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1-bed · 1,145 sqftShoreline - Msalli, Palm Jumeirah · 7th floor

709, Shoreline - Msalli

Sold prices and rental history: sold once, by the developer in April 2009, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 709 · DLD and Ejari recordsUpdated 2 November 2024
Last soldAED 685K30 April 2009
Current rentAED 138K /yr2 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 709, Shoreline - Msalli

What is 709 worth today?

Last sold for AED 685,000 in 2009

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2 Nov 2024RentedNew contract
AED 138,000/yr12 months · AED 120 per sqft
26 Jan 2023RentedRenewal
AED 107,500/yr12 months · AED 94 per sqft
26 Jan 2022RentedRenewal
AED 93,500/yr12 months · AED 82 per sqft
26 Jan 2021RentedNew contract
AED 85,000/yr12 months · AED 74 per sqft
15 Jun 2020RentedRenewal
AED 84,000/yr6 months · AED 74 per sqft
15 Jun 2019RentedNew contract
AED 92,000/yr12 months · AED 81 per sqft
20 Jan 2017RentedRenewal
AED 140,000/yr12 months · AED 123 per sqft
20 Jan 2016RentedRenewal
AED 140,000/yr12 months · AED 123 per sqft

Source: Dubai Land Department. Updated 2 November 2024.

Key facts

Type
1-bed apartment
Size
1,145 sqft
Floor
7th of 9
Parking
B1-61
Service charge
AED 16,900 /yr
Last sold
AED 685K · April 2009
Building
Shoreline - Msalli

About 709, Shoreline - Msalli

709 is a one-bedroom apartment of 1,145 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 685,000, or AED 598 per sqft, in line with the AED 598 one-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 9 Ejari contracts. The current contract, signed on 2 November 2024, is AED 138,000 a year: a gross yield of 20.2% on the 2009 price, before the service charge of about AED 16,900 a year.

Sales and rents for 709 over time

Sales
Unit 709, each saleTypical one-bed in Shoreline - Msalli
1M2M3M2009201320172021Typical sale price by year: 2009 AED 685,000; 2012 AED 1,362,500; 2013 AED 1,350,000; 2014 AED 2,100,000; 2023 AED 2,760,000Sold by developer, April 2009: AED 685,000 (AED 598 per sqft)

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

Rents
Unit 709, each contractTypical one-bed in Shoreline - Msalli
100K150K2013201720212025Typical rent by year: 2013 AED 110,000; 2014 AED 130,000; 2015 AED 135,000; 2016 AED 130,000; 2017 AED 130,000; 2018 AED 123,000; 2019 AED 106,500; 2020 AED 93,000; 2021 AED 93,500; 2022 AED 104,860; 2023 AED 118,529; 2024 AED 138,000; 2025 AED 150,000; 2026 AED 145,000New contract, January 2015: AED 140,000 a yearRenewal, January 2016: AED 140,000 a yearRenewal, January 2017: AED 140,000 a yearNew contract, June 2019: AED 92,000 a yearRenewal, June 2020: AED 84,000 a yearNew contract, January 2021: AED 85,000 a yearRenewal, January 2022: AED 93,500 a yearRenewal, January 2023: AED 107,500 a yearNew contract, November 2024: AED 138,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Shoreline - Msalli, and where 709 sits

All 23 1-beds →

709 last sold in April 2009 at AED 598 per sqft, in line with what one-beds in Shoreline - Msalli were fetching at the time (AED 598). 709's AED 138,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
20 Feb 20252,871,000
30 Dec 20243,472,000
8 Mar 20243,100,000
13 Nov 20232,760,000
0 1-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

709, Shoreline - Msalli in numbers

  • Sold once: by the developer on 30 April 2009 for AED 685,000, or AED 598 per sqft.
  • Rented since January 2015 on 9 Ejari contracts. The rent fell from AED 140,000 to AED 84,000 in 2020 and recovered to AED 138,000 by November 2024.
  • At AED 138,000 a year the gross yield on the 2009 price is 20.2%, before a service charge of about AED 16,900 a year (AED 14.75 per sqft).

Source: Dubai Land Department. Updated 2 November 2024.

Questions about 709, Shoreline - Msalli

What did unit 709 last sell for?

AED 685,000 on 30 April 2009, sold by the developer: AED 598 per sqft for 1,145 sqft. It is the only registered sale of the unit.

What is the rent for unit 709?

AED 138,000 a year on the contract signed on 2 November 2024. The previous contract, from January 2023, was AED 107,500; the unit has been rented since January 2015.

How big is unit 709?

1,145 sqft (106.4 sqm): a one-bedroom apartment on the 7th floor of a 9-storey tower.

What is unit 709 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 709, Shoreline - Msalli

Starts from the last sale price (AED 685K, 30 April 2009). Switch to today's estimate once you have unlocked it.
Price
AED 685,000
Deposit, UAE resident (20%)
AED 137,000
Deposit, non-resident (40%)
AED 274,000
Monthly over 25 years at 3.7%
AED 2,803

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