3-bed · 2,161 sqftShoreline - Sarrood, Palm Jumeirah · 5th floor · completed 2007

503, Shoreline - Sarrood

Sold prices and rental history: sold 3 times, last in November 2016, and rented once, from January 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 503 · DLD and Ejari recordsUpdated 13 November 2016
Last soldAED 1.5M13 November 2016
Current rentAED 195K /yr15 January 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 503, Shoreline - Sarrood

What is 503 worth today?

Last sold for AED 1,500,000 in 2016

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13 Nov 2016SoldReady
AED 1,500,000AED 694 per sqft
15 Jan 2016RentedNew contract
AED 195,000/yr12 months · AED 91 per sqft
13 Dec 2015SoldReady
AED 2,500,000AED 1,156 per sqft
14 May 2009Sold by developerReady
AED 1,150,000AED 532 per sqft

Source: Dubai Land Department. Updated 13 November 2016.

Key facts

Type
3-bed apartment
Size
2,161 sqft
Floor
5th of 9
Parking
B2-72,B2-73
Developer
Nakheel
Completed
2007
Service charge
AED 37,000 /yr
Last sold
AED 1.5M · November 2016

About 503, Shoreline - Sarrood

503 is a three-bedroom apartment of 2,161 sqft on the 5th floor of Shoreline - Sarrood, a 9-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 13 November 2016 for AED 1,500,000, or AED 694 per sqft, 14% below the AED 810 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 15 January 2016. The current contract, signed on 15 January 2016, is AED 195,000 a year: a gross yield of 13.0% on the 2016 price, before the service charge of about AED 37,000 a year.

Sales and rents for 503 over time

Sales
Unit 503, 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 1,150,000 (AED 532 per sqft)Sold, December 2015: AED 2,500,000 (AED 1,156 per sqft)Sold, November 2016: AED 1,500,000 (AED 694 per sqft)

503 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 503, 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, January 2016: AED 195,000 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 503 sits

All 40 3-beds →

503 last sold in November 2016 at AED 694 per sqft, 14% below what three-beds in Shoreline - Sarrood were fetching at the time (AED 810). 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. 503's AED 195,000 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 →

Other units on the 5th floor

All 108 units in Shoreline - Sarrood
Value
5012-bedAED 1.8M · Feb 2022
5023-bedAED 1.7M · Sep 2010
5041-bedAED 1.7M · Dec 2013
5052-bedAED 3.28M · Jun 2024
5062-bedAED 1.03M · Jul 2009
5072-bedAED 2.25M · Jun 2022
5082-bedAED 3.1M · Feb 2024
1–7 of 11

503, Shoreline - Sarrood in numbers

  • Sold 3 times: first on 14 May 2009 for AED 1,150,000, last on 13 November 2016 for AED 1,500,000 (AED 694 per sqft).
  • Rented since January 2016 on one Ejari contract, at AED 195,000 a year.
  • At AED 195,000 a year the gross yield on the 2016 price is 13.0%, before a service charge of about AED 37,000 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 13 November 2016.

Questions about 503, Shoreline - Sarrood

What did unit 503 last sell for?

AED 1,500,000 on 13 November 2016: AED 694 per sqft for 2,161 sqft. The unit has 3 registered sales; the first was AED 1,150,000 in May 2009.

What is the rent for unit 503?

AED 195,000 a year on the contract signed on 15 January 2016.

How big is unit 503?

2,161 sqft (200.8 sqm): a three-bedroom apartment on the 5th floor of a 9-storey tower completed in 2007.

What is unit 503 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 503, Shoreline - Sarrood

Starts from the last sale price (AED 1.5M, 13 November 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,500,000
Deposit, UAE resident (20%)
AED 300,000
Deposit, non-resident (40%)
AED 600,000
Monthly over 25 years at 3.7%
AED 6,137

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