2-bed · 1,551 sqftShoreline - Hallawi, Palm Jumeirah · 4th floor · completed 2007

408, Shoreline - Hallawi

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

Unit 408 · DLD and Ejari recordsUpdated 1 June 2021
Last soldAED 2.51M2 October 2014
Current rentAED 100K /yr1 June 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 408, Shoreline - Hallawi

What is 408 worth today?

Last sold for AED 2,510,000 in 2014

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1 Jun 2021RentedNew contract
AED 100,000/yr12 months · AED 65 per sqft
1 Jun 2020RentedNew contract
AED 100,000/yr12 months · AED 65 per sqft
20 Apr 2019RentedRenewal
AED 125,000/yr12 months · AED 81 per sqft
20 Apr 2018RentedRenewal
AED 140,000/yr12 months · AED 90 per sqft
20 Apr 2017RentedNew contract
AED 140,000/yr12 months · AED 90 per sqft
24 Oct 2016RentedRenewal
AED 165,000/yr12 months · AED 106 per sqft
24 Oct 2015RentedNew contract
AED 165,000/yr12 months · AED 106 per sqft
25 Oct 2014RentedNew contract
AED 165,000/yr12 months · AED 106 per sqft

Source: Dubai Land Department. Updated 1 June 2021.

Key facts

Type
2-bed apartment
Size
1,551 sqft
Floor
4th of 10
Parking
B2-96
Developer
Nakheel
Completed
2007
Service charge
AED 22,000 /yr
Last sold
AED 2.51M · October 2014

About 408, Shoreline - Hallawi

408 is a two-bedroom apartment of 1,551 sqft on the 4th floor of Shoreline - Hallawi, a 10-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 2 October 2014 for AED 2,510,000, or AED 1,618 per sqft, in line with the AED 1,577 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, signed on 1 June 2021, is AED 100,000 a year: a gross yield of 4.0% on the 2014 price, before the service charge of about AED 22,000 a year.

Sales and rents for 408 over time

Sales
Unit 408, 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 3,000,000 (AED 1,934 per sqft)Sold, October 2014: AED 2,510,000 (AED 1,618 per sqft)

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

Rents
Unit 408, 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, June 2013: AED 130,000 a yearNew contract, October 2014: AED 165,000 a yearNew contract, October 2015: AED 165,000 a yearRenewal, October 2016: AED 165,000 a yearNew contract, April 2017: AED 140,000 a yearRenewal, April 2018: AED 140,000 a yearRenewal, April 2019: AED 125,000 a yearNew contract, June 2020: AED 100,000 a yearNew contract, June 2021: AED 100,000 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 408 sits

All 60 2-beds →

408 last sold in October 2014 at AED 1,618 per sqft, in line with what two-beds in Shoreline - Hallawi were fetching at the time (AED 1,577). 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. 408's AED 100,000 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
4062-bedAED 2.3M · Oct 2017
4072-bedAED 2.09M · Sep 2021
1–7 of 11

408, Shoreline - Hallawi in numbers

  • Sold twice: first on 5 April 2009 for AED 3,000,000, last on 2 October 2014 for AED 2,510,000 (AED 1,618 per sqft).
  • Rented since June 2013 on 9 Ejari contracts, from AED 130,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2014 price is 4.0%, 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 1 June 2021.

Questions about 408, Shoreline - Hallawi

What did unit 408 last sell for?

AED 2,510,000 on 2 October 2014: AED 1,618 per sqft for 1,551 sqft. The unit has 2 registered sales; the first was AED 3,000,000 in April 2009.

What is the rent for unit 408?

AED 100,000 a year on the contract signed on 1 June 2021. The previous contract, from June 2020, was AED 100,000; the unit has been rented since June 2013.

How big is unit 408?

1,551 sqft (144.1 sqm): a two-bedroom apartment on the 4th floor of a 10-storey tower completed in 2007.

What is unit 408 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 408, Shoreline - Hallawi

Starts from the last sale price (AED 2.51M, 2 October 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,510,000
Deposit, UAE resident (20%)
AED 502,000
Deposit, non-resident (40%)
AED 1,004,000
Monthly over 25 years at 3.7%
AED 10,269

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