2-bed · 1,551 sqftShoreline - Hallawi, Palm Jumeirah · 7th floor · completed 2007

708, Shoreline - Hallawi

Sold prices and rental history: sold 3 times, last in February 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 708 · DLD and Ejari recordsUpdated 10 February 2023
Last soldAED 2.6M10 February 2023
Current rentAED 95K /yr1 December 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 708, Shoreline - Hallawi

What is 708 worth today?

Last sold for AED 2,600,000 in 2023

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10 Feb 2023SoldReady
AED 2,600,000AED 1,676 per sqft
1 Dec 2020RentedNew contract
AED 95,000/yr12 months · AED 61 per sqft
11 Nov 2019RentedNew contract
AED 110,000/yr12 months · AED 71 per sqft
2 Nov 2018RentedRenewal
AED 135,000/yr12 months · AED 87 per sqft
2 Nov 2017RentedNew contract
AED 135,000/yr12 months · AED 87 per sqft
18 Aug 2015SoldReady
AED 2,226,000AED 1,435 per sqft
16 Sep 2014RentedNew contract
AED 125,000/yr12 months · AED 81 per sqft
16 Sep 2013RentedNew contract
AED 125,000/yr12 months · AED 81 per sqft

Source: Dubai Land Department. Updated 10 February 2023.

Key facts

Type
2-bed apartment
Size
1,551 sqft
Floor
7th of 10
Parking
B2-121
Developer
Nakheel
Completed
2007
Service charge
AED 22,000 /yr
Last sold
AED 2.6M · February 2023

About 708, Shoreline - Hallawi

708 is a two-bedroom apartment of 1,551 sqft on the 7th floor of Shoreline - Hallawi, a 10-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 10 February 2023 for AED 2,600,000, or AED 1,676 per sqft, 22% above the AED 1,370 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, signed on 1 December 2020, is AED 95,000 a year: a gross yield of 3.6% on the 2023 price, before the service charge of about AED 22,000 a year.

Sales and rents for 708 over time

Sales
Unit 708, 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 2,000,000 (AED 1,289 per sqft)Sold, August 2015: AED 2,226,000 (AED 1,435 per sqft)Sold, February 2023: AED 2,600,000 (AED 1,676 per sqft)

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

Rents
Unit 708, 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, September 2013: AED 125,000 a yearNew contract, September 2014: AED 125,000 a yearNew contract, November 2017: AED 135,000 a yearRenewal, November 2018: AED 135,000 a yearNew contract, November 2019: AED 110,000 a yearNew contract, December 2020: AED 95,000 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 708 sits

All 60 2-beds →

708 last sold in February 2023 at AED 1,676 per sqft, 22% above what two-beds in Shoreline - Hallawi were fetching at the time (AED 1,370). 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. 708's AED 95,000 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 7th floor

All 120 units in Shoreline - Hallawi
Value
7012-bedAED 1.39M · Apr 2020
7023-bedAED 3.51M · Dec 2014
7033-bedAED 3.45M · Mar 2024
7041-bedAED 625K · Apr 2009
7052-bedAED 4.1M · Jan 2026
7062-bedAED 2.75M · Mar 2023
7072-bedAED 2.4M · May 2016
1–7 of 11

708, Shoreline - Hallawi in numbers

  • Sold 3 times: first on 5 April 2009 for AED 2,000,000, last on 10 February 2023 for AED 2,600,000 (AED 1,676 per sqft).
  • Rented since September 2013 on 6 Ejari contracts, from AED 125,000 to AED 95,000 a year.
  • At AED 95,000 a year the gross yield on the 2023 price is 3.6%, 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 10 February 2023.

Questions about 708, Shoreline - Hallawi

What did unit 708 last sell for?

AED 2,600,000 on 10 February 2023: AED 1,676 per sqft for 1,551 sqft. The unit has 3 registered sales; the first was AED 2,000,000 in April 2009.

What is the rent for unit 708?

AED 95,000 a year on the contract signed on 1 December 2020. The previous contract, from November 2019, was AED 110,000; the unit has been rented since September 2013.

How big is unit 708?

1,551 sqft (144.1 sqm): a two-bedroom apartment on the 7th floor of a 10-storey tower completed in 2007.

What is unit 708 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 708, Shoreline - Hallawi

Starts from the last sale price (AED 2.6M, 10 February 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,600,000
Deposit, UAE resident (20%)
AED 520,000
Deposit, non-resident (40%)
AED 1,040,000
Monthly over 25 years at 3.7%
AED 10,637

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