2-bed · 1,551 sqftShoreline - Msalli, Palm Jumeirah · 7th floor

708, Shoreline - Msalli

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

Unit 708 · DLD and Ejari recordsUpdated 28 July 2023
Last soldAED 3.38M13 December 2022
Current rentAED 146K /yr28 July 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 708, Shoreline - Msalli

What is 708 worth today?

Last sold for AED 3,375,000 in 2022

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28 Jul 2023RentedNew contract
AED 146,001/yr5 months · AED 94 per sqft
13 Dec 2022SoldReady
AED 3,375,000AED 2,176 per sqft
28 Jul 2022RentedRenewal
AED 145,000/yr12 months · AED 94 per sqft
28 Jul 2021RentedNew contract
AED 145,000/yr12 months · AED 94 per sqft
16 Jul 2020RentedRenewal
AED 174,000/yr12 months · AED 112 per sqft
16 Jul 2019RentedRenewal
AED 186,000/yr12 months · AED 120 per sqft
16 Jul 2018RentedRenewal
AED 186,000/yr12 months · AED 120 per sqft
16 Jul 2017RentedRenewal
AED 200,000/yr12 months · AED 129 per sqft

Source: Dubai Land Department. Updated 28 July 2023.

Key facts

Type
2-bed apartment
Size
1,551 sqft
Floor
7th of 9
Parking
B2-130
Service charge
AED 22,900 /yr
Last sold
AED 3.38M · December 2022

About 708, Shoreline - Msalli

708 is a two-bedroom apartment of 1,551 sqft on the 7th floor of Shoreline - Msalli, a 9-storey tower in Palm Jumeirah. It last sold on 13 December 2022 for AED 3,375,000, or AED 2,176 per sqft, 7% above the AED 2,031 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, signed on 28 July 2023, is AED 146,001 a year: a gross yield of 4.3% on the 2022 price, before the service charge of about AED 22,900 a year.

Sales and rents for 708 over time

Sales
Unit 708, 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 895,000 (AED 577 per sqft)Sold, December 2022: AED 3,375,000 (AED 2,176 per sqft)

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

Rents
Unit 708, each contractTypical two-bed in Shoreline - Msalli
100K150K200K2012201620202024Typical 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 2013: AED 180,000 a yearRenewal, September 2014: AED 186,000 a yearNew contract, July 2015: AED 200,000 a yearRenewal, July 2016: AED 200,000 a yearRenewal, July 2017: AED 200,000 a yearRenewal, July 2018: AED 186,000 a yearRenewal, July 2019: AED 186,000 a yearRenewal, July 2020: AED 174,000 a yearNew contract, July 2021: AED 145,000 a yearRenewal, July 2022: AED 145,000 a yearNew contract, July 2023: AED 146,001 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 708 sits

All 54 2-beds →

708 last sold in December 2022 at AED 2,176 per sqft, 7% above what two-beds in Shoreline - Msalli were fetching at the time (AED 2,031). 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. 708's AED 146,001 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 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
7062-bedAED 1.15M · Apr 2009
7072-bedAED 4.2M · Feb 2023
1–7 of 11

708, Shoreline - Msalli in numbers

  • Sold twice: first on 30 April 2009 for AED 895,000, last on 13 December 2022 for AED 3,375,000 (AED 2,176 per sqft).
  • Rented since September 2013 on 11 Ejari contracts, from AED 180,000 to AED 146,001 a year.
  • At AED 146,001 a year the gross yield on the 2022 price is 4.3%, 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 28 July 2023.

Questions about 708, Shoreline - Msalli

What did unit 708 last sell for?

AED 3,375,000 on 13 December 2022: AED 2,176 per sqft for 1,551 sqft. The unit has 2 registered sales; the first was AED 895,000 in April 2009.

What is the rent for unit 708?

AED 146,001 a year on the contract signed on 28 July 2023. The previous contract, from July 2022, was AED 145,000; the unit has been rented since September 2013.

How big is unit 708?

1,551 sqft (144.1 sqm): a two-bedroom apartment on the 7th floor of a 9-storey tower.

What is unit 708 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 708, Shoreline - Msalli

Starts from the last sale price (AED 3.38M, 13 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 3,375,000
Deposit, UAE resident (20%)
AED 675,000
Deposit, non-resident (40%)
AED 1,350,000
Monthly over 25 years at 3.7%
AED 13,808

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