2-bed · 1,994 sqftShoreline - Msalli, Palm Jumeirah · 7th floor

706, Shoreline - Msalli

Sold prices and rental history: sold once, by the developer in April 2009, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 706 · DLD and Ejari recordsUpdated 18 November 2024
Last soldAED 1.15M30 April 2009
Current rentAED 180K /yr18 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 706, Shoreline - Msalli

What is 706 worth today?

Last sold for AED 1,150,000 in 2009

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

18 Nov 2024RentedRenewal
AED 180,000/yr12 months · AED 90 per sqft
18 Nov 2023RentedRenewal
AED 165,000/yr12 months · AED 82 per sqft
18 Nov 2022RentedRenewal
AED 155,000/yr12 months · AED 77 per sqft
18 Nov 2021RentedRenewal
AED 155,000/yr12 months · AED 77 per sqft
18 Oct 2020RentedRenewal
AED 143,077/yr13 months · AED 71 per sqft
18 Oct 2019RentedRenewal
AED 160,000/yr12 months · AED 80 per sqft
18 Oct 2018RentedNew contract
AED 160,000/yr12 months · AED 80 per sqft
25 May 2017RentedRenewal
AED 240,000/yr12 months · AED 120 per sqft

Source: Dubai Land Department. Updated 18 November 2024.

Key facts

Type
2-bed apartment
Size
1,994 sqft
Floor
7th of 9
Parking
B2-79
Service charge
AED 29,400 /yr
Last sold
AED 1.15M · April 2009

About 706, Shoreline - Msalli

706 is a two-bedroom apartment of 1,994 sqft on the 7th floor of Shoreline - Msalli, a 9-storey tower in Palm Jumeirah. The developer sold it on 30 April 2009 for AED 1,150,000, or AED 576 per sqft, in line with the AED 560 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 12 Ejari contracts. The current contract, renewed on 18 November 2024, is AED 180,000 a year: a gross yield of 15.7% on the 2009 price, before the service charge of about AED 29,400 a year.

Sales and rents for 706 over time

Sales
Unit 706, 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 1,150,000 (AED 576 per sqft)

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

Rents
Unit 706, 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, May 2013: AED 185,000 a yearNew contract, May 2014: AED 185,000 a yearRenewal, May 2015: AED 185,000 a yearRenewal, May 2016: AED 240,000 a yearRenewal, May 2017: AED 240,000 a yearNew contract, October 2018: AED 160,000 a yearRenewal, October 2019: AED 160,000 a yearRenewal, October 2020: AED 143,077 a yearRenewal, November 2021: AED 155,000 a yearRenewal, November 2022: AED 155,000 a yearRenewal, November 2023: AED 165,000 a yearRenewal, November 2024: AED 180,000 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 706 sits

All 54 2-beds →

706 last sold in April 2009 at AED 576 per sqft, in line with what two-beds in Shoreline - Msalli were fetching at the time (AED 560). 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. 706's AED 180,000 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 7th floor

All 107 units in Shoreline - Msalli
Value
7012-bedAED 1.94M · May 2017
7023-bedAED 2M · Apr 2009
7033-bedAED 1.28M · Apr 2009
7041-bedAED 685K · Apr 2009
7052-bedAED 895K · Apr 2009
7072-bedAED 4.2M · Feb 2023
7082-bedAED 3.38M · Dec 2022
1–7 of 11

706, Shoreline - Msalli in numbers

  • Sold once: by the developer on 30 April 2009 for AED 1,150,000, or AED 576 per sqft.
  • Rented since May 2013 on 12 Ejari contracts. The rent fell from AED 185,000 to AED 143,077 in 2020 and recovered to AED 180,000 by November 2024.
  • At AED 180,000 a year the gross yield on the 2009 price is 15.7%, before a service charge of about AED 29,400 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 18 November 2024.

Questions about 706, Shoreline - Msalli

What did unit 706 last sell for?

AED 1,150,000 on 30 April 2009, sold by the developer: AED 576 per sqft for 1,994 sqft. It is the only registered sale of the unit.

What is the rent for unit 706?

AED 180,000 a year on the contract renewed on 18 November 2024. The previous contract, from November 2023, was AED 165,000; the unit has been rented since May 2013.

How big is unit 706?

1,994 sqft (185.2 sqm): a two-bedroom apartment on the 7th floor of a 9-storey tower.

What is unit 706 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.

Selling 706? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 706, Shoreline - Msalli

Starts from the last sale price (AED 1.15M, 30 April 2009). Switch to today's estimate once you have unlocked it.
Price
AED 1,150,000
Deposit, UAE resident (20%)
AED 230,000
Deposit, non-resident (40%)
AED 460,000
Monthly over 25 years at 3.7%
AED 4,705

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