1-bed · 1,145 sqftShoreline - Shahla, Palm Jumeirah · 3rd floor · completed 2007

304, Shoreline - Shahla

Sold prices and rental history: sold 3 times, last in May 2022, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 304 · DLD and Ejari recordsUpdated 10 August 2022
Last soldAED 1.45M18 May 2022
Current rentAED 70K /yr10 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 304, Shoreline - Shahla

What is 304 worth today?

Last sold for AED 1,450,000 in 2022

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10 Aug 2022RentedNew contract
AED 69,949/yr10 months · AED 61 per sqft
18 May 2022SoldReady
AED 1,450,000AED 1,266 per sqft
10 Jan 2022SoldReady
AED 1,140,000AED 995 per sqft
10 Aug 2021RentedRenewal
AED 70,000/yr12 months · AED 61 per sqft
10 Aug 2020RentedRenewal
AED 70,000/yr12 months · AED 61 per sqft
10 Aug 2019RentedRenewal
AED 80,000/yr12 months · AED 70 per sqft
10 Aug 2018RentedNew contract
AED 80,000/yr12 months · AED 70 per sqft
10 Aug 2017RentedRenewal
AED 95,000/yr12 months · AED 83 per sqft

Source: Dubai Land Department. Updated 10 August 2022.

Key facts

Type
1-bed apartment
Size
1,145 sqft
Floor
3rd of 9
Parking
B2-3
Developer
Nakheel
Completed
2007
Service charge
AED 20,800 /yr
Last sold
AED 1.45M · May 2022

About 304, Shoreline - Shahla

304 is a one-bedroom apartment of 1,145 sqft on the 3rd floor of Shoreline - Shahla, a 9-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 18 May 2022 for AED 1,450,000, or AED 1,266 per sqft, in line with the AED 1,266 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, signed on 10 August 2022, is AED 69,949 a year: a gross yield of 4.8% on the 2022 price, before the service charge of about AED 20,800 a year.

Sales and rents for 304 over time

Sales
Unit 304, each saleTypical one-bed in Shoreline - Shahla
1M2M3M2009201420192024Typical sale price by year: 2009 AED 625,000; 2016 AED 1,810,000; 2017 AED 1,410,000; 2022 AED 1,437,500; 2023 AED 1,910,000; 2025 AED 2,650,000; 2026 AED 2,775,000Sold by developer, December 2012: AED 600,000 (AED 524 per sqft)Sold, January 2022: AED 1,140,000 (AED 995 per sqft)Sold, May 2022: AED 1,450,000 (AED 1,266 per sqft)

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

Rents
Unit 304, each contractTypical one-bed in Shoreline - Shahla
100K2013201720212025Typical rent by year: 2013 AED 95,000; 2014 AED 105,750; 2015 AED 110,000; 2016 AED 115,000; 2017 AED 108,000; 2018 AED 97,500; 2019 AED 85,000; 2020 AED 74,000; 2021 AED 75,000; 2022 AED 88,000; 2023 AED 115,000; 2024 AED 125,000; 2025 AED 135,000; 2026 AED 125,010New contract, November 2013: AED 98,000 a yearNew contract, November 2014: AED 108,000 a yearRenewal, November 2015: AED 103,091 a yearNew contract, August 2016: AED 100,000 a yearRenewal, August 2017: AED 95,000 a yearNew contract, August 2018: AED 80,000 a yearRenewal, August 2019: AED 80,000 a yearRenewal, August 2020: AED 70,000 a yearRenewal, August 2021: AED 70,000 a yearNew contract, August 2022: AED 69,949 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Shoreline - Shahla, and where 304 sits

All 22 1-beds →

304 last sold in May 2022 at AED 1,266 per sqft, in line with what one-beds in Shoreline - Shahla were fetching at the time (AED 1,266). Over the last 12 months one-beds sold for AED 2,480,000 to 3,100,000, around AED 2,424 per sqft, and rent for AED 96,000 to 200,000 a year. 304's AED 69,949 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
23 Jul 20262,775,000
19 Jun 20262,480,000
21 Apr 20263,100,000
4 Nov 20252,750,000
3 1-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 3rd floor

All 108 units in Shoreline - Shahla
Value
3012-bedAED 2.12M · Aug 2013
3023-bedAED 2.6M · Jun 2022
3033-bedAED 1.15M · Nov 2012
3052-bedAED 1.9M · Jan 2018
3062-bedAED 2.55M · Jan 2014
3072-bedAED 3.15M · Jun 2023
3082-bedAED 3.89M · Oct 2025
1–7 of 11

304, Shoreline - Shahla in numbers

  • Sold 3 times: first on 11 December 2012 for AED 600,000, last on 18 May 2022 for AED 1,450,000 (AED 1,266 per sqft).
  • Rented since November 2013 on 10 Ejari contracts, from AED 98,000 to AED 69,949 a year.
  • At AED 69,949 a year the gross yield on the 2022 price is 4.8%, before a service charge of about AED 20,800 a year (AED 18.13 per sqft).
  • One-beds in Shoreline - Shahla sold for AED 2,480,000–3,100,000 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 10 August 2022.

Questions about 304, Shoreline - Shahla

What did unit 304 last sell for?

AED 1,450,000 on 18 May 2022: AED 1,266 per sqft for 1,145 sqft. The unit has 3 registered sales; the first was AED 600,000 in December 2012.

What is the rent for unit 304?

AED 69,949 a year on the contract signed on 10 August 2022. The previous contract, from August 2021, was AED 70,000; the unit has been rented since November 2013.

How big is unit 304?

1,145 sqft (106.4 sqm): a one-bedroom apartment on the 3rd floor of a 9-storey tower completed in 2007.

What is unit 304 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Shoreline - Shahla sold for AED 2,480,000 to 3,100,000 in the last 12 months, around AED 2,424 per sqft.

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Mortgage on 304, Shoreline - Shahla

Starts from the last sale price (AED 1.45M, 18 May 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,450,000
Deposit, UAE resident (20%)
AED 290,000
Deposit, non-resident (40%)
AED 580,000
Monthly over 25 years at 3.7%
AED 5,932

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