3-bed · 2,181 sqftShoreline - Msalli, Palm Jumeirah · 7th floor

711, Shoreline - Msalli

Sold prices and rental history: sold once, by the developer in April 2009, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 711 · DLD and Ejari recordsUpdated 1 November 2022
Last soldAED 4.69M23 April 2009
Current rentAED 190K /yr1 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 711, Shoreline - Msalli

What is 711 worth today?

Last sold for AED 4,692,000 in 2009

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1 Nov 2022RentedRenewal
AED 190,000/yr12 months · AED 87 per sqft
1 Nov 2021RentedNew contract
AED 172,800/yr12 months · AED 79 per sqft
15 Jun 2021RentedNew contract
AED 150,000/yr12 months · AED 69 per sqft
15 Oct 2019RentedRenewal
AED 150,000/yr12 months · AED 69 per sqft
23 Apr 2009Sold by developerReady
AED 4,692,000AED 2,151 per sqft

Source: Dubai Land Department. Updated 1 November 2022.

Key facts

Type
3-bed apartment
Size
2,181 sqft
Floor
7th of 9
Parking
B2-125,B2-126
Service charge
AED 32,200 /yr
Last sold
AED 4.69M · April 2009

About 711, Shoreline - Msalli

711 is a three-bedroom apartment of 2,181 sqft on the 7th floor of Shoreline - Msalli, a 9-storey tower in Palm Jumeirah. The developer sold it on 23 April 2009 for AED 4,692,000, or AED 2,151 per sqft, 56% above the AED 1,377 three-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 1 November 2022, is AED 190,000 a year: a gross yield of 4.0% on the 2009 price, before the service charge of about AED 32,200 a year.

Sales and rents for 711 over time

Sales
Unit 711, 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 4,692,000 (AED 2,151 per sqft)

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

Rents
Unit 711, 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 255,000Renewal, October 2019: AED 150,000 a yearNew contract, June 2021: AED 150,000 a yearNew contract, November 2021: AED 172,800 a yearRenewal, November 2022: AED 190,000 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 711 sits

All 39 3-beds →

711 last sold in April 2009 at AED 2,151 per sqft, 56% above what three-beds in Shoreline - Msalli were fetching at the time (AED 1,377). 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. 711's AED 190,000 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 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

711, Shoreline - Msalli in numbers

  • Sold once: by the developer on 23 April 2009 for AED 4,692,000, or AED 2,151 per sqft.
  • Rented since October 2019 on 4 Ejari contracts, from AED 150,000 to AED 190,000 a year.
  • At AED 190,000 a year the gross yield on the 2009 price is 4.0%, before a service charge of about AED 32,200 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 1 November 2022.

Questions about 711, Shoreline - Msalli

What did unit 711 last sell for?

AED 4,692,000 on 23 April 2009, sold by the developer: AED 2,151 per sqft for 2,181 sqft. It is the only registered sale of the unit.

What is the rent for unit 711?

AED 190,000 a year on the contract renewed on 1 November 2022. The previous contract, from November 2021, was AED 172,800; the unit has been rented since October 2019.

How big is unit 711?

2,181 sqft (202.6 sqm): a three-bedroom apartment on the 7th floor of a 9-storey tower.

What is unit 711 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 711, Shoreline - Msalli

Starts from the last sale price (AED 4.69M, 23 April 2009). Switch to today's estimate once you have unlocked it.
Price
AED 4,692,000
Deposit, UAE resident (20%)
AED 938,400
Deposit, non-resident (40%)
AED 1,876,800
Monthly over 25 years at 3.7%
AED 19,196

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