2-bed · 1,551 sqftShoreline - Khushkar, Palm Jumeirah · 4th floor · completed 2007

408, Shoreline - Khushkar

Sold prices and rental history: sold twice, last in November 2022, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 408 · DLD and Ejari recordsUpdated 24 November 2022
Last soldAED 2.1M24 November 2022
Current rentAED 85K /yr26 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 408, Shoreline - Khushkar

What is 408 worth today?

Last sold for AED 2,100,000 in 2022

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24 Nov 2022SoldReady
AED 2,100,000AED 1,354 per sqft
26 Aug 2021RentedNew contract
AED 85,000/yr12 months · AED 55 per sqft
24 Apr 2020RentedRenewal
AED 100,000/yr12 months · AED 65 per sqft
24 Apr 2019RentedNew contract
AED 100,000/yr12 months · AED 65 per sqft
14 Feb 2011Sold by developerReady
AED 1,435,000AED 925 per sqft

Source: Dubai Land Department. Updated 24 November 2022.

Key facts

Type
2-bed apartment
Size
1,551 sqft
Floor
4th of 11
Parking
B2-68
Developer
Nakheel
Completed
2007
Service charge
AED 24,300 /yr
Last sold
AED 2.1M · November 2022

About 408, Shoreline - Khushkar

408 is a two-bedroom apartment of 1,551 sqft on the 4th floor of Shoreline - Khushkar, a 11-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 24 November 2022 for AED 2,100,000, or AED 1,354 per sqft, 10% above the AED 1,228 two-beds in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 26 August 2021, is AED 85,000 a year: a gross yield of 4.0% on the 2022 price, before the service charge of about AED 24,300 a year.

Sales and rents for 408 over time

Sales
Unit 408, 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, February 2011: AED 1,435,000 (AED 925 per sqft)Sold, November 2022: AED 2,100,000 (AED 1,354 per sqft)

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

Rents
Unit 408, 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, April 2019: AED 100,000 a yearRenewal, April 2020: AED 100,000 a yearNew contract, August 2021: AED 85,000 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 408 sits

All 66 2-beds →

408 last sold in November 2022 at AED 1,354 per sqft, 10% above what two-beds in Shoreline - Khushkar were fetching at the time (AED 1,228). 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. 408's AED 85,000 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 4th floor

All 132 units in Shoreline - Khushkar
Value
4012-bedAED 1.85M · Mar 2017
4023-bedAED 3M · Jul 2022
4033-bedAED 1.8M · Jan 2011
4041-bedAED 600K · Apr 2009
4052-bedAED 4M · Apr 2026
4062-bedAED 2.1M · Sep 2017
4072-bedAED 5.1M · Jun 2024
1–7 of 11

408, Shoreline - Khushkar in numbers

  • Sold twice: first on 14 February 2011 for AED 1,435,000, last on 24 November 2022 for AED 2,100,000 (AED 1,354 per sqft).
  • Rented since April 2019 on 3 Ejari contracts, from AED 100,000 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2022 price is 4.0%, before a service charge of about AED 24,300 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 24 November 2022.

Questions about 408, Shoreline - Khushkar

What did unit 408 last sell for?

AED 2,100,000 on 24 November 2022: AED 1,354 per sqft for 1,551 sqft. The unit has 2 registered sales; the first was AED 1,435,000 in February 2011.

What is the rent for unit 408?

AED 85,000 a year on the contract signed on 26 August 2021. The previous contract, from April 2020, was AED 100,000; the unit has been rented since April 2019.

How big is unit 408?

1,551 sqft (144.1 sqm): a two-bedroom apartment on the 4th floor of a 11-storey tower completed in 2007.

What is unit 408 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 408, Shoreline - Khushkar

Starts from the last sale price (AED 2.1M, 24 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,100,000
Deposit, UAE resident (20%)
AED 420,000
Deposit, non-resident (40%)
AED 840,000
Monthly over 25 years at 3.7%
AED 8,592

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