2-bed · 1,551 sqftShoreline - Dabas, Palm Jumeirah · 5th floor · completed 2007

508, Shoreline - Dabas

Sold prices and rental history: sold 3 times, last in June 2022, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 508 · DLD and Ejari recordsUpdated 20 August 2022
Last soldAED 3.2M15 June 2022
Current rentAED 135K /yr20 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 508, Shoreline - Dabas

What is 508 worth today?

Last sold for AED 3,200,000 in 2022

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20 Aug 2022RentedRenewal
AED 134,754/yr8 months · AED 87 per sqft
15 Jun 2022SoldReady
AED 3,200,000AED 2,063 per sqft
20 Aug 2021RentedRenewal
AED 135,000/yr12 months · AED 87 per sqft
20 Aug 2020RentedRenewal
AED 135,000/yr12 months · AED 87 per sqft
20 Aug 2019RentedRenewal
AED 162,000/yr12 months · AED 105 per sqft
20 Aug 2018RentedRenewal
AED 175,000/yr12 months · AED 113 per sqft
20 Aug 2017RentedRenewal
AED 186,000/yr12 months · AED 120 per sqft
20 Aug 2016RentedNew contract
AED 193,000/yr12 months · AED 125 per sqft

Source: Dubai Land Department. Updated 20 August 2022.

Key facts

Type
2-bed apartment
Size
1,551 sqft
Floor
5th of 9
Parking
B2-80
Developer
Nakheel
Completed
2007
Service charge
AED 22,100 /yr
Last sold
AED 3.2M · June 2022

About 508, Shoreline - Dabas

508 is a two-bedroom apartment of 1,551 sqft on the 5th floor of Shoreline - Dabas, a 9-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 15 June 2022 for AED 3,200,000, or AED 2,063 per sqft, in line with the AED 2,063 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 8 Ejari contracts. The current contract, renewed on 20 August 2022, is AED 134,754 a year: a gross yield of 4.2% on the 2022 price, before the service charge of about AED 22,100 a year.

Sales and rents for 508 over time

Sales
Unit 508, 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, March 2009: AED 870,000 (AED 561 per sqft)Sold, June 2015: AED 1,560,000 (AED 1,005 per sqft)Sold, June 2022: AED 3,200,000 (AED 2,063 per sqft)

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

Rents
Unit 508, 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, August 2015: AED 196,000 a yearNew contract, August 2016: AED 193,000 a yearRenewal, August 2017: AED 186,000 a yearRenewal, August 2018: AED 175,000 a yearRenewal, August 2019: AED 162,000 a yearRenewal, August 2020: AED 135,000 a yearRenewal, August 2021: AED 135,000 a yearRenewal, August 2022: AED 134,754 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 508 sits

All 54 2-beds →

508 last sold in June 2022 at AED 2,063 per sqft, in line with what two-beds in Shoreline - Dabas were fetching at the time (AED 2,063). 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. 508's AED 134,754 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
5062-bedAED 2.6M · May 2019
5072-bedAED 2.6M · Apr 2019
1–7 of 11

508, Shoreline - Dabas in numbers

  • Sold 3 times: first on 1 March 2009 for AED 870,000, last on 15 June 2022 for AED 3,200,000 (AED 2,063 per sqft).
  • Rented since August 2015 on 8 Ejari contracts, from AED 196,000 to AED 134,754 a year.
  • At AED 134,754 a year the gross yield on the 2022 price is 4.2%, 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 20 August 2022.

Questions about 508, Shoreline - Dabas

What did unit 508 last sell for?

AED 3,200,000 on 15 June 2022: AED 2,063 per sqft for 1,551 sqft. The unit has 3 registered sales; the first was AED 870,000 in March 2009.

What is the rent for unit 508?

AED 134,754 a year on the contract renewed on 20 August 2022. The previous contract, from August 2021, was AED 135,000; the unit has been rented since August 2015.

How big is unit 508?

1,551 sqft (144.1 sqm): a two-bedroom apartment on the 5th floor of a 9-storey tower completed in 2007.

What is unit 508 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 508, Shoreline - Dabas

Starts from the last sale price (AED 3.2M, 15 June 2022). Switch to today's estimate once you have unlocked it.
Price
AED 3,200,000
Deposit, UAE resident (20%)
AED 640,000
Deposit, non-resident (40%)
AED 1,280,000
Monthly over 25 years at 3.7%
AED 13,092

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