2-bed · 1,551 sqftShoreline - Hallawi, Palm Jumeirah · 10th floor · completed 2007

1005, Shoreline - Hallawi

Sold prices and rental history: sold once, by the developer in April 2009, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1005 · DLD and Ejari recordsUpdated 11 November 2023
Last soldAED 815K26 April 2009
Current rentAED 175K /yr11 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1005, Shoreline - Hallawi

What is 1005 worth today?

Last sold for AED 815,000 in 2009

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11 Nov 2023RentedNew contract
AED 175,000/yr12 months · AED 113 per sqft
1 Oct 2022RentedNew contract
AED 150,000/yr12 months · AED 97 per sqft
24 Sep 2021RentedNew contract
AED 115,000/yr12 months · AED 74 per sqft
1 Jul 2020RentedNew contract
AED 100,000/yr12 months · AED 65 per sqft
10 Nov 2017RentedNew contract
AED 150,000/yr12 months · AED 97 per sqft
10 Nov 2015RentedNew contract
AED 160,000/yr12 months · AED 103 per sqft
1 Oct 2014RentedNew contract
AED 163,800/yr12 months · AED 106 per sqft
26 Apr 2009Sold by developerReady
AED 815,000AED 525 per sqft

Source: Dubai Land Department. Updated 11 November 2023.

Key facts

Type
2-bed apartment
Size
1,551 sqft
Floor
10th of 10
Parking
B1-22
Developer
Nakheel
Completed
2007
Service charge
AED 22,000 /yr
Last sold
AED 815K · April 2009

About 1005, Shoreline - Hallawi

1005 is a two-bedroom apartment of 1,551 sqft on the 10th floor of Shoreline - Hallawi, a 10-storey tower in Palm Jumeirah completed in 2007 by Nakheel. The developer sold it on 26 April 2009 for AED 815,000, or AED 525 per sqft, in line with the AED 523 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, signed on 11 November 2023, is AED 175,000 a year: a gross yield of 21.5% on the 2009 price, before the service charge of about AED 22,000 a year.

Sales and rents for 1005 over time

Sales
Unit 1005, each saleTypical two-bed in Shoreline - Hallawi
2M4M2009201420192024Typical sale price by year: 2009 AED 825,000; 2010 AED 1,182,500; 2011 AED 1,400,000; 2012 AED 1,532,000; 2013 AED 1,750,000; 2014 AED 2,455,000; 2015 AED 2,163,000; 2016 AED 2,200,000; 2017 AED 2,025,000; 2018 AED 1,917,500; 2019 AED 1,425,000; 2020 AED 1,307,500; 2021 AED 1,820,000; 2022 AED 2,237,500; 2023 AED 2,600,000; 2024 AED 3,287,500; 2025 AED 4,125,000; 2026 AED 4,100,000Sold by developer, April 2009: AED 815,000 (AED 525 per sqft)

1005 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1005, each contractTypical two-bed in Shoreline - Hallawi
100K150K2012201620202024Typical rent by year: 2012 AED 110,000; 2013 AED 130,000; 2014 AED 150,000; 2015 AED 152,500; 2016 AED 150,000; 2017 AED 140,000; 2018 AED 128,500; 2019 AED 111,000; 2020 AED 100,000; 2021 AED 100,000; 2022 AED 125,500; 2023 AED 140,000; 2024 AED 152,000; 2025 AED 183,750; 2026 AED 183,016New contract, October 2014: AED 163,800 a yearNew contract, November 2015: AED 160,000 a yearNew contract, November 2017: AED 150,000 a yearNew contract, July 2020: AED 100,000 a yearNew contract, September 2021: AED 115,000 a yearNew contract, October 2022: AED 150,000 a yearNew contract, November 2023: AED 175,000 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 - Hallawi, and where 1005 sits

All 60 2-beds →

1005 last sold in April 2009 at AED 525 per sqft, in line with what two-beds in Shoreline - Hallawi were fetching at the time (AED 523). Over the last 12 months two-beds sold for AED 3,850,000 to 4,500,000, around AED 2,535 per sqft, and rent for AED 75,000 to 240,000 a year. 1005's AED 175,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
24 Jun 20263,850,000
26 Feb 20264,500,000
21 Jan 20264,100,000
10 Dec 20254,125,000
4 2-bed sales in the last 12 months

Shoreline - Hallawi

Building

120 apartments, 1-bed to 4-bed over 10 floors in Palm Jumeirah, completed in 2007 by Nakheel. 10 sold in the last 12 months.

Typical price per sqft
AED 2,340
Typical sale
AED 4.11M
Typical rent
AED 182K /yr
Typical yield
4.5%
Shoreline - Hallawi, Palm Jumeirah: prices, sales and rents →

Other units on the 10th floor

All 120 units in Shoreline - Hallawi
Value
10012-bedAED 975K · Jul 2017
10023-bedAED 2.8M · Jun 2022
10033-bedAED 1.18M · Apr 2009
10041-bedAED 625K · Apr 2009
10062-bedAED 2.35M · Jan 2018
10072-bedAED 1.05M · Apr 2009
10082-bedAED 2.2M · Jul 2016
1–7 of 11

1005, Shoreline - Hallawi in numbers

  • Sold once: by Nakheel on 26 April 2009 for AED 815,000, or AED 525 per sqft.
  • Rented since October 2014 on 7 Ejari contracts. The rent fell from AED 163,800 to AED 100,000 in 2020 and recovered to AED 175,000 by November 2023.
  • At AED 175,000 a year the gross yield on the 2009 price is 21.5%, before a service charge of about AED 22,000 a year (AED 14.21 per sqft).
  • Two-beds in Shoreline - Hallawi sold for AED 3,850,000–4,500,000 in the 12 months to November 2026; the building's median across all types is AED 2,340 per sqft.

Source: Dubai Land Department. Updated 11 November 2023.

Questions about 1005, Shoreline - Hallawi

What did unit 1005 last sell for?

AED 815,000 on 26 April 2009, sold by the developer: AED 525 per sqft for 1,551 sqft. It is the only registered sale of the unit.

What is the rent for unit 1005?

AED 175,000 a year on the contract signed on 11 November 2023. The previous contract, from October 2022, was AED 150,000; the unit has been rented since October 2014.

How big is unit 1005?

1,551 sqft (144.1 sqm): a two-bedroom apartment on the 10th floor of a 10-storey tower completed in 2007.

What is unit 1005 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Shoreline - Hallawi sold for AED 3,850,000 to 4,500,000 in the last 12 months, around AED 2,535 per sqft.

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Mortgage on 1005, Shoreline - Hallawi

Starts from the last sale price (AED 815K, 26 April 2009). Switch to today's estimate once you have unlocked it.
Price
AED 815,000
Deposit, UAE resident (20%)
AED 163,000
Deposit, non-resident (40%)
AED 326,000
Monthly over 25 years at 3.7%
AED 3,334

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