2-bed · 1,975 sqftShoreline - Jash Falqa, Palm Jumeirah · 5th floor · completed 2007

507, Shoreline - Jash Falqa

Sold prices and rental history: sold twice, last in July 2016, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 507 · DLD and Ejari recordsUpdated 21 July 2016
Last soldAED 4M21 July 2016
Current rentAED 248K /yr17 December 2014
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 507, Shoreline - Jash Falqa

What is 507 worth today?

Last sold for AED 4,000,000 in 2016

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21 Jul 2016SoldReady
AED 4,000,000AED 2,025 per sqft
17 Dec 2014RentedNew contract
AED 247,525/yr12 months · AED 126 per sqft
18 Dec 2013RentedNew contract
AED 250,000/yr12 months · AED 127 per sqft
28 Apr 2009Sold by developerReady
AED 4,100,000AED 2,076 per sqft

Source: Dubai Land Department. Updated 21 July 2016.

Key facts

Type
2-bed apartment
Size
1,975 sqft
Floor
5th of 8
Parking
2B2-79
Developer
Nakheel
Completed
2007
Service charge
AED 23,800 /yr
Last sold
AED 4M · July 2016

About 507, Shoreline - Jash Falqa

507 is a two-bedroom apartment of 1,975 sqft on the 5th floor of Shoreline - Jash Falqa, a 8-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 21 July 2016 for AED 4,000,000, or AED 2,025 per sqft, 10% above the AED 1,848 two-beds in the building were fetching at the time.

It has been rented since 2013 on 2 Ejari contracts. The current contract, signed on 17 December 2014, is AED 247,525 a year: a gross yield of 6.2% on the 2016 price, before the service charge of about AED 23,800 a year.

Sales and rents for 507 over time

Sales
Unit 507, each saleTypical two-bed in Shoreline - Jash Falqa
2M4M2009201420192024Typical sale price by year: 2009 AED 972,500; 2011 AED 1,550,000; 2013 AED 2,800,000; 2016 AED 3,300,000; 2017 AED 3,300,000; 2018 AED 2,225,000; 2021 AED 2,837,500; 2022 AED 3,625,000; 2023 AED 4,850,000; 2025 AED 4,775,000Sold by developer, April 2009: AED 4,100,000 (AED 2,076 per sqft)Sold, July 2016: AED 4,000,000 (AED 2,025 per sqft)

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

Rents
Unit 507, each contractTypical two-bed in Shoreline - Jash Falqa
200K2012201620202024Typical rent by year: 2012 AED 184,590; 2013 AED 170,000; 2014 AED 178,500; 2015 AED 176,000; 2016 AED 178,500; 2017 AED 171,150; 2018 AED 163,750; 2019 AED 145,000; 2020 AED 125,500; 2021 AED 125,000; 2022 AED 140,000; 2023 AED 160,000; 2024 AED 180,000; 2025 AED 205,000; 2026 AED 199,500New contract, December 2013: AED 250,000 a yearNew contract, December 2014: AED 247,525 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 - Jash Falqa, and where 507 sits

All 48 2-beds →

507 last sold in July 2016 at AED 2,025 per sqft, 10% above what two-beds in Shoreline - Jash Falqa were fetching at the time (AED 1,848). Over the last 12 months two-beds sold for AED 7,000,000, around AED 3,544 per sqft, and rent for AED 100,000 to 330,000 a year. 507's AED 247,525 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
15 Jul 20267,000,000
16 Sep 20253,950,000
26 Jun 20255,600,000
9 Jun 20253,000,000
1 2-bed sale in the last 12 months

Shoreline - Jash Falqa

Building

95 apartments, 1-bed to 4-bed over 8 floors in Palm Jumeirah, completed in 2007 by Nakheel. 5 sold in the last 12 months.

Typical price per sqft
AED 2,933
Typical sale
AED 6.4M
Typical rent
AED 200K /yr
Typical yield
4.3%
Shoreline - Jash Falqa, Palm Jumeirah: prices, sales and rents →

Other units on the 5th floor

All 95 units in Shoreline - Jash Falqa
Value
5012-bedAED 1.75M · Jun 2018
5023-bedAED 1.15M · Apr 2009
5033-bedAED 3.3M · Jan 2019
5041-bedAED 3.75M · Jul 2025
5052-bedAED 1.7M · Jun 2009
5062-bedAED 6.9M · Feb 2024
5082-bedAED 2.58M · Mar 2018
1–7 of 11

507, Shoreline - Jash Falqa in numbers

  • Sold twice: first on 28 April 2009 for AED 4,100,000, last on 21 July 2016 for AED 4,000,000 (AED 2,025 per sqft).
  • Rented since December 2013 on 2 Ejari contracts, from AED 250,000 to AED 247,525 a year.
  • At AED 247,525 a year the gross yield on the 2016 price is 6.2%, before a service charge of about AED 23,800 a year (AED 12.05 per sqft).
  • Two-beds in Shoreline - Jash Falqa sold for AED 7,000,000–7,000,000 in the 12 months to November 2026; the building's median across all types is AED 2,933 per sqft.

Source: Dubai Land Department. Updated 21 July 2016.

Questions about 507, Shoreline - Jash Falqa

What did unit 507 last sell for?

AED 4,000,000 on 21 July 2016: AED 2,025 per sqft for 1,975 sqft. The unit has 2 registered sales; the first was AED 4,100,000 in April 2009.

What is the rent for unit 507?

AED 247,525 a year on the contract signed on 17 December 2014. The previous contract, from December 2013, was AED 250,000.

How big is unit 507?

1,975 sqft (183.5 sqm): a two-bedroom apartment on the 5th floor of a 8-storey tower completed in 2007.

What is unit 507 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Shoreline - Jash Falqa sold for AED 7,000,000 to 7,000,000 in the last 12 months, around AED 3,544 per sqft.

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Mortgage on 507, Shoreline - Jash Falqa

Starts from the last sale price (AED 4M, 21 July 2016). Switch to today's estimate once you have unlocked it.
Price
AED 4,000,000
Deposit, UAE resident (20%)
AED 800,000
Deposit, non-resident (40%)
AED 1,600,000
Monthly over 25 years at 3.7%
AED 16,365

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