502, Shoreline - Msalli
Sold prices and rental history: sold twice, last in June 2024, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 502, Shoreline - Msalli
What is 502 worth today?
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Source: Dubai Land Department. Updated 4 June 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 2,221 sqft
- Floor
- 5th of 9
- Parking
- 1B2-53,1B2-54
- Service charge
- AED 32,800 /yr
- Last sold
- AED 4.5M · June 2024
- Building
- Shoreline - Msalli
About 502, Shoreline - Msalli
502 is a three-bedroom apartment of 2,221 sqft on the 5th floor of Shoreline - Msalli, a 9-storey tower in Palm Jumeirah. It last sold on 4 June 2024 for AED 4,500,000, or AED 2,025 per sqft, 10% above the AED 1,833 three-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 12 Ejari contracts. The current contract, signed on 10 July 2023, is AED 230,000 a year: a gross yield of 5.1% on the 2024 price, before the service charge of about AED 32,800 a year.
Sales and rents for 502 over time
502 has sold twice; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Shoreline - Msalli, and where 502 sits
All 39 3-beds →502 last sold in June 2024 at AED 2,025 per sqft, 10% above what three-beds in Shoreline - Msalli were fetching at the time (AED 1,833). Over the last 12 months three-beds sold for AED 4,600,000 to 5,200,000, around AED 2,199 per sqft, and rent for AED 199,690 to 300,000 a year. 502's AED 230,000 is in the lower half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Oct 20267 October 2026 | 2,200 sqft | 4,780,000 | 2,172 | ||
| 1 May 20261 May 2026 | 2,200 sqft | 4,600,000 | 2,090 | ||
| 17 Feb 202617 February 2026 | 2,181 sqft | 5,200,000 | 2,383 | ||
| 27 Nov 202527 November 2025 | 2,200 sqft | 4,900,000 | 2,226 |
Shoreline - Msalli
Building107 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%
Other units on the 5th floor
All 107 units in Shoreline - Msalli| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,563 sqft | AED 800KAED 800,000 · Feb 2012February 2012 | 190,000 /yr | |
| 503 | 3-bed | 2,160 sqft | AED 2.5MAED 2,500,000 · Oct 2018October 2018 | 180,000 /yr | |
| 504 | 1-bed | 1,145 sqft | AED 2.8MAED 2,800,000 · Sep 2022September 2022 | 140,000 /yr | |
| 505 | 2-bed | 1,551 sqft | AED 4.1MAED 4,100,000 · Aug 2024August 2024 | 120,000 /yr | |
| 506 | 2-bed | 2,000 sqft | AED 1.05MAED 1,050,000 · Apr 2009April 2009 | 310,000 /yr | |
| 507 | 2-bed | 2,014 sqft | AED 1.05MAED 1,050,000 · Apr 2009April 2009 | ||
| 508 | 2-bed | 1,551 sqft | AED 870KAED 870,000 · Apr 2009April 2009 | 80,000 /yr | |
| 509 | 1-bed | 1,145 sqft | AED 1.75MAED 1,750,000 · Aug 2021August 2021 | 180,000 /yr | |
| 510 | 3-bed | 2,161 sqft | AED 4MAED 4,000,000 · May 2023May 2023 | 155,000 /yr | |
| 511 | 3-bed | 2,200 sqft | AED 4.6MAED 4,600,000 · May 2026May 2026 | 225,000 /yr | |
| 512 | 2-bed | 1,583 sqft | AED 800KAED 800,000 · Apr 2009April 2009 | 180,000 /yr |
502, Shoreline - Msalli in numbers
- Sold twice: first on 29 April 2009 for AED 1,150,000, last on 4 June 2024 for AED 4,500,000 (AED 2,025 per sqft).
- Rented since November 2012 on 12 Ejari contracts. The rent fell from AED 170,000 to AED 125,000 in 2020 and recovered to AED 230,000 by July 2023.
- At AED 230,000 a year the gross yield on the 2024 price is 5.1%, before a service charge of about AED 32,800 a year (AED 14.75 per sqft).
- Three-beds in Shoreline - Msalli sold for AED 4,600,000–5,200,000 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 4 June 2024.
Questions about 502, Shoreline - Msalli
What did unit 502 last sell for?
AED 4,500,000 on 4 June 2024: AED 2,025 per sqft for 2,221 sqft. The unit has 2 registered sales; the first was AED 1,150,000 in April 2009.
What is the rent for unit 502?
AED 230,000 a year on the contract signed on 10 July 2023. The previous contract, from July 2022, was AED 148,500; the unit has been rented since November 2012.
How big is unit 502?
2,221 sqft (206.3 sqm): a three-bedroom apartment on the 5th floor of a 9-storey tower.
What is unit 502 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Shoreline - Msalli sold for AED 4,600,000 to 5,200,000 in the last 12 months, around AED 2,199 per sqft.
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Mortgage on 502, Shoreline - Msalli
Starts from the last sale price (AED 4.5M, 4 June 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 4,500,000
- Deposit, UAE resident (20%)
- AED 900,000
- Deposit, non-resident (40%)
- AED 1,800,000
- Monthly over 25 years at 3.7%
- AED 18,411
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →