2-bed · 1,587 sqftShoreline - Nabat, Palm Jumeirah · 7th floor

701, Shoreline - Nabat

Sold prices and rental history: sold once, by the developer in January 2010, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 701 · DLD and Ejari recordsUpdated 22 February 2023
Last soldAED 940K11 January 2010
Current rentAED 115K /yr22 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 701, Shoreline - Nabat

What is 701 worth today?

Last sold for AED 940,000 in 2010

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22 Feb 2023RentedRenewal
AED 115,000/yr12 months · AED 72 per sqft
22 Feb 2022RentedRenewal
AED 100,000/yr12 months · AED 63 per sqft
22 Feb 2021RentedNew contract
AED 90,000/yr12 months · AED 57 per sqft
22 Aug 2019RentedNew contract
AED 110,000/yr12 months · AED 69 per sqft
1 Jul 2015RentedNew contract
AED 170,000/yr12 months · AED 107 per sqft
1 Jul 2014RentedNew contract
AED 170,000/yr12 months · AED 107 per sqft
11 Jan 2010Sold by developerReady
AED 940,000AED 592 per sqft

Source: Dubai Land Department. Updated 22 February 2023.

Key facts

Type
2-bed apartment
Size
1,587 sqft
Floor
7th of 9
Parking
EUB8B02C92
Service charge
AED 18,300 /yr
Last sold
AED 940K · January 2010

About 701, Shoreline - Nabat

701 is a two-bedroom apartment of 1,587 sqft on the 7th floor of Shoreline - Nabat, a 9-storey tower in Palm Jumeirah. The developer sold it on 11 January 2010 for AED 940,000, or AED 592 per sqft, 19% below the AED 732 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, renewed on 22 February 2023, is AED 115,000 a year: a gross yield of 12.2% on the 2010 price, before the service charge of about AED 18,300 a year.

Sales and rents for 701 over time

Sales
Unit 701, each saleTypical two-bed in Shoreline - Nabat
05M2009201420192024Typical 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, January 2010: AED 940,000 (AED 592 per sqft)

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

Rents
Unit 701, each contractTypical two-bed in Shoreline - Nabat
100K200K2012201620202024Typical 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, July 2014: AED 170,000 a yearNew contract, July 2015: AED 170,000 a yearNew contract, August 2019: AED 110,000 a yearNew contract, February 2021: AED 90,000 a yearRenewal, February 2022: AED 100,000 a yearRenewal, February 2023: AED 115,000 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 701 sits

All 54 2-beds →

701 last sold in January 2010 at AED 592 per sqft, 19% below what two-beds in Shoreline - Nabat were fetching at the time (AED 732). 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. 701's AED 115,000 is at the bottom 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 7th floor

All 119 units in Shoreline - Nabat
Value
7023-bedAED 1.25M · Dec 2009
7033-bedAED 2.25M · Dec 2020
7041-bedAED 2.5M · Feb 2023
7052-bedAED 1.26M · Mar 2010
7062-bedAED 7.5M · Dec 2025
7072-bedAED 6.23M · Oct 2024
7082-bedAED 3.63M · Mar 2023
1–7 of 11

701, Shoreline - Nabat in numbers

  • Sold once: by the developer on 11 January 2010 for AED 940,000, or AED 592 per sqft.
  • Rented since July 2014 on 6 Ejari contracts. The rent fell from AED 170,000 to AED 90,000 in 2021 and recovered to AED 115,000 by February 2023.
  • At AED 115,000 a year the gross yield on the 2010 price is 12.2%, before a service charge of about AED 18,300 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 22 February 2023.

Questions about 701, Shoreline - Nabat

What did unit 701 last sell for?

AED 940,000 on 11 January 2010, sold by the developer: AED 592 per sqft for 1,587 sqft. It is the only registered sale of the unit.

What is the rent for unit 701?

AED 115,000 a year on the contract renewed on 22 February 2023. The previous contract, from February 2022, was AED 100,000; the unit has been rented since July 2014.

How big is unit 701?

1,587 sqft (147.4 sqm): a two-bedroom apartment on the 7th floor of a 9-storey tower.

What is unit 701 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 701, Shoreline - Nabat

Starts from the last sale price (AED 940K, 11 January 2010). Switch to today's estimate once you have unlocked it.
Price
AED 940,000
Deposit, UAE resident (20%)
AED 188,000
Deposit, non-resident (40%)
AED 376,000
Monthly over 25 years at 3.7%
AED 3,846

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