2-bed · 1,586 sqftShoreline - Msalli, Palm Jumeirah · 3rd floor

312, Shoreline - Msalli

Sold prices and rental history: sold twice, last in March 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 312 · DLD and Ejari recordsUpdated 1 September 2024
Last soldAED 2.15M16 March 2023
Current rentAED 215K /yr1 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 312, Shoreline - Msalli

What is 312 worth today?

Last sold for AED 2,150,000 in 2023

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1 Sep 2024RentedNew contract
AED 215,000/yr6 months · AED 136 per sqft
16 Mar 2023SoldReady
AED 2,150,000AED 1,355 per sqft
1 Feb 2023RentedRenewal
AED 85,000/yr12 months · AED 54 per sqft
1 Feb 2022RentedRenewal
AED 85,000/yr12 months · AED 54 per sqft
1 Feb 2021RentedNew contract
AED 85,000/yr12 months · AED 54 per sqft
1 Feb 2020RentedRenewal
AED 105,000/yr12 months · AED 66 per sqft
1 Feb 2019RentedNew contract
AED 130,000/yr12 months · AED 82 per sqft
1 Feb 2018RentedNew contract
AED 130,000/yr12 months · AED 82 per sqft

Source: Dubai Land Department. Updated 1 September 2024.

Key facts

Type
2-bed apartment
Size
1,586 sqft
Floor
3rd of 9
Parking
1B2-73
Service charge
AED 23,400 /yr
Last sold
AED 2.15M · March 2023

About 312, Shoreline - Msalli

312 is a two-bedroom apartment of 1,586 sqft on the 3rd floor of Shoreline - Msalli, a 9-storey tower in Palm Jumeirah. It last sold on 16 March 2023 for AED 2,150,000, or AED 1,355 per sqft, 10% below the AED 1,513 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 12 Ejari contracts. The current contract, signed on 1 September 2024, is AED 215,000 a year: a gross yield of 10.0% on the 2023 price, before the service charge of about AED 23,400 a year.

Sales and rents for 312 over time

Sales
Unit 312, 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, April 2009: AED 800,000 (AED 504 per sqft)Sold, March 2023: AED 2,150,000 (AED 1,355 per sqft)

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

Rents
Unit 312, 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, April 2013: AED 110,000 a yearNew contract, April 2014: AED 110,000 a yearNew contract, April 2015: AED 125,000 a yearNew contract, January 2016: AED 140,000 a yearRenewal, January 2017: AED 135,000 a yearNew contract, February 2018: AED 130,000 a yearNew contract, February 2019: AED 130,000 a yearRenewal, February 2020: AED 105,000 a yearNew contract, February 2021: AED 85,000 a yearRenewal, February 2022: AED 85,000 a yearRenewal, February 2023: AED 85,000 a yearNew contract, September 2024: AED 215,000 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 312 sits

All 54 2-beds →

312 last sold in March 2023 at AED 1,355 per sqft, 10% below what two-beds in Shoreline - Msalli were fetching at the time (AED 1,513). 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. 312's AED 215,000 is in the lower half 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 →

Other units on the 3rd floor

All 107 units in Shoreline - Msalli
Value
3012-bedAED 1.3M · Sep 2024
3023-bedAED 2.15M · Aug 2011
3033-bedAED 1.25M · Apr 2009
3041-bedAED 660K · Jul 2009
3052-bedAED 4M · Mar 2024
3062-bedAED 7.65M · Feb 2026
3072-bedAED 5.65M · Sep 2024
1–7 of 11

312, Shoreline - Msalli in numbers

  • Sold twice: first on 28 April 2009 for AED 800,000, last on 16 March 2023 for AED 2,150,000 (AED 1,355 per sqft).
  • Rented since April 2013 on 12 Ejari contracts. The rent fell from AED 110,000 to AED 85,000 in 2023 and recovered to AED 215,000 by September 2024.
  • At AED 215,000 a year the gross yield on the 2023 price is 10.0%, before a service charge of about AED 23,400 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 1 September 2024.

Questions about 312, Shoreline - Msalli

What did unit 312 last sell for?

AED 2,150,000 on 16 March 2023: AED 1,355 per sqft for 1,586 sqft. The unit has 2 registered sales; the first was AED 800,000 in April 2009.

What is the rent for unit 312?

AED 215,000 a year on the contract signed on 1 September 2024. The previous contract, from February 2023, was AED 85,000; the unit has been rented since April 2013.

How big is unit 312?

1,586 sqft (147.3 sqm): a two-bedroom apartment on the 3rd floor of a 9-storey tower.

What is unit 312 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 312, Shoreline - Msalli

Starts from the last sale price (AED 2.15M, 16 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,150,000
Deposit, UAE resident (20%)
AED 430,000
Deposit, non-resident (40%)
AED 860,000
Monthly over 25 years at 3.7%
AED 8,796

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