's AED 180,000 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 →

Other units on the 5th floor

All 107 units in Shoreline - Dabas
Value
5012-bedAED 2.38M · Oct 2015
5023-bedAED 2.4M · Mar 2010
5033-bedAED 3.5M · Mar 2009
5041-bedAED 1.4M · Dec 2020
5052-bedAED 5.9M · Sep 2025
5072-bedAED 2.6M · Apr 2019
5082-bedAED 3.2M · Jun 2022
1–7 of 11

506, Shoreline - Dabas in numbers

  • Sold twice: first on 20 April 2009 for AED 1,050,000, last on 29 May 2019 for AED 2,600,000 (AED 1,316 per sqft).
  • Rented since December 2012 on 6 Ejari contracts, from AED 225,000 to AED 180,000 a year.
  • At AED 180,000 a year the gross yield on the 2019 price is 6.9%, before a service charge of about AED 28,200 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 29 May 2019.

Questions about 506, Shoreline - Dabas

What did unit 506 last sell for?

AED 2,600,000 on 29 May 2019: AED 1,316 per sqft for 1,975 sqft. The unit has 2 registered sales; the first was AED 1,050,000 in April 2009.

What is the rent for unit 506?

AED 180,000 a year on the contract renewed on 15 January 2019. The previous contract, from January 2018, was AED 195,000; the unit has been rented since December 2012.

How big is unit 506?

1,975 sqft (183.5 sqm): a two-bedroom apartment on the 5th floor of a 9-storey tower completed in 2007.

What is unit 506 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 506, Shoreline - Dabas

Starts from the last sale price (AED 2.6M, 29 May 2019). Switch to today's estimate once you have unlocked it.
Price
AED 2,600,000
Deposit, UAE resident (20%)
AED 520,000
Deposit, non-resident (40%)
AED 1,040,000
Monthly over 25 years at 3.7%
AED 10,637

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