2-bed · 2,019 sqftShoreline - Khushkar, Palm Jumeirah · 5th floor · completed 2007

507, Shoreline - Khushkar

Sold prices and rental history: sold 4 times, last in March 2021, and rented continuously 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 March 2021
Last soldAED 1.75M21 March 2021
Current rentAED 145K /yr1 February 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 507, Shoreline - Khushkar

What is 507 worth today?

Last sold for AED 1,750,000 in 2021

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21 Mar 2021SoldReady
AED 1,750,000AED 866 per sqft
4 Feb 2020SoldReady
AED 1,810,983AED 897 per sqft
2 Feb 2020SoldReady
AED 1,810,983AED 897 per sqft
1 Feb 2019RentedRenewal
AED 145,000/yr12 months · AED 72 per sqft
1 Feb 2018RentedNew contract
AED 145,000/yr12 months · AED 72 per sqft
1 Jun 2016RentedNew contract
AED 170,000/yr12 months · AED 84 per sqft
14 Nov 2015RentedNew contract
AED 185,000/yr12 months · AED 92 per sqft
18 Jun 2013RentedNew contract
AED 125,000/yr12 months · AED 62 per sqft

Source: Dubai Land Department. Updated 21 March 2021.

Key facts

Type
2-bed apartment
Size
2,019 sqft
Floor
5th of 11
Parking
B2-83
Developer
Nakheel
Completed
2007
Service charge
AED 31,700 /yr
Last sold
AED 1.75M · March 2021

About 507, Shoreline - Khushkar

507 is a two-bedroom apartment of 2,019 sqft on the 5th floor of Shoreline - Khushkar, a 11-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 21 March 2021 for AED 1,750,000, or AED 866 per sqft, 21% above the AED 713 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, renewed on 1 February 2019, is AED 145,000 a year: a gross yield of 8.3% on the 2021 price, before the service charge of about AED 31,700 a year.

Sales and rents for 507 over time

Sales
Unit 507, 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, April 2012: AED 1,025,000 (AED 507 per sqft)Sold, February 2020: AED 1,810,983 (AED 897 per sqft)Sold, February 2020: AED 1,810,983 (AED 897 per sqft)Sold, March 2021: AED 1,750,000 (AED 866 per sqft)

507 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 507, each contractTypical two-bed in Shoreline - Khushkar
100K150K200K20112015201920232027Typical 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, June 2013: AED 125,000 a yearNew contract, November 2015: AED 185,000 a yearNew contract, June 2016: AED 170,000 a yearNew contract, February 2018: AED 145,000 a yearRenewal, February 2019: AED 145,000 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 507 sits

All 66 2-beds →

507 last sold in March 2021 at AED 866 per sqft, 21% above what two-beds in Shoreline - Khushkar were fetching at the time (AED 713). 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. 507's AED 145,000 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 5th floor

All 132 units in Shoreline - Khushkar
Value
5012-bedAED 3.2M · Apr 2025
5023-bedAED 2.85M · Aug 2013
5033-bedAED 1.15M · Dec 2009
5041-bedAED 600K · Apr 2009
5052-bedAED 2.5M · Apr 2023
5062-bedAED 1.98M · Nov 2018
5082-bedAED 3.1M · Sep 2023
1–7 of 11

507, Shoreline - Khushkar in numbers

  • Sold 4 times: first on 23 April 2012 for AED 1,025,000, last on 21 March 2021 for AED 1,750,000 (AED 866 per sqft).
  • Rented since June 2013 on 5 Ejari contracts, from AED 125,000 to AED 145,000 a year.
  • At AED 145,000 a year the gross yield on the 2021 price is 8.3%, before a service charge of about AED 31,700 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 March 2021.

Questions about 507, Shoreline - Khushkar

What did unit 507 last sell for?

AED 1,750,000 on 21 March 2021: AED 866 per sqft for 2,019 sqft. The unit has 4 registered sales; the first was AED 1,025,000 in April 2012.

What is the rent for unit 507?

AED 145,000 a year on the contract renewed on 1 February 2019. The previous contract, from February 2018, was AED 145,000; the unit has been rented since June 2013.

How big is unit 507?

2,019 sqft (187.6 sqm): a two-bedroom apartment on the 5th floor of a 11-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 - 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 507, Shoreline - Khushkar

Starts from the last sale price (AED 1.75M, 21 March 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,750,000
Deposit, UAE resident (20%)
AED 350,000
Deposit, non-resident (40%)
AED 700,000
Monthly over 25 years at 3.7%
AED 7,160

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