3-bed · 2,161 sqftShoreline - Msalli, Palm Jumeirah · 5th floor

510, Shoreline - Msalli

Sold prices and rental history: sold twice, last in May 2023, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 510 · DLD and Ejari recordsUpdated 18 May 2023
Last soldAED 4M18 May 2023
Current rentAED 155K /yr11 February 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 510, Shoreline - Msalli

What is 510 worth today?

Last sold for AED 4,000,000 in 2023

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18 May 2023SoldReady
AED 4,000,000AED 1,851 per sqft
11 Feb 2020RentedNew contract
AED 155,000/yr12 months · AED 72 per sqft
16 Oct 2017RentedRenewal
AED 191,500/yr12 months · AED 89 per sqft
16 Oct 2016RentedNew contract
AED 195,000/yr12 months · AED 91 per sqft
1 Sep 2015RentedNew contract
AED 215,000/yr12 months · AED 100 per sqft
27 Apr 2009Sold by developerReady
AED 1,250,000AED 578 per sqft

Source: Dubai Land Department. Updated 18 May 2023.

Key facts

Type
3-bed apartment
Size
2,161 sqft
Floor
5th of 9
Parking
1B2-105,1B2-106
Service charge
AED 31,900 /yr
Last sold
AED 4M · May 2023

About 510, Shoreline - Msalli

510 is a three-bedroom apartment of 2,161 sqft on the 5th floor of Shoreline - Msalli, a 9-storey tower in Palm Jumeirah. It last sold on 18 May 2023 for AED 4,000,000, or AED 1,851 per sqft, 30% above the AED 1,427 three-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 4 Ejari contracts. The current contract, signed on 11 February 2020, is AED 155,000 a year: a gross yield of 3.9% on the 2023 price, before the service charge of about AED 31,900 a year.

Sales and rents for 510 over time

Sales
Unit 510, each saleTypical three-bed in Shoreline - Msalli
2M4M2009201420192024Typical sale price by year: 2009 AED 1,275,000; 2010 AED 1,935,000; 2011 AED 1,275,000; 2013 AED 2,850,000; 2014 AED 3,025,000; 2018 AED 2,495,004; 2019 AED 2,000,000; 2020 AED 2,500,000; 2022 AED 2,625,000; 2023 AED 4,000,000; 2024 AED 4,105,000; 2025 AED 5,200,000; 2026 AED 4,780,000Sold by developer, April 2009: AED 1,250,000 (AED 578 per sqft)Sold, May 2023: AED 4,000,000 (AED 1,851 per sqft)

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

Rents
Unit 510, each contractTypical three-bed in Shoreline - Msalli
200K2012201620202024Typical rent by year: 2012 AED 168,750; 2013 AED 187,237; 2014 AED 210,472; 2015 AED 210,000; 2016 AED 200,000; 2017 AED 195,000; 2018 AED 180,000; 2019 AED 162,500; 2020 AED 135,000; 2021 AED 146,000; 2022 AED 162,525; 2023 AED 187,427; 2024 AED 207,181; 2025 AED 240,000; 2026 AED 255,000New contract, September 2015: AED 215,000 a yearNew contract, October 2016: AED 195,000 a yearRenewal, October 2017: AED 191,500 a yearNew contract, February 2020: AED 155,000 a year

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 510 sits

All 39 3-beds →

510 last sold in May 2023 at AED 1,851 per sqft, 30% above what three-beds in Shoreline - Msalli were fetching at the time (AED 1,427). 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. 510's AED 155,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
7 Oct 20264,780,000
1 May 20264,600,000
17 Feb 20265,200,000
27 Nov 20254,900,000
4 3-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

510, Shoreline - Msalli in numbers

  • Sold twice: first on 27 April 2009 for AED 1,250,000, last on 18 May 2023 for AED 4,000,000 (AED 1,851 per sqft).
  • Rented since September 2015 on 4 Ejari contracts, from AED 215,000 to AED 155,000 a year.
  • At AED 155,000 a year the gross yield on the 2023 price is 3.9%, before a service charge of about AED 31,900 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 18 May 2023.

Questions about 510, Shoreline - Msalli

What did unit 510 last sell for?

AED 4,000,000 on 18 May 2023: AED 1,851 per sqft for 2,161 sqft. The unit has 2 registered sales; the first was AED 1,250,000 in April 2009.

What is the rent for unit 510?

AED 155,000 a year on the contract signed on 11 February 2020. The previous contract, from October 2017, was AED 191,500; the unit has been rented since September 2015.

How big is unit 510?

2,161 sqft (200.8 sqm): a three-bedroom apartment on the 5th floor of a 9-storey tower.

What is unit 510 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 510, Shoreline - Msalli

Starts from the last sale price (AED 4M, 18 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 4,000,000
Deposit, UAE resident (20%)
AED 800,000
Deposit, non-resident (40%)
AED 1,600,000
Monthly over 25 years at 3.7%
AED 16,365

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