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2-bed · 1,551 sqftShoreline - Shahla, Palm Jumeirah · completed 2007

1005, Shoreline - Shahla

Sold prices and rental history: sold once, by the developer in July 2009, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1005 · DLD and Ejari recordsUpdated 20 September 2024
Last soldAED 815K8 July 2009
Current rentAED 131K /yr20 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1005, Shoreline - Shahla

What is 1005 worth today?

Last sold for AED 815,000 in 2009

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20 Sep 2024RentedRenewal
AED 131,100/yr12 months · AED 85 per sqft
20 Sep 2023RentedRenewal
AED 125,638/yr12 months · AED 81 per sqft
20 Sep 2022RentedRenewal
AED 109,250/yr12 months · AED 70 per sqft
20 Sep 2021RentedRenewal
AED 95,000/yr12 months · AED 61 per sqft
20 Sep 2020RentedRenewal
AED 95,000/yr12 months · AED 61 per sqft
20 Sep 2019RentedRenewal
AED 120,000/yr12 months · AED 77 per sqft
20 Sep 2017RentedRenewal
AED 137,000/yr12 months · AED 88 per sqft
20 Sep 2016RentedNew contract
AED 140,000/yr12 months · AED 90 per sqft

Source: Dubai Land Department. Updated 20 September 2024.

Key facts

Type
2-bed apartment
Size
1,551 sqft
Parking
B1-74
Developer
Nakheel
Completed
2007
Service charge
AED 28,100 /yr
Last sold
AED 815K · July 2009
Building
Shoreline - Shahla

About 1005, Shoreline - Shahla

1005 is a two-bedroom apartment of 1,551 sqft of Shoreline - Shahla, a 9-storey tower in Palm Jumeirah completed in 2007 by Nakheel. The developer sold it on 8 July 2009 for AED 815,000, or AED 525 per sqft, in line with the AED 525 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, renewed on 20 September 2024, is AED 131,100 a year: a gross yield of 16.1% on the 2009 price, before the service charge of about AED 28,100 a year.

Sales and rents for 1005 over time

Sales
Unit 1005, each saleTypical two-bed in Shoreline - Shahla
2M4M2009201420192024Typical sale price by year: 2009 AED 1,025,000; 2010 AED 2,085,000; 2011 AED 1,268,125; 2012 AED 1,650,000; 2013 AED 2,225,000; 2014 AED 2,750,000; 2015 AED 1,971,250; 2016 AED 2,012,500; 2018 AED 1,514,153; 2019 AED 1,420,000; 2021 AED 1,900,000; 2022 AED 2,290,000; 2023 AED 2,900,000; 2024 AED 3,350,000; 2025 AED 3,800,000; 2026 AED 3,802,500Sold by developer, July 2009: AED 815,000 (AED 525 per sqft)

1005 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1005, each contractTypical two-bed in Shoreline - Shahla
100K150K200K2012201620202024Typical rent by year: 2012 AED 120,000; 2013 AED 132,500; 2014 AED 158,200; 2015 AED 157,850; 2016 AED 155,000; 2017 AED 140,000; 2018 AED 135,000; 2019 AED 117,000; 2020 AED 100,000; 2021 AED 105,000; 2022 AED 123,000; 2023 AED 144,500; 2024 AED 168,000; 2025 AED 200,000; 2026 AED 184,000New contract, May 2013: AED 115,000 a yearRenewal, May 2014: AED 138,000 a yearNew contract, September 2015: AED 145,000 a yearNew contract, September 2016: AED 140,000 a yearRenewal, September 2017: AED 137,000 a yearRenewal, September 2019: AED 120,000 a yearRenewal, September 2020: AED 95,000 a yearRenewal, September 2021: AED 95,000 a yearRenewal, September 2022: AED 109,250 a yearRenewal, September 2023: AED 125,638 a yearRenewal, September 2024: AED 131,100 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 - Shahla, and where 1005 sits

All 54 2-beds →

1005 last sold in July 2009 at AED 525 per sqft, in line with what two-beds in Shoreline - Shahla were fetching at the time (AED 525). Over the last 12 months two-beds sold for AED 3,480,000 to 4,175,000, around AED 2,398 per sqft, and rent for AED 117,522 to 315,000 a year. 1005's AED 131,100 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
8 Oct 20264,175,000
11 Aug 20263,480,000
8 Apr 20264,055,000
26 Feb 20263,550,000
4 2-bed sales in the last 12 months

Shoreline - Shahla

Building

108 apartments, 1-bed to 4-bed over 9 floors in Palm Jumeirah, completed in 2007 by Nakheel. 13 sold in the last 12 months.

Typical price per sqft
AED 2,244 Up 1.9%
Typical sale
AED 4.18M
Typical rent
AED 180K /yr
Typical yield
5.2%
Shoreline - Shahla, Palm Jumeirah: prices, sales and rents →

1005, Shoreline - Shahla in numbers

  • Sold once: by Nakheel on 8 July 2009 for AED 815,000, or AED 525 per sqft.
  • Rented since May 2013 on 11 Ejari contracts. The rent fell from AED 115,000 to AED 95,000 in 2021 and recovered to AED 131,100 by September 2024.
  • At AED 131,100 a year the gross yield on the 2009 price is 16.1%, before a service charge of about AED 28,100 a year (AED 18.13 per sqft).
  • Two-beds in Shoreline - Shahla sold for AED 3,480,000–4,175,000 in the 12 months to November 2026; the building's median across all types is AED 2,244 per sqft.

Source: Dubai Land Department. Updated 20 September 2024.

Questions about 1005, Shoreline - Shahla

What did unit 1005 last sell for?

AED 815,000 on 8 July 2009, sold by the developer: AED 525 per sqft for 1,551 sqft. It is the only registered sale of the unit.

What is the rent for unit 1005?

AED 131,100 a year on the contract renewed on 20 September 2024. The previous contract, from September 2023, was AED 125,638; the unit has been rented since May 2013.

How big is unit 1005?

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

What is unit 1005 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Shoreline - Shahla sold for AED 3,480,000 to 4,175,000 in the last 12 months, around AED 2,398 per sqft.

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Mortgage on 1005, Shoreline - Shahla

Starts from the last sale price (AED 815K, 8 July 2009). Switch to today's estimate once you have unlocked it.
Price
AED 815,000
Deposit, UAE resident (20%)
AED 163,000
Deposit, non-resident (40%)
AED 326,000
Monthly over 25 years at 3.7%
AED 3,334

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