2-bed · 1,550 sqftShoreline - Haseer, Palm Jumeirah · 5th floor · completed 2007

505, Shoreline - Haseer

Sold prices and rental history: sold 3 times, last in September 2022, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 505 · DLD and Ejari recordsUpdated 25 September 2022
Last soldAED 3.5M13 September 2022
Current rentAED 118K /yr25 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 505, Shoreline - Haseer

What is 505 worth today?

Last sold for AED 3,500,000 in 2022

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25 Sep 2022RentedNew contract
AED 117,500/yr12 months · AED 76 per sqft
25 Sep 2022RentedRenewal
AED 117,500/yr12 months · AED 76 per sqft
13 Sep 2022SoldReady
AED 3,500,000AED 2,258 per sqft
25 Sep 2021RentedRenewal
AED 115,500/yr12 months · AED 75 per sqft
25 Sep 2020RentedNew contract
AED 105,000/yr12 months · AED 68 per sqft
25 Jul 2019RentedRenewal
AED 155,000/yr12 months · AED 100 per sqft
25 Jul 2018RentedNew contract
AED 155,000/yr12 months · AED 100 per sqft
16 Jul 2017RentedNew contract
AED 153,000/yr12 months · AED 99 per sqft

Source: Dubai Land Department. Updated 25 September 2022.

Key facts

Type
2-bed apartment
Size
1,550 sqft
Floor
5th of 10
Parking
EUB7B02C96
Developer
Nakheel
Completed
2007
Service charge
AED 17,800 /yr
Last sold
AED 3.5M · September 2022

About 505, Shoreline - Haseer

505 is a two-bedroom apartment of 1,550 sqft on the 5th floor of Shoreline - Haseer, a 10-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 13 September 2022 for AED 3,500,000, or AED 2,258 per sqft, 22% above the AED 1,855 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 9 Ejari contracts. The current contract, signed on 25 September 2022, is AED 117,500 a year: a gross yield of 3.4% on the 2022 price, before the service charge of about AED 17,800 a year.

Sales and rents for 505 over time

Sales
Unit 505, each saleTypical two-bed in Shoreline - Haseer
2M4M6M2009201420192024Typical sale price by year: 2009 AED 1,485,000; 2010 AED 1,360,000; 2011 AED 2,311,868; 2012 AED 2,078,000; 2013 AED 2,600,000; 2014 AED 2,830,000; 2016 AED 2,200,000; 2017 AED 3,000,000; 2018 AED 2,162,500; 2019 AED 2,125,000; 2021 AED 2,535,000; 2022 AED 3,500,000; 2025 AED 5,500,000Sold, November 2009: AED 2,700,000 (AED 1,741 per sqft)Sold by developer, November 2009: AED 2,700,000 (AED 1,741 per sqft)Sold, September 2022: AED 3,500,000 (AED 2,258 per sqft)

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

Rents
Unit 505, each contractTypical two-bed in Shoreline - Haseer
100K150K200K2013201720212025Typical rent by year: 2013 AED 167,000; 2014 AED 188,750; 2015 AED 195,000; 2016 AED 187,500; 2017 AED 159,572; 2018 AED 158,500; 2019 AED 145,000; 2020 AED 122,674; 2021 AED 130,000; 2022 AED 145,000; 2023 AED 164,500; 2024 AED 204,250; 2025 AED 200,000; 2026 AED 200,000New contract, January 2015: AED 190,000 a yearNew contract, March 2017: AED 150,000 a yearNew contract, July 2017: AED 153,000 a yearNew contract, July 2018: AED 155,000 a yearRenewal, July 2019: AED 155,000 a yearNew contract, September 2020: AED 105,000 a yearRenewal, September 2021: AED 115,500 a yearNew contract, September 2022: AED 117,500 a yearRenewal, September 2022: AED 117,500 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 - Haseer, and where 505 sits

All 60 2-beds →

505 last sold in September 2022 at AED 2,258 per sqft, 22% above what two-beds in Shoreline - Haseer were fetching at the time (AED 1,855). Over the last 12 months two-beds sold for AED 4,900,000 to 6,900,000, around AED 3,311 per sqft, and rent for AED 144,210 to 330,000 a year. 505's AED 117,500 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
30 Apr 20264,900,000
3 Dec 20256,900,000
17 Oct 20256,200,000
23 Jun 20256,900,000
2 2-bed sales in the last 12 months

Shoreline - Haseer

Building

131 apartments, 1-bed to 4-bed over 10 floors in Palm Jumeirah, completed in 2007 by Nakheel. 3 sold in the last 12 months.

Typical price per sqft
AED 3,460
Typical sale
AED 4.9M
Typical rent
AED 200K /yr
Typical yield
3.7%
Shoreline - Haseer, Palm Jumeirah: prices, sales and rents →

Other units on the 5th floor

All 131 units in Shoreline - Haseer
Value
5012-bedAED 1.25M · Jan 2010
5023-bedAED 1.25M · Mar 2010
5033-bedAED 4.3M · May 2023
5041-bedAED 2.19M · Nov 2021
5062-bedAED 3.5M · Jan 2022
5072-bedAED 3M · Apr 2012
5082-bedAED 5.3M · Feb 2025
1–7 of 11

505, Shoreline - Haseer in numbers

  • Sold 3 times: first on 17 November 2009 for AED 2,700,000, last on 13 September 2022 for AED 3,500,000 (AED 2,258 per sqft).
  • Rented since January 2015 on 9 Ejari contracts. The rent fell from AED 190,000 to AED 105,000 in 2020 and recovered to AED 117,500 by September 2022.
  • At AED 117,500 a year the gross yield on the 2022 price is 3.4%, before a service charge of about AED 17,800 a year (AED 11.50 per sqft).
  • Two-beds in Shoreline - Haseer sold for AED 4,900,000–6,900,000 in the 12 months to November 2026; the building's median across all types is AED 3,460 per sqft.

Source: Dubai Land Department. Updated 25 September 2022.

Questions about 505, Shoreline - Haseer

What did unit 505 last sell for?

AED 3,500,000 on 13 September 2022: AED 2,258 per sqft for 1,550 sqft. The unit has 3 registered sales; the first was AED 2,700,000 in November 2009.

What is the rent for unit 505?

AED 117,500 a year on the contract signed on 25 September 2022. The previous contract, from September 2022, was AED 117,500; the unit has been rented since January 2015.

How big is unit 505?

1,550 sqft (144.0 sqm): a two-bedroom apartment on the 5th floor of a 10-storey tower completed in 2007.

What is unit 505 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Shoreline - Haseer sold for AED 4,900,000 to 6,900,000 in the last 12 months, around AED 3,311 per sqft.

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Mortgage on 505, Shoreline - Haseer

Starts from the last sale price (AED 3.5M, 13 September 2022). Switch to today's estimate once you have unlocked it.
Price
AED 3,500,000
Deposit, UAE resident (20%)
AED 700,000
Deposit, non-resident (40%)
AED 1,400,000
Monthly over 25 years at 3.7%
AED 14,320

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