2-bed · 1,586 sqftShoreline - Shahla, Palm Jumeirah · 2nd floor · completed 2007

212, Shoreline - Shahla

Sold prices and rental history: sold 3 times, last in June 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 212 · DLD and Ejari recordsUpdated 7 June 2024
Last soldAED 2.73M7 June 2024
Current rentAED 150K /yr14 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 212, Shoreline - Shahla

What is 212 worth today?

Last sold for AED 2,725,000 in 2024

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7 Jun 2024SoldReady
AED 2,725,000AED 1,718 per sqft
14 Dec 2022RentedRenewal
AED 150,000/yr12 months · AED 95 per sqft
1 Jul 2022RentedRenewal
AED 103,925/yr5 months · AED 66 per sqft
1 Jul 2021RentedRenewal
AED 86,000/yr12 months · AED 54 per sqft
1 Jul 2020RentedRenewal
AED 86,000/yr12 months · AED 54 per sqft
1 Jul 2019RentedRenewal
AED 104,000/yr12 months · AED 66 per sqft
31 May 2018RentedNew contract
AED 114,000/yr13 months · AED 72 per sqft
27 Oct 2017RentedRenewal
AED 130,000/yr12 months · AED 82 per sqft

Source: Dubai Land Department. Updated 7 June 2024.

Key facts

Type
2-bed apartment
Size
1,586 sqft
Floor
2nd of 9
Parking
B2-9
Developer
Nakheel
Completed
2007
Service charge
AED 28,800 /yr
Last sold
AED 2.73M · June 2024

About 212, Shoreline - Shahla

212 is a two-bedroom apartment of 1,586 sqft on the 2nd floor of Shoreline - Shahla, a 9-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 7 June 2024 for AED 2,725,000, or AED 1,718 per sqft, in line with the AED 1,754 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 14 December 2022, is AED 150,000 a year: a gross yield of 5.5% on the 2024 price, before the service charge of about AED 28,800 a year.

Sales and rents for 212 over time

Sales
Unit 212, 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, April 2009: AED 800,000 (AED 504 per sqft)Sold, May 2010: AED 1,270,000 (AED 800 per sqft)Sold, June 2024: AED 2,725,000 (AED 1,718 per sqft)

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

Rents
Unit 212, each contractTypical two-bed in Shoreline - Shahla
100K200K2012201620202024Typical 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, September 2013: AED 140,000 a yearNew contract, October 2014: AED 155,000 a yearRenewal, October 2015: AED 155,000 a yearNew contract, October 2016: AED 150,000 a yearRenewal, October 2017: AED 130,000 a yearNew contract, May 2018: AED 114,000 a yearRenewal, July 2019: AED 104,000 a yearRenewal, July 2020: AED 86,000 a yearRenewal, July 2021: AED 86,000 a yearRenewal, July 2022: AED 103,925 a yearRenewal, December 2022: AED 150,000 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 - Shahla, and where 212 sits

All 54 2-beds →

212 last sold in June 2024 at AED 1,718 per sqft, in line with what two-beds in Shoreline - Shahla were fetching at the time (AED 1,754). 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. 212's AED 150,000 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 →

Other units on the 2nd floor

All 108 units in Shoreline - Shahla
Value
2012-bedAED 1.38M · Jun 2019
2023-bedAED 2.8M · Dec 2014
2033-bedAED 2.97M · Nov 2016
2041-bedAED 600K · Apr 2009
2052-bedAED 2.15M · Oct 2013
2062-bedAED 1.42M · Oct 2019
2072-bedAED 1.5M · Dec 2018
1–7 of 11

212, Shoreline - Shahla in numbers

  • Sold 3 times: first on 20 April 2009 for AED 800,000, last on 7 June 2024 for AED 2,725,000 (AED 1,718 per sqft).
  • Rented since September 2013 on 11 Ejari contracts. The rent fell from AED 140,000 to AED 86,000 in 2021 and recovered to AED 150,000 by December 2022.
  • At AED 150,000 a year the gross yield on the 2024 price is 5.5%, before a service charge of about AED 28,800 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 7 June 2024.

Questions about 212, Shoreline - Shahla

What did unit 212 last sell for?

AED 2,725,000 on 7 June 2024: AED 1,718 per sqft for 1,586 sqft. The unit has 3 registered sales; the first was AED 800,000 in April 2009.

What is the rent for unit 212?

AED 150,000 a year on the contract renewed on 14 December 2022. The previous contract, from July 2022, was AED 103,925; the unit has been rented since September 2013.

How big is unit 212?

1,586 sqft (147.3 sqm): a two-bedroom apartment on the 2nd floor of a 9-storey tower completed in 2007.

What is unit 212 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 212, Shoreline - Shahla

Starts from the last sale price (AED 2.73M, 7 June 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,725,000
Deposit, UAE resident (20%)
AED 545,000
Deposit, non-resident (40%)
AED 1,090,000
Monthly over 25 years at 3.7%
AED 11,149

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