2-bed · 1,583 sqftShoreline - Hallawi, Palm Jumeirah · 5th floor · completed 2007

501, Shoreline - Hallawi

Sold prices and rental history: sold 3 times, last in November 2020, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 501 · DLD and Ejari recordsUpdated 22 November 2020
Last soldAED 1.29M22 November 2020
Current rentAED 145K /yr14 May 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 501, Shoreline - Hallawi

What is 501 worth today?

Last sold for AED 1,290,000 in 2020

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22 Nov 2020SoldReady
AED 1,290,000AED 815 per sqft
14 May 2015RentedNew contract
AED 145,000/yr12 months · AED 92 per sqft
3 Oct 2012RentedNew contract
AED 140,000/yr12 months · AED 88 per sqft
4 Nov 2009SoldReady
AED 1,600,000AED 1,010 per sqft
5 Apr 2009Sold by developerReady
AED 800,000AED 505 per sqft

Source: Dubai Land Department. Updated 22 November 2020.

Key facts

Type
2-bed apartment
Size
1,583 sqft
Floor
5th of 10
Parking
B2-53
Developer
Nakheel
Completed
2007
Service charge
AED 22,500 /yr
Last sold
AED 1.29M · November 2020

About 501, Shoreline - Hallawi

501 is a two-bedroom apartment of 1,583 sqft on the 5th floor of Shoreline - Hallawi, a 10-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 22 November 2020 for AED 1,290,000, or AED 815 per sqft, in line with the AED 835 two-beds in the building were fetching at the time.

It has been rented since 2012 on 2 Ejari contracts. The current contract, signed on 14 May 2015, is AED 145,000 a year: a gross yield of 11.2% on the 2020 price, before the service charge of about AED 22,500 a year.

Sales and rents for 501 over time

Sales
Unit 501, 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 800,000 (AED 505 per sqft)Sold, November 2009: AED 1,600,000 (AED 1,010 per sqft)Sold, November 2020: AED 1,290,000 (AED 815 per sqft)

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

Rents
Unit 501, 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 2012: AED 140,000 a yearNew contract, May 2015: AED 145,000 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 501 sits

All 60 2-beds →

501 last sold in November 2020 at AED 815 per sqft, in line with what two-beds in Shoreline - Hallawi were fetching at the time (AED 835). 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. 501's AED 145,000 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 5th floor

All 120 units in Shoreline - Hallawi
Value
5023-bedAED 2.2M · May 2021
5033-bedAED 1.15M · Apr 2009
5041-bedAED 600K · Apr 2009
5052-bedAED 2.15M · Mar 2017
5062-bedAED 3.5M · Jun 2024
5072-bedAED 4.4M · Oct 2025
5082-bedAED 1.98M · Jul 2022
1–7 of 11

501, Shoreline - Hallawi in numbers

  • Sold 3 times: first on 5 April 2009 for AED 800,000, last on 22 November 2020 for AED 1,290,000 (AED 815 per sqft).
  • Rented since October 2012 on 2 Ejari contracts, from AED 140,000 to AED 145,000 a year.
  • At AED 145,000 a year the gross yield on the 2020 price is 11.2%, before a service charge of about AED 22,500 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 22 November 2020.

Questions about 501, Shoreline - Hallawi

What did unit 501 last sell for?

AED 1,290,000 on 22 November 2020: AED 815 per sqft for 1,583 sqft. The unit has 3 registered sales; the first was AED 800,000 in April 2009.

What is the rent for unit 501?

AED 145,000 a year on the contract signed on 14 May 2015. The previous contract, from October 2012, was AED 140,000.

How big is unit 501?

1,583 sqft (147.1 sqm): a two-bedroom apartment on the 5th floor of a 10-storey tower completed in 2007.

What is unit 501 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 501, Shoreline - Hallawi

Starts from the last sale price (AED 1.29M, 22 November 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,290,000
Deposit, UAE resident (20%)
AED 258,000
Deposit, non-resident (40%)
AED 516,000
Monthly over 25 years at 3.7%
AED 5,278

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