506, Shoreline - Shahla
Sold prices and rental history: sold twice, 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.
Property timeline for 506, Shoreline - Shahla
What is 506 worth today?
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Source: Dubai Land Department. Updated 27 May 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 2,019 sqft
- Floor
- 5th of 9
- Parking
- B2-45
- Developer
- Nakheel
- Completed
- 2007
- Service charge
- AED 36,600 /yr
- Last sold
- AED 2.3M · May 2022
- Building
- Shoreline - Shahla
About 506, Shoreline - Shahla
506 is a two-bedroom apartment of 2,019 sqft on the 5th floor of Shoreline - Shahla, a 9-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 27 May 2022 for AED 2,300,000, or AED 1,139 per sqft, in line with the AED 1,143 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, signed on 1 March 2022, is AED 121,000 a year: a gross yield of 5.3% on the 2022 price, before the service charge of about AED 36,600 a year.
Sales and rents for 506 over time
506 has sold twice; the dashed line is the two-bed median of each year in the building.
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 506 sits
All 54 2-beds →506 last sold in May 2022 at AED 1,139 per sqft, in line with what two-beds in Shoreline - Shahla were fetching at the time (AED 1,143). 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. 506's AED 121,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 8 Oct 20268 October 2026 | 1,551 sqft | 4,175,000 | 2,692 | ||
| 11 Aug 202611 August 2026 | 1,551 sqft | 3,480,000 | 2,244 | ||
| 8 Apr 20268 April 2026 | 1,589 sqft | 4,055,000 | 2,551 | ||
| 26 Feb 202626 February 2026 | 1,603 sqft | 3,550,000 | 2,214 |
Shoreline - Shahla
Building108 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%
Other units on the 5th floor
All 108 units in Shoreline - Shahla| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,589 sqft | AED 1.8MAED 1,800,000 · Nov 2009November 2009 | 120,000 /yr | |
| 502 | 3-bed | 2,218 sqft | AED 1.85MAED 1,850,000 · Mar 2019March 2019 | 185,000 /yr | |
| 503 | 3-bed | 2,157 sqft | AED 3.3MAED 3,300,000 · May 2023May 2023 | 159,500 /yr | |
| 504 | 1-bed | 1,145 sqft | AED 1.65MAED 1,650,000 · May 2022May 2022 | 125,000 /yr | |
| 505 | 2-bed | 1,551 sqft | AED 1.25MAED 1,250,000 · Jun 2020June 2020 | 110,000 /yr | |
| 507 | 2-bed | 1,994 sqft | AED 1.03MAED 1,025,000 · Apr 2009April 2009 | 120,000 /yr | |
| 508 | 2-bed | 1,551 sqft | AED 1.55MAED 1,550,000 · Feb 2021February 2021 | 88,000 /yr | |
| 509 | 1-bed | 1,145 sqft | AED 600KAED 600,000 · Apr 2009April 2009 | 105,000 /yr | |
| 510 | 3-bed | 2,157 sqft | AED 5MAED 5,000,000 · Nov 2025November 2025 | 211,000 /yr | |
| 511 | 3-bed | 2,218 sqft | AED 3.68MAED 3,675,000 · Aug 2023August 2023 | 187,040 /yr | |
| 512 | 2-bed | 1,589 sqft | AED 4.06MAED 4,055,000 · Apr 2026April 2026 | 150,631 /yr |
506, Shoreline - Shahla in numbers
- Sold twice: first on 16 April 2009 for AED 2,750,000, last on 27 May 2022 for AED 2,300,000 (AED 1,139 per sqft).
- Rented since March 2013 on 9 Ejari contracts, from AED 130,000 to AED 121,000 a year.
- At AED 121,000 a year the gross yield on the 2022 price is 5.3%, before a service charge of about AED 36,600 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 27 May 2022.
Questions about 506, Shoreline - Shahla
What did unit 506 last sell for?
AED 2,300,000 on 27 May 2022: AED 1,139 per sqft for 2,019 sqft. The unit has 2 registered sales; the first was AED 2,750,000 in April 2009.
What is the rent for unit 506?
AED 121,000 a year on the contract signed on 1 March 2022. The previous contract, from February 2021, was AED 110,000; the unit has been rented since March 2013.
How big is unit 506?
2,019 sqft (187.6 sqm): a two-bedroom apartment on the 5th floor of a 9-storey tower completed in 2007.
What is unit 506 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 506, Shoreline - Shahla
Starts from the last sale price (AED 2.3M, 27 May 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,300,000
- Deposit, UAE resident (20%)
- AED 460,000
- Deposit, non-resident (40%)
- AED 920,000
- Monthly over 25 years at 3.7%
- AED 9,410
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →