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

508, Shoreline - Khushkar

Sold prices and rental history: sold twice, last in September 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 508 · DLD and Ejari recordsUpdated 26 September 2023
Last soldAED 3.1M26 September 2023
Current rentAED 105K /yr2 April 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 508, Shoreline - Khushkar

What is 508 worth today?

Last sold for AED 3,100,000 in 2023

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26 Sep 2023SoldReady
AED 3,100,000AED 1,999 per sqft
2 Apr 2020RentedRenewal
AED 105,000/yr12 months · AED 68 per sqft
2 Apr 2017RentedNew contract
AED 130,000/yr12 months · AED 84 per sqft
24 Jan 2016RentedRenewal
AED 175,000/yr12 months · AED 113 per sqft
24 Jan 2015RentedNew contract
AED 175,000/yr12 months · AED 113 per sqft
1 Jun 2014RentedNew contract
AED 164,926/yr7 months · AED 106 per sqft
26 Jan 2010Sold by developerReady
AED 3,000,000AED 1,934 per sqft

Source: Dubai Land Department. Updated 26 September 2023.

Key facts

Type
2-bed apartment
Size
1,551 sqft
Floor
5th of 11
Parking
B2-84
Developer
Nakheel
Completed
2007
Service charge
AED 24,300 /yr
Last sold
AED 3.1M · September 2023

About 508, Shoreline - Khushkar

508 is a two-bedroom apartment of 1,551 sqft on the 5th floor of Shoreline - Khushkar, a 11-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 26 September 2023 for AED 3,100,000, or AED 1,999 per sqft, 36% above the AED 1,472 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, renewed on 2 April 2020, is AED 105,000 a year: a gross yield of 3.4% on the 2023 price, before the service charge of about AED 24,300 a year.

Sales and rents for 508 over time

Sales
Unit 508, 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, January 2010: AED 3,000,000 (AED 1,934 per sqft)Sold, September 2023: AED 3,100,000 (AED 1,999 per sqft)

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

Rents
Unit 508, 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, June 2014: AED 164,926 a yearNew contract, January 2015: AED 175,000 a yearRenewal, January 2016: AED 175,000 a yearNew contract, April 2017: AED 130,000 a yearRenewal, April 2020: AED 105,000 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 508 sits

All 66 2-beds →

508 last sold in September 2023 at AED 1,999 per sqft, 36% above what two-beds in Shoreline - Khushkar were fetching at the time (AED 1,472). 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. 508's AED 105,000 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 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
5072-bedAED 1.75M · Mar 2021
1–7 of 11

508, Shoreline - Khushkar in numbers

  • Sold twice: first on 26 January 2010 for AED 3,000,000, last on 26 September 2023 for AED 3,100,000 (AED 1,999 per sqft).
  • Rented since June 2014 on 5 Ejari contracts, from AED 164,926 to AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2023 price is 3.4%, 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 26 September 2023.

Questions about 508, Shoreline - Khushkar

What did unit 508 last sell for?

AED 3,100,000 on 26 September 2023: AED 1,999 per sqft for 1,551 sqft. The unit has 2 registered sales; the first was AED 3,000,000 in January 2010.

What is the rent for unit 508?

AED 105,000 a year on the contract renewed on 2 April 2020. The previous contract, from April 2017, was AED 130,000; the unit has been rented since June 2014.

How big is unit 508?

1,551 sqft (144.1 sqm): a two-bedroom apartment on the 5th floor of a 11-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 - 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 508, Shoreline - Khushkar

Starts from the last sale price (AED 3.1M, 26 September 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,100,000
Deposit, UAE resident (20%)
AED 620,000
Deposit, non-resident (40%)
AED 1,240,000
Monthly over 25 years at 3.7%
AED 12,683

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