2-bed · 1,551 sqftShoreline - Sarrood, Palm Jumeirah · 7th floor · completed 2007

705, Shoreline - Sarrood

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

Unit 705 · DLD and Ejari recordsUpdated 8 April 2024
Last soldAED 2.1M29 October 2013
Current rentAED 220K /yr8 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 705, Shoreline - Sarrood

What is 705 worth today?

Last sold for AED 2,100,000 in 2013

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8 Apr 2024RentedNew contract
AED 220,000/yr12 months · AED 142 per sqft
12 Mar 2023RentedRenewal
AED 175,000/yr12 months · AED 113 per sqft
12 Mar 2022RentedNew contract
AED 155,000/yr12 months · AED 100 per sqft
20 Mar 2021RentedNew contract
AED 120,000/yr12 months · AED 77 per sqft
10 Mar 2020RentedNew contract
AED 117,000/yr12 months · AED 75 per sqft
2 Sep 2019RentedRenewal
AED 155,000/yr12 months · AED 100 per sqft
2 Sep 2018RentedNew contract
AED 165,000/yr12 months · AED 106 per sqft
1 Feb 2017RentedRenewal
AED 183,750/yr12 months · AED 119 per sqft

Source: Dubai Land Department. Updated 8 April 2024.

Key facts

Type
2-bed apartment
Size
1,551 sqft
Floor
7th of 9
Parking
B2-102
Developer
Nakheel
Completed
2007
Service charge
AED 26,500 /yr
Last sold
AED 2.1M · October 2013

About 705, Shoreline - Sarrood

705 is a two-bedroom apartment of 1,551 sqft on the 7th floor of Shoreline - Sarrood, a 9-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 29 October 2013 for AED 2,100,000, or AED 1,354 per sqft, 28% above the AED 1,054 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 12 Ejari contracts. The current contract, signed on 8 April 2024, is AED 220,000 a year: a gross yield of 10.5% on the 2013 price, before the service charge of about AED 26,500 a year.

Sales and rents for 705 over time

Sales
Unit 705, each saleTypical two-bed in Shoreline - Sarrood
2M4M2009201420192024Typical sale price by year: 2009 AED 1,025,000; 2010 AED 1,575,000; 2011 AED 1,300,000; 2012 AED 1,585,000; 2013 AED 1,850,000; 2014 AED 2,350,000; 2015 AED 2,175,000; 2016 AED 2,250,000; 2017 AED 1,725,000; 2018 AED 1,700,000; 2019 AED 1,700,000; 2020 AED 1,395,000; 2021 AED 1,700,000; 2022 AED 2,200,000; 2023 AED 2,500,000; 2024 AED 3,280,000; 2025 AED 4,650,000; 2026 AED 3,725,000Sold by developer, May 2009: AED 815,000 (AED 525 per sqft)Sold, October 2013: AED 2,100,000 (AED 1,354 per sqft)

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

Rents
Unit 705, each contractTypical two-bed in Shoreline - Sarrood
100K200K2012201620202024Typical rent by year: 2012 AED 122,000; 2013 AED 129,500; 2014 AED 155,000; 2015 AED 160,000; 2016 AED 155,000; 2017 AED 145,000; 2018 AED 130,000; 2019 AED 115,000; 2020 AED 105,000; 2021 AED 101,000; 2022 AED 114,000; 2023 AED 160,000; 2024 AED 180,000; 2025 AED 185,000; 2026 AED 180,000New contract, January 2013: AED 125,000 a yearNew contract, February 2014: AED 185,000 a yearRenewal, February 2015: AED 183,750 a yearRenewal, February 2016: AED 183,750 a yearRenewal, February 2017: AED 183,750 a yearNew contract, September 2018: AED 165,000 a yearRenewal, September 2019: AED 155,000 a yearNew contract, March 2020: AED 117,000 a yearNew contract, March 2021: AED 120,000 a yearNew contract, March 2022: AED 155,000 a yearRenewal, March 2023: AED 175,000 a yearNew contract, April 2024: AED 220,000 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 - Sarrood, and where 705 sits

All 54 2-beds →

705 last sold in October 2013 at AED 1,354 per sqft, 28% above what two-beds in Shoreline - Sarrood were fetching at the time (AED 1,054). Over the last 12 months two-beds sold for AED 3,300,000 to 4,250,000, around AED 2,090 per sqft, and rent for AED 150,000 to 335,000 a year. 705's AED 220,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
5 Oct 20264,100,000
24 Aug 20264,250,000
11 Aug 20263,350,000
3 Jul 20263,300,000
4 2-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
7023-bedAED 2.62M · Mar 2017
7033-bedAED 2.76M · May 2009
7041-bedAED 1.85M · Feb 2023
7062-bedAED 1.05M · Jun 2009
7072-bedAED 2.2M · May 2022
7082-bedAED 815K · May 2009
1–7 of 11

705, Shoreline - Sarrood in numbers

  • Sold twice: first on 17 May 2009 for AED 815,000, last on 29 October 2013 for AED 2,100,000 (AED 1,354 per sqft).
  • Rented since January 2013 on 12 Ejari contracts, from AED 125,000 to AED 220,000 a year.
  • At AED 220,000 a year the gross yield on the 2013 price is 10.5%, before a service charge of about AED 26,500 a year (AED 17.10 per sqft).
  • Two-beds in Shoreline - Sarrood sold for AED 3,300,000–4,250,000 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 8 April 2024.

Questions about 705, Shoreline - Sarrood

What did unit 705 last sell for?

AED 2,100,000 on 29 October 2013: AED 1,354 per sqft for 1,551 sqft. The unit has 2 registered sales; the first was AED 815,000 in May 2009.

What is the rent for unit 705?

AED 220,000 a year on the contract signed on 8 April 2024. The previous contract, from March 2023, was AED 175,000; the unit has been rented since January 2013.

How big is unit 705?

1,551 sqft (144.1 sqm): a two-bedroom apartment on the 7th floor of a 9-storey tower completed in 2007.

What is unit 705 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Shoreline - Sarrood sold for AED 3,300,000 to 4,250,000 in the last 12 months, around AED 2,090 per sqft.

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Mortgage on 705, Shoreline - Sarrood

Starts from the last sale price (AED 2.1M, 29 October 2013). Switch to today's estimate once you have unlocked it.
Price
AED 2,100,000
Deposit, UAE resident (20%)
AED 420,000
Deposit, non-resident (40%)
AED 840,000
Monthly over 25 years at 3.7%
AED 8,592

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