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3-bed · 2,181 sqftShoreline - Sarrood, Palm Jumeirah · 7th floor · completed 2007

702, Shoreline - Sarrood

Sold prices and rental history: sold twice, last in March 2017, and rented once, from May 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 702 · DLD and Ejari recordsUpdated 19 March 2017
Last soldAED 2.62M19 March 2017
Current rentAED 250K /yr1 May 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 702, Shoreline - Sarrood

What is 702 worth today?

Last sold for AED 2,624,281 in 2017

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19 Mar 2017SoldReady
AED 2,624,281AED 1,203 per sqft
1 May 2014RentedNew contract
AED 250,000/yr12 months · AED 114 per sqft
21 Jul 2009Sold by developerReady
AED 1,175,000AED 538 per sqft

Source: Dubai Land Department. Updated 19 March 2017.

Key facts

Type
3-bed apartment
Size
2,181 sqft
Floor
7th of 9
Parking
B2-103,B2-104
Developer
Nakheel
Completed
2007
Service charge
AED 37,300 /yr
Last sold
AED 2.62M · March 2017
Building
Shoreline - Sarrood

About 702, Shoreline - Sarrood

702 is a three-bedroom apartment of 2,181 sqft on the 7th floor of Shoreline - Sarrood, a 9-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 19 March 2017 for AED 2,624,281, or AED 1,203 per sqft, 8% above the AED 1,113 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 May 2014. The current contract, signed on 1 May 2014, is AED 250,000 a year: a gross yield of 9.5% on the 2017 price, before the service charge of about AED 37,300 a year.

Sales and rents for 702 over time

Sales
Unit 702, 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, July 2009: AED 1,175,000 (AED 538 per sqft)Sold, March 2017: AED 2,624,281 (AED 1,203 per sqft)

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

Rents
Unit 702, each contractTypical three-bed in Shoreline - Sarrood
200K2012201620202024Typical 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, May 2014: AED 250,000 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 702 sits

All 40 3-beds →

702 last sold in March 2017 at AED 1,203 per sqft, 8% above what three-beds in Shoreline - Sarrood were fetching at the time (AED 1,113). 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. 702's AED 250,000 is in the upper 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 7th floor

All 108 units in Shoreline - Sarrood
Value
7012-bedAED 825K · May 2009
7033-bedAED 2.76M · May 2009
7041-bedAED 1.85M · Feb 2023
7052-bedAED 2.1M · Oct 2013
7062-bedAED 1.05M · Jun 2009
7072-bedAED 2.2M · May 2022
7082-bedAED 815K · May 2009
1–7 of 11

702, Shoreline - Sarrood in numbers

  • Sold twice: first on 21 July 2009 for AED 1,175,000, last on 19 March 2017 for AED 2,624,281 (AED 1,203 per sqft).
  • Rented since May 2014 on one Ejari contract, at AED 250,000 a year.
  • At AED 250,000 a year the gross yield on the 2017 price is 9.5%, 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 19 March 2017.

Questions about 702, Shoreline - Sarrood

What did unit 702 last sell for?

AED 2,624,281 on 19 March 2017: AED 1,203 per sqft for 2,181 sqft. The unit has 2 registered sales; the first was AED 1,175,000 in July 2009.

What is the rent for unit 702?

AED 250,000 a year on the contract signed on 1 May 2014.

How big is unit 702?

2,181 sqft (202.6 sqm): a three-bedroom apartment on the 7th floor of a 9-storey tower completed in 2007.

What is unit 702 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 702, Shoreline - Sarrood

Starts from the last sale price (AED 2.62M, 19 March 2017). Switch to today's estimate once you have unlocked it.
Price
AED 2,624,281
Deposit, UAE resident (20%)
AED 524,856
Deposit, non-resident (40%)
AED 1,049,712
Monthly over 25 years at 3.7%
AED 10,737

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