2-bed · 1,994 sqftShoreline - Nabat, Palm Jumeirah · 5th floor

506, Shoreline - Nabat

Sold prices and rental history: sold twice, last in January 2021, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 506 · DLD and Ejari recordsUpdated 14 January 2021
Last soldAED 2.6M14 January 2021
Current rentAED 155K /yr26 March 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 506, Shoreline - Nabat

What is 506 worth today?

Last sold for AED 2,600,000 in 2021

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

14 Jan 2021SoldReady
AED 2,600,000AED 1,303 per sqft
26 Mar 2020RentedNew contract
AED 155,000/yr12 months · AED 78 per sqft
24 Apr 2019RentedNew contract
AED 165,000/yr12 months · AED 83 per sqft
27 Jan 2014RentedNew contract
AED 220,000/yr12 months · AED 110 per sqft
24 Feb 2010Sold by developerReady
AED 1,450,000AED 727 per sqft

Source: Dubai Land Department. Updated 14 January 2021.

Key facts

Type
2-bed apartment
Size
1,994 sqft
Floor
5th of 9
Parking
EUB8B02C102
Service charge
AED 22,900 /yr
Last sold
AED 2.6M · January 2021

About 506, Shoreline - Nabat

506 is a two-bedroom apartment of 1,994 sqft on the 5th floor of Shoreline - Nabat, a 9-storey tower in Palm Jumeirah. It last sold on 14 January 2021 for AED 2,600,000, or AED 1,303 per sqft, 16% above the AED 1,119 two-beds in the building were fetching at the time.

It has been rented since 2014 on 3 Ejari contracts. The current contract, signed on 26 March 2020, is AED 155,000 a year: a gross yield of 6.0% on the 2021 price, before the service charge of about AED 22,900 a year.

Sales and rents for 506 over time

Sales
Unit 506, 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, February 2010: AED 1,450,000 (AED 727 per sqft)Sold, January 2021: AED 2,600,000 (AED 1,303 per sqft)

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

Rents
Unit 506, 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 2014: AED 220,000 a yearNew contract, April 2019: AED 165,000 a yearNew contract, March 2020: AED 155,000 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 506 sits

All 54 2-beds →

506 last sold in January 2021 at AED 1,303 per sqft, 16% above what two-beds in Shoreline - Nabat were fetching at the time (AED 1,119). 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. 506's AED 155,000 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 5th floor

All 119 units in Shoreline - Nabat
Value
5012-bedAED 880K · Mar 2010
5023-bedAED 1.33M · Feb 2010
5033-bedAED 4.4M · Feb 2023
5041-bedAED 1.5M · Feb 2010
5052-bedAED 3.5M · Apr 2014
5072-bedAED 3.4M · Jun 2016
5082-bedAED 3.45M · Feb 2023
1–7 of 11

506, Shoreline - Nabat in numbers

  • Sold twice: first on 24 February 2010 for AED 1,450,000, last on 14 January 2021 for AED 2,600,000 (AED 1,303 per sqft).
  • Rented since January 2014 on 3 Ejari contracts, from AED 220,000 to AED 155,000 a year.
  • At AED 155,000 a year the gross yield on the 2021 price is 6.0%, before a service charge of about AED 22,900 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 14 January 2021.

Questions about 506, Shoreline - Nabat

What did unit 506 last sell for?

AED 2,600,000 on 14 January 2021: AED 1,303 per sqft for 1,994 sqft. The unit has 2 registered sales; the first was AED 1,450,000 in February 2010.

What is the rent for unit 506?

AED 155,000 a year on the contract signed on 26 March 2020. The previous contract, from April 2019, was AED 165,000; the unit has been rented since January 2014.

How big is unit 506?

1,994 sqft (185.2 sqm): a two-bedroom apartment on the 5th floor of a 9-storey tower.

What is unit 506 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.

Selling 506? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 506, Shoreline - Nabat

Starts from the last sale price (AED 2.6M, 14 January 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,600,000
Deposit, UAE resident (20%)
AED 520,000
Deposit, non-resident (40%)
AED 1,040,000
Monthly over 25 years at 3.7%
AED 10,637

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