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2-bed · 2,000 sqftShoreline - Khushkar, Palm Jumeirah · 10th floor · completed 2007

1007, Shoreline - Khushkar

Sold prices and rental history: sold twice, last in October 2017, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1007 · DLD and Ejari recordsUpdated 21 October 2017
Last soldAED 2.18M9 October 2017
Current rentAED 140K /yr21 October 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1007, Shoreline - Khushkar

What is 1007 worth today?

Last sold for AED 2,175,000 in 2017

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21 Oct 2017RentedNew contract
AED 140,000/yr12 months · AED 70 per sqft
9 Oct 2017SoldReady
AED 2,175,000AED 1,087 per sqft
5 May 2015RentedNew contract
AED 160,000/yr12 months · AED 30 per sqft
5 May 2014RentedNew contract
AED 154,000/yr12 months · AED 29 per sqft
13 Jun 2013Sold by developerReady
AED 1,050,000AED 525 per sqft
5 May 2013RentedNew contract
AED 140,000/yr12 months · AED 27 per sqft

Source: Dubai Land Department. Updated 21 October 2017.

Key facts

Type
2-bed apartment
Size
2,000 sqft
Floor
10th of 11
Parking
B1-20
Developer
Nakheel
Completed
2007
Service charge
AED 31,400 /yr
Last sold
AED 2.18M · October 2017
Building
Shoreline - Khushkar

About 1007, Shoreline - Khushkar

1007 is a two-bedroom apartment of 2,000 sqft on the 10th floor of Shoreline - Khushkar, a 11-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 9 October 2017 for AED 2,175,000, or AED 1,087 per sqft, 7% below the AED 1,166 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, signed on 21 October 2017, is AED 140,000 a year: a gross yield of 6.4% on the 2017 price, before the service charge of about AED 31,400 a year.

Sales and rents for 1007 over time

Sales
Unit 1007, 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, June 2013: AED 1,050,000 (AED 525 per sqft)Sold, October 2017: AED 2,175,000 (AED 1,087 per sqft)

1007 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1007, 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, May 2013: AED 140,000 a yearNew contract, May 2014: AED 154,000 a yearNew contract, May 2015: AED 160,000 a yearNew contract, October 2017: AED 140,000 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 1007 sits

All 66 2-beds →

1007 last sold in October 2017 at AED 1,087 per sqft, 7% below what two-beds in Shoreline - Khushkar were fetching at the time (AED 1,166). 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. 1007's AED 140,000 is at the bottom 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
10012-bedAED 825K · Jul 2009
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
10082-bedAED 815K · Feb 2009
1–7 of 11

1007, Shoreline - Khushkar in numbers

  • Sold twice: first on 13 June 2013 for AED 1,050,000, last on 9 October 2017 for AED 2,175,000 (AED 1,087 per sqft).
  • Rented since May 2013 on 4 Ejari contracts, at AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2017 price is 6.4%, before a service charge of about AED 31,400 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 21 October 2017.

Questions about 1007, Shoreline - Khushkar

What did unit 1007 last sell for?

AED 2,175,000 on 9 October 2017: AED 1,087 per sqft for 2,000 sqft. The unit has 2 registered sales; the first was AED 1,050,000 in June 2013.

What is the rent for unit 1007?

AED 140,000 a year on the contract signed on 21 October 2017. The previous contract, from May 2015, was AED 160,000; the unit has been rented since May 2013.

How big is unit 1007?

2,000 sqft (185.8 sqm): a two-bedroom apartment on the 10th floor of a 11-storey tower completed in 2007.

What is unit 1007 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 1007, Shoreline - Khushkar

Starts from the last sale price (AED 2.18M, 9 October 2017). Switch to today's estimate once you have unlocked it.
Price
AED 2,175,000
Deposit, UAE resident (20%)
AED 435,000
Deposit, non-resident (40%)
AED 870,000
Monthly over 25 years at 3.7%
AED 8,899

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