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3-bed · 2,181 sqftShoreline - Sarrood, Palm Jumeirah · completed 2007

1002, Shoreline - Sarrood

Sold prices and rental history: sold twice, last in November 2016, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1002 · DLD and Ejari recordsUpdated 2 November 2016
Last soldAED 1.4M2 November 2016
Current rentAED 180K /yr11 March 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1002, Shoreline - Sarrood

What is 1002 worth today?

Last sold for AED 1,400,000 in 2016

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2 Nov 2016SoldReady
AED 1,400,000AED 641 per sqft
11 Mar 2016RentedRenewal
AED 180,000/yr6 months · AED 82 per sqft
11 Mar 2014RentedNew contract
AED 195,000/yr12 months · AED 89 per sqft
17 Feb 2013RentedNew contract
AED 170,000/yr12 months · AED 78 per sqft
13 May 2009Sold by developerReady
AED 3,111,000AED 1,426 per sqft

Source: Dubai Land Department. Updated 2 November 2016.

Key facts

Type
3-bed apartment
Size
2,181 sqft
Parking
B2-137,B2-138
Developer
Nakheel
Completed
2007
Service charge
AED 37,300 /yr
Last sold
AED 1.4M · November 2016
Building
Shoreline - Sarrood

About 1002, Shoreline - Sarrood

1002 is a three-bedroom apartment of 2,181 sqft of Shoreline - Sarrood, a 9-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 2 November 2016 for AED 1,400,000, or AED 641 per sqft, 31% below the AED 925 three-beds in the building were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, renewed on 11 March 2016, is AED 180,000 a year: a gross yield of 12.9% on the 2016 price, before the service charge of about AED 37,300 a year.

Sales and rents for 1002 over time

Sales
Unit 1002, each saleTypical three-bed in Shoreline - Sarrood
2M4M2009201420192024Typical sale price by year: 2009 AED 1,175,000; 2010 AED 1,700,000; 2011 AED 1,495,000; 2012 AED 2,100,000; 2013 AED 2,392,500; 2014 AED 2,925,000; 2015 AED 2,250,000; 2016 AED 1,750,000; 2017 AED 2,600,000; 2018 AED 2,121,546; 2021 AED 2,250,000; 2023 AED 3,020,000; 2024 AED 3,546,167; 2026 AED 4,999,999Sold by developer, May 2009: AED 3,111,000 (AED 1,426 per sqft)Sold, November 2016: AED 1,400,000 (AED 641 per sqft)

1002 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1002, each contractTypical three-bed in Shoreline - Sarrood
150K200K250K2012201620202024Typical rent by year: 2012 AED 162,500; 2013 AED 165,000; 2014 AED 181,500; 2015 AED 190,000; 2016 AED 185,000; 2017 AED 175,000; 2018 AED 160,000; 2019 AED 145,000; 2020 AED 131,000; 2021 AED 132,500; 2022 AED 160,000; 2023 AED 187,500; 2024 AED 220,000; 2025 AED 235,000; 2026 AED 220,000New contract, February 2013: AED 170,000 a yearNew contract, March 2014: AED 195,000 a yearRenewal, March 2016: AED 180,000 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 - Sarrood, and where 1002 sits

All 40 3-beds →

1002 last sold in November 2016 at AED 641 per sqft, 31% below what three-beds in Shoreline - Sarrood were fetching at the time (AED 925). Over the last 12 months three-beds sold for AED 4,950,000 to 6,400,000, around AED 2,313 per sqft, and rent for AED 130,000 to 359,035 a year. 1002's AED 180,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
15 Oct 20265,300,000
22 Sep 20264,999,999
3 Sep 20264,950,000
26 Feb 20264,975,000
6 3-bed sales in the last 12 months

Shoreline - Sarrood

Building

108 apartments, 1-bed to 4-bed over 9 floors in Palm Jumeirah, completed in 2007 by Nakheel. 12 sold in the last 12 months.

Typical price per sqft
AED 2,305
Typical sale
AED 4.6M
Typical rent
AED 180K /yr
Typical yield
4.6%
Shoreline - Sarrood, Palm Jumeirah: prices, sales and rents →

1002, Shoreline - Sarrood in numbers

  • Sold twice: first on 13 May 2009 for AED 3,111,000, last on 2 November 2016 for AED 1,400,000 (AED 641 per sqft).
  • Rented since February 2013 on 3 Ejari contracts, from AED 170,000 to AED 180,000 a year.
  • At AED 180,000 a year the gross yield on the 2016 price is 12.9%, before a service charge of about AED 37,300 a year (AED 17.10 per sqft).
  • Three-beds in Shoreline - Sarrood sold for AED 4,950,000–6,400,000 in the 12 months to November 2026; the building's median across all types is AED 2,305 per sqft.

Source: Dubai Land Department. Updated 2 November 2016.

Questions about 1002, Shoreline - Sarrood

What did unit 1002 last sell for?

AED 1,400,000 on 2 November 2016: AED 641 per sqft for 2,181 sqft. The unit has 2 registered sales; the first was AED 3,111,000 in May 2009.

What is the rent for unit 1002?

AED 180,000 a year on the contract renewed on 11 March 2016. The previous contract, from March 2014, was AED 195,000; the unit has been rented since February 2013.

How big is unit 1002?

2,181 sqft (202.6 sqm): a three-bedroom apartment of a 9-storey tower completed in 2007.

What is unit 1002 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Shoreline - Sarrood sold for AED 4,950,000 to 6,400,000 in the last 12 months, around AED 2,313 per sqft.

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Mortgage on 1002, Shoreline - Sarrood

Starts from the last sale price (AED 1.4M, 2 November 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,400,000
Deposit, UAE resident (20%)
AED 280,000
Deposit, non-resident (40%)
AED 560,000
Monthly over 25 years at 3.7%
AED 5,728

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