2-bed · 1,998 sqftShoreline - Hallawi, Palm Jumeirah · 4th floor · completed 2007

406, Shoreline - Hallawi

Sold prices and rental history: sold 4 times, last in October 2017, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 406 · DLD and Ejari recordsUpdated 12 October 2017
Last soldAED 2.3M12 October 2017
Current rentAED 138K /yr20 July 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 406, Shoreline - Hallawi

What is 406 worth today?

Last sold for AED 2,300,000 in 2017

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12 Oct 2017SoldReady
AED 2,300,000AED 1,151 per sqft
20 Jul 2016RentedRenewal
AED 138,000/yr12 months · AED 69 per sqft
20 Jul 2015RentedNew contract
AED 138,000/yr12 months · AED 69 per sqft
20 Jul 2014RentedNew contract
AED 125,000/yr12 months · AED 62 per sqft
2 Oct 2011SoldReady
AED 1,550,000AED 775 per sqft
26 Jul 2010SoldReady
AED 1,400,000AED 700 per sqft
15 Jul 2010Sold by developerReady
AED 1,025,000AED 513 per sqft

Source: Dubai Land Department. Updated 12 October 2017.

Key facts

Type
2-bed apartment
Size
1,998 sqft
Floor
4th of 10
Parking
B2-62
Developer
Nakheel
Completed
2007
Service charge
AED 28,400 /yr
Last sold
AED 2.3M · October 2017

About 406, Shoreline - Hallawi

406 is a two-bedroom apartment of 1,998 sqft on the 4th floor of Shoreline - Hallawi, a 10-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 12 October 2017 for AED 2,300,000, or AED 1,151 per sqft, 5% below the AED 1,210 two-beds in the building were fetching at the time.

It has been rented since 2014 on 3 Ejari contracts. The current contract, renewed on 20 July 2016, is AED 138,000 a year: a gross yield of 6.0% on the 2017 price, before the service charge of about AED 28,400 a year.

Sales and rents for 406 over time

Sales
Unit 406, 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, July 2010: AED 1,400,000 (AED 700 per sqft)Sold by developer, July 2010: AED 1,025,000 (AED 513 per sqft)Sold, October 2011: AED 1,550,000 (AED 775 per sqft)Sold, October 2017: AED 2,300,000 (AED 1,151 per sqft)

406 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 406, 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, July 2014: AED 125,000 a yearNew contract, July 2015: AED 138,000 a yearRenewal, July 2016: AED 138,000 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 406 sits

All 60 2-beds →

406 last sold in October 2017 at AED 1,151 per sqft, 5% below what two-beds in Shoreline - Hallawi were fetching at the time (AED 1,210). 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. 406's AED 138,000 is in the lower 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 4th floor

All 120 units in Shoreline - Hallawi
Value
4012-bedAED 2.65M · Nov 2022
4023-bedAED 3.05M · Mar 2016
4033-bedAED 850K · Oct 2010
4041-bedAED 600K · Apr 2009
4052-bedAED 2.95M · Mar 2024
4072-bedAED 2.09M · Sep 2021
4082-bedAED 2.51M · Oct 2014
1–7 of 11

406, Shoreline - Hallawi in numbers

  • Sold 4 times: first on 15 July 2010 for AED 1,025,000, last on 12 October 2017 for AED 2,300,000 (AED 1,151 per sqft).
  • Rented since July 2014 on 3 Ejari contracts, from AED 125,000 to AED 138,000 a year.
  • At AED 138,000 a year the gross yield on the 2017 price is 6.0%, before a service charge of about AED 28,400 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 12 October 2017.

Questions about 406, Shoreline - Hallawi

What did unit 406 last sell for?

AED 2,300,000 on 12 October 2017: AED 1,151 per sqft for 1,998 sqft. The unit has 4 registered sales; the first was AED 1,025,000 in July 2010.

What is the rent for unit 406?

AED 138,000 a year on the contract renewed on 20 July 2016. The previous contract, from July 2015, was AED 138,000; the unit has been rented since July 2014.

How big is unit 406?

1,998 sqft (185.6 sqm): a two-bedroom apartment on the 4th floor of a 10-storey tower completed in 2007.

What is unit 406 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 406, Shoreline - Hallawi

Starts from the last sale price (AED 2.3M, 12 October 2017). Switch to today's estimate once you have unlocked it.
Price
AED 2,300,000
Deposit, UAE resident (20%)
AED 460,000
Deposit, non-resident (40%)
AED 920,000
Monthly over 25 years at 3.7%
AED 9,410

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