3-bed · 2,216 sqftShoreline - Nabat, Palm Jumeirah · 5th floor

502, Shoreline - Nabat

Sold prices and rental history: sold once, by the developer in February 2010, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502 · DLD and Ejari recordsUpdated 9 December 2024
Last soldAED 1.33M25 February 2010
Current rentAED 236K /yr9 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 502, Shoreline - Nabat

What is 502 worth today?

Last sold for AED 1,325,000 in 2010

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9 Dec 2024RentedNew contract
AED 236,000/yr12 months · AED 106 per sqft
28 May 2024RentedNew contract
AED 162,000/yr12 months · AED 73 per sqft
28 May 2023RentedRenewal
AED 139,500/yr12 months · AED 63 per sqft
28 May 2022RentedRenewal
AED 135,000/yr12 months · AED 61 per sqft
28 May 2021RentedNew contract
AED 133,000/yr12 months · AED 60 per sqft
28 May 2020RentedRenewal
AED 135,000/yr12 months · AED 61 per sqft
28 May 2019RentedNew contract
AED 140,000/yr12 months · AED 63 per sqft
10 Nov 2018RentedRenewal
AED 165,000/yr12 months · AED 74 per sqft

Source: Dubai Land Department. Updated 9 December 2024.

Key facts

Type
3-bed apartment
Size
2,216 sqft
Floor
5th of 9
Parking
EUB8B02C121
Service charge
AED 25,500 /yr
Last sold
AED 1.33M · February 2010

About 502, Shoreline - Nabat

502 is a three-bedroom apartment of 2,216 sqft on the 5th floor of Shoreline - Nabat, a 9-storey tower in Palm Jumeirah. The developer sold it on 25 February 2010 for AED 1,325,000, or AED 597 per sqft, 15% below the AED 701 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 13 Ejari contracts. The current contract, signed on 9 December 2024, is AED 236,000 a year: a gross yield of 17.8% on the 2010 price, before the service charge of about AED 25,500 a year.

Sales and rents for 502 over time

Sales
Unit 502, each saleTypical three-bed in Shoreline - Nabat
2M4M20092013201720212025Typical sale price by year: 2009 AED 1,539,000; 2010 AED 1,603,000; 2011 AED 2,475,000; 2012 AED 2,885,000; 2013 AED 3,550,000; 2014 AED 4,000,000; 2018 AED 2,100,000; 2020 AED 2,000,000; 2023 AED 4,200,000; 2024 AED 4,850,000Sold by developer, February 2010: AED 1,325,000 (AED 597 per sqft)

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

Rents
Unit 502, each contractTypical three-bed in Shoreline - Nabat
150K200K250K2012201620202024Typical rent by year: 2012 AED 175,000; 2013 AED 173,500; 2014 AED 200,000; 2015 AED 210,000; 2016 AED 210,000; 2017 AED 199,174; 2018 AED 173,500; 2019 AED 160,000; 2020 AED 140,000; 2021 AED 141,875; 2022 AED 160,850; 2023 AED 173,250; 2024 AED 233,000; 2025 AED 241,500; 2026 AED 240,000New contract, October 2013: AED 180,000 a yearNew contract, October 2014: AED 210,000 a yearNew contract, October 2015: AED 210,000 a yearRenewal, October 2016: AED 210,000 a yearNew contract, November 2017: AED 165,000 a yearRenewal, November 2018: AED 165,000 a yearNew contract, May 2019: AED 140,000 a yearRenewal, May 2020: AED 135,000 a yearNew contract, May 2021: AED 133,000 a yearRenewal, May 2022: AED 135,000 a yearRenewal, May 2023: AED 139,500 a yearNew contract, May 2024: AED 162,000 a yearNew contract, December 2024: AED 236,000 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 - Nabat, and where 502 sits

All 39 3-beds →

502 last sold in February 2010 at AED 597 per sqft, 15% below what three-beds in Shoreline - Nabat were fetching at the time (AED 701). Over the last 12 months three-beds sold for AED 5,400,000, around AED 2,429 per sqft, and rent for AED 100,000 to 410,000 a year. 502's AED 236,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
3 Dec 20255,400,000
16 Apr 20255,700,000
8 Oct 20245,500,000
24 Jun 20244,850,000
1 3-bed sale 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 5th floor

All 119 units in Shoreline - Nabat
Value
5012-bedAED 880K · Mar 2010
5033-bedAED 4.4M · Feb 2023
5041-bedAED 1.5M · Feb 2010
5052-bedAED 3.5M · Apr 2014
5062-bedAED 2.6M · Jan 2021
5072-bedAED 3.4M · Jun 2016
5082-bedAED 3.45M · Feb 2023
1–7 of 11

502, Shoreline - Nabat in numbers

  • Sold once: by the developer on 25 February 2010 for AED 1,325,000, or AED 597 per sqft.
  • Rented since October 2013 on 13 Ejari contracts. The rent fell from AED 180,000 to AED 133,000 in 2021 and recovered to AED 236,000 by December 2024.
  • At AED 236,000 a year the gross yield on the 2010 price is 17.8%, before a service charge of about AED 25,500 a year (AED 11.50 per sqft).
  • Three-beds in Shoreline - Nabat sold for AED 5,400,000–5,400,000 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 9 December 2024.

Questions about 502, Shoreline - Nabat

What did unit 502 last sell for?

AED 1,325,000 on 25 February 2010, sold by the developer: AED 597 per sqft for 2,216 sqft. It is the only registered sale of the unit.

What is the rent for unit 502?

AED 236,000 a year on the contract signed on 9 December 2024. The previous contract, from May 2024, was AED 162,000; the unit has been rented since October 2013.

How big is unit 502?

2,216 sqft (205.9 sqm): a three-bedroom apartment on the 5th floor of a 9-storey tower.

What is unit 502 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Shoreline - Nabat sold for AED 5,400,000 to 5,400,000 in the last 12 months, around AED 2,429 per sqft.

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Mortgage on 502, Shoreline - Nabat

Starts from the last sale price (AED 1.33M, 25 February 2010). Switch to today's estimate once you have unlocked it.
Price
AED 1,325,000
Deposit, UAE resident (20%)
AED 265,000
Deposit, non-resident (40%)
AED 530,000
Monthly over 25 years at 3.7%
AED 5,421

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