1-bed · 1,145 sqftShoreline - Msalli, Palm Jumeirah · 4th floor

409, Shoreline - Msalli

Sold prices and rental history: sold twice, last in November 2022, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 409 · DLD and Ejari recordsUpdated 14 November 2022
Last soldAED 2.4M14 November 2022
Current rentAED 110K /yr14 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 409, Shoreline - Msalli

What is 409 worth today?

Last sold for AED 2,400,000 in 2022

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14 Nov 2022SoldReady
AED 2,400,000AED 2,095 per sqft
14 Nov 2022RentedNew contract
AED 109,890/yr10 months · AED 96 per sqft
7 Sep 2022RentedRenewal
AED 110,000/yr12 months · AED 96 per sqft
7 Sep 2021RentedNew contract
AED 100,000/yr12 months · AED 88 per sqft
17 Sep 2020RentedNew contract
AED 75,000/yr12 months · AED 66 per sqft
14 Dec 2019RentedRenewal
AED 120,000/yr6 months · AED 105 per sqft
14 Dec 2018RentedNew contract
AED 126,000/yr12 months · AED 110 per sqft
1 Nov 2017RentedRenewal
AED 135,000/yr12 months · AED 118 per sqft

Source: Dubai Land Department. Updated 14 November 2022.

Key facts

Type
1-bed apartment
Size
1,145 sqft
Floor
4th of 9
Parking
B2-58
Service charge
AED 16,900 /yr
Last sold
AED 2.4M · November 2022

About 409, Shoreline - Msalli

409 is a one-bedroom apartment of 1,145 sqft on the 4th floor of Shoreline - Msalli, a 9-storey tower in Palm Jumeirah. It last sold on 14 November 2022 for AED 2,400,000, or AED 2,095 per sqft.

It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, signed on 14 November 2022, is AED 109,890 a year: a gross yield of 4.6% on the 2022 price, before the service charge of about AED 16,900 a year.

Sales and rents for 409 over time

Sales
Unit 409, each saleTypical one-bed in Shoreline - Msalli
1M2M3M2009201320172021Typical sale price by year: 2009 AED 685,000; 2012 AED 1,362,500; 2013 AED 1,350,000; 2014 AED 2,100,000; 2023 AED 2,760,000Sold by developer, December 2010: AED 660,000 (AED 576 per sqft)Sold, November 2022: AED 2,400,000 (AED 2,095 per sqft)

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

Rents
Unit 409, each contractTypical one-bed in Shoreline - Msalli
100K150K2013201720212025Typical rent by year: 2013 AED 110,000; 2014 AED 130,000; 2015 AED 135,000; 2016 AED 130,000; 2017 AED 130,000; 2018 AED 123,000; 2019 AED 106,500; 2020 AED 93,000; 2021 AED 93,500; 2022 AED 104,860; 2023 AED 118,529; 2024 AED 138,000; 2025 AED 150,000; 2026 AED 145,000New contract, September 2013: AED 125,000 a yearNew contract, September 2014: AED 135,000 a yearRenewal, September 2015: AED 135,000 a yearNew contract, November 2016: AED 135,000 a yearRenewal, November 2017: AED 135,000 a yearNew contract, December 2018: AED 126,000 a yearRenewal, December 2019: AED 120,000 a yearNew contract, September 2020: AED 75,000 a yearNew contract, September 2021: AED 100,000 a yearRenewal, September 2022: AED 110,000 a yearNew contract, November 2022: AED 109,890 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Shoreline - Msalli, and where 409 sits

All 23 1-beds →

409's AED 109,890 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
20 Feb 20252,871,000
30 Dec 20243,472,000
8 Mar 20243,100,000
13 Nov 20232,760,000
0 1-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 4th floor

All 107 units in Shoreline - Msalli
Value
4012-bedAED 3.05M · Jan 2024
4023-bedAED 2.45M · Mar 2013
4033-bedAED 2.5M · Aug 2022
4041-bedAED 2.97M · Aug 2023
4052-bedAED 3.3M · Feb 2014
4062-bedAED 6.2M · Sep 2024
4072-bedAED 1.05M · Apr 2009
1–7 of 11

409, Shoreline - Msalli in numbers

  • Sold twice: first on 14 December 2010 for AED 660,000, last on 14 November 2022 for AED 2,400,000 (AED 2,095 per sqft).
  • Rented since September 2013 on 11 Ejari contracts. The rent fell from AED 125,000 to AED 75,000 in 2020 and recovered to AED 109,890 by November 2022.
  • At AED 109,890 a year the gross yield on the 2022 price is 4.6%, before a service charge of about AED 16,900 a year (AED 14.75 per sqft).

Source: Dubai Land Department. Updated 14 November 2022.

Questions about 409, Shoreline - Msalli

What did unit 409 last sell for?

AED 2,400,000 on 14 November 2022: AED 2,095 per sqft for 1,145 sqft. The unit has 2 registered sales; the first was AED 660,000 in December 2010.

What is the rent for unit 409?

AED 109,890 a year on the contract signed on 14 November 2022. The previous contract, from September 2022, was AED 110,000; the unit has been rented since September 2013.

How big is unit 409?

1,145 sqft (106.4 sqm): a one-bedroom apartment on the 4th floor of a 9-storey tower.

What is unit 409 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 409, Shoreline - Msalli

Starts from the last sale price (AED 2.4M, 14 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,400,000
Deposit, UAE resident (20%)
AED 480,000
Deposit, non-resident (40%)
AED 960,000
Monthly over 25 years at 3.7%
AED 9,819

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