2-bed · 1,551 sqftShoreline - Msalli, Palm Jumeirah

1005, Shoreline - Msalli

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

Unit 1005 · DLD and Ejari recordsUpdated 20 October 2023
Last soldAED 3.83M8 July 2009
Current rentAED 110K /yr20 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1005, Shoreline - Msalli

What is 1005 worth today?

Last sold for AED 3,829,000 in 2009

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20 Oct 2023RentedRenewal
AED 110,000/yr24 months · AED 71 per sqft
20 Oct 2021RentedRenewal
AED 110,000/yr24 months · AED 71 per sqft
20 Oct 2019RentedRenewal
AED 110,000/yr24 months · AED 71 per sqft
20 Oct 2018RentedRenewal
AED 120,000/yr12 months · AED 77 per sqft
20 Oct 2017RentedRenewal
AED 120,000/yr12 months · AED 77 per sqft
20 Oct 2016RentedRenewal
AED 120,000/yr12 months · AED 77 per sqft
20 Oct 2015RentedRenewal
AED 120,000/yr12 months · AED 77 per sqft
20 Oct 2014RentedNew contract
AED 180,000/yr12 months · AED 116 per sqft

Source: Dubai Land Department. Updated 20 October 2023.

Key facts

Type
2-bed apartment
Size
1,551 sqft
Parking
B2-143
Service charge
AED 22,900 /yr
Last sold
AED 3.83M · July 2009

About 1005, Shoreline - Msalli

1005 is a two-bedroom apartment of 1,551 sqft of Shoreline - Msalli, a 9-storey tower in Palm Jumeirah. The developer sold it on 8 July 2009 for AED 3,829,000, or AED 2,468 per sqft, 341% above the AED 560 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 10 Ejari contracts. The current contract, renewed on 20 October 2023, is AED 110,000 a year: a gross yield of 2.9% on the 2009 price, before the service charge of about AED 22,900 a year.

Sales and rents for 1005 over time

Sales
Unit 1005, each saleTypical two-bed in Shoreline - Msalli
05M2009201420192024Typical sale price by year: 2009 AED 895,000; 2010 AED 1,435,000; 2011 AED 2,150,000; 2012 AED 1,437,500; 2013 AED 3,005,000; 2017 AED 2,900,000; 2019 AED 1,875,000; 2021 AED 1,840,000; 2022 AED 3,375,000; 2023 AED 3,300,000; 2024 AED 4,500,000; 2025 AED 4,400,000; 2026 AED 6,650,000Sold by developer, July 2009: AED 3,829,000 (AED 2,468 per sqft)

1005 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1005, each contractTypical two-bed in Shoreline - Msalli
100K200K2012201620202024Typical rent by year: 2012 AED 148,750; 2013 AED 163,000; 2014 AED 177,500; 2015 AED 177,500; 2016 AED 170,000; 2017 AED 162,500; 2018 AED 155,000; 2019 AED 142,500; 2020 AED 117,500; 2021 AED 127,500; 2022 AED 140,000; 2023 AED 172,500; 2024 AED 182,500; 2025 AED 220,000; 2026 AED 225,000New contract, October 2012: AED 150,000 a yearNew contract, October 2013: AED 165,000 a yearNew contract, October 2014: AED 180,000 a yearRenewal, October 2015: AED 120,000 a yearRenewal, October 2016: AED 120,000 a yearRenewal, October 2017: AED 120,000 a yearRenewal, October 2018: AED 120,000 a yearRenewal, October 2019: AED 110,000 a yearRenewal, October 2021: AED 110,000 a yearRenewal, October 2023: AED 110,000 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 - Msalli, and where 1005 sits

All 54 2-beds →

1005 last sold in July 2009 at AED 2,468 per sqft, 341% above what two-beds in Shoreline - Msalli were fetching at the time (AED 560). Over the last 12 months two-beds sold for AED 3,850,000 to 7,650,500, around AED 3,435 per sqft, and rent for AED 160,000 to 380,000 a year. 1005's AED 110,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
26 Oct 20266,850,000
9 Sep 20266,450,000
1 Jun 20264,700,000
23 Feb 20267,650,500
7 2-bed sales in the last 12 months

Shoreline - Msalli

Building

107 apartments, 1-bed to 5-bed over 9 floors in Palm Jumeirah. 11 sold in the last 12 months.

Typical price per sqft
AED 3,030 Up 9.3%
Typical sale
AED 5.2M
Typical rent
AED 223K /yr
Typical yield
4.1%
Shoreline - Msalli, Palm Jumeirah: prices, sales and rents →

1005, Shoreline - Msalli in numbers

  • Sold once: by the developer on 8 July 2009 for AED 3,829,000, or AED 2,468 per sqft.
  • Rented since October 2012 on 10 Ejari contracts, from AED 150,000 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2009 price is 2.9%, before a service charge of about AED 22,900 a year (AED 14.75 per sqft).
  • Two-beds in Shoreline - Msalli sold for AED 3,850,000–7,650,500 in the 12 months to November 2026; the building's median across all types is AED 3,030 per sqft.

Source: Dubai Land Department. Updated 20 October 2023.

Questions about 1005, Shoreline - Msalli

What did unit 1005 last sell for?

AED 3,829,000 on 8 July 2009, sold by the developer: AED 2,468 per sqft for 1,551 sqft. It is the only registered sale of the unit.

What is the rent for unit 1005?

AED 110,000 a year on the contract renewed on 20 October 2023. The previous contract, from October 2021, was AED 110,000; the unit has been rented since October 2012.

How big is unit 1005?

1,551 sqft (144.1 sqm): a two-bedroom apartment of a 9-storey tower.

What is unit 1005 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Shoreline - Msalli sold for AED 3,850,000 to 7,650,500 in the last 12 months, around AED 3,435 per sqft.

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Mortgage on 1005, Shoreline - Msalli

Starts from the last sale price (AED 3.83M, 8 July 2009). Switch to today's estimate once you have unlocked it.
Price
AED 3,829,000
Deposit, UAE resident (20%)
AED 765,800
Deposit, non-resident (40%)
AED 1,531,600
Monthly over 25 years at 3.7%
AED 15,666

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