2-bed · 1,997 sqftShoreline - Nabat, Palm Jumeirah · 3rd floor

306, Shoreline - Nabat

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

Unit 306 · DLD and Ejari recordsUpdated 5 January 2015
Last soldAED 1.54M28 December 2009
Current rentAED 187K /yr5 January 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 306, Shoreline - Nabat

What is 306 worth today?

Last sold for AED 1,540,000 in 2009

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5 Jan 2015RentedNew contract
AED 187,425/yr12 months · AED 94 per sqft
28 Dec 2009Sold by developerReady
AED 1,540,000AED 771 per sqft

Source: Dubai Land Department. Updated 5 January 2015.

Key facts

Type
2-bed apartment
Size
1,997 sqft
Floor
3rd of 9
Parking
EUB8B02C27
Service charge
AED 23,000 /yr
Last sold
AED 1.54M · December 2009

About 306, Shoreline - Nabat

306 is a two-bedroom apartment of 1,997 sqft on the 3rd floor of Shoreline - Nabat, a 9-storey tower in Palm Jumeirah. The developer sold it on 28 December 2009 for AED 1,540,000, or AED 771 per sqft, 4% above the AED 742 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 5 January 2015. The current contract, signed on 5 January 2015, is AED 187,425 a year: a gross yield of 12.2% on the 2009 price, before the service charge of about AED 23,000 a year.

Sales and rents for 306 over time

Sales
Unit 306, each saleTypical two-bed in Shoreline - Nabat
2.5M5M2009201420192024Typical sale price by year: 2009 AED 1,290,000; 2010 AED 1,310,000; 2011 AED 1,830,000; 2012 AED 3,000,000; 2013 AED 2,360,000; 2014 AED 2,700,000; 2016 AED 3,050,000; 2019 AED 2,306,000; 2021 AED 2,050,000; 2023 AED 3,825,000; 2024 AED 4,252,500; 2025 AED 6,500,000Sold by developer, December 2009: AED 1,540,000 (AED 771 per sqft)

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

Rents
Unit 306, each contractTypical two-bed in Shoreline - Nabat
150K200K2012201620202024Typical rent by year: 2012 AED 175,000; 2013 AED 162,150; 2014 AED 182,500; 2015 AED 187,000; 2016 AED 185,000; 2017 AED 162,500; 2018 AED 153,000; 2019 AED 142,500; 2020 AED 127,500; 2021 AED 120,000; 2022 AED 150,000; 2023 AED 180,000; 2024 AED 192,500; 2025 AED 208,950; 2026 AED 199,619New contract, January 2015: AED 187,425 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 - Nabat, and where 306 sits

All 54 2-beds →

306 last sold in December 2009 at AED 771 per sqft, 4% above what two-beds in Shoreline - Nabat were fetching at the time (AED 742). Over the last 12 months two-beds sold for AED 5,700,000 to 7,500,000, around AED 3,466 per sqft, and rent for AED 149,257 to 295,000 a year. 306's AED 187,425 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
10 Sep 20265,700,000
4 May 20265,900,000
12 Dec 20257,500,000
10 Nov 20256,500,000
4 2-bed sales in the last 12 months

Shoreline - Nabat

Building

119 apartments, 1-bed to 4-bed over 9 floors in Palm Jumeirah. 5 sold in the last 12 months.

Typical price per sqft
AED 3,254
Typical sale
AED 5.9M
Typical rent
AED 214K /yr
Typical yield
3.5%
Shoreline - Nabat, Palm Jumeirah: prices, sales and rents →

Other units on the 3rd floor

All 119 units in Shoreline - Nabat
Value
3012-bedAED 1.9M · Jan 2022
3023-bedAED 1.32M · Dec 2009
3033-bedAED 4M · Sep 2014
3041-bedAED 2M · Oct 2021
3052-bedAED 1.2M · Dec 2009
3072-bedAED 1.75M · Jan 2010
3082-bedAED 2.48M · Dec 2010
1–7 of 11

306, Shoreline - Nabat in numbers

  • Sold once: by the developer on 28 December 2009 for AED 1,540,000, or AED 771 per sqft.
  • Rented since January 2015 on one Ejari contract, at AED 187,425 a year.
  • At AED 187,425 a year the gross yield on the 2009 price is 12.2%, before a service charge of about AED 23,000 a year (AED 11.50 per sqft).
  • Two-beds in Shoreline - Nabat sold for AED 5,700,000–7,500,000 in the 12 months to November 2026; the building's median across all types is AED 3,254 per sqft.

Source: Dubai Land Department. Updated 5 January 2015.

Questions about 306, Shoreline - Nabat

What did unit 306 last sell for?

AED 1,540,000 on 28 December 2009, sold by the developer: AED 771 per sqft for 1,997 sqft. It is the only registered sale of the unit.

What is the rent for unit 306?

AED 187,425 a year on the contract signed on 5 January 2015.

How big is unit 306?

1,997 sqft (185.5 sqm): a two-bedroom apartment on the 3rd floor of a 9-storey tower.

What is unit 306 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Shoreline - Nabat sold for AED 5,700,000 to 7,500,000 in the last 12 months, around AED 3,466 per sqft.

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Mortgage on 306, Shoreline - Nabat

Starts from the last sale price (AED 1.54M, 28 December 2009). Switch to today's estimate once you have unlocked it.
Price
AED 1,540,000
Deposit, UAE resident (20%)
AED 308,000
Deposit, non-resident (40%)
AED 616,000
Monthly over 25 years at 3.7%
AED 6,301

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