2-bed · 1,551 sqftShoreline - Jash Falqa, Palm Jumeirah · 5th floor · completed 2007

508, Shoreline - Jash Falqa

Sold prices and rental history: sold 3 times, last in March 2018, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 508 · DLD and Ejari recordsUpdated 29 March 2018
Last soldAED 2.58M29 March 2018
Current rentAED 170K /yr5 August 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 508, Shoreline - Jash Falqa

What is 508 worth today?

Last sold for AED 2,575,000 in 2018

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29 Mar 2018SoldReady
AED 2,575,000AED 1,660 per sqft
5 Aug 2017RentedRenewal
AED 170,000/yr6 months · AED 110 per sqft
5 Aug 2016RentedRenewal
AED 170,000/yr12 months · AED 110 per sqft
5 Aug 2015RentedNew contract
AED 170,000/yr12 months · AED 110 per sqft
5 Aug 2014RentedRenewal
AED 165,000/yr12 months · AED 106 per sqft
5 Aug 2013RentedNew contract
AED 165,000/yr12 months · AED 106 per sqft
5 May 2013RentedNew contract
AED 170,000/yr12 months · AED 110 per sqft
18 Feb 2013SoldReady
AED 2,700,000AED 1,741 per sqft

Source: Dubai Land Department. Updated 29 March 2018.

Key facts

Type
2-bed apartment
Size
1,551 sqft
Floor
5th of 8
Parking
2B2-80
Developer
Nakheel
Completed
2007
Service charge
AED 18,700 /yr
Last sold
AED 2.58M · March 2018

About 508, Shoreline - Jash Falqa

508 is a two-bedroom apartment of 1,551 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 29 March 2018 for AED 2,575,000, or AED 1,660 per sqft, in line with the AED 1,666 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, renewed on 5 August 2017, is AED 170,000 a year: a gross yield of 6.6% on the 2018 price, before the service charge of about AED 18,700 a year.

Sales and rents for 508 over time

Sales
Unit 508, 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, March 2009: AED 870,000 (AED 561 per sqft)Sold, February 2013: AED 2,700,000 (AED 1,741 per sqft)Sold, March 2018: AED 2,575,000 (AED 1,660 per sqft)

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

Rents
Unit 508, each contractTypical two-bed in Shoreline - Jash Falqa
150K200K2012201620202024Typical 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, May 2013: AED 170,000 a yearNew contract, August 2013: AED 165,000 a yearRenewal, August 2014: AED 165,000 a yearNew contract, August 2015: AED 170,000 a yearRenewal, August 2016: AED 170,000 a yearRenewal, August 2017: AED 170,000 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 - Jash Falqa, and where 508 sits

All 48 2-beds →

508 last sold in March 2018 at AED 1,660 per sqft, in line with what two-beds in Shoreline - Jash Falqa were fetching at the time (AED 1,666). 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. 508's AED 170,000 is in the lower 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
5072-bedAED 4M · Jul 2016
1–7 of 11

508, Shoreline - Jash Falqa in numbers

  • Sold 3 times: first on 3 March 2009 for AED 870,000, last on 29 March 2018 for AED 2,575,000 (AED 1,660 per sqft).
  • Rented since May 2013 on 6 Ejari contracts, at AED 170,000 a year.
  • At AED 170,000 a year the gross yield on the 2018 price is 6.6%, before a service charge of about AED 18,700 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 29 March 2018.

Questions about 508, Shoreline - Jash Falqa

What did unit 508 last sell for?

AED 2,575,000 on 29 March 2018: AED 1,660 per sqft for 1,551 sqft. The unit has 3 registered sales; the first was AED 870,000 in March 2009.

What is the rent for unit 508?

AED 170,000 a year on the contract renewed on 5 August 2017. The previous contract, from August 2016, was AED 170,000; the unit has been rented since May 2013.

How big is unit 508?

1,551 sqft (144.1 sqm): a two-bedroom apartment on the 5th floor of a 8-storey tower completed in 2007.

What is unit 508 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 508, Shoreline - Jash Falqa

Starts from the last sale price (AED 2.58M, 29 March 2018). Switch to today's estimate once you have unlocked it.
Price
AED 2,575,000
Deposit, UAE resident (20%)
AED 515,000
Deposit, non-resident (40%)
AED 1,030,000
Monthly over 25 years at 3.7%
AED 10,535

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