3-bed · 2,218 sqftShoreline - Shahla, Palm Jumeirah · 3rd floor · completed 2007

311, Shoreline - Shahla

Sold prices and rental history: sold 3 times, last in February 2021, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 311 · DLD and Ejari recordsUpdated 10 February 2021
Last soldAED 1.68M10 February 2021
Current rentAED 130K /yr29 August 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 311, Shoreline - Shahla

What is 311 worth today?

Last sold for AED 1,680,000 in 2021

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10 Feb 2021SoldReady
AED 1,680,000AED 757 per sqft
24 Oct 2019SoldReady
AED 1,800,000AED 811 per sqft
29 Aug 2019RentedNew contract
AED 130,000/yr12 months · AED 59 per sqft
1 Sep 2018RentedRenewal
AED 158,000/yr12 months · AED 71 per sqft
1 Sep 2017RentedNew contract
AED 158,000/yr12 months · AED 71 per sqft
23 Oct 2016RentedNew contract
AED 172,000/yr12 months · AED 78 per sqft
11 Jul 2015RentedNew contract
AED 198,000/yr12 months · AED 89 per sqft
11 Jul 2014RentedNew contract
AED 198,000/yr12 months · AED 89 per sqft

Source: Dubai Land Department. Updated 10 February 2021.

Key facts

Type
3-bed apartment
Size
2,218 sqft
Floor
3rd of 9
Parking
B2-69,B2-70
Developer
Nakheel
Completed
2007
Service charge
AED 40,200 /yr
Last sold
AED 1.68M · February 2021

About 311, Shoreline - Shahla

311 is a three-bedroom apartment of 2,218 sqft on the 3rd floor of Shoreline - Shahla, a 9-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 10 February 2021 for AED 1,680,000, or AED 757 per sqft, 5% below the AED 793 three-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 8 Ejari contracts. The current contract, signed on 29 August 2019, is AED 130,000 a year: a gross yield of 7.7% on the 2021 price, before the service charge of about AED 40,200 a year.

Sales and rents for 311 over time

Sales
Unit 311, each saleTypical three-bed in Shoreline - Shahla
2M4M2009201420192024Typical sale price by year: 2009 AED 1,175,000; 2011 AED 1,740,000; 2012 AED 1,675,000; 2015 AED 2,650,000; 2016 AED 2,847,500; 2021 AED 1,750,000; 2022 AED 2,535,000; 2023 AED 3,675,000; 2025 AED 4,875,000; 2026 AED 4,775,000Sold by developer, April 2009: AED 1,150,000 (AED 518 per sqft)Sold, October 2019: AED 1,800,000 (AED 811 per sqft)Sold, February 2021: AED 1,680,000 (AED 757 per sqft)

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

Rents
Unit 311, each contractTypical three-bed in Shoreline - Shahla
200K2012201620202024Typical rent by year: 2012 AED 145,000; 2013 AED 170,000; 2014 AED 190,000; 2015 AED 190,344; 2016 AED 185,000; 2017 AED 175,000; 2018 AED 160,000; 2019 AED 142,500; 2020 AED 137,500; 2021 AED 135,000; 2022 AED 151,250; 2023 AED 173,938; 2024 AED 215,500; 2025 AED 260,000; 2026 AED 230,000New contract, June 2012: AED 150,000 a yearNew contract, June 2013: AED 180,000 a yearNew contract, July 2014: AED 198,000 a yearNew contract, July 2015: AED 198,000 a yearNew contract, October 2016: AED 172,000 a yearNew contract, September 2017: AED 158,000 a yearRenewal, September 2018: AED 158,000 a yearNew contract, August 2019: AED 130,000 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 - Shahla, and where 311 sits

All 40 3-beds →

311 last sold in February 2021 at AED 757 per sqft, 5% below what three-beds in Shoreline - Shahla were fetching at the time (AED 793). Over the last 12 months three-beds sold for AED 4,410,076 to 5,000,000, around AED 2,189 per sqft, and rent for AED 190,000 to 320,000 a year. 311's AED 130,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
5 Aug 20264,999,999
5 Jun 20264,800,000
5 Jun 20264,700,000
23 Apr 20264,750,000
6 3-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
3041-bedAED 1.45M · May 2022
3052-bedAED 1.9M · Jan 2018
3062-bedAED 2.55M · Jan 2014
3072-bedAED 3.15M · Jun 2023
1–7 of 11

311, Shoreline - Shahla in numbers

  • Sold 3 times: first on 16 April 2009 for AED 1,150,000, last on 10 February 2021 for AED 1,680,000 (AED 757 per sqft).
  • Rented since June 2012 on 8 Ejari contracts, from AED 150,000 to AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2021 price is 7.7%, before a service charge of about AED 40,200 a year (AED 18.13 per sqft).
  • Three-beds in Shoreline - Shahla sold for AED 4,410,076–5,000,000 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 February 2021.

Questions about 311, Shoreline - Shahla

What did unit 311 last sell for?

AED 1,680,000 on 10 February 2021: AED 757 per sqft for 2,218 sqft. The unit has 3 registered sales; the first was AED 1,150,000 in April 2009.

What is the rent for unit 311?

AED 130,000 a year on the contract signed on 29 August 2019. The previous contract, from September 2018, was AED 158,000; the unit has been rented since June 2012.

How big is unit 311?

2,218 sqft (206.1 sqm): a three-bedroom apartment on the 3rd floor of a 9-storey tower completed in 2007.

What is unit 311 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Shoreline - Shahla sold for AED 4,410,076 to 5,000,000 in the last 12 months, around AED 2,189 per sqft.

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Mortgage on 311, Shoreline - Shahla

Starts from the last sale price (AED 1.68M, 10 February 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,680,000
Deposit, UAE resident (20%)
AED 336,000
Deposit, non-resident (40%)
AED 672,000
Monthly over 25 years at 3.7%
AED 6,873

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