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2-bed · 1,551 sqftShoreline - Msalli, Palm Jumeirah · 5th floor

508, Shoreline - Msalli

Sold prices and rental history: sold once, by the developer in April 2009, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 508 · DLD and Ejari recordsUpdated 1 December 2019
Last soldAED 870K29 April 2009
Current rentAED 80K /yr1 December 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 508, Shoreline - Msalli

What is 508 worth today?

Last sold for AED 870,000 in 2009

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1 Dec 2019RentedNew contract
AED 80,000/yr12 months · AED 52 per sqft
10 Nov 2018RentedNew contract
AED 155,000/yr12 months · AED 100 per sqft
5 Sep 2018RentedNew contract
AED 150,000/yr12 months · AED 97 per sqft
29 Apr 2009Sold by developerReady
AED 870,000AED 560 per sqft

Source: Dubai Land Department. Updated 1 December 2019.

Key facts

Type
2-bed apartment
Size
1,551 sqft
Floor
5th of 9
Parking
B2-45
Service charge
AED 22,900 /yr
Last sold
AED 870K · April 2009
Building
Shoreline - Msalli

About 508, Shoreline - Msalli

508 is a two-bedroom apartment of 1,551 sqft on the 5th floor of Shoreline - Msalli, a 9-storey tower in Palm Jumeirah. The developer sold it on 29 April 2009 for AED 870,000, or AED 560 per sqft, 6% above the AED 526 two-beds in the building were fetching at the time.

It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 1 December 2019, is AED 80,000 a year: a gross yield of 9.2% on the 2009 price, before the service charge of about AED 22,900 a year.

Sales and rents for 508 over time

Sales
Unit 508, 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 870,000 (AED 560 per sqft)

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

Rents
Unit 508, 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, September 2018: AED 150,000 a yearNew contract, November 2018: AED 155,000 a yearNew contract, December 2019: AED 80,000 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 508 sits

All 54 2-beds →

508 last sold in April 2009 at AED 560 per sqft, 6% above what two-beds in Shoreline - Msalli were fetching at the time (AED 526). 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. 508's AED 80,000 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 →

Other units on the 5th floor

All 107 units in Shoreline - Msalli
Value
5012-bedAED 800K · Feb 2012
5023-bedAED 4.5M · Jun 2024
5033-bedAED 2.5M · Oct 2018
5041-bedAED 2.8M · Sep 2022
5052-bedAED 4.1M · Aug 2024
5062-bedAED 1.05M · Apr 2009
5072-bedAED 1.05M · Apr 2009
1–7 of 11

508, Shoreline - Msalli in numbers

  • Sold once: by the developer on 29 April 2009 for AED 870,000, or AED 560 per sqft.
  • Rented since September 2018 on 3 Ejari contracts, from AED 150,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2009 price is 9.2%, 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 1 December 2019.

Questions about 508, Shoreline - Msalli

What did unit 508 last sell for?

AED 870,000 on 29 April 2009, sold by the developer: AED 560 per sqft for 1,551 sqft. It is the only registered sale of the unit.

What is the rent for unit 508?

AED 80,000 a year on the contract signed on 1 December 2019. The previous contract, from November 2018, was AED 155,000; the unit has been rented since September 2018.

How big is unit 508?

1,551 sqft (144.1 sqm): a two-bedroom apartment on the 5th floor of a 9-storey tower.

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 - 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 508, Shoreline - Msalli

Starts from the last sale price (AED 870K, 29 April 2009). Switch to today's estimate once you have unlocked it.
Price
AED 870,000
Deposit, UAE resident (20%)
AED 174,000
Deposit, non-resident (40%)
AED 348,000
Monthly over 25 years at 3.7%
AED 3,559

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