2-bed · 1,589 sqftShoreline - Khushkar, Palm Jumeirah · 10th floor · completed 2007

1001, Shoreline - Khushkar

Sold prices and rental history: sold once, by the developer in July 2009, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1001 · DLD and Ejari recordsUpdated 4 August 2013
Last soldAED 825K14 July 2009
Current rentAED 160K /yr4 August 2013
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1001, Shoreline - Khushkar

What is 1001 worth today?

Last sold for AED 825,000 in 2009

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4 Aug 2013RentedNew contract
AED 160,000/yr12 months · AED 33 per sqft
25 Nov 2012RentedNew contract
AED 180,000/yr6 months · AED 37 per sqft
14 Jul 2009Sold by developerReady
AED 825,000AED 519 per sqft

Source: Dubai Land Department. Updated 4 August 2013.

Key facts

Type
2-bed apartment
Size
1,589 sqft
Floor
10th of 11
Parking
B2-113
Developer
Nakheel
Completed
2007
Service charge
AED 24,900 /yr
Last sold
AED 825K · July 2009

About 1001, Shoreline - Khushkar

1001 is a two-bedroom apartment of 1,589 sqft on the 10th floor of Shoreline - Khushkar, a 11-storey tower in Palm Jumeirah completed in 2007 by Nakheel. The developer sold it on 14 July 2009 for AED 825,000, or AED 519 per sqft, in line with the AED 525 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 4 August 2013, is AED 160,000 a year: a gross yield of 19.4% on the 2009 price, before the service charge of about AED 24,900 a year.

Sales and rents for 1001 over time

Sales
Unit 1001, each saleTypical two-bed in Shoreline - Khushkar
2M4M2009201420192024Typical sale price by year: 2009 AED 825,000; 2010 AED 1,500,000; 2011 AED 1,435,000; 2012 AED 1,050,000; 2013 AED 1,650,000; 2014 AED 2,550,000; 2015 AED 1,750,000; 2017 AED 2,000,000; 2018 AED 1,600,000; 2020 AED 1,600,000; 2021 AED 1,662,500; 2022 AED 2,000,000; 2023 AED 2,487,500; 2024 AED 3,237,500; 2025 AED 3,375,000; 2026 AED 4,000,000Sold by developer, July 2009: AED 825,000 (AED 519 per sqft)

1001 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1001, each contractTypical two-bed in Shoreline - Khushkar
100K150K20112015201920232027Typical rent by year: 2011 AED 120,000; 2012 AED 125,000; 2013 AED 135,000; 2014 AED 149,750; 2015 AED 154,584; 2016 AED 150,000; 2017 AED 140,000; 2018 AED 120,000; 2019 AED 112,500; 2020 AED 95,000; 2021 AED 95,000; 2022 AED 116,000; 2023 AED 150,000; 2024 AED 170,000; 2025 AED 173,250; 2026 AED 162,500New contract, November 2012: AED 180,000 a yearNew contract, August 2013: AED 160,000 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 - Khushkar, and where 1001 sits

All 66 2-beds →

1001 last sold in July 2009 at AED 519 per sqft, in line with what two-beds in Shoreline - Khushkar were fetching at the time (AED 525). Over the last 12 months two-beds sold for AED 3,150,000 to 5,300,000, around AED 2,547 per sqft, and rent for AED 140,000 to 275,626 a year. 1001's AED 160,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
19 Oct 20263,150,000
10 Apr 20264,000,000
6 Jan 20265,300,000
23 Dec 20253,900,000
4 2-bed sales in the last 12 months

Shoreline - Khushkar

Building

132 apartments, 1-bed to 4-bed over 11 floors in Palm Jumeirah, completed in 2007 by Nakheel. 5 sold in the last 12 months.

Typical price per sqft
AED 2,537
Typical sale
AED 4M
Typical rent
AED 160K /yr
Typical yield
4.2%
Shoreline - Khushkar, Palm Jumeirah: prices, sales and rents →

Other units on the 10th floor

All 132 units in Shoreline - Khushkar
Value
10023-bedAED 1.18M · Feb 2009
10033-bedAED 1.18M · Apr 2009
10041-bedAED 1.4M · Jul 2017
10052-bedAED 815K · Feb 2009
10062-bedAED 1.05M · Feb 2009
10072-bedAED 2.18M · Oct 2017
10082-bedAED 815K · Feb 2009
1–7 of 11

1001, Shoreline - Khushkar in numbers

  • Sold once: by Nakheel on 14 July 2009 for AED 825,000, or AED 519 per sqft.
  • Rented since November 2012 on 2 Ejari contracts, from AED 180,000 to AED 160,000 a year.
  • At AED 160,000 a year the gross yield on the 2009 price is 19.4%, before a service charge of about AED 24,900 a year (AED 15.70 per sqft).
  • Two-beds in Shoreline - Khushkar sold for AED 3,150,000–5,300,000 in the 12 months to November 2026; the building's median across all types is AED 2,537 per sqft.

Source: Dubai Land Department. Updated 4 August 2013.

Questions about 1001, Shoreline - Khushkar

What did unit 1001 last sell for?

AED 825,000 on 14 July 2009, sold by the developer: AED 519 per sqft for 1,589 sqft. It is the only registered sale of the unit.

What is the rent for unit 1001?

AED 160,000 a year on the contract signed on 4 August 2013. The previous contract, from November 2012, was AED 180,000.

How big is unit 1001?

1,589 sqft (147.6 sqm): a two-bedroom apartment on the 10th floor of a 11-storey tower completed in 2007.

What is unit 1001 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Shoreline - Khushkar sold for AED 3,150,000 to 5,300,000 in the last 12 months, around AED 2,547 per sqft.

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Mortgage on 1001, Shoreline - Khushkar

Starts from the last sale price (AED 825K, 14 July 2009). Switch to today's estimate once you have unlocked it.
Price
AED 825,000
Deposit, UAE resident (20%)
AED 165,000
Deposit, non-resident (40%)
AED 330,000
Monthly over 25 years at 3.7%
AED 3,375

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